Snellman acted as counsel to Pacenote Equity in its investment in Restra Group, an entrepreneur-led group of bio waste-to-energy companies in the Nordics.

Restra was founded with the ambition to strengthen the Nordic energy and heat supply through the responsible and sustainable use of bio-based resources. Restra currently consists of five companies (Skogsbränsle Småland, Naturskog, Naturskog Biofuel, Skogax and Biodrift), and is backed by a long-term ownership base including Swedish and international families, institutions, and entrepreneurs.

Snellman’s core advisory team included Claes Kjellberg and Douglas Essehorn (Private M&A), and Philip Thorell and Ajda Hasanovic (Competition, Procurement & Regulatory).