Counsel to Finnish Customs in the public procurement of bitcoin brokerage services. The assignment is related to the Finnish Government’s decision to sell the Bitcoins and other cryptocurrencies seized by Finnish Customs and allocate a significant share of the additional revenue to support Ukraine in the current war.

Parties

Basware Corporation (target), a consortium consisting of Accel-KKR, Long Path Partners, and Briarwood Chase Management (buyer)

Transaction

Counsel to the offeror consortium of Accel-KKR, Long Path Partners, and Briarwood Chase Management in the tender offer for all outstanding securities in Basware Corporation.

Deal Value

EUR 620 million

Role

Counsel to the consortium

Parties 

Kingdom of Sweden (Seller), Metria AB (Target), Sikri Holding AS (Buyer)

Transaction 

Counsel to the Kingdom of Sweden in the sale of Metria AB to Sikri Holding AS

Deal Value 

Value not public

Role

Counsel to the Kingdom of Sweden

Parties 

Oriola Corporation, Euroapotheca, Kronans Apotek and Apoteksgruppen

Transaction 

Counsel to Oriola Corporation in the Formation of a Joint Venture with Euroapotheca combining the Swedish retail pharmacy chains Kronans Apotek and Apoteksgruppen.

Deal Value 

Role

Counsel to Oriola Corporation

Parties 

NeoGames S.A., Aspire Global plc

Transaction 

Counsel to NeoGames S.A. in its public offer for Aspire Global plc

Deal Value 

SEK 4.3 billion

Role

Counsel to NeoGames S.A.

Parties

LähiTapiola Yhteiskuntakiinteistöt Suomi Ky, Espoo Hospital 

Transaction

Counsel to LähiTapiola Yhteiskuntakiinteistöt Suomi Ky in the acquisition of Espoo Hospital.

Deal Value

EUR 300 million

Role

Counsel to LähiTapiola Yhteiskuntakiinteistöt Suomi Ky

Parties 

Fazer Group and Trensums Food

Transaction 

Counsel to Fazer Group in its acquisition of Trensums Food

Deal Value 

Role

Counsel to Fazer Group

Parties

Anora Group Plc (Altia Plc, Arcus ASA) and Galatea AB

Transaction

Required pre-closing divestment of Altia’s brands Skåne Akvavit, Hallands Fläder, and Brøndums and cognac brand Grönstedts (along with Arcus’s aquavit brand Akevitt Spesial and spirits brands S.P.R.T. and Dworek) to Galatea AB. The divestment to a suitable buyer was required by the Finnish, Norwegian, and Swedish competition authorities as a condition to their approval of the merger between Altia and Arcus to form Anora Group.

Deal value

Not public

Role

Lead counsel to Altia Plc (Anora Group Plc)

Parties

Assemblin, Tom Allen Senera

Transaction

Counsel to Assemblin in its acquisition of Tom Allen Senera, a Finland-based systems supplier of energy solutions to properties.

Deal Value

Value not public

Role

Counsel to Assemblin

Parties 

Virala Acquisition Company Plc, Purmo Group Ltd

Transaction 

Virala Acquisition Company Plc's merger with Purmo Group Ltd.

Deal Value 

EUR 685 million

Role

Counsel to Virala Acquisition Company Plc

Parties 

Holmström Fastigheter AB, Areim AB, Magnolia Bostad AB

Transaction 

Counsel to consortium of F. Holmström Fastigheter AB and Areim AB on its public offer for Magnolia Bostad AB

Deal Value 

The offer values Magnolia Bostad at approximately SEK 2,9 billion

Role

Counsel to consortium of F. Holmström Fastigheter AB and Areim AB

Parties

Valmet, Neles

Transaction

Hannes Snellman acted as lead counsel to Valmet, a leading global developer and supplier of process technologies, automation, and services for the pulp, paper, and energy industries, in its merger with Neles, one of the leading providers of mission-critical flow control solutions and services for process industries in Finland. 

Deal Value

The combined value of the merging companies is approximately EUR 7 billion.

