Hannes Snellman acted as the Finnish counsel to Bauer Media Group, a leading European media business including print and online publishing, audio broadcasting, and entertainment, in its acquisition of Clear Channel Europe-North, a significant out-of-home media sector player, including a Finnish entity Clear Channel Suomi Oy. The acquisition extends Bauer Media Group’s European reach and strengthens its core media-related businesses.

We further advised the client in the implementation of restructurings and temporary layoffs, changes to terms of employment, and handling of employee claims, also including claims to the Ombudsman for Equality and the Non-Discrimination.

Counsel to a company in the gaming industry on the closure of the operations in Finland and related employment law matters.

Counsel to Plantagen Finland’s bankruptcy estate, supporting the estate administrator in taking over the bankruptcy estate, realization of assets, managing the estate's premises, and general matters related to the bankruptcy process.

Parties:

Cushman & Wakefield, REnium Advisors Oy

Transaction:

Cushman & Wakefield's acquisition of REnium Advisors Oy

Deal value: 

Value not public

Role:

Counsel to Cushman & Wakefield

Parties

NYAB AB, Dovre Group Plc

Transaction

NYAB AB's acquisition of Dovre Group Plc’s Norwegian consulting business and global project personnel business.

Deal Value

EUR 34 million

Role

Counsel to NYAB AB

Counsel to a Nordic client in the banking sector in employment matters related to a reorganisation of their operations.

Counsel to a client in the wholesale sector in an employment matter concerning termination of an employment agreement and the entering into of a mutual termination agreement.

Counsel to a multinational corporation in an internal workplace investigation.

Parties

Sampo plc and Topdanmark A/S

Transaction

Sampo plc's recommended public exchange offer for the shares in Topdanmark A/S

Deal Value

DKK 33 billion

Role

Counsel to Sampo plc

Parties

Cargotec Corporation and Kalmar Corporation

Transaction

Cargotec’s partial demerger and separation of Kalmar

Deal Value

Approx. EUR 2.0 billion (illustrative carve-out sales)

Role

Counsel to Cargotec Corporation and Kalmar Corporation

Counsel to a global client in the telecoms industry in a global reorganisation of workforce as well as in varying day-to-day employment law matters, such as contract amendments and analysis related to post-contractual restrictive covenants.

Counsel to a client in the engineering and construction sector in arrangement of group internal foreign postings. The advice concerned questions within employment, social security, and tax regulations.

Parties

Accel-KKR, Aico Group, Juuri Partners

Transaction

Accel-KKR’s majority equity investment in Aico Group

Deal Value

Value not public

Role

Counsel to Accel-KKR, a global technology-focused investment firm

Counsel to a company in the forest industry in questions regarding political strikes and potential layoffs.

Counsel to a client in the medical sector in the implementation of a restructuring and temporary layoffs.

Assisted client in the automobile industry in a restructuring and related cooperation proceedings.

Counsel to a client in the media sector before the Insurance Court and the Pension Appeal Board in precedent-setting matters concerning application of the Finnish pension legislation.

The assistance included preparation of and support during the change negotiation process with the employees in Finland, drafting of related documents as well as mutual separation agreements.

Counsel to a publicly traded company in clothing industry in multiple employment law matters including change negotiations, working hours arrangements, general co-operation with shop stewards, collective bargaining agreements, changes in terms of employment, benefit related matters as well as terminations of employment.

Counsel to a client in biopharmaceutical industry in various employment law related matters, including e.g. advice related to change negotiations, working hours arrangements, changes in terms of employment, terminations of employment, issues related to family leaves as well as matters related to employee benefit.

Counsel to a tech company in a global reorganisation of workforce.

Counsel to several publicly traded companies in questions related to arrangement of employee participation both within Finland and cross borders.

Counsel to several publicly traded companies in the preparation and implementation of the exit of the former CEO, as well as in the drafting of the terms of assignment of the new CEO.

Counsel to a client in the textile industry in questions related to employee cooperation and strikes.

Counsel to a learning business company in the planning and implementing of a restructuring of the operations of its multi-jurisdictional subsidiary, including coordination of the statutory processes in several jurisdictions.

