Hannes Snellman Counsel to SoftBank in Sale of Its Entire 72.2% Stake in Supercell
21 June 2016
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.
The Hannes Snellman team was led by Tuire Kuronen and also included Jesper Kostiainen and Annika Salparanta (M&A, Corporate), Markus Bremer (Finance), Heikki Vesikansa and Johan Hägerström (Tax), and Mikael Wahlbeck (Competition).