Vanadis Diagnostics AB has been sold to PerkinElmer, Inc. Based in Sweden, Vanadis is developing a novel solution for non-invasive prenatal testing (NIPT) based on digital analysis of cell-free DNA.
The Swedish care companies Solhagagruppen and Nytida are joining forces. The enlarged personal care group will be formed pursuant to an agreement whereby Bridgepoint Development Capital and the minority shareholders of Solhagagruppen have agreed to sell all shares in Solhagagruppen to Ambea AB, who operates within private care and assistance under the brand Nytida.
Elisabeth Vestin, formerly Hoffnell, has been appointed new Specialist Partner and Head of IP & TMT (Intellectual Property & Technology, Media and Telecom) at Hannes Snellman’s Stockholm office. She is responsible for leading and strengthening the firm’s offering within IP & TMT, corporate responsibility and compliance in close cooperation with Hannes Snellman’s IP & TMT operations in Finland and Russia. Elisabeth Vestin took office on 1 January 2016.
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.