Hannes Snellman advised ISS Palvelut Oy, a leading Finnish facility services provider, in its sale of 100% of the shares in ISS Security Oy and the Finnish security business and related assets to Intera Fund III Ky, a private equity fund managed by Intera Partners. In connection with the completion of the transaction, the parties will enter into a cooperation relationship regarding the provision of the integrated facilities services to customers. The transaction is expected to be completed by the end of 2016.
Hannes Snellman’s tax practice led by partner Ossi Haapaniemi was ranked among the best tax professionals by the International Tax Review 2016 edition in Finland. Other acknowledged team members are partner Heikki Vesikansa and recently appointed associate Matleena Pälve. Hannes Snellman’s cross-border tax team consists seven professionals.
Alder Fund I AB, together with the other shareholders of Dinair Group AB, have entered into an agreement on the sale of Dinair to AAF International. Dinair is one of the largest manufacturers and suppliers of air filters in the Nordic region. Dinair has over 350 employees, is headquartered in Vadstena, Sweden, and has sales offices and warehouses located in Stockholm, Göteborg, Malmö, Oslo, Helsinki and Riga.
Today Intrum Justitia and Lindorff announced their intention to combine to create the industry leading provider of credit management services. Intrum Justitia will acquire all outstanding shares in Lindorff in exchange for newly issued shares in Intrum Justitia. Based on Intrum Justitia’s closing price at Nasdaq Stockholm as of 11 November 2016, Lindorff’s enterprise value in the transaction is more than SEK 40 billion.
Hannes Snellman acted as counsel to Norvestia Oyj in the public exchange offer for the shares and other securities in Norvestia by CapMan Plc.
Hannes Snellman acts as legal counsel to Norvestor VII L.P., through RCN Intressenter II AB, in the recommended cash offer to the shareholders of Nordic Camping & Resort AB to acquire all shares in Nordic Camping & Resort AB. Nordic Camping & Resort AB's shares are listed on the Swedish trading platform AktieTorget.
Hannes Snellman acted as lead counsel to Ahlstrom in the combination of Ahlstrom and Munksjö through a statutory merger (deal value approximately EUR 1.2 billion). The combination will create a global leader in sustainable and innovative fiber-based solutions with preliminary combined annual net sales of approximately EUR 2.2 billion. The combined company will have approximately 6,200 employees as well as production in 14 countries.
Each year, Hannes Snellman's Stockholm office ranks the ten most interesting business law cases from the past twelve months, and offers clients the opportunity to gain insight into those cases and the motivation behind their inclusion on the Top Ten list.