Tuire Kuronen

Parties:

Metsähallitus, Vattenfall

Transaction:

Counsel to the Finnish state enterprise Metsähallitus in the joint venture entered into with Vattenfall concerning Finland’s first large-scale offshore wind farm. Our assignment, commenced in 2021, entailed all legal aspects of the structured sales process followed by the creation of the joint venture and the contractual framework steering the development.

Deal Value: 

Value not public

Role:

Counsel to Metsähallitus

Parties

A consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital (buyer), Caverion Oyj (Target)

Transaction 

Counsel to the offeror consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital in the recommended public cash tender offer for all shares in Caverion Oyj.

Deal value 

EUR 955 million

Role 

Counsel to the offeror consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital

Parties

Stora Enso Oyj, UPM-Kymmene Group, Metsä Group, Sonoco-Alcore, other sellers (Sellers), Stena Recycling Oy (Buyer), Encore Ympäristöpalvelut Oy (Target)

Transaction

Sale of Encore Ympäristöpalvelut Oy to Stena Recycling Oy

Deal Value

Value not public

Role

Counsel to Stora Enso Oyj, UPM-Kymmene Group, Metsä Group, Sonoco-Alcore, and other sellers

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 

Angel Pond Holdings Corporation, MariaDB Corporation Ab

Transaction 

Combination of Angel Pond Holdings Corporation and MariaDB Corporation Ab by way of a domestication merger and cross-border merger, and related transactions

Deal Value 

USD 672 million (implied enterprise value of the combined company)

Role

Finnish counsel to Angel Pond Holdings Corporation

Parties 

Chevron Global Energy Inc (Buyer), Neste Corporation (Seller), NEXBASE™ brand and associated base oils business (Target)

Transaction 

Finnish counsel to Chevron Global Energy Inc, a wholly-owned subsidiary of Chevron Corporation, in the acquisition of the NEXBASE™ brand and associated base oils business from Neste Corporation

Deal Value 

Role

Finnish counsel to Chevron Global Energy Inc

Parties
Lassila & Tikanoja plc (JV shareholder), Neova Oy (JV shareholder), L&T Biowatti Oy (joint venture company)

Transaction
Counsel to Lassila & Tikanoja plc, a service company that is putting the circular economy into practice, in creating a joint venture with Neova Oy consolidating the parties’ energy wood businesses in Finland and Estonia. The joint venture’s turnover is approximately EUR 100 million and it employs approximately 100 employees.

Deal Value
Not disclosed

Role
Legal counsel to L&T plc

Parties

Tencent (Investor), Vitruvian Partners (Co-Investor), Enfuce Financial Services Oy (Target)

Transaction

Counsel to Tencent in its further investment in Enfuce Financial Services, a leading European Card-as-a-Service (CaaS) platform for modern card issuing and processing, in connection with a EUR 45 million Series C investment round

Deal Value

EUR 45 million

Role

Counsel to Tencent

Parties 

Landis+Gyr (Buyer), Telia Finland (Seller), Telia AMR Business (Target)

Transaction 

Telia Finland’s sale of Telia AMR Business to Landis+Gyr

Deal Value 

Value not public

Role

Counsel to Telia Finland (Seller)

Parties

Telia Company (Seller), Polhem Infra (Buyer), Telia Carrier (Target)

Transaction

Telia Company’s divestment of Telia Carrier to Polhem Infra

Deal Value

SEK 9,450 million

Role

Finnish counsel to Telia Company

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

Marrone Bio Innovations, Inc. (Buyer), shareholders of Pro Farm Technologies Oy (Sellers), Pro Farm Technologies Oy (Target)

Transaction

Marrone Bio Innovations, Inc., an international leader in sustainable bioprotection and plant health solutions, acquired Pro Farm Technologies Oy, a Finnish agriculture technology company supplying nutrient and biostimulant technology and products

Deal Value

USD 31.8 million

Role

Counsel to Marrone Bio Innovations, Inc.

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

Cherry Ventures Management GmbH (Buyer), Chief Chief Technologies Oy/Speechgrinder (Target)

Transaction

Counsel to Cherry Ventures Management GmbH in its investment and purchase of shares in Chief Chief Technologies Oy/Speechgrinder, a developