FTSE 250 chemicals company Synthomer, a UK-based manufacturer of latices and speciality emulsion polymers, has acquired Perstorp Oxo Belgium from Perstorp, a speciality chemicals innovator and supplier based in Sweden and controlled by PAI partners.   

The enterprise value amounted to EUR 78 million. 

Hannes Snellman acted as a counsel to Barings Real Estate Advisers, acting on behalf of the Nordic Retail Fund in its disposal of 50% stake in the Kamppi shopping centre. The 50% stake, which values the centre at over EUR 500 million, is to be acquired on behalf of TH Real Estate’s flagship’s pan-European investment vehicle, the European Cities Fund, and thereby creating a 50:50 joint venture partnership with Allianz.

We are pleased to announce that the following experienced Hannes Snellman lawyers have been promoted to counsel, managing associates and senior associates as of 1 March 2017:

Counsel

Anton Bakov, Private M&A, St. Petersburg

Heikki Majamaa, Finance, Helsinki

Managing Associates

Lavare Holding AB, parent company of the Swedish textile services provider Textilia Group AB, is getting a new owner. The investment fund Accent Equity 2012 has agreed to divest all its shares in Textilia to De Forenede Dampvaskerier a leading Danish service company within textile laundry and rental.

The SUSI Renewable Energy Fund II, managed by SUSI Partners AG, has purchased the 10.35 MW wind farm Tetrituuli in Central Finland from wind power developer Ilmatar Windpower Plc. After the acquisition of 21 MW wind farm Kopsa I and 18.5 MW wind farm Latamaki, this marks SUSI’s third renewable energy transaction in Finland, strengthening its position in the Finnish wind market.

Hannes Snellman is once again a proud sponsor of the upcoming Helsinki International Arbitration Day 2017, organized by The Arbitration Institute of the Finland Chamber of Commerce. The event will be held on Thursday 18 May 2017 at Finlandia Hall, Helsinki, Finland.

Established in 2005, the Client Choice awards recognises those law firms and partners around the world that stand apart for the excellent client care they provide and the quality of their service. The criteria for the awards focus on an ability to add real value to clients' business above and beyond the other players in the market. Exceptionally, law firms and partners can only be nominated for these awards by corporate counsel.
 

Fingerprint Cards expands its reach in biometrics by acquiring Delta ID, the world’s leading supplier of iris recognition technology, for USD 106 million (approximately 938 MSEK). The acquisition of the Californian-based company means that Fingerprint Cards expands its business and its technology portfolio with biometric security solutions based on the human eye. The transaction is subject to regulatory approvals and expected to close during spring 2017.

Hannes Snellman’s Finnish Competition & Procurement practice was ranked in the Elite category in the recently published GCR100. In addition, our Swedish Competition & Procurement practice was ranked in the Recommended category. The GCR100 is a guide to the world's leading competition law practices published by the Global Competition Review.

Prospera has today published the results of their Finnish Law Firm Review 2017, which is based on client feedback. We are very pleased that clients have ranked Hannes Snellman as #1 in the overall performance in this year’s review. We share our #1 position in the overall performance with Roschier.