Parties:

Sega Europe Limited and SEGA Corporation (Buyers) Rovio Entertainment Corporation (Target)

Transaction:

Counsel to Sega Europe Limited and SEGA Corporation in the recommended public cash tender offer for all shares and options in Rovio Entertainment Corporation.

Deal value: 

Approximately EUR 706 million

Role:

Counsel to Sega Europe Limited and SEGA Corporation

Counsel to a client in advertising industry in the terms of termination of several members of management as well as in the recruitment process of a new managing director, including drafting of related agreements.

Parties:

Equip Capital, Lakers Group AB, Vestum AB

Transaction:

Equip Capital has acquired a portfolio of companies from Lakers Group by Vestum AB

Deal value: 

Value not public

Role:

Counsel to Equip

Counsel to a client in the media sector in the multitude of different type of employment law assignments related to various group companies, including manager agreements, termination agreements, advice related to non-competition obligations and terminations of employment on personal grounds.

Advised several clients in settlement negotiations regarding various employment matters.

Counsel to a tech company in a global reorganisation of workforce.

Held training for international and domestic clients about employer obligations under Finnish legislation.

Held training for domestic clients about employer obligations related to whistleblowing.

Advised client in preparations for the authorities’ occupational safety and health inspection at the client’s workplace.

Counsel to a company in the food industry in matters related to subcontracting, hiring foreign workforce and seasonal workforce.

Counsel to a leading Northern European company in the food industry in the process for the departure of the retiring managing director and appointment of the new managing director.

Parties 

PCP and Avia Pharma AB

Transaction

PCP in its SEK 350 million term loan to Avia Pharma AB

Deal Value 

SEK 350 million term loan

Role 

Counsel to PCP

Parties 

Schaeffler (bidder), H2 Green Steel (target)

Transaction 

Schaeffler, a leading global supplier to the automotive and industrial sectors and one of the world’s largest family companies, investment in the Swedish green impact company H2 Green Steel.

Deal Value 

H2 Green Steel raises EUR 190m in series B round

Role 

Counsel to Schaeffler 

We advised the client in setting up operations in the Finnish Lapland and preparing feasible employment models and work permits for a staff consisting of up to 200 noncitizens.

Parties:

Applied Materials Inc. (buyer), Picosun Oy (target)

Transaction:

The acquisition of Picosun Oy, an innovator in atomic layer deposition (ALD) technology, primarily for specialty semiconductors.

Deal Value:

Value not public

Role:

Finnish counsel to Applied Materials Inc.

Parties:

Sitowise (buyer), Bitcomp Oy (target)

Transaction:

Counsel to Sitowise in its acquisition of Bitcomp Oy

Deal Value:

Value not public

Role:

Counsel to Sitowise

Parties

MEKO (buyer), Koivunen (target)

Transaction

Counsel to MEKO in its acquisition of Koivunen, the provider of automotive spare parts and related services.

Deal Value

EUR 122 Million

Role

Counsel to MEKO

Counsel to a publicly traded infra and energy company in relation to their obligations in connection with reduction of workforce and related negotiations.

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

Counsel to a multinational company in a merger, including harmonisation of employment policies and practices.

Advised clients in several occupational safety and health related matters related to data center operations.

Advised Pankaboard in its negotiations with the Paper Workers’ Union and Trade Union Pro to conclude company-specific collective bargaining agreements for its paper workers and salaried employees, respectively.

Parties
Lassila & Tikanoja plc (JV shareholder), Neova Oy (JV shareholder), L&T Biowatti Oy (joint venture company)

Transaction
Counsel to Lassila & Tikanoja plc, a service company that is putting the circular economy into practice, in creating a joint venture with Neova Oy consolidating the parties’ energy wood businesses in Finland and Estonia. The joint venture’s turnover is approximately EUR 100 million and it employs approximately 100 employees.

Deal Value
Not disclosed

Role
Legal counsel to L&T plc

Parties 

Enersense International Oyj, Megatuuli Oy

Transaction 

Enersense International Oyj, a provider of zero-emission energy solutions, has signed an agreement on acquiring shares of the onshore wind farm developer Megatuuli Oy.

Deal Value 

Role

Counsel to Enersense International

Counsel to several listed companies in the assignment and termination of new members to their top management.

