Hannes Snellman acted as counsel to Sentica’s portfolio company Trust Kapital, a company specializing in receivables lifecycle management and financing, in its acquisition of Enfo Zender, Enfo Oyj’s information logistics subsidiary. In the transaction, Enfo Zender’s information logistics business, including business operations and customers, is transferred to Trust Kapital.
P.R.I.M.E. Finance (the Hague-based Panel of Recognised International Market Experts in Finance) has confirmed twenty-five new appointments to its List of Experts from thirteen different countries, including Hannes Snellman’s Senior Advisor, Matti Engelberg. The Panel is currently composed of more than 130 experts with more than 4,000 years of collective relevant financial market and legal experience.
On 9 January 2017, VAT Specialist Petri Saukko will be joining Hannes Snellman, as the firm continues to boost its highly regarded tax team focusing on tax advice in major transactions and complex tax disputes. Petri has extensive experience in indirect taxation and administrative law.
On December 20th, 2016, the Swedish Government proposed new tax rules for stock options granted by start-ups. The proposal includes several requirements for the rules to apply and in general they only apply to start-ups of a limited size (cf. below). This is somewhat ironic since the biggest drivers behind the change is the likes of Spotify, companies that will not benefit from the proposed changes. However, the proposal is welcomed by start-ups of limited size wishing to attract key competence to fuel growth.
Hannes Snellman has been engaged as counsel to YIT Corporation in the Tripla hotel project. YIT has signed a letter of intent on the implementation of the hotel for the Tripla project in Central Pasila, Helsinki. The hotel will be operated by Sokotel Oy, and the investor will be a new limited partnership managed by Exilion Management Oy with Elo Pension Company and Suomen Osuuskauppojen Keskuskunta as owners. The intention is to sign the final project agreements in early 2017. The hotel is scheduled for completion in early 2020.
Hannes Snellman acted as counsel to VVO Group plc. in its disposal of 1,344 non-restricted rental apartments to a company managed by Avant Capital Partners. The transaction is estimated to be closed by February 2017. The assets in the portfolio are located in 20 different cities across Finland.
Altor AB has announced a recommended cash offer to the shareholders of Transcom. The Offer values Transcom at approximately SEK 2,294 million.
Our Senior Associate, Toni Malminen, has been awarded the doctorate degree in law and his thesis, 'The Intellectual Origins of Legal Realism', was awarded with highest distinction by the Faculty of Law at the University of Helsinki.
Hannes Snellman acted as counsel to Niam in its acquisition of an office property in Helsinki from Commerz Real Investmentgesellschaft MBH. The property, called Life Science Center Keilaniemi, is in an excellent location close to the Keilaniemi metro station in Espoo. Life Science Center Keilaniemi comprises five high-quality interconnected office buildings constructed between 2004 and 2008, with a combined lettable area of approximately 32,000 sqm.
Hannes Snellman has a long tradition in corporate citizenship and pro bono work. One of our traditions is to each year make an annual donation to causes and organisations that share similar values with us. In 2016, Hannes Snellman has decided to support Unicef, Save the Children, and Kompis Sverige.