Hannes Snellman is consistently ranked as one of the top M&A advisers in the Nordic region. With a team of some 50 lawyers we provide advice and support on all types of transactions, including acquisitions, divestments, joint ventures, group restructurings, and venture investments. In addition, we are preeminent in the area of private equity transactions and fund formation. We work closely with our specialists in banking and finance, competition law, real estate, environmental law, employment law, intellectual property law, IT law, litigation, and tax to provide the Firm’s clients with a seamless service.
References
Parties
BHM Renewables, Conquest, Winda Energy
Transaction
Counsel to BHM Renewables in the Sale of 182 MW Finnish Onshore Wind Portfolio to Conquest
Deal value
Value not public, but the transaction represents an expected phased total investment of approximately 1 billion euros
Role
Counsel to BHM Renewables
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
Transaction
Counsel to YIT Oyj in relation to its EUR 33.5 million directed share issue, its issue of EUR 36 million convertible notes and certain amendments to its EUR 300 million revolving credit facility agreement with Nordea, Danske Bank, LähiTapiola, OP Corporate Bank, SEB, and Swedbank and its EUR 140 million term loan facility agreement with OP Corporate Bank, SEB, and Swedbank.
Role
Counsel to YIT Oyj
Parties
Bunzl (Buyer), Pamark Group Oy (Seller), Pamark Business (Target)
Transaction
Counsel to Bunzl, the specialist international distribution and services group listed on the London Stock Exchange, in its acquisition of Pamark, one of the leading distributors in Finland in the healthcare, cleaning and HoReCa product segments.
Deal Value
Value not public
Role
Counsel to Bunzl
Acted as counsel to ETS, in its purchase of PSI Services, a leading provider of assessment solutions for the licensing and certification markets.
Parties
KWC Group AG (Seller), KWC Nordics Oy (Target), Alumbra Group AB (Buyer)
Transaction
The sale by Equistone’s portfolio company KWC Group AG of its Finnish subsidiary KWC Nordics Oy, a premium manufacturer, seller and distributor of medical washers, disinfectors and bed pan washers, drying cabinets, sterilizers and large-scale washers for clinics and hospitals, to Alumbra Group AB.
Deal Value
Value not public
Role
Counsel to KWC Group AG
Parties
Oy Matkahuolto Ab (Buyer), Smartmile (Seller)
Transaction
Oy Matkahuolto Ab's acquisition of Smartmile’s entire network of 148 parcel lockers in Finland.
Deal Value
Value not public
Role
Counsel to Oy Matkahuolto Ab
Parties
YIT Oyj (Seller), Renta Oy (Buyer), YIT Kalusto Oy (Target)
Transaction
Sale of fleet and equipment business and related arrangements
Deal Value
EUR 37 million
Role
Counsel to YIT
Parties:
Nordea Bank Abp (JV shareholder), OP Osuuskunta (JV shareholder), Siirto Brand Oy (JV)
Transaction:
Expansion of the operations of Nordea Bank and OP’s 50/50 owned joint venture company, Siirto Brand Oy
Deal Value:
Value not public
Role:
Joint counsel to all parties
Parties:
Lagercrantz Group (buyer), Nordic Road Safety (target)
Transaction:
Lagercrantz Group's acquisition of 85% of the shares in Nordic Road Safety AB (NRS).
Deal value:
Value not public
Role:
Counsel to Lagercrantz Group in the Acquisition of Nordic Road Safety
Hannes Snellman acted as counsel to the founders in their divestment of Vourity, a cloud-based platform for unattended payments (for example payments for electric vehicle charging) and other unattended sales and access control solutions, to ABB E-mobility, a global leader in electric vehicle charging solutions.
Counsel to lead investor, Highland Europe, in its investment in Wirepas Oy
Deal value:
Approx. EUR 20 million
Role:
Counsel to Highland Europe
Hannes Snellman acted as counsel to Oriola Oyj (“Oriola”) in the sale of Svensk dos AB to Apotekstjänst Sverige AB. The agreed sale price in cash is SEK 110 million, and Oriola will through the transaction exit the dose dispensing business in Sweden.
Parties
If Livförsäkring AB (Buyer), Mandatum Life (Seller)
Transaction
If Livförsäkring AB's acquisition of a life insurance portfolio from Mandatum Life
Deal Value
EUR 17.5 million
Role
Counsel to If Livförsäkring AB
Parties:
Vitec Software Group AB (publ), Codea Oy
Transaction:
Vitec’s agreement to acquire all shares in the Finnish software company Codea Oy
Deal value:
Value not public
Role:
Counsel to Vitec Software Group AB (publ)
Parties:
Icopal Entreprenad AB, Takrekond i Småland AB and Soltech Energy Sweden AB (publ)
Transaction:
Counsel to Soltech Energy Sweden AB (publ) and Takrekond Småland AB in the acquisition of Icopal Entreprenad AB’s business in Helsingborg
Deal value:
Value not public
Role:
Counsel to Soltech Energy Sweden AB (publ) and Takrekond Småland AB
Parties:
Recover Group (Seller), Mutares Holding-69 GmbH (Buyer), Recover Nordic Oy (Target)
Transaction:
Divestment of Recover Nordic Oy
Deal value:
Value not public
Role:
Counsel to Recover Group
Parties:
Masco Corporation (Buyer), Nordic Mezzanine and other Sauna360 Group Oy’s shareholders (Sellers), Sauna360 Group Oy (Target)
Transaction:
Acquisition of Sauna360 Group Oy
Deal value:
Value not public
Role:
Finnish and Swedish Counsel to Masco Corporation
Parties:
SEB Private Equity, VaccinDirekt.
Transaction:
Counsel to SEB Private Equity in Its Divestment of VaccinDirekt
Hannes Snellman acted as counsel to Vaaka Partners in the investment in Fluxio Isännöinti
Deal value:
Value not public
Role:
Counsel to Vaaka Partners
Parties:
Fluxio Isännöinti, Aamu Isännöinti
Transaction:
Hannes Snellman acted as counsel to Fluxio Isännöinti in the merger of Fluxio Isännöinti and Emännöintoimisto Aamu
Deal value:
Value not public
Role:
Counsel to Fluxio Isännöinti
Parties:
SULO Group, (Buyer), Molok Group Oy (Target)
Transaction:
Hannes Snellman counsel to SULO Group, a global waste management leader, in its acquisition of Molok Group Oy from Vaaka Partners.
Deal value:
Value not public
Role:
Counsel to SULO Group
Parties:
OP Suomi Infra Ky, (investor), Aurora Infrastructure (target), Equitix (majority owner)
Transaction:
Hannes Snellman acted as counsel to OP Suomi Infra Ky in their minority investment in Aurora Infrastructure
Deal value:
Value not public
Role:
Counsel to OP Suomi Infra Ky
Parties:
Tokmanni (Buyer), Dollarstore (Target)
Transaction:
Counsel to Tokmanni in its acquisition of the Swedish discount retail chain Dollarstore
Deal value:
SEK 2,028.0 million
Role:
Counsel to Tokmanni
Parties:
Silo AI (Buyer), Combient Mix (Target)
Transaction:
Counsel to Altor backed Silo AI, one of Europe’s largest private AI labs, in the acquisition of Combient Mix.