Parties

Virala Acquisition Company Plc

Transaction

Hannes Snellman acted as legal counsel to Virala Acquisition Company Plc on its IPO and the listing of its Class C shares on the SPAC segment of the regulated market of Nasdaq Helsinki

Deal Value

EUR 107.5 million

Role

Counsel to Virala Acquisition Company Plc

We advised the client in arranging employee participation on the board of directors of the combined company (Anora Group Plc) in connection with a cross-border merger between Altia Plc and Arcus ASA, as required by the EU directive 2017/1132.

Parties
Vungle, Inc. (Buyer), GameRefinery Oy (Target)

Transaction
Vungle, Inc.’s acquisition of GameRefinery Oy

Deal Value
Value not public

Role
Counsel to Vungle, Inc.

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

Telia Company (Seller), Polhem Infra (Buyer), Telia Carrier (Target)

Transaction

Telia Company’s divestment of Telia Carrier to Polhem Infra

Deal Value

SEK 9,450 million

Role

Finnish counsel to Telia Company

Parties

Castellum (Buyer), Lindström Invest (Target)

Counsel to a Finnish subsidiary of a global public listed company in the automobile industry. We advised the company in the co-operation proceedings relating to reduction of workforce as well as the restructuring of its operations. Our advice included general guidance related to the restructuring, preparation of documentation relating to the co-operation proceedings and drafting of termination agreements.

Counsel to a large multinational group of companies in the metal industry, its local management and key employees in a police investigation regarding work safety offence and involuntary manslaughter. After two years of investigations including several interrogations and a comprehensive written statement written by us no charges we pressed.

Counsel to a major investment company, in a delicate and strategically challenging matter regarding a prominent manager whose inappropriate behaviour had become intolerable. With our help the client was able to sign a termination of an employment contract without any legal battles or PR risk.

Counsel to a large domestic group on several related strategic disputes against former employees, supported by their union, involving precedential questions relating to transfer of business issues under Finnish and EU law. The judgments of the District Court were in favour of the client in all respects. The Court of Appeals upheld the District Court’s judgment in favour of our client.

Counsel to a Finnish subsidiary of a global public listed company in the pharma sector, in the integration process following an acquisition of another global public listed company in the same sector. Our advice has included both advice relating to the combination and restructuring of the operations, co-operation proceedings relating to reduction of workforce as well as ongoing employment and management related guidance.

Counsel to a leading biotechnology company in a strategic dispute against a former partner and manager. The matter related to non-competition, non-solicitation, and non-disclosure obligations of the former partner and manager. We were able to prevent the former partner and manager from entering in the service of a direct competitor of our client by getting injunctive relief from the District Court.

Counsel to a government owned company with regard to the termination of the former CEO, the recruitment process of the new CEO as well as other amendments related to the management of the company. In addition, we have supported the client in other general employment law matters.

Counsel to the Finnish subsidiaries of a multinational professional services company in a restructuring process and relating co-operation proceedings, involving in total 1,200 employees.

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

Parties

Peab AB (Buyer), YIT Corporation (Seller), YIT’s Nordic paving and mineral aggregates businesses (Targets)

Transaction

YIT’s sale of its Nordic paving and mineral aggregates businesses in Finland, Sweden, Norway and Denmark to Peab

Deal Value

EUR 280 million

Role

Counsel to YIT Corporation

Parties

Fazer Food Services, Compass Group PLC

Transaction

Fazer Group in its divestment of Fazer Food Services to Compass Group PLC

Deal Value

EUR 475 million

Role

Counsel to Fazer Group

Parties

Nordic Healthcare Group Oy, Vaaka Partners Oy

Transaction

Vaaka Partner's investment in Nordic Healthcare Group

Deal Value

Value not public

Role

Counsel to Vaaka Partners

Parties

Nexit Ventures (Seller), Ekahau, Inc. (Target), Ookla (Buyer)

Transaction

Nexit Ventures' sale of shares of Ekahau to Ookla

Deal Value

Value not public

Role

Counsel for Nexit Ventures and Ekahau, Inc.