Role

Lead counsel to Valmet

Parties 

The State of Finland, Finnair Plc

Transaction 

Counsel to the State of Finland in the hybrid loan arrangement with Finnair Plc

Deal Value 

Up to EUR 400 million

Role 

Counsel to the State of Finland (Prime Minister’s Office)

Parties 

AURELIUS Equity Opportunities SE & Co. KGaA, Conaxess Trade Sweden AB, Movement Group Nordic AB

Transaction

AURELIUS Equity Opportunities SE & Co. KGaA and its portfolio company Conaxess Trade Sweden AB in the acquisition of Movement Group Nordic AB 

Deal Value 

Value not public 

Role 

Counsel to AURELIUS Equity Opportunities SE & Co. KGaA and its portfolio company Conaxess Trade Sweden AB

Parties 

Savaria Corporation, Handicare Group AB

Transaction 

Savaria Corporation in Its Public Offer for Handicare Group AB

Deal value

The offer values Handicare at approximately SEK 2.9 billion

Role

Counsel to Savaria Corporation

Parties

PPG Industries, Inc. (Bidder), Tikkurila Oyj (Target)

Transaction

Recommended public cash tender offer for all of the shares in Tikkurila by PPG Industries, Inc.

Deal Value

EUR 1.5 billion

Role

Counsel to Tikkurila Oyj

Parties

Telia Finland (Seller) and AddSecure (Buyer)

Transaction

Telia Finland’s divestment of Telia Alerta business to AddSecure

Deal Value

Value not public

Role

Counsel to Seller/Telia Finland

Parties 

TrønderEnergi AS, Scandinavian Biogas

Transaction

The Norwegian energy company TrønderEnergi has become the largest shareholder in Scandinavian Biogas, a leading producer of biogas in the Nordics.

Deal value 

Value not public 

Role

Swedsih counsel to TrønderEnergi AS

Parties

REF IV Luxembourg S.à r.l., AcadeMedia

Transaction

Divestment of RE Skolor AB to AcadeMedia

Deal Value

Value not public

Role

Counsel to REF IV Luxembourg S.à r.l.

Counsel to Altia in competition law risk assessment and compliance review.

Parties 

Paradigm Capital Value Fund SICAV, Internationella Engelska Skolan i Sverige Holdings II AB (“IES”)

Transaction 

Counsel to consortium led by Paradigm Capital on its public offer for Internationella Engelska Skolan

Deal Value 

The offer values IES at approximately 3.3 Billion

Role 

Counsel to Consortium Led by Paradigm Capital

Parties

Altia Plc, Arcus ASA

Transaction

Merger of Altia Plc and Arcus ASA to form Anora Group

Deal value

Preliminary aggregated annual revenue EUR 640 million

Role

Lead counsel to Altia Plc

Parties:

Cargotec Corporation, Konecranes Plc

Transaction:

Merger of Cargotec Corporation and Konecranes Plc

Deal value:

Approx. EUR 2.7 billion

Role:

Counsel to Konecranes Plc

Counsel to Nordea Life in a competition law compliance matter.

Parties

Ahlstrom-Munksjö Oyj (target), a consortium consisting of Ahlström Capital, Bain Capital Private Equity, Viknum and Belgrano Inversiones (buyer)

Transaction

Recommended public cash tender offer for all shares in Ahlstrom-Munksjö Oyj by Spa Holdings 3 Oy

Deal value

Approximately EUR 2.1 billion

Role

Counsel to the consortium

Counsel to IBM on public procurement.

Counsel to CBRE in competition and compliance related matters.

Parties

Sanoma Media Finland Oy (Seller), Schibsted (buyer), Oikotie Ltd (target)

Transaction

The sale of Sanoma’s online classifieds business Oikotie to Schibsted

Deal value

EUR 185 million

Role

Counsel to Sanoma Group

Core team

Riikka Rannikko, Jesper Nevalainen, Mikko Huimala, Agda Vähä-Piikkö, Jenni Heurlin, Anton Pirinen

Parties

Vida AB, Bergs Timber AB (publ)

Parties

City of Espoo, Kumppanuuskoulut Oy, YIT Oyj, Meridiam Investments II

Transaction

The City of Espoo signed a service agreement with Kumppanuuskoulut Oy on the implementation of five schools and three daycare centres

Deal Value

Approx. EUR 300 million

Role

Counsel to City of Espoo

Team

Rabbe Sittnikow, Jussi Ekonen, Janna Pihanurmi, Janne Veneranta, Roosa Väre, Markus Bremer, Maria Landtman, Samuli Pirinen, Heikki Vesikansa, Harri Vehviläinen, Piia Ahonen, Joakim Lavér

Comprehensive advice on the state aid law for the Prime Minister’s Office concerning the recapitalisation (rights offering) of the state-controlled airline Finnair Plc, including advise on the notification procedure before the European Commission. The rights offering of 500 MEUR is one of the largest rights offerings in Finland in recent years. The Commission’s decision in the case lead to amendments to the COVID-19 related State Aid Temporary Framework.

Series of compliance trainings for Nordea in the area of competition law and compliance.