Deal value:
Value not public
Role:
Counsel to Silo AI
Parties:
Otava Ltd, Alma Media Corporation
Transaction:
Otava Ltd's mandatory public tender offer for Alma Media Corporation
Deal value:
EUR 523.7 million
Role:
Counsel to Otava Ltd
Parties:
Vitec Software Group AB (publ), Neagen Oy
Transaction:
Vitec’s agreement to acquire all shares in the Finnish software company Neagen Oy
Value:
Value not public
Role:
Counsel to Vitec Software Group AB (publ)
Parties:
Terveystalo Plc
Transaction:
Counsel to Terveystalo Plc, a healthcare service provider listed on Nasdaq Helsinki, in the issue and listing of senior unsecured sustainability-linked notes.
Value:
EUR 100 million
Role:
Counsel to Terveystalo Plc
Parties:
Uponor Corporation (target), Georg Fischer Ltd (buyer)
Transaction:
Counsel to Uponor Corporation in the recommended public cash tender offer by Georg Fischer Ltd to purchase all of the issued and outstanding shares of Uponor Corporation.
Value:
EUR 2.1 billion
Role:
Counsel to Uponor Corporation
Parties:
Thome Group, OSM Maritime Group
Transaction:
Merger of Thome Group and OSM Maritime Group
Value:
Value not public
Role:
Finnish counsel to Thome Group Holding Limited
Parties:
Infranode, MPY Telecom Oyj
Transaction:
Infranode’s acquisition of MPY Telecom Oyj
Role:
Counsel to Infranode
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
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
Parties
ScandiNova Systems AB (buyer) and International Electric Company Oy (target).
Transaction
Counsel to ScandiNova Systems AB in its acquisition of majority of shares in International Electric Company Oy, the provider of subsystems and precision instruments for the global health care, scientific and industrial markets.
Deal Value
Value not public
Role
Counsel to ScandiNova Systems AB (buyer)
Parties:
Rebellion, Vihtan Oy
Transaction:
The acquisition of Vihtan Oy, a leading manufacturer of shower screens and glass doors, marked Rebellion’s establishment in Finland.
Deal Value:
Value not public
Role:
Counsel to Rebellion
Parties:
Methode Electronics, Inc., Nordic Lights Group Corporation
Transaction:
Methode Electronics, Inc.'s recommended public cash tender offer for all shares in Nordic Lights Group Corporation
Deal Value:
EUR 132 million
Role:
Counsel to Methode Electronics, Inc.
Parties
Citycon Oyj
Transaction
Counsel to Citycon Oyj in its tender offers of outstanding notes due 2024 of Citycon Treasury B.V. and capital securities issued by it in November 2019 and June 2021.
Deal value
Over EUR 40 million
Role
Counsel to Citycon Oyj
Parties
Nordic Metal Holdings (Buyer), Alumeco Group (Target)
Transaction
Hannes Snellman advised Nordic Metal Holdings in its acquisition of Alumeco Group, a metal wholesaler primarily within aluminum.
Deal Value
Value not public
Role
Counsel to Nordic Metal Holdings
Parties:
Trill Impact, Raksystems
Transaction:
Counsel to Trill Impact in the acquisition of Raksystems
Deal value:
Value not public
Role:
Counsel to Trill Impact
Parties
A consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital (buyer), Caverion Oyj (Target)
Transaction
Counsel to the offeror consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital in the recommended public cash tender offer for all shares in Caverion Oyj.
Deal value
EUR 955 million
Role
Counsel to the offeror consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital
Parties:
Cargotec Corporation, Konecranes Plc
Transaction:
The announced, but subsequently abandoned, merger of Cargotec and Konecranes in 2021-2022
Deal value:
Approx. EUR 2.7 billion
Role:
Counsel to Konecranes Plc
Parties: Vitec Software Group AB (publ), Oy Raisoft Ltd
Transaction Vitec’s acquisition of all shares in Oy Raisoft Ltd
Deal Value Value not public
Role Counsel to Vitec Software Group AB (publ)
Parties
The German State (Buyer), Fortum Oyj (Seller), Uniper SE (Target)
Transaction
Fortum Oyj’s arrangements related to stabilisation of its German subsidiary Uniper SE. The package will ensure multi-billion funding for Uniper, sale of Fortum’s shareholding in Uniper to the German State for approximately EUR 0.5 billion as well as repayment of Fortum’s EUR 4 billion receivables from Uniper and release of EUR 4 billion parent company guarantees.
Deal value
Approx. EUR 4.5 billion
Role
Finnish counsel to Fortum Oyj
Parties
Varjo Technologies Oy, several new and existing investors including Volvo Car Tech Fund, EQT Ventures, Atomico, Mirabaud and Foxconn.
Transaction
Counsel to Volvo Car Tech Fund and certain other lead investors in Varjo Technologies Oy’s EUR 41 million funding round.
Deal Value
EUR 41 million
Role
Counsel to Volvo Car Tech Fund and certain other lead investors
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
Parties
PharmaLex Group (buyer), DRA Consulting Oy (target)
Transaction
Counsel to PharmaLex Group in the acquisition of DRA Consulting Oy
Deal Value
Value not public
Role
Counsel to PharmaLex Group
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:
Vaaka Partners (buyer), Medbase and it respective owners (sellers)
Transaction:
Counsel to Vaaka Partners in its acquisition of majority of share capital in Medbase
Deal Value:
Value not public
Role:
Counsel to Vaaka Partners
Parties:
Duunitori Oy and its owners (seller), Intera Partners (buyer)
Transaction:
Counsel to Duunitori Oy and its owners in the sale of majority of Duunitori’s share capital to Intera Partners
Deal Value:
Value not public
Role:
Counsel to Duunitori Oy
Parties
Stora Enso Oyj, UPM-Kymmene Group, Metsä Group, Sonoco-Alcore, other sellers (Sellers), Stena Recycling Oy (Buyer), Encore Ympäristöpalvelut Oy (Target)
Transaction
Sale of Encore Ympäristöpalvelut Oy to Stena Recycling Oy
Deal Value
Value not public
Role
Counsel to Stora Enso Oyj, UPM-Kymmene Group, Metsä Group, Sonoco-Alcore, and other sellers
Parties
Remeo Holding II Oy (buyer), Delete Finland Oy (seller), Delete Ympäristöpalvelut Oy (target)
Transaction
Counsel to Remeo in its acquisition of Delete Ympäristöpalvelut Oy, a Finland-based environmental and recycling services provider.
Deal Value
Value not public
Role
Counsel to Remeo
Parties:
Esperi Care (target), Danske Bank, SEB, and Ilmarinen (majority owners), Triton (buyer)
Transaction:
Counsel to Esperi Care and its majority owners Danske Bank, SEB, and Ilmarinen in the acquisition of the majority of Esperi Care’s shares by Triton Smaller Mid Cap Fund II advised by Triton.
Deal Value:
Value not public.
Role:
Counsel to Esperi Care and its majority owners
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
Parties
Silo AI Oy, Altor Equity Partners
Transaction
Counsel to the artificial intelligence company Silo AI Oy in Altor Equity Partners’ investment in the company.
Deal Value
Value not public
Role
Counsel to Silo AI Oy
Parties
Huuva Oy, several new and existing investors including General Catalyst Group and Lifeline Ventures.
Transaction
Counsel to Huuva Oy, a Helsinki-based food delivery company, on its EUR 5 million financing round.