Parties

Elementis plc (Buyer), Mondo Minerals B.V. (Target)

Transaction

A proposed acquisition of Mondo Minerals B.V. by Elementis plc

Deal Value

USD 600 million

Role

Counsel to Elementis plc

Parties

IVG Polar Oy (Seller), Goldman Sachs and Cromwell Property Group (Buyers)

Transaction

IVG Polar Oy's divestment of an office portfolio with a lettable space of 132,000m² to Goldman Sachs and Cromwell Property Group

Deal Value

EUR 108.5 million

Role

Counsel to IVG Polar Oy

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

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

Parties

Quattro Mikenti Group Oy sale of shares to Adelis Equity Partners Fund I AB

Transaction

Sale of a majority of shares in Quattro Mikenti Group Oy to Adelis Equity Partners Fund I AB by Henri Juva and other sellers

Deal Value

Value not public

Role

Counsel to Henri Juva

Parties

Trust Kapital (Buyer); Enfo Oyj (Seller); Enfo Zender (Target)

Transaction

Sentica’s portfolio company Trust Kapital's acquisition of Enfo Zender, Enfo Oyj’s information logistics subsidiary

Deal Value

Value not public

Role

Counsel to Trust Kapital

Parties

Ahlstrom Oyj, Munksjö Oyj

Transaction

The combination of Ahlstrom and Munksjö through a merger

Deal Value

Approx. EUR 1,2 billion

Role

Lead counsel to Ahlstrom

Parties

Powerflute Oyj (Target), Madison Dearborn Partners, LLC (Bidder)

Transaction

Recommended cash offer for Powerflute Oyj by Nordic Packaging and Container (Finland) Holdings Oy an affiliate of Madison Dearborn Partners, LLC

Deal Value

GBP 268 million

Role

Counsel to Powerflute Oyj

Parties

Sentica Partners and a number of private individuals (Sellers), Humana AB (Buyer), Arjessa Oy (Target)

Transaction

Sentica Partners and a number of private individuals sold the leading Finnish psychosocial care provider to Humana AB

Deal Value

EUR 32 million (EV)

Role

Counsel to Humana AB

Parties

Telia Company (Seller), Marginalen AB and Marginalen Bank Bankaktiebolag (Buyers), Sergel Group (Target)

Transaction

Telia Company's divestment of the Sergel Group to Marginalen AB and Marginalen Bank Bankaktiebolag

Deal Value

SEK 2,070 million (approx. EUR 222 million)

Role

Counsel to Telia Company

Parties

Cor Group Oy, Industry Investment, Norvestia Plc and acting management (Sellers), EQT MidMarket Limited Partnership (Buyer), Touhula Varhaiskasvatus Oy (Target)

Transaction

Cor Group Oy, Industry Investment, Norvestia Plc and acting management sold the leading Finnish private day care provider Touhula Varhaiskasvatus Oy to EQT MidMarket Limited Partnership.

Deal Value

Value not public

Role

Counsel to EQT

Parties

State of Finland (Seller), Patria Oyj (Target), Kongsberg Defence & Aerospace AS (Buyer)

Transaction

The Finnish government's sale of 49.9% of its shares in Patria Oyj to Kongsberg Defence & Aerospace AS

Deal Value

EUR 272 million

Role

Counsel to Patria and its shareholder

Parties

Veolia, Neste and Borealis

Transaction

A transaction creating a JV with Neste and Borealis to build a new combined heat and power plant and produce and supply steam and other utilities to Neste's refinery and Borealis' petrochemical plant in Porvoo, Finland

Deal Value

Approximately EUR 350 million

Role

Counsel to Veolia

Parties

Acorda Therapeutics (Bidder), Biotie Therapies (Target)

Transaction

Acorda Therapeutics' public tender offer of the shares and other securities in Biotie Therapies

Deal Value

USD 363 million

Role

Counsel to Biotie Therapies Corp.

Parties

Adven Group (Target), EQT (Seller), AMP Capital, Infracapital (Buyers)

Transaction

EQT Infrastructure Limited’s sale of Adven Group to a consortium comprising of AMP Capital Investors and Infracapital Partners II

Deal Value

Value not public

Role

Counsel to EQT

Parties

Niam (Buyer), Helsingin Osuuskauppa Elanto (Seller), Kaari shopping centre (Target)

Transaction

Niam's acquisition of the Kaari shopping centre, the ninth largest shopping centre in Finland, and five freehold plots around the shopping centre.

