The Schörling family has together with Stefan Persson, Carl and Martin Bek-Nielsen and Mikael Ekdahl decided to continue to operate Melker Schörling AB (“MSAB”) in a non-listed environment. They have as a result thereof today through Schörling & Partners AB announced an unconditional public cash offer to the shareholders of MSAB. The Offer values MSAB at approximately SEK 67,767 million.
Hannes Snellman acted as a counsel to Fazer Group in the acquisition of Nordic smoothie brand Froosh from Unilever Ventures and minority owners.
By acquiring Froosh, Fazer will enter a new category and expand its presence in retail. Froosh will serve as a platform for Fazer Lifestyle Foods Business Area’s offering for healthy fruit-based products.
Hannes Snellman acted as counsel to Schroders (acting on behalf of Schroder Nordic Real Estate Fund) in an acquisition of a portfolio of nine office properties located in the Greater Helsinki area with a total lettable area of approx. 53,000 sqm.
Hannes Snellman acted as legal counsel in Terveystalo’s IPO and listing on the Nasdaq Helsinki stock exchange. This was the largest IPO in Finland in the new millennium, and the largest IPO in the Nordic region this year. The transaction also represented the largest private equity exit in Finland with EQT being the largest selling shareholder of the company.
Hannes Snellman acted as counsel to EQT in bringing in a small group of partners through a 19% minority stake sale in Anticimex (the leading global specialist in preventive pest control) at an enterprise value of approximately EUR 2.3 billion.
Our Specialist Partner Mika Pohjonen has prepared an expert report for the Ministry of the Environment concerning the different alternatives for implementing the unbundling of the municipal waste management infrastructure and the corporatisation of its market-based operation, as well as the legislative framework conditions related thereto. When it comes to waste incineration and bioprocessing, the report examines the organisation of the sale of the possible overcapacity of the municipal waste management operators to private operators.
Hannes Snellman acted as counsel to Sampo plc in its acquisition of 19.9% of shares in Saxo Bank Group for EUR 265 million. Saxo Bank Group is a leading multi-asset trading and investment specialist headquartered in Denmark, offering a complete set of services relating to trading and investment technologies.
Our Tax & Structuring team has assisted one of our clients in yet another successful advance ruling proceeding. The US subsidiary of our client, a Finnish listed PLC, plans to make a capital repayment from its additional paid-in capital.
Hannes Snellman has agreed to sell its Russian operations to Eversheds Sutherland. Hannes Snellman entered the Russian market in 2006 by acquiring ETL Law Offices. Hannes Snellman’s focus in Russia, with offices in Moscow and St. Petersburg, has been the same as in Finland and Sweden: to serve Nordic, international and local companies in significant business transactions and complex dispute resolution.