Deal Value
EUR 5 million
Role
Counsel to Huuva Oy
Parties:
Equip Capital, Vendis Capital, Mountain Village
Transaction:
Equip Capital's and Vendis Capital's investment for the of majority of shares in Mountain Village, a leading European producer and group of disc golf brands to create the House of Discs
Deal Value:
Value not public
Role:
Counsel to Equip Capital and Vendis Capital
Parties
SARC Architects Oy (seller), CapMan Buyout (buyer)
Deal
CapMan Buyout’s investment in award-winning Finnish architectural firm SARC Architects
Deal Value
Value not public
Role
Counsel to SARC Architects Oy
Parties:
Ahlström Capital BV and Nidoco AB (buyers), Ahlstrom-Munksjö (seller), Decor Solutions business area (target)
Transaction:
The buying consortium comprising Ahlström Capital BV and Nidoco AB, in the investment in the majority share of Ahlstrom-Munksjö’s Decor Solutions business area.
Deal Value:
Value not public
Role:
Counsel to the buying consortium (Ahlström Capital BV and Nidoco AB)
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
Digital 9 Infrastructure plc (Buyer), Pontos Oy, Taaleri Datacenter Ky, other sellers (Sellers), Ficolo Oy (Target)
Transaction
Sale of Ficolo Oy to Digital 9 Infrastructure plc
Deal Value
EUR 135 million
Role
Counsel to Pontos Oy, Taaleri Datacenter Ky, and other sellers
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
Blossom Capital (lead investor), Maki.vc, Brightly Ventures and other co-investors, Zevoy Aktiebolag (target).
Transaction
Counsel to the lead investor Blossom Capital in the EUR 15 million series A funding round of Zevoy Aktiebolag, a Finland-based expense management solutions provider.
Deal Value
EUR 15 million
Role
Counsel to Blossom Capital
Parties
Paulig Group (seller), Valio (buyer), Gold&Green brand, intellectual property and R&D function (target)
Transaction
The divestment of Paulig’s Gold&Green brand, intellectual property and R&D function to Valio
Deal Value
Value not public
Role
Counsel to Paulig Group
Parties
Mecenat AB (Buyer), shareholders of Oy Frank Students Ab (Sellers), Oy Frank Students Ab (Target)
Transaction
Counsel to Mecenat, a portfolio company of IK Partners, in its add-on acquisition of Oy Frank Students Ab, a company known for its leading student identification and discount app Frank
Deal Value
Value not public
Role
Mecenat AB and IK Partners
Parties
IK Partners (Buyer), Intera Fund II Ky, Intera Fund III Ky, management and other minority shareholders (Sellers), Renta Group Oy (Target)
Transaction
Intera Partners’ sale of Renta Group Oy to IK Partners
Deal Value
Value not public
Role
Counsel to Intera Partners
Parties
Angel Pond Holdings Corporation, MariaDB Corporation Ab
Transaction
Combination of Angel Pond Holdings Corporation and MariaDB Corporation Ab by way of a domestication merger and cross-border merger, and related transactions
Deal Value
USD 672 million (implied enterprise value of the combined company)
Role
Finnish counsel to Angel Pond Holdings Corporation
Parties
Smartly.io (Buyer), Ad-Lib.io (Target) and various sellers
Transaction
Acquisition of Ad-Lib.io, the next-generation creative optimization platform, by Smartly.io, the leading social advertising SaaS platform for creative and performance marketers.
Deal Value
Value not public
Role
Finnish counsel to Smartly.io
Parties
Tencent (Investor), Vitruvian Partners (Co-Investor), Enfuce Financial Services Oy (Target)
Transaction
Counsel to Tencent in its further investment in Enfuce Financial Services, a leading European Card-as-a-Service (CaaS) platform for modern card issuing and processing, in connection with a EUR 45 million Series C investment round
Deal Value
EUR 45 million
Role
Counsel to Tencent
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
EUR 18.5 million
Role
Counsel to Enersense International
Parties
Enersense International Oyj
Transaction
Counsel to Enersense International Oyj in its equity investment in and primary partnership arrangement with P2X Solutions Oy
Deal Value
Value not public
Role
Counsel to Enersense International
Parties
Staffbase GmbH, Valo Solutions Oy
Transaction
Staffbase’s acquisition of Valo Solutions, the Finnish-based leading provider of intranets and workplace solutions.
Deal Value
Value not public
Role
Counsel to Staffbase GmbH
Parties
Suomen Avustajapalvelut, CapMan Growth
Transaction
Suomen Avustajapalvelut and its founders' sale of a minority stake to CapMan Growth
Deal Value
Value not public
Role
Counsel to Suomen Avustajapalvelut
Parties:
Intera Partners (buyer), Aihio Arkkitehdit, Arkkitehdit Soini & Horto and Cederqvist & Jäntti Arkkitehdit and their respective owners (sellers)
Transaction:
Counsel to Intera Partners and in the creation of Arco Architecture through acquisitions of Aihio Arkkitehdit, Arkkitehdit Soini & Horto sekä Cederqvist & Jäntti Arkkitehdit
Deal Value:
Value not public
Role:
Counsel to Intera Partners
Parties
Citycon Oyj
Transaction
Citycon Oyj’s repurchase of a total amount of 9,500,000 own shares for a total purchase price of EUR 65.8 million as a result of a market based reverse accelerated bookbuild process
Deal Value
EUR 65.8 million
Role
Counsel to Citycon Oyj
Parties
NEP Group, Inc. (a Carlyle Group portfolio company), Bright Group Oy (funds managed by CapMan Buyout)
Transaction
Counsel to global event technology leader NEP Group, Inc., a Carlyle Group portfolio company, in the acquisition of Bright Group, a 360 supplier of live event services in Northern Europe with presence in Finland, Sweden, and Norway.
Deal Value
Value not public
Role
Counsel to NEP Group, Inc. (a Carlyle Group portfolio company)
Parties
Tosibox Oy, Nexit Ventures and its partner 3TS Capital Partners
Transaction
Counsel to Tosibox Oy, a provider of operational technology networking platforms for enterprises and organisations, in raising new equity funding from Nexit Ventures and its partner 3TS Capital Partners.
Deal Value
EUR 5 million
Role
Counsel to Tosibox Oy
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
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
BlackRock Real Assets (Buyer), Green Horizon Renewables a.s. and other minority investors (Sellers), Mikana portfolio (Target)
Transaction
BlackRock Real Assets’ acquisition of the Mikana portfolio, which consists of an existing operational project of 20 MW and four wind development projects with a capacity of 200 MW, from Green Horizon Renewables a.s. and other minority investors
Deal Value
Value not public
Role
Counsel to Green Horizon Renewables a.s. and other minority investors
Parties
Mindray (Buyer), HyTest Invest Oy (Target), Summa Equity and other shareholders (Sellers).
Transaction
Sale of HyTest, a Finland-based leading developer and producer of high-performance antibodies and antigens, to Mindray, a leading global medical technology company.
Deal Value
Estimated approx. EUR 545 million.
Role
Finnish counsel to Mindray
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
Landis+Gyr (Buyer), Telia Finland (Seller), Telia AMR Business (Target)
Transaction
Telia Finland’s sale of Telia AMR Business to Landis+Gyr
Deal Value
Value not public
Role
Counsel to Telia Finland (Seller)
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
KONE Corporation, Motala Hissar AB, Aritco Group AB
Transaction
Counsel to global elevator and escalator provider KONE Corporation and its subsidiary KONE Aktiebolag in the divestment of Motala Hissar AB to Aritco Group AB, a wholly-owned subsidiary of Investment AB Latour (publ).
Deal Value
Value not public
Role
Counsel to KONE Corporation
Parties
Sitowise Group Oyj, Infracontrol AB
Transaction
Sitowise Group Oyj’s acquisition of Infracontrol AB
Deal Value
Value not public
Role
Counsel to Sitowise
Parties
Infinited Fiber Company Oy, several new and existing investors including H&M Group, Adidas, Invest FWD A/S, Security Trading Oy, Nidoco AB, and Sateri.
