Mikko Huimala

Parties:

Prime Minister’s Office, Finnair Plc

Transaction:

Hannes Snellman acted as counsel to the Prime Minister’s Office in the rights offering of Finnair Plc, the Finnish airline with the State of Finland being the majority owner. Hannes Snellman advised, among other, on the share subscription made by the State of Finland by way of offsetting, in part, a capital loan provided by the State of Finland to Finnair, and related state-aid law matters. The rights offering of EUR 570 million is one of the largest rights offerings in Finland in recent years.

Deal value:

Approximately EUR 570 million

Role:

Counsel to Prime Minister’s Office

Parties:

Otava Ltd, Alma Media Corporation

Transaction:

Otava Ltd's mandatory public tender offer for Alma Media Corporation

Deal value: 

EUR 523.7 million

Role:

Counsel to Otava Ltd

Parties:

Uponor Corporation (target), Georg Fischer Ltd (buyer)

Transaction: 

Counsel to Uponor Corporation in the recommended public cash tender offer by Georg Fischer Ltd to purchase all of the issued and outstanding shares of Uponor Corporation. 

Value:

EUR 2.1 billion

Role:

Counsel to Uponor Corporation

Parties:

Sega Europe Limited and SEGA Corporation (Buyers) Rovio Entertainment Corporation (Target)

Transaction:

Counsel to Sega Europe Limited and SEGA Corporation in the recommended public cash tender offer for all shares and options in Rovio Entertainment Corporation.

Deal value: 

Approximately EUR 706 million

Role:

Counsel to Sega Europe Limited and SEGA Corporation

Parties 

State of Finland and its Defence Forces

Transaction 

Counsel to the State of Finland and its Defence Forces in the project to procure a fighter aircraft system to replace its current fleet of 64 F/A-18 Hornet aircraft.

Deal value 

EUR 10 billion

Role 

Counsel to the State of Finland and its Defence Forces.

Parties:

Cargotec Corporation, Konecranes Plc

Transaction:

The announced, but subsequently abandoned, merger of Cargotec and Konecranes in 2021-2022

Deal value:

Approx. EUR 2.7 billion

Role:

Counsel to Konecranes Plc

Parties

The German State (Buyer), Fortum Oyj (Seller), Uniper SE (Target)

Transaction 

Fortum Oyj’s arrangements related to stabilisation of its German subsidiary Uniper SE. The package will ensure multi-billion funding for Uniper, sale of Fortum’s shareholding in Uniper to the German State for approximately EUR 0.5 billion as well as repayment of Fortum’s EUR 4 billion receivables from Uniper and release of EUR 4 billion parent company guarantees.

Deal value 

Approx. EUR 4.5 billion

Role 

Finnish counsel to Fortum Oyj

Parties:

Duunitori Oy and its owners (seller), Intera Partners (buyer)

Transaction:

Counsel to Duunitori Oy and its owners in the sale of majority of Duunitori’s share capital to Intera Partners

Deal Value:

Value not public

Role:

Counsel to Duunitori Oy

Parties:

Gasgrid Finland Oy, Excelerate Energy

Transaction:

Gasgrid Finland Oy's chartering of an LNG Floating Storage and Regasification Unit from Excelerate Energy.

Deal Value:

EUR 460 million

Role:

Counsel to Gasgrid Finland Oy

Parties

Digital 9 Infrastructure plc (Buyer), Pontos Oy, Taaleri Datacenter Ky, other sellers (Sellers), Ficolo Oy (Target)

Transaction

Sale of Ficolo Oy to Digital 9 Infrastructure plc

Deal Value

EUR 135 million

Role

Counsel to Pontos Oy, Taaleri Datacenter Ky, and other sellers

Parties

Basware Corporation (target), a consortium consisting of Accel-KKR, Long Path Partners, and Briarwood Chase Management (buyer)

Transaction

Counsel to the offeror consortium of Accel-KKR, Long Path Partners, and Briarwood Chase Management in the tender offer for all outstanding securities in Basware Corporation.

Deal Value

EUR 620 million

Role

Counsel to the consortium

Parties 

IK Partners (Buyer), Intera Fund II Ky, Intera Fund III Ky, management and other minority shareholders (Sellers), Renta Group Oy (Target)

Transaction 

Intera Partners’ sale of Renta Group Oy to IK Partners

Deal Value 

Role

Counsel to Intera Partners

Parties

Anora Group Plc (Altia Plc, Arcus ASA) and Galatea AB

Transaction

Required pre-closing divestment of Altia’s brands Skåne Akvavit, Hallands Fläder, and Brøndums and cognac brand Grönstedts (along with Arcus’s aquavit brand Akevitt Spesial and spirits brands S.P.R.T. and Dworek) to Galatea AB. The divestment to a suitable buyer was required by the Finnish, Norwegian, and Swedish competition authorities as a condition to their approval of the merger between Altia and Arcus to form Anora Group.

Deal value

Not public

Role

Lead counsel to Altia Plc (Anora Group Plc)

Parties

Altia Plc, Arcus ASA

Transaction

Merger of Altia Plc and Arcus ASA to form Anora Group

Deal value

Preliminary aggregated annual revenue EUR 640 million

Role

Lead counsel to Altia Plc

Parties 

Virala Acquisition Company Plc, Purmo Group Ltd

Transaction 

Virala Acquisition Company Plc's merger with Purmo Group Ltd.

Deal Value 

EUR 685 million

Role

Counsel to Virala Acquisition Company Plc

Parties

Valmet, Neles

Transaction

Hannes Snellman acted as lead counsel to Valmet, a leading global developer and supplier of process technologies, automation, and services for the pulp, paper, and energy industries, in its merger with Neles, one of the leading providers of mission-critical flow control solutions and services for process industries in Finland. 