Deal Value

Value not public

Role

Counsel to Niam

Parties

Mondi Group (Buyer), Walki Group (Seller)

Transaction

Mondi Group's acquisition of Walki Group's extrusion coating plants located in Pietarsaari, Finland and Wroclaw, Poland

Deal Value

EUR 60 million

Role

Counsel to Mondi AG

Parties

Vossloh Rail Services International GmbH and VR Track Oy

Transaction

Establishment of a joint venture structure for rail welding business operations in Finland

Deal Value

Value not public

Role

Counsel to Vossloh Rail Services International GmbH

Parties

Vossloh Nordic Switch Systems AB and VR Track Oy

Transaction

Combination of the parties’ turn-out and installation service businesses in Finland into a joint venture structure

Deal Value

Value not public

Role

Counsel to Vossloh Nordic Switch Systems AB

Parties

Alder Fund I AB (Buyer); Gasmet Technologies Oy (Seller); the business of Gasmet Technologies Oy (Target)

Transaction

Alder’s acquisition of the business of Gasmet Technologies Oy from Gasmet Technologies Oy

Deal Value

Value not public

Role

Counsel to Alder Fund I AB

Parties

Metso Oyj (Seller) and Valmet Oyj (Buyer)

Transaction

Valmet Oyj’s acquisition of the process automation systems business from Metso Oyj

Deal Value

EUR 340 million

Role

Counsel to Valmet Oyj

• Ranked Tier 2
• "The team’s cooperation is flexible and dealings proceed smoothly with all team members. Everyone has very good skills and we have received high-quality statements from everyone."
• "Problem solving advice, compact and precise."

• “The team has a good understanding of the customer's needs and challenges.”
• “Hannes Snellman provides a high-quality service with quick delivery.”

• "Won an important court case for us. Also, supported us in a complicated M&A situation. Works efficiently and with high quality."
• "Anders Bygglin and Johanan Haltia-Tapio are excellent."

• "Hannes Snellman are collaborative and providefast and precise responses."

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• "A market source asserts: 'Hannes Snellman are professional, quick and get solutions.'"

• ‘Johanna Haltia-Tapio is very pragmatic, responsive and provides business-minded advice.’
• ‘Johanna Haltia-Tapio is our go-to partner in any HR / employment law related questions. She is fast, has vast knowledge and is able to balance both the legal aspects of any case and the human aspect.’
• ‘The team is responsive, experienced and creative in the solution considerations.’
• ‘Sublime service from the Employment team and their partner Anders Bygglin in particular. Anders has very in-depth knowledge of litigation in his field and great understanding of the Finnish Employment legislation. They handled a very complex Employment dispute for my company and excelled in it.’

• Clients praise the lawyers’ “good service, quick answers and clear advice,” before adding: “They are easy to deal with.”

• ‘A strong team of experts in all relevant areas.’ 
• ‘They are 100% professionals knowing the subject and its cases thoroughly in Finland and also in other Nordic countries. The service level is exceptional – response times are really quick.’
• ‘They have thorough knowledge and competence. They are great people to work with. Their suggestions are well grounded and take into notice the customer’s situation. Their response time is exceptionally short.’

• 'One client praises the team's "flawless execution and good level of responsiveness."'
• '"They work diligently and they do very clever and technical work - that is their strength."'

• 'The team stands out for being a "service-oriented practice"'

• 'Clients highlight the team for its "quality of advice, speed of response and solution-orientation."'
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• 'The ‘excellent’ service from Hannes Snellman’s employment team includes ‘quality advice and rapid response times’'.

• 'Clients praise the "solution-oriented" team's "quality of output and speed of response."
• ‘A second source adds that the lawyers are "easily reachable and very flexible."'

• 'One client was particularly impressed by the lawyers' outlook, saying: "I liked their attitude. They were really client-oriented."'

• 'Respected practice noted for its expertise in the employment aspects of major M&A transactions. "The firm has good specialists and a good reputation. You can rely on them and they're easy to work with."’

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