Transaction
Counsel to Infinited Fiber Company Oy, a Finland-based circular fashion and textile technology company, on its EUR 30 million financing round.
Deal Value
EUR 30 million
Role
Counsel to Infinited Fiber Company Oy
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
Castellum, Kielo, Blackstone Tactical Opportunities, Brunswick Real Estate.
Transaction
Hannes Snellman acted as counsel to Castellum in its acquisition of property company Kielo from Blackstone Tactical Opportunities and Brunswick Real Estate.
Deal Value
EUR 640 million
Role
Counsel to Castellum
Parties
Terveystalo Plc, Terveystalo Healthcare Oy, Feelgood Svenska AB (publ)
Transaction
Hannes Snellman advised Terveystalo on its acquisition of 72 percent of the shares and recommended mandatory takeover offer for Feelgood Svenska AB (publ)
Deal Value
SEK 606 million / EUR 60 million
Role
Counsel Terveystalo Plc and Terveystalo Healthcare Oy
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
Cerberus, Koch, and PQ Performance Chemicals
Transaction
Cerberus and Koch to Acquire PQ Performance Chemicals
Deal Value
The purchase price amounted to approximately USD 1.1 billion
Role
Finnish counsel to Cerberus and Koch
Parties
AMF Pensionsförsäkring AB (Buyer), Keva (Seller), Caruna (Target)
Transaction
AMF Pensionsförsäkring AB’s acquisition of a 12.5% minority stake in Caruna from Keva
Oy Linde Gas Ab (Buyer), Neste Markkinointi Oy (Seller), Neste’s cylinder gas business and stake in Oy Innogas Ab (Targets)
Transaction
Oy Linde Gas Ab’s acquisition of Neste Markkinointi Oy’s cylinder gas business and Neste Markkinointi Oy's stake in Oy Innogas Ab, a provider of LPG cylinder filling, requalification and logistics services.
Value
Value not public
Role
Counsel to Oy Linde Gas Ab
Parties
Mayr-Melnhof Cartonboard International GmbH, Kotkamills Group Oyj
Transaction
Mayr-Melnhof Cartonboard International GmbH's acquisition of Kotkamills Group Oyj
Deal Value
Approx. EUR 425 million
Role
Counsel to Mayr-Melnhof Cartonboard International GmbH
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
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:
Vaaka Partners (buyer), A-Insinöörit and their respective owners (sellers)
Transaction:
Counsel to Vaaka Partners in its acquisition of majority of share capital in A-Insinöörit
Deal Value:
Value not public
Role:
Counsel to Vaaka Partners
Parties
Valmet Corporation, Alfa Laval AB, Neles Corporation
Transaction
Counsel to Valmet Corporation in the EUR 1.73 bn public tender offer dated 13 July 2020 by Alfa Laval AB for all shares in Neles Corporation and the subsequent increase by Valmet of its shareholding in Neles to 29.5 %. Alfa Laval decided not to complete its offer on 3 November 2020.
Deal Value
EUR 1.73 billion
Role
Counsel to Valmet Corporation
Parties
Volati (Buyer), Pisla Group Oy (Seller), Pisla Oy (Target)
Transaction
Volati's acquisition of Pisla Oy from Pisla Group Oy
Deal Value
Value not public
Role
Counsel to Volati
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
Parties
Enersense International Oyj, Empower Group, Empower Oyj
Transaction
Enersense International’s acquisition of the entire share capital of Empower, the Finnish energy and construction services supplier.
Deal Value
Value not public
Role
Counsel to Empower Oyj and the sellers
Parties
YIT Corporation, OP-Rental Yield
Transaction
YIT and OP-Rental Yield entered into an agreement to establish a joint venture company for housing investments
Deal value
EUR 130 million
Role
Counsel to YIT Corporation
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
Valmet Oyj (Buyer), Solidium Oyj (Seller)
Transaction
Counsel to Valmet Oyj in the acquisition of future Neles Corporation from Solidium Oy, representing 14.88% of all Neles’ shares and votes.
Deal Value
EUR 179 million
Role
Counsel to Valmet Oyj
Parties
Verkkokauppa.com Oyj
Transaction
Verkkokauppa.com Oyj's listing on the official list of Nasdaq Helsinki on 5 June 2020
Deal Value
Value not public
Role
Counsel to Verkkokauppa.com Oyj
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
Parties
ABB and Hitachi
Transaction
Sale of ABB's Power Grids business to Hitachi
Deal Value
Enterprise Value of USD 11 billion for 100% of Power Grids
Role
Finnish Counsel to ABB
Parties
ABB and FIMER S.p.A
Transaction
Sale of ABB's solar inverter business to FIMER S.p.A
Deal Value
Value not public
Role
Finnish Counsel to ABB
Parties
Sanoma Group (Buyer), Alma Media Corporation (Seller), Alma Media Kustannus Oy and Alma Manu Oy (Targets)
Transaction
Sanoma Group’s acquisition of Alma Media’s regional news media business
Deal Value
EUR 115 million (announced enterprise value)
Role
Counsel to Sanoma Group
Parties
Quest Diagnostics Incorporated (Buyer), Shareholders of Blueprint Oy (Sellers), Blueprint Genetics Oy (Target)
Transaction
The sale of Blueprint Genetics’ entire share capital to Quest Diagnostics
Deal Value
Value not public
Role
Counsel to Blueprint Genetics and its owners
Parties
Smartly.io Solutions Oy and its owners, Providence Equity Partners
Transaction
Counsel to Smartly.io and its owners in the sale of a majority stake to Providence Equity Partners
Deal Value
EUR 200 million
Role
Counsel to Smartly.io Solutions Oy and its owners
Parties
EQT Fund VIII (Buyer), Agilitas Private Equity and other shareholders (Sellers), Recover Nordic (Target)
Transaction
EQT’s acquisition of Recover Nordic
Deal Value
Value not public
Role
Finnish counsel to EQT Fund VIII
Parties
Sentica Partners (Seller), Adelis Equity Partners (Buyer), Ropo Capital (Target)
Transaction
Sale of Ropo Capital
Deal Value
Value not public
Role
Counsel to Sentica Partners
Parties
FSN Capital, eCraft, Orango, Fellowmind
Transaction
Fellowmind, eCraft and Orango merge to create European Microsoft Business Applications platform
Deal Value
Value not public
Role
Counsel to eCraft and its owners
Parties
Vitrulan Composites Oy (Buyer); Ahlstrom-Munksjö Oyj (Seller); Glass fiber reinforcement business (Target)
Transaction
Ahlstrom-Munksjö has agreed to sell its glass fiber reinforcement business in Mikkeli, Finland, to Vitrulan Composites Oy
Deal Value
EUR 6.5 million
Role
Counsel to Ahlstrom-Munksjö Oyj
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
Marrone Bio Innovations, Inc. (Buyer), shareholders of Pro Farm Technologies Oy (Sellers), Pro Farm Technologies Oy (Target)
Transaction
Marrone Bio Innovations, Inc., an international leader in sustainable bioprotection and plant health solutions, acquired Pro Farm Technologies Oy, a Finnish agriculture technology company supplying nutrient and biostimulant technology and products
Deal Value
USD 31.8 million
Role
Counsel to Marrone Bio Innovations, Inc.
Parties
Verdane, CAP-Group
Transaction
Verdane's acquisition of CAP-Group, Finland’s largest driving school and a pioneer of simulator-based training for consumers and professionals.