Deal Value

The combined value of the merging companies is approximately EUR 7 billion.

Role

Lead counsel to Valmet

Parties

Castellum, Kielo, Blackstone Tactical Opportunities, Brunswick Real Estate.

Transaction

Hannes Snellman acted as counsel to Castellum in its acquisition of property company Kielo from Blackstone Tactical Opportunities and Brunswick Real Estate.

Deal Value

EUR 640 million

Role

Counsel to Castellum

Parties 

The State of Finland, Finnair Plc

Transaction 

Counsel to the State of Finland in the hybrid loan arrangement with Finnair Plc

Deal Value 

Up to EUR 400 million

Role 

Counsel to the State of Finland (Prime Minister’s Office)

Parties 

AMF Pensionsförsäkring AB (Buyer), Keva (Seller), Caruna (Target)

Transaction 

AMF Pensionsförsäkring AB’s acquisition of a 12.5% minority stake in Caruna from Keva

Value

Value not public

Role 

Counsel to AMF Pensionsförsäkring AB

Team

Rabbe Sittnikow, Erik Stenman, Jussi Ekonen, Janna Pihanurmi, Aaron Fagerholm, Noora Britschgi, Pauliina Sutinen, Janne Veneranta, Susanna Hernberg, Beata-Maria Pippingsköld, Laura Sainio, and Mikko Huimala.

Parties 

Oy Linde Gas Ab (Buyer), Neste Markkinointi Oy (Seller), Neste’s cylinder gas business and stake in Oy Innogas Ab (Targets)

Transaction 

Oy Linde Gas Ab’s acquisition of Neste Markkinointi Oy’s cylinder gas business and Neste Markkinointi Oy's stake in Oy Innogas Ab, a provider of LPG cylinder filling, requalification and logistics services.

Value

Value not public

Role 

Counsel to Oy Linde Gas Ab

Parties 

Mayr-Melnhof Cartonboard International GmbH, Kotkamills Group Oyj

Transaction 

Mayr-Melnhof Cartonboard International GmbH's acquisition of Kotkamills Group Oyj

Deal Value 

Approx. EUR 425 million

Role

Counsel to Mayr-Melnhof Cartonboard International GmbH

Parties

Telia Finland (Seller) and AddSecure (Buyer)

Transaction

Telia Finland’s divestment of Telia Alerta business to AddSecure

Deal Value

Value not public

Role

Counsel to Seller/Telia Finland

Parties

Sanoma Media Finland Oy (Seller), Schibsted (buyer), Oikotie Ltd (target)

Transaction

The sale of Sanoma’s online classifieds business Oikotie to Schibsted

Deal value

EUR 185 million

Role

Counsel to Sanoma Group

Core team

Riikka Rannikko, Jesper Nevalainen, Mikko Huimala, Agda Vähä-Piikkö, Jenni Heurlin, Anton Pirinen

Comprehensive advice on the state aid law for the Prime Minister’s Office concerning the recapitalisation (rights offering) of the state-controlled airline Finnair Plc, including advise on the notification procedure before the European Commission. The rights offering of 500 MEUR is one of the largest rights offerings in Finland in recent years. The Commission’s decision in the case lead to amendments to the COVID-19 related State Aid Temporary Framework.

Parties

Sanoma Group (Buyer), Alma Media Corporation (Seller), Alma Media Kustannus Oy and Alma Manu Oy (Targets)

Transaction

Sanoma Group’s acquisition of Alma Media’s regional news media business

Deal Value

EUR 115 million (announced enterprise value)

Role

Counsel to Sanoma Group

Parties

Ilmarinen Mutual Pension Insurance Company, Kesko Corporation, Kesko Pension Fund, Kruunuvuoren Satama Oy

Transaction

A series of transactions, whereby Ilmarinen, Kesko, and Kesko Pension Fund, among other things, dissolve their joint ownership of Kruunuvuoren Satama and Ilmarinen acquires all 3,438,885 Kesko A shares held by Kruunuvuoren Satama.

Deal Value

EUR 164 million

Role

Counsel to Ilmarinen Mutual Pension Insurance Company, Kesko Corporation, Kesko Pension Fund, and Kruunuvuoren Satama Oy

Parties

Pöyry Plc, ÅF AB

Transaction

ÅF AB and Pöyry Plc have signed an agreement to combine the two companies

Deal Value

EUR 611 million

Role

Counsel to Pöyry Plc

Parties

Wereldhave N.V. (Seller), Morgan Stanley Real Estate Investing (MSREI) (Buyer)

Transaction

Wereldhave's divestment of the Itis shopping centre to a fund advised by Morgan Stanley Real Estate Investing (MSREI)

Deal Value

Approx. EUR 520 million

Role

Counsel to Wereldhave N.V.

Parties

AtoB@C Shipping AB (Target), Aspo Plc (Bidder) Anders Nilsson (Private Investor)(Seller)

Transaction

Aspo Plc has agreed to acquire AtoB@C Shipping AB from Anders Nilsson (Private investor).

Deal Value

EUR 30 million

Role

Counsel to Aspo Plc

Parties

Orion Corporation (Seller), Axcel Management A/S (Buyer), Orion Diagnostica Oy (Target)

Transaction

Orion Corporation's divestment of the diagnostics business unit Orion Diagnostica Oy to a private equity fund managed by Axcel Management A/S

Deal Value

Value not public

Role

Counsel to Orion Corporation

Counsel to Kesko Corporation in securing unconditional merger control clearance from the Finnish Competition and Consumer Authority for its acquisition of Kalatukku E. Eriksson Ltd., a Finnish fish processor and wholesaler.

Counsel to a Finnish company before the Finnish Market Court in a merger control case subject to special expedited rules.