Hannes Snellman acted as counsel to Avant Capital Partners and Alma Property Partners I AB, a fund managed by Alma Property Partners, in their acquisition of the Ideapark Oulu shopping centre from Sukari Group. The property with approx. 30.000 sqm gross area has been let to multiple high-profile tenants like H&M, Lindex, Cubus, Dressmann, and Stadium.
On 23 June 2016, Metsähallitus and a JV owned by Taaleri Plc’s private equity fund, Taaleri Tuulitehdas II and Loiste Energia Oy completed the second phase of a transaction that had begun in 2014. At the time of the acquisition, Taaleri Plc’s private equity fund Taaleri Tuulitehdas II and Loiste Energia Oy had just enlarged their Kivivaara-Peuravaara wind farm project by six wind turbine generators, bringing the total number of wind turbine generators to 19, with a total investment value of EUR 110 million.
Hannes Snellman acted as counsel to Humana AB in its acquisition of Arjessa Oy from Sentica Partners and a number of private individuals, for EUR 32 million.
On 21 June 2016, Telia Company announced a divestment of the Sergel Group, a group offering credit management and debt purchase services in the Nordic and Baltic countries, to Marginalen AB and Marginalen Bank Bankaktiebolag, for SEK 2,070 million (approximately EUR 222 million) on a cash and debt-free basis.
YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, and Fennia Mutual Insurance Company completed on 22 June 2016 a transaction under which the parties created a joint venture for the implementation of the Mall of Tripla and its parking facilities. A consortium consisting of the European Investment Bank (EIB), the Nordic Investment Bank (NIB), Danske Bank, and Handelsbanken granted the project 10-year project credits amounting to a total of approximately EUR 300 million, which will finance half of the construction of the Mall of Tripla.
Hannes Snellman advised SoftBank Group Corporation, a Japanese internet and telecommunications company, and its affiliates in the sale of their entire 72.2% stake in Supercell, a Finnish leading mobile game maker and the manufacturer of hit games Clash of Clans, Hay Day, Boom Beach, and Clash Royale, to an affiliate of Tencent Holdings Limited, a Chinese internet company. In one of the largest transactions ever made in Finland, Supercell’s equity is valued at approximately USD 10.2 billion.
We are proud to inform that Hannes Snellman’s Senior Partner, Johan Aalto, was awarded the honorary title Lagman (in Finnish: laamanni) by the President of the Republic of Finland on 17 June 2016. This title, which is only rarely awarded to very select practitioners, was awarded to Johan for his outstanding career as a private practitioner, his active involvement in significant legislative work, as well as his major contribution to a range of important pro bono work.