Deal Value
Value not public
Role
Counsel to Verdane
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
Tieto Corporation, EVRY ASA
Transaction
The combination of Tieto and EVRY through a cross-border merger
Deal Value
Value not public
Role
Counsel to EVRY ASA
Parties
Francisco Partners & SmartBear Software Inc. (Buyers), Bitbar Technologies Oy (Target)
Transaction
SmartBear's acquisition of Bitbar Technologies
Deal Value
Value not public
Role
Counsel to Francisco Partners backed SmartBear
Parties
Vaaka Partners, Lyyti
Transaction
Vaaka Partners' acquisition of Lyyti
Deal Value
Value not public
Role
Counsel to Vaaka Partners
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
Ramirent Plc, Loxam S.A.S.
Transaction
Recommended public cash tender offer for Ramirent Plc by Loxam S.A.S.
Deal Value
EUR 970 million
Role
Counsel to Ramirent Plc
Parties
Ilmarinen Mutual Pension Insurance Company, Kesko Corporation, Kesko Pension Fund, Kruunuvuoren Satama Oy
Transaction
A series of transactions, whereby Ilmarinen, Kesko, and Kesko Pension Fund, among other things, dissolve their joint ownership of Kruunuvuoren Satama and Ilmarinen acquires all 3,438,885 Kesko A shares held by Kruunuvuoren Satama.
Deal Value
EUR 164 million
Role
Counsel to Ilmarinen Mutual Pension Insurance Company, Kesko Corporation, Kesko Pension Fund, and Kruunuvuoren Satama Oy
Parties
Byggnadstekniska Byrån Sverige AB (Target), Sitowise Holding AB (Buyer), Byggnadstekniska Byrån Mosebacke AB (Seller)
Transaction
Intera Partners backed Sitowise Oy in the Acquisition of Byggnadstekniska Byrån Sverige AB
Deal Value
Value not public
Role
Counsel to Intera Partners
Parties
Funds managed by Sentica Partners Oy (Buyer), Mikael Swanljung and his family (Sellers), Picnic Finland Oy, Europicnic Oy and La Torrefazione Oy (Targets)
Transaction
Sentica Partners’ acquisition of majority ownership in Picnic Company Group from Mikael Swanljung and his family
Counsel to Cherry Ventures Management GmbH in its investment and purchase of shares in Chief Chief Technologies Oy/Speechgrinder, a developer of voice technology software and application programming interface
Deal Value
Value not public
Role
Counsel to Cherry Ventures Management GmbH
Parties
Glaston Corporation (Buyer), Conzzeta AG (Seller), Bystronic Maschinen AG, Bystronic Lenhardt GmbH and their subsidiaries (Targets)
Transaction
Glaston Corporation’s acquisition of Bystronic Glass and refinancing of Glaston
Deal Value
EUR 68 million
Role
Counsel to Glaston Corporation
Parties
BVB Substrates B.V. and its owners, Vapo Oy and Kekkilä Oy
Transaction
Joint venture by combining BVB Substrates B.V. and Kekkilä Oy to form Kekkilä-BVB Oy, a leading horticultural substrate company in Europe in the market for professional growers and home gardeners
Deal Value
Value not public
Role
Counsel to BVB Substrates B.V. and its owners
Parties
City of Espoo
Transaction
PPP school project which involves building several new schools over two to four years and maintaining them for approx. 20 years.
Deal Value
Estimated value in excess of EUR 100 million
Role
Counsel to the City of Espoo
Parties
Precast Holding Oy (Buyer), Elematic HoldCo Oy (Seller), Elematic Oyj (Target), Nordic Trustee (as bonds trustee appointed by Elematic’s
Transaction
Restructuring of ownership and financing structure of Elematic Oyj
Deal Value
Value not public
Role
Counsel to Nordic Trustee
Parties
Telia Company (Buyer), AinaGroup Oyj (Seller), AinaCom Oy (Target)
Transaction
Telia Company’s acquisition of AinaCom Oy from AinaGroup Oyj
Deal Value
Value not public
Role
Counsel to Telia Company
Parties
Mimir Invest (Buyer), Caverion (Seller), Project piping & tank business and the related Ylivieska workshop (Targets)
Transaction
Caverion’s sale of project piping & tank business and the related Ylivieska workshop of the Industrial Solutions division.
Deal Value
Value not public
Role
Counsel to Caverion
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
Jarkir Oy (Seller), Partnera Oy (Buyer), Suomen Teollisuussijoitus Oy (Buyer), Uusioaines Oy (Target)
Transaction
Jarkir's sale of Uusioaines to Partnera and Tesi
Deal Value
EUR 19,8 million
Role
Counsel to Seller Jarkir Oy
Parties
Vaaka Partners, Framery
Transaction
Vaaka Partners' acquisition of Framery
Deal Value
Value not public
Role
Counsel Vaaka Partners
Parties
Commonwealth Bank (Seller), Colonial First State Global Asset Management (Target), Mitsubishi UFJ Trust and Banking Corporation (Buyer)
Transaction
Commonwealth Bank's sale of its global asset management business, Colonial First State Global Asset Management (CFSGAM), to Mitsubishi UFJ Trust and Banking Corporation
Deal Value
AUD 4.1 billion
Role
Counsel to Commonwealth Bank
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
Qingdao Sifang SRI Intellectual Technology Co. Ltd. (Buyer), Beneq Oy and its shareholders (Sellers), Beneq Oy (Target)
Transaction
The sale of Beneq Oy to Qingdao Sifang SRI Intellectual Technology Co. Ltd.
Deal Value
Value not public
Role
Counsel to Beneq Oy and its shareholders
Parties
AtoB@C Shipping AB (Target), Aspo Plc (Bidder) Anders Nilsson (Private Investor)(Seller)
Transaction
Aspo Plc has agreed to acquire AtoB@C Shipping AB from Anders Nilsson (Private investor).
Deal Value
EUR 30 million
Role
Counsel to Aspo Plc
Parties
ABB (Buyer), General Electric Company (Seller), GE Industrial Solutions (Target)
Transaction
ABB’s acquisition of GE Industrial Solutions, GE’s global electrification solutions business.
