Janne advises sponsors, borrowers and financial institutions on all types of financing transactions with particular focus on bank lending, real estate, acquisition and project financing.Janne also has extensive experience advising on infrastructure and energy related financing transactions.
References
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
OP Corporate Bank plc, Nordea Bank Abp, Danske Bank A/S, Danske Bank A/S, Finland Branch, Tenetor Oy Ab, Veho Oy Ab and Lemiro Oy Ab
Transaction
Hannes Snellman acted as counsel to the finance parties in EUR 183 million refinancing of Veho group
Deal Value
EUR 183 million committed loan facilities and EUR 60 million uncommitted loan facilities
Role
Counsel to OP Corporate Bank plc, Nordea Bank Abp, Danske Bank A/S and Danske Bank A/S, Finland Branch
Hannes Snellman acted as counsel to YIT Oyj in relation to its EUR 140 million term loan facility agreement with OP Corporate Bank, SEB, and Swedbank.
Counsel to Myrsky Energia in the formation of a joint venture with Copenhagen Infrastructure Partners (CIP) concerning the investment and development of 1.8 GW portfolio of onshore wind power in Finland.
Value:
EUR 2.3 billion
Role:
Counsel to Myrsky Energia
Parties:
Metsähallitus, Vattenfall
Transaction:
Counsel to the Finnish state enterprise Metsähallitus in the joint venture entered into with Vattenfall concerning Finland’s first large-scale offshore wind farm. Our assignment, commenced in 2021, entailed all legal aspects of the structured sales process followed by the creation of the joint venture and the contractual framework steering the development.
Deal Value:
Value not public
Role:
Counsel to Metsähallitus
Parties
Keliber Oy, Metso Outotec
Transaction
Counsel to Keliber in respect of the construction and supply contracts pertaining to the company’s lithium project in Central Ostrobothnia, Finland. The project is one of the most significant battery chemical projects in Europe. Keliber has now signed a contract with Metso Outotec to supply a concentrator plant in Kaustinen and a lithium hydroxide plant in Kokkola, which is one of the key deliveries in respect of the project.
Value
Value not public
Role
Counsel to Keliber Oy
Parties
Finsilva
Transaction
Counsel to Finsilva in the development of Vermassalo wind farm
Deal value
Value not public
Role
Counsel to Finsilva
Counsel to Exilion in the Construction and Financing of Isokangas and Palokangas Wind Farms. The projects will be constructed in Ii in northern Ostrobothnia, Finland, and will have an aggregate capacity of 100MW. The estimated yearly production of the two wind farms will be around 320,000 MWh. Our team advised Exilion in respect of negotiating turbine supply and services, balance of plant and financing agreements.
Parties
Orange Capital Partners (Buyer), Starwood Capital Group and Avara Oy (Sellers)
Transaction
Hannes Snellman acted as counsel to Orange Capital Partners in the acquisition of a residential portfolio of 2,200 apartments located across 16 cities from Starwood Capital Group and Avara Oy
Deal Value
Value not public
Role
Counsel to Orange Capital Partners
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
NREP (Buyer), a fund managed by Genesta (Seller)
Transaction
Hannes Snellman acted as counsel to NREP in the financing and refinancing of the acquisition of the historic office property Bulevardi 21 located in Central Helsinki from a fund managed by Genesta.
Deal Value
Value not public
Role
Counsel to NREP
Parties
Orange Capital Partners and another global investor (Buyers), Morgan Stanley (Seller)
Transaction
Orange Capital Partners' and another global investor's acquisition of a residential portfolio with 37 assets and 1,900 apartments from Morgan Stanley
Deal Value
Value not public
Role
Counsel to Orange Capital Partners and another global investor
Parties YIT Transaction Issue of two EUR 100 million green bonds and EUR 100 million green capital securities by YIT Oyj Deal Value
EUR 300 million
Role Counsel to YIT
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
NREP Income+ Fund
Transaction
Counsel to NREP in its acquisition of Leipätehdas office property
Deal Value
Value not public
Role
Counsel to NREP
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
Keliber signed an engineering, procurement, and construction management (EPCM) contract with Sweco in respect of a project, which comprises a concentrator plant and lithium mines in Kaustinen, Kokkola and Kruunupyy, and a lithium hydroxide plant in Kokkola.
