Avance advises Marlin Equity Partners as Finnish counsel in the acquisition of the optical networks business of Nokia Siemens Networks, completed on 6 May 2013. The newly formed company operates under the Coriant name and is a global supplier of optical transport solutions and software-defined, optical layer intelligence to Tier 1 networks. Marlin Equity Partners is a global private investment firm with over USD 1 billion of capital under management.