Deal Value
USD 2.6 billion
Role
Finnish counsel to ABB
Parties
Ahlstrom-Munksjö (Buyer), Expera Specialty Solutions (Target), KPS Capital Partners (Seller)
Transaction
Ahlstrom-Munksjö’s acquisition of Expera Specialty Solutions, a U.S.-based specialty paper producer
Deal Value
USD 615 million
Role
Counsel to Ahlstrom-Munksjö
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
Biovian Oy (Target), Keensight Capital (Bidder)
Transaction
Keensight Capital’s acquisition of a majority stake in Biovian, a leading European player in contract manufacturing and development of biopharmaceuticals
Deal Value
Value not public
Role
Counsel to Biovian Oy and founding shareholders
Parties
CapMan Infra (Bidder), Elenia Group (Target)
Transaction
CapMan Infra signed to invest in Elenia, a leading Finnish electricity network and district heat company
Deal Value
EUR 70 million
Role
Counsel to CapMan Infra
Parties
CVC Capital Partners, LocalTapiola, Varma, Ilmarinen, Mehiläinen management (Buyers), Mehiläinen Oy (Target), Kohlberg Kravis Roberts & Co. L.P., Triton Partners (Sellers)
Transaction
LocalTapiola's co-investment with CVC Capital Partners, Varma and Ilmarinen to Mehiläinen Oy, a leading Finnish private health- and social care provider
Deal Value
Value not public
Role
Counsel to LocalTapiola
Parties
Asiakastieto Group Plc (Buyer), UC AB (Target), Six Swedish banks (Sellers)
Transaction
Asiakastieto Group Plc’s pending acquisition of UC AB, a credit information company
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
Apax Digital Fund (Buyer), Vaaka Partners (Seller), Solita Oy (Target)
Transaction
Vaaka Partners' sale of Solita Oy to Apax Digital Fund
Deal Value
Value not public
Role
Counsel to Vaaka Partners
Parties
DevCo Partners Oy, Medix Biochemica
Transaction
DevCo Partners Oy's acquisition of Medix Biochemica
Deal Value
Value not public
Role
Counsel to DevCo Partners Oy
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
Green Horizon Renewables (Buyer), Founders and certain other investors (Sellers), Winda Power (Target)
Transaction
Green Horizon Renewables’ acquisition of over 70% stake in Winda Power
Deal Value
Value not public
Role
Counsel to Green Horizon Renewables
Parties
WSP Finland Oy (Buyer), ISS Palvelut Oy (Seller), ISS Proko Oy and its subsidiary ISS Suunnittelupalvelut Oy (Targets)
Transaction
ISS Palvelut Oy's sale of ISS Proko Oy and its subsidiary ISS Suunnittelupalvelut Oy to WSP Finland Oy
Deal Value
Value not public
Role
Counsel to ISS Palvelut Oy
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
EQT (Seller), Anticimex (Target), AMF Pensionsforsakring AB, The Sixth National AP-fund, Volito, Cubera (Buyers)
Transaction
The sale of 19% minority stake sale in Anticimex by EQT
Deal Value
EUR 311 million
Role
Counsel to EQT
Parties
Sampo plc (Buyer), 19.9% of the shares in Saxo Bank Group (Target)
Transaction
Sampo plc’s Acquisition of 19.9% of Shares in Saxo Bank Group
Deal Value
EUR 265 million
Role
Counsel to Sampo plc
Parties
Vaaka Partners (Buyer), management and minority shareholders (Sellers), Smoothie Heaven Oy (Target)
Transaction
Vaaka Partners acquired majority of shares in Smoothie Heaven Oy, a juice and smoothie bar company known as Jungle Juice Bar, from management and minority shareholders
Deal Value
Value not public
Role
Counsel to Vaaka Partners
Parties
Wise Group (Buyer), Management and minority shareholders (Sellers), Sito Oy (Target)
Transaction
Combination of Wise Group and Sito Oy
Deal Value
Value not public
Role
Counsel to Wise Group
Parties
Ahlström Capital (Buyer), Oy GW Sohlberg Ab (Seller), 39% of shares in Detection Technology and 18% of shares in Glaston (Targets)
Transaction
Ahlström Capital’s acquisition of shares in Detection Technology and Glaston from Oy GW Sohlberg Ab
Deal Value
Approx. EUR 110 million
Role
Counsel to Oy GW Sohlberg Ab
Parties
Scandic Hotels Group (Buyer), Restel (Seller), Restel’s Hotel Portfolio (Target)
Transaction
Scandic’s acquisition of Restel’s hotel operations in Finland from Restel
Deal Value
EUR 114.5 million
Role
Counsel to Scandic Hotels 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
Terveystalo, Diacor
Transaction
Terveystalo's acquisition of Diacor
Deal Value
Value not public
Role
Counsel to Terveystalo
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
Oriola Oyj and Kesko Oyj
Transaction
A 50/50 percent joint venture to establish a chain of health, beauty and wellbeing stores across Finland, with the plan to expand the business to include pharmaceuticals if the legislation is amended
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
Powerflute (Buyer); Harvestia Oy (Target); Vapo Oy (Seller)
Transaction
Powerflute Oyj’s acquisition of Harvestia Oy from Vapo Oy
Deal Value
Value not public
Role
Counsel to Powerflute Oy
Parties
Hartwall Capital Oy Ab (Buyer), SUEZ Suomi Oy (Target)
Transaction
Hartwall Capital Oy Ab's acquisition of SUEZ Suomi Oy, comprising the Finnish operations of SUEZ Group
Deal Value
Value not public
Role
Counsel to Hartwall Capital Oy Ab
Parties
Intera Fund III Ky (Buyer), ISS Palvelut Oy (Seller), ISS Security Oy and the Finnish security business and related assets (Target)
Transaction
Divestment by ISS Palvelut of 100% of the shares in ISS Security Oy and the Finnish security business and related assets to Intera.
Deal Value
EUR 35 million
Role
Counsel to ISS Palvelut Oy
Parties
DevCo Partners Oy’s group of investors (Buyers); Vexve Oy (Target); Partnos Oy (Seller)
Transaction
DevCo Partners Oy’s acquisition of Vexve Oy from Partnos Oy
Deal Value
Value not public
Role
Counsel to DevCo Partners Oy
Parties
Norvestia Oyj, CapMan Plc
Transaction
The public exchange offer for the shares and other securities in Norvestia by CapMan Plc
Deal Value
Value not public
Role
Counsel to Norvestia Oyj
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
Eurus Energy Holdings Corporation (Buyer), Maas Capital Renewables (Seller) and YARD ENERGY (Seller)
Transaction
Eurus Energy Holdings Corporation's acquisition of two wind farms in Finland from Maas Capital Renewables and YARD ENERGY
Deal Value
Value not public
Role
Counsel to Eurus Energy Holdings Corporation
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
Sampo plc (Buyer), Topdanmark A/S (Target)
Transaction
Sampo plc’s mandatory public cash offer for all outstanding shares in Topdanmark A/S
Deal Value
Value not public
Role
Counsel to Sampo plc
Parties
Vitec Software Group AB (publ) (Buyer), Futursoft Oy (Target)
Transaction
Vitec Software Group AB's (publ) acquisition of all shares in the Finnish software company Futursoft Oy
Deal Value
Value not public
Role
Counsel to Vitec Software Group AB (publ)
Parties
Valedo Partners Fund I AB (Seller), Corbel Holding Oy (Target), Realia Group (Buyer)
Transaction
Valedo's divestment of Corbel, a facility services company, to Realia Group
Deal Value
Value not public
Role
Counsel to Valedo Partners Fund I AB
Parties
Infratek, Pohjolan Werkonrakennus Oy
Transaction
Infratek's acquisition of Pohjolan Werkonrakennus Oy
Deal Value
Value not public
Role
Counsel to Infratek
Parties
Ruokakesko Oy (Buyer), Triton (Seller), Suomen Lähikauppa Oy (Target)
Transaction
Triton's sale of Suomen Lähikauppa Oy to Ruokakesko Oy, a subsidiary of Kesko Corporation
Deal Value
Value not public
Role
Counsel to Triton
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
YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, Fennia Mutual Insurance Company
Transaction
Joint venture of YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, and Fennia Mutual Insurance Company for the implementation of the Mall of Tripla and its parking facilities
Deal Value
Approx. EUR 600 million
Role
Counsel to YIT Corporation
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
SoftBank Group Corporation (Seller), Tencent Holdings Limited (Buyer), Supercell (Target)
Transaction
SoftBank Group Corporation's and its affiliates' sale of all of their 72.2% stake in Supercell to an affiliate of Tencent Holdings Limited
Deal Value
Approx. USD 10.2 billion
Role
Counsel to SoftBank and its affiliates
Parties
Triton, Fläkt Woods
Transaction
Triton's acquisition of Fläkt Woods
Deal Value
Value not public
Role
Counsel to Triton
Parties
Uponor and Belkin International
Transaction
A joint venture to pioneer in the development of intelligent water sensing and conservation technology for buildings in the U.S. and Europe.