Value
Value not public
Role
Counsel to Keliber Oy
Parties
Viking Malt Oy, OP Corporate Bank plc, Danske Bank A/S, Finland Branch, Danske Bank A/S
Transaction
Hannes Snellman acted as counsel to Viking Malt in financing of EUR 90 million production plant investment in Lahti. The investment was the biggest investment in Finnish food and beverage industry and in Lahti region during the past 10 years. The financing package was partially guaranteed with an export credit agency guarantee granted by Euler Hermes Aktiengesellschaft.
Deal Value
Value not public
Role
Counsel to Viking Malt
Parties
YIT Oyj, Ålandsbanken Wind Power Fund
Transaction
YIT Oyj's wind power development project with Ålandsbanken Wind Power Fund, where YIT agreed to sell the project, deliver the balance of plant construction works and manage the construction of the wind farm until commencement of the operation. The aggregate maximum production capacity of the project is 90 MW.
Value
Value not public
Role
Counsel to YIT Oyj
Parties
Exilion Tuuli (Buyer), St1 (Seller)
Transaction
Exilion Tuuli's transaction whereby Exilion Tuuli acquired the wind power production and development business of St1
Deal Value
Value not public
Role
Counsel to Exilion Tuuli
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
DekaBank Deutsche Girozentrale
Transaction
DekaBank Deutsche Girozentrale’s project financing of Project Piiparinmäki, the largest wind farm in Finland
Deal Value
Value not public
Role
Counsel to DekaBank Deutsche Girozentrale
Counsel to Pankaboard Oyj in the outsourcing of steam production to Adven Oy
Parties
Cramo Plc, Adapteo Plc
Transaction
Cramo’s partial demerger and listing of Adapteo on Nasdaq Stockholm
Deal Value
SEK 5.5 billion
Role
Counsel to Cramo Plc and Adapteo Plc
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
OP Corporate Bank plc, Nordea Bank Abp, Normet Oy
Transaction
Counsel to OP Corporate Bank plc and Nordea Bank Abp in EUR 115 million refinancing of Normet Oy
Deal Value
EUR 115 million
Role
Counsel to OP Corporate Bank plc and Nordea Bank Abp
Parties
LocalTapiola Mutual Life Insurance Company
Transaction
LocalTapiola Mutual Life Insurance Company’s issue of EUR 100 million capital notes
Deal Value
Value 100 million
Role
Counsel to LocalTapiola Mutual Life Insurance Company
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
Nordea Bank Abp
Transaction
Nordea Bank Abp's establishment of its €50,000,000,000 Euro Medium Term Note Programme
Deal Value
EUR 50,000,000,000
Role
Counsel to Nordea Bank Abp
Parties
Nordea Bank Abp
Transaction
Nordea Bank Abp's establishment of its USD 25,000,000,000 Global Medium-Term Note Programme
Deal Value
USD 25,000,000,000
Role
Counsel to Nordea Bank Abp
Parties
YIT Oyj
Transaction
Issue of EUR 100 million and EUR 150 million senior notes by YIT Oyj
Deal Value
EUR 250 million
Role
Counsel to YIT Oyj
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
Goldman Sachs International (Buyer), Sponda Oyj (Target)
Transaction
Hannes Snellman acted as counsel to Goldman Sachs International, as mezzanine arranger, of mezzanine credit facilities provided to Blackstone in connection with its public to private acquisition of Sponda Oyj
Deal Value
EUR 3.9 billion
Role
Counsel to Goldman Sachs International
Parties
Ramirent Oyj, European Investment Bank
Transaction
Ramirent Oyj's EUR 50 million loan agreement with the European Investment Bank
Deal Value
EUR 50 million
Role
Counsel to Ramirent Oyj
Parties
Schroder
Transaction
Schroder's (acting on behalf of Schroder Nordic Real Estate Fund) acquisition of a portfolio of nine office properties located in the Greater Helsinki area with a total lettable area of approx. 53,000 sqm
Deal Value
Value not public
Role
Counsel to Schroder
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
J.P. Morgan Asset Management (Seller); Genesta (Buyer)
Transaction
Disposal of a 11,200 sqm office property in Helsinki by a fund managed by J.P. Morgan Asset Management to a fund managed by Genesta
Deal Value
Value not public
Role
Counsel to J.P. Morgan Asset Management
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
Transaction
Powerflute Oyj's facilities agreement in July 2016
Deal Value
EUR 120 million
Role
Counsel to Powerflute Oyj
Parties
Tikkurila Oyj
Transaction
Tikkurila Oyj's EUR 150 million term and revolving facilities agreement in June 2015
Deal Value
EUR 150 million
Role
Counsel to Tikkurila Oyj
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