Parties 

Eltel AB, Eltel AB (Aviation & Security business), Luftfartsverket

Transaction

Eltel in the divestment of its Aviation & Security Business to Luftfarsverket

Deal Value

EUR 17 million

Role

Counsel to Eltel AB

Parties

Outotec Oyj, Metso Corporation

Transaction

The combination of Outotec and Metso Minerals through a demerger

Deal Value

EUR 3.9 billion (illustrative combined sales)

Role

Counsel to Outotec Oyj

Counsel to Business Finland in public procurement of Business Finland Connection, a solution incorporating artificial intelligence, semantic search algorithms, and machine learning.

Parties

NEP Group (Bidder), HDR Sweden (Target)

Transaction

NEP Group in its acquisition of HDR Sweden, a company specialised in full-service production within the live sports, entertainment and broadcast markets in Sweden, Norway, Denmark and Finland

Deal Value

Value not public

Role

Counsel to NEP Group

Counsel in strategic public procurement to Finavia Oyj, which maintains and developes all Finnish airports.

Parties

Ramirent Plc (buyer), Stavdal AB

Transaction

Ramirent in its acquisition of Stavdal AB to become the leading company in Swedish equipment rental market

Deal Value

EUR 158 million

Role

Counsel to Ramirent Plc

Parties

OBOS BBL (Buyer), SBC Sveriges Bostadsrättscentrum AB (Target)

Transaction

OBOS’ mandatory public cash offer for all shares in SBC Sveriges Bostadsrättscentrum AB.

Deal Value

SEK 1 billion

Role

Counsel to OBOS BBL

Parties

OBOS BBL (Buyer), Riksförbundet Bostadsrätterna Sverige Ekonomisk förening (Seller)

Transaction

OBOS in connection with the acquisition of 36.6 percent of the shares and votes in SBC Sveriges Bostadsrättscentrum AB

Deal Value

SEK 377 million

Role

Counsel to OBOS BBL

Parties

Wereldhave N.V. (Seller), Morgan Stanley Real Estate Investing (MSREI) (Buyer)

Transaction

Wereldhave's divestment of the Itis shopping centre to a fund advised by Morgan Stanley Real Estate Investing (MSREI)

Deal Value

Approx. EUR 520 million

Role

Counsel to Wereldhave N.V.

Parties

Infranode 1 (No. 1) AB and Infranode Energi AB (Buyers), Skånska Energi AB (publ) (Target)

Transaction

Infranode Energi AB’s recommended public cash offer for all shares in Skånska Energi AB (publ)

Deal Value

SEK 621 million

Role

Counsel to Infranode 1 (No. 1) AB and Infranode Energi AB

Parties

Mekonomen Aktiebolag (publ) (Buyer), FTZ Autodele & Værktøj A/S, INTER-TEAM Sp. z. o.o. (Targets)

Transaction

Mekonomen's acquisition of FTZ Autodele & Værktøj A/S. the Danish market leader within automotive spare parts distribution and INTER-TEAM Sp. z. o.o., who has an established market position in the fast-growing and fragmented Polish automotive spare parts market.

Deal Value

EUR 395 million

Role

Counsel to Mekonomen Aktiebolag (publ)

Parties

Orion Corporation (Seller), Axcel Management A/S (Buyer), Orion Diagnostica Oy (Target)

Transaction

Orion Corporation's divestment of the diagnostics business unit Orion Diagnostica Oy to a private equity fund managed by Axcel Management A/S

Deal Value

Value not public

Role

Counsel to Orion Corporation

Parties

OP Financial Group (Seller), Vienna Insurance Group (Buyer), Seesam Insurance AS (Target)

Transaction

OP Financial Group's sale of the non-life insurance company Seesam Insurance AS (Seesam), including its Latvian and Lithuanian branches, to Vienna Insurance Group (VIG)

Deal Value

Value not public

Role

Counsel to OP Financial Group

Parties

Nordic Packaging and Container Holdings (Seller), Mondi Group (Buyer), Powerflute Group Holdings Oy (Target)

Transaction

Nordic Packaging and Container Holdings' sale of Powerflute Group Holdings Oy to a division of Mondi Group

Deal Value

Enterprise value of EUR 365 million

Role

Counsel to Nordic Packaging and Container Holdings (NPAC Holdings)

Parties

Lemminkäinen Corporation and YIT Corporation

Transaction

The combination of Lemminkäinen Corporation and YIT Corporation through a statutory merger

Deal Value

EUR 771 million

Role

Counsel to Lemminkäinen