Deal Value
USD 50 million
Role
Counsel to Uponor
Parties
The Carlsberg Group (Seller), Viking Malt Oy (Buyer), Danish Malting Group A/S (Target)
Transaction
The Carlsberg Group sold the Danish Malting Group comprising three breweries located in Denmark and Poland to Viking Malt Oy
Deal Value
Value no public
Role
Counsel to Viking Malt Oy
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
National Silicon Industry Group (Offeror), Okmetic Oyj (Target)
Transaction
Voluntary recommended public tender offer by National Silicon Industry Group for all shares and option rights in Okmetic Oyj
Deal Value
Approximately EUR 170 million
Role
Counsel to Okmetic Oyj
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
Ahlstrom (Seller), Ahlstrom’s building and wind business unit (Target), Owens Corning (Buyer)
Transaction
Ahlstrom’s divestment of its building and wind business unit to Owens Corning
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
Atine Group Oy (Seller), Sector Alarm (Buyer), Turvatiimi (Target)
Transaction
Sale of Turvatiimi to Sector Alarm by Atine Group Oy
Deal Value
EUR 7,610,330
Role
Counsel to Atine Group Oy
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
Blackstone Real Estate Partners Europe IV (Buyer), Sponda Plc and Varma Mutual Pension Insurance Company (Sellers), Certeum Corporation (Target)
Transaction
Sale of the majority stake of 57.5% of all shares in Certeum
Deal Value
Approximately EUR 500 million
Role
Counsel to Certeum Corporation and its Board of Directors
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
Summit Partners (Buyer), Retail Logistics Excellence - RELEX Oy and certain shareholders of RELEX (Seller), Retail Logistics Excellence - RELEX Oy (Target)
Transaction
Summit Partners' acquisition of a EUR 20 million minority stake in RELEX, a Finnish provider of supply chain software solutions for retailers
Deal Value
EUR 20 million
Role
Counsel to Summit Partners
Parties
Royal Vopak (Seller), Vopak Chemicals Logistics Finland Oy (Target), Oiltanking Sonmarin Oy (Buyer)
Transaction
Royal Vopak sold the Finnish entity Vopak Chemicals Logistics Finland Oy to Oiltanking Sonmarin Oy a wholly owned subsidiary of Oiltanking GmbH, based in Hamburg, Germany The divested entity consists of two terminals: Vopak Terminal Mussalo and Vopak Terminal Hamina
Deal Value
EUR 43 million
Role
Counsel to Royal Vopak
Parties
SoftBank (Buyer), Supercell (Target)
Transaction
SoftBank's acquisition of an additional 22.7% stake in Supercell, a Finnish online gaming company
Deal Value
Value not public
Role
Finnish counsel to SoftBank
Parties
Trimble Finland Oy (Buyer), Key employees of and investors in Fifth Element Oy (Seller), Fifth Element Oy (Target)
Transaction
Trimble Finland Oy’s acquisition of Fifth Element Oy from key employees of and investors in Fifth Element Oy
“All of the lawyers have the highest level of expertise in various aspects of M&A and company law.
“The team at Hannes Snellman provides good communication in all aspects.”
“Hannes Snellman has an excellent track record and very good connections, particularly with international buyout funds.”
"Hannes Snellman has an excellent track record and very good connections, particularly with international buyout funds."
"The team at Hannes Snellman provides good communication in all aspects."
"All of the lawyers have the highest level of expertise in various aspects of M&A and company law."
"It is an excellent team with broad experience."
"Riikka Rannikko is extremely experienced and knows the M&A side of things extremely well. She also knows most of the other things that in-house lawyers need help with."
"Mikko Heinonen is a very experienced partner with the ability to make decisions on tough questions and guide customers."
"Dedicated, competent, accessible, easy to work with."
"Very knowledgeable with high subject-matter expertise, extremely service-minded and pleasant to work with."
"High quality, fast, commercial mindset."
"Very effective and swift response."
"Hannes Snellman is very solution-orientated firm with a hands-on attitude whilst demonstrating extremely high-quality M&A expertise."
"Comprehensive and extremely professional approach in all necessary fields of law (real estate, transactions, permitting, corporate, etc) required in a major project."
"Excellent choice for complex and strategic work. Focus is clearly on finding a practical solution to client’s problems and targets. Ability to look at the whole picture and to analyse the challenge from a business perspective."
"Riikka Rannikko’s ability to handle matters relating to various practice areas is excellent. This really makes a difference. Tuire Kuronen is excellent in M&A transactional work."
"Always available, also with short notice. Delivers what promises and typically more than I expect in respect of strategic and tactical advice."
"Riikka Rannikko is excellent. Knowledgeable, easy to work with, hands on. Could not expect more from her."
"Good availability; strong commercial sense in determining what is important; flexible."
"Good understanding of our approach to doing transactions."
"Hannes Snellman are knowledgeable, fast working, service minded, available and strategic. "
"High quality, immediate responses; highly professional attitude; solution and customer orientation."
"Knowledgeable, commercial, rapid service."
"They are highly skilled and business oriented."
"Very efficient and focused while being commercial."
"Very quick and reliable service for clients. A proactive approach to everything from the administrative to the strategic aspects of the legal transaction process."
"They are very pragmatic and have strong M&A legal advice capabilities in general."
"They are pragmatic and solution-oriented."
"Professional and positive."
"In-depth knowledge of legal issues related to capital markets, strong negotiation skills, very strong project management."
"First-class support, pragmatic and solution-oriented!"
"Comprehensive advice to board and management on strategic and regulatory matters related to the public tender offer. Skilful negotiations on the combination agreement and tactical insight resulting in good commercial outcome."
"They are very pragmatic and have strong M&A legal advice capabilities in general."
"A trusted service-minded attitude putting the client first in all circumstances."
"Riikka Rannikko is a highly appreciated practitioner who is very reliable and solution-oriented."
"The team has diverse competencies which complement each other. The quality is always high irrespective of people working with a specific matter. So it is very easy to trust that the result is always correct."
"Riikka Rannikko stands out clearly. She has exceptionally wide knowledge of different practise areas and can give advice on a general level without gathering eg 5 partners to the same meeting. Her availability and engagement is on very high level and she can be approached usually within a couple of hours. Her approach is pragmatic so any next steps to be identified is very easy."
"Senior partner involvement with strong support from the team, availability and commitment to provide best possible service. Creativity in solving complex issues."
"I find their M&A team as “best in class” in Finland. Very knowledgeable and professional."
'Mikko Heinonen is praised for his market-leading expertise in public M&A mandates, advising on mergers and public cash tender offers. One client describes him as "a solid and experienced legal adviser."'
'Riikka Rannikko has experience acting for listed companies on corporate and M&A mandates. Clients describe her as "pragmatic, very knowledgeable and pleasant to work with."
"Highly professional people. Really took responsibility in the process. Trusted partner."
"Professional and consistent."
"Punctual, professional, easy to work with."
"They know the telecom business."
"The law firm has very skilful lawyers for each legal area needed in wind power project development and transactions. Also, the law firm reacts to our needs very efficiently when needed."
"The team is very competent, available and practical with their advice."
"Annika Schaumann is a very analytic M&A lawyer. She has a really strong VC background which makes her a unique talent in this field."
"In my view Hannes Snellman has simply the best M&A lawyers in Finland. Their business acumen is excellent and they read situations well and have very good negotiation skills."
