Ahlstrom has signed an agreement to divest its building & wind business unit to Owens Corning. Hannes Snellman acted as counsel to Ahlstrom.
Hannes Snellman acts as a counsel to Biotie Therapies Corp. in the public tender offer of its shares and other securities by Acorda Therapeutics. The total value of the offer amounts to USD 363 million.
Hannes Snellman acted as counsel to EQT Infrastructure Limited in its sale of Adven Group to a consortium comprising of AMP Capital Investors and Infracapital Partners II.
As part of Hannes Snellman’s Corporate Social Responsibility work, the firm has again this year decided to donate funds for different charity causes.
Our donation recipients in 2015 represent our long-term co-operation partners, but also smaller local charity organisations. The global refugee crisis has inevitably had an impact on our CSR work in 2015.
Hannes Snellman has been engaged as counsel to YIT Corporation in the Mall of Tripla shopping centre project. YIT and Etera Mutual Pension Insurance Company, Onvest Oy, Fennia Mutual Insurance Company, and Fennia Life Insurance Company Ltd have signed a letter of intent on the establishment of a joint venture for the implementation of the Mall of Tripla and its parking facilities. The overall value of the shopping mall and the parking facility – the largest ever single asset transaction - is approximately EUR 600 million.
Sumitomo Corporation Group has through its Swedish subsidiary SC Motors Sweden AB acquired Citroën and DS in Sweden by buying Citroën Sweden AB.
EQT VII Fund (“EQT”) has entered an agreement to acquire Piab Group Holding AB (“Piab”) from Altor Fund II and minority shareholders. Hannes Snellman is advising EQT in relation to the acquisition, including with respect to patents and IPR, acquisition financing, merger control filings and other legal aspects of the agreed transaction.
Heikki Vesikansa heads Hannes Snellman’s transaction structuring practice in Helsinki. He advises clients in the area of tax structuring in a wide range of demanding M&A, equity, and debt capital markets transactions. Heikki’s extensive experience in transaction structuring stems from providing tax advice in over 300 transactions over the past 15 years.
EQT has today announced that they have acquired shares corresponding to 63 percent of the total number of shares and 68 percent of the total number of votes in Industrial and Financial Systems, IFS Aktiebolag (“IFS”), and thereby passing the mandatory bid threshold. EQT has acquired the shares at a price of SEK 362.50 per share, valuing IFS to approximately SEK 9 billion. EQT will launch a mandatory offer. EQT is a leading group of private equity funds with operations in Northern Europe, Eastern Europe, US and China.
Randstad Holding nv has today announced a takeover offer for all shares in Proffice AB (publ). The offer values Proffice to SEK 1,648 million. The acceptance period is expected to commence around 16 December 2015 and end around 13 January 2016. Randstad Holding specializes in solutions in the field of flexible work and human resources services. Randstad’s services range from regular temporary staffing and permanent placements to inhouse, professionals, search & selection, and HR Solutions.