Hannes Snellman acts as counsel to Alma Media Corporation (publisher of for instance Kauppalehti) in the exchange offer for the shares and options in Talentum Oyj (publisher of for instance Affärsvärlden). The exchange offer includes both share and cash components and the total value of the offer amounts to Eur 42.7 million.
Hannes Snellman acted as counsel to Niam in its acquisition of the Kaari shopping centre, the ninth largest shopping centre in Finland, and five freehold plots around the shopping centre. Additionally, the purchaser and the seller, Helsingin Osuuskauppa Elanto, agreed on long term leases of the seller's current premises in the shopping centre.
The transaction is the first 100% sale and purchase of a major shopping centre in Helsinki since 2008.
The partners of Hannes Snellman have elected Paula Röttorp as the new Managing Partner in Stockholm. Paula will assume her new role on 1 November 2015 and be part of Hannes Snellman's Group Management Team together with the Managing Partners in Finland and Russia.
Silja Kanerva, who works as an associate in our M&A team in Helsinki, is currently preparing for the summer Olympics 2016 in Rio de Janeiro, Brazil. Silja is competing in the 49er FX class together with her team member Sinem Kurtbay.
You can follow Silja’s and Sinem’s preparations and training on Facebook, Twitter and Instagram:
Summit Partners, a growth equity firm, has acquired a EUR 20 million minority stake in RELEX, a Finnish supply chain solution provider for retailers.
Novax, part of the Axel Johnson Group, has acquired 46% of ApoEx AB, a distributor of pharmaceuticals and consumable goods to public as well as private healthcare providers in Sweden. Founded in 2009, ApoEx was 2014 declared a “super gazelle” company by Dagens Industri and today has around 110 employees, more than 4,500 customers and an annual turnover of approximately SEK 1.7 billion.
Hannes Snellman acted as counsel to Deutsche Asset & Wealth Management, acting on behalf of the German open ended real estate fund “grundbesitz europa”, in its acquisition of a prime office property located in Leppävaara, Espoo with an underlying property value of approx. EUR 70 million from Veritas Pension Insurance Company Ltd.
Citycon has signed an agreement to sell the shopping centre Strömpilen in Umeå to Niam. The transaction value amounts to approximately EUR 39 million. For further information please see Citycon’s press release here.
Adelis Equity Partners has agreed to acquire a 70% stake in INTERSPORT Sweden. INTERSPORT is the largest sporting goods retailer in the world with 5,500 stores in 44 countries and one of the largest in Sweden, with a focus on running, cross-country skiing, fitness, football, and other team sports. The deal sees INTERSPORT Sweden acquire approximately 100 franchise stores to create a fully integrated retail group in Sweden, with the remaining 50 stores continuing to operate as franchisees.