Clients hail Riikka Rannikko as being "very structured and in control, with a pleasant way of presenting controversial matters where emotions are involved."
Excellent knowledge of industry and great business understanding.
The team had capacity to approach the deal for different angles in a coordinated matter.
Exceptionally logical and analytical approach, great thinking and exceptional availability. Trust based relationships.
'A client deems the firm to be "top notch," emphasising that "what makes them good is that they have extremely wide competencies, whatever areas you need advice on they have the best in Finland, and they are the most capable firm internationally."'
'Sources praise the lawyers for being "agile, commercial and understanding of the situation."'
'Johan Aalto is described by a client as "a steady hand when you are going through difficult situations."'
'Clients hail Mikko Heinonen as "one of the best lawyers in Helsinki," and endorse him for being "extremely knowledgeable." He receives further praise for being "very pragmatic, a good thinker and getting things done efficiently."'
'Riikka Rannikko...Sources hail her as a "great project leader," adding: "She is responsive, very responsible and gets the things done, while keeping a strategic partner role in the mandate."'
'Sources describe Sten Olsson as "very intelligent" and a "skilled negotiator," and highlight his ability to "identify important issues."'
'Claes Kjellberg...Clients say: "He is very commercial, easy to get hold of, fast in responding and service-minded."'
'Mattias Friberg...One client appreciates that Friberg is "structured, organised, goes the extra mile and delivers above expectations."'
'Mikael Klang...Clients praise his availability and speed of response, and one source describes him as "pragmatic, solution-oriented and highly creative."'
'Sören Lindström...One client describes him as "proactive" and "always available."'
"Excellent depth of knowledge in relation to public M&A and is able to give succinct and helpful strategic advice. The supporting associates are professional and efficient."
"High quality, well structured, good service."
'Clients highlight that the firm "has a solid team with strong experts in all relevant practice areas."'
'Sources praise the team's "in-depth coverage of the legal issues throughout the process."'
'Senior Partner Johan Aalto has a long-standing reputation in the M&A arena.'
'Managing Partner Mikko Heinonen is a leading figure in the market.'
'Partner Sten Olsson’s clients describe him as an "excellent M&A lawyer with vast experience and good commercial judgement."'
'Partner Riikka Rannikko has "excellent expertise and a very proactive approach," according to clients. One client states she is constructive and has the "ability to listen and act independently within the agreed limits."'
'Partner Claes Kjellberg’s clients report that he is "very customer-oriented, easy to talk to and responsive to our needs." The highly experienced'
'Sören Lindström is widely acknowledged for his long-standing involvement in takeovers, with one source describing him as "sought after for public M&A mandates."'
'Clients appreciate Partner Christoffer Saidac's market experience, with one claiming that "whatever the situation, he has been there before."'
'The team's outstanding dedication to client satisfaction stands out: “They are prepared to help the client and go over their normal scope to get the deal done.”
‘Another client appreciates the group's depth of knowledge, saying: “We appreciated the experience they showed during transactions,” and adding that “they make themselves available, which is very helpful as it is not difficult to have access to them.”'
'Johan Aalto has a wealth of experience in M&A matters...Clients appreciate that he is “very experienced, solution-driven and easy to deal with.”'
'Mikko Heinonen...offers broad knowledge of corporate and M&A matters. Clients enthuse that “he is very analytical.” Another source adds that “he is well connected and aware of developments in the local market.”'
'Riikka Rannikko...is noted as “a true expert in the field of disclosure requirements.” Clients appreciate her dedication: “She is very pragmatic, she works extremely hard and provides excellent advice.”'
'Sten Olsson...is noted as an expert on funds work. One client highlights that “he makes clear and concrete recommendations which take commercial perspectives into account.”'
‘Sören Lindström typically acts on public and private M&A mandates and also advises on corporate finance and takeover regulation. He represented Intrum Justitia in the merger of Intrum Justitia and Lindorff. Sources comment that he is respected as a "successful lawyer in the transaction market."‘
‘A respected lawyer in the market, Richard Åkerman advises clients on a broad range of M&A mandates and has recent experience assisting clients from the food and pharmaceutical industries. He assisted Fazer Group with its acquisition of Frebaco.‘
‘Christoffer Saidac offers clients broad knowledge covering public M&A, capital markets and regulatory advice. He is experienced in both domestic and cross-border transactions.’
‘"The M&A team has demonstrated a strong combination of long-term partnership thinking, good commercial judgment and excellent technical skills."’
'Hannes Snellman has "an outstanding team that takes a solution-oriented approach."'
'Clients admire the team's responsiveness and the quality of advice provided: "They have been excellent. They respond promptly, they are practical, and the advice is concrete and sound."'
'Other impressed clients describe the lawyers within the practice as "business-minded, flexible and deal-oriented."'
'"The firm is very good at handling mergers, acquisitions and tough commercial law."'
'"We are very impressed. The firm has a much more dynamic approach and understands how to distribute work. They did an outstanding job. I always get great access and everything complicated that we do goes to them."'
'Sources label Sören Lindström "a very knowledgeable lawyer within public M&A."'
'One client says that Richard Åkerman "is not only a very experienced M&A lawyer, but he is very business-oriented and understands which matters to focus on," also appreciating that he is "very pleasant to work with and has great social skills."'
'Christoffer Saidac has earned a solid reputation in the market and is praised by clients for being "very responsive and getting back to clients quickly."'
'Considered "excellent in all respects"'
'"The lawyers are responsive, efficient, practical and give incredibly thoughtful advice. They really take the time to listen, read, pay attention and give you their opinion - not just what you want to hear.", "It's a big firm so it has lots of experience, lots of good people and can always find the right person for the job."'
'"The lawyers are commercial, hard-working, dedicated and pragmatic in their approach."
"For the purposes of our transaction the team was able to provide the input and expertise required and effectively collaborate with law firms in other countries."'
'Sören Lindström is noted for his extensive experience on transactional mandates, in particular public M&A deals. He advised the Nordgren/Pihl family on a targeted issue of new shares, through which FAM became a co-owner of the Nefab group.'
'Richard Åkerman heads the firm's private M&A practice. He is recommended for his transactional experience, particularly in the information and communications technology sectors. His recent work highlights include advising Powerflute on its acquisition of Corenso from Stora Enso.'
'Christoffer Saidac focuses on public M&A and is noted for his experience in cross-border mergers. He regularly acts on transactions in the financial services sector, and is recognised for his capital markets experience.'
'Superb team with an outstanding track record advising on high-value, complex M&A mandates. Clients say that Hannes Snellman "is a great firm - our preferred choice for M&A transactions" and "the lawyers are solution-oriented, extremely helpful and easy to work with."'
"The team is highly experienced at dealing with transactional issues and is also good fun to work with."
'Sören Lindström has an excellent reputation for public M&A as well as capital markets work.'
'Department head Richard Åkerman is "to the point in his advice and focused on the deal fundamentals," according to sources.'
‘Sten Olsson heads the practice at Hannes Snellman...Johan Aalto and Mikko Heinonen are also recommended.’
‘Johan Aalto is 'one of the best M&A lawyers in Finland. He is smart, excellent in negotiations and offers great depth of legal expertise.' Clients say that Mikko Heinonen '... is splendid – a top choice for leading transactions.' One client comments: 'If you need a lawyer to drive the deal forward, go to Sten Olsson. He is well connected with lots of experience and is very commercial.' Riikka Rannikko is acknowledged for her expertice in public and private M&A as well as IPOs, public tender offers and share offerings, as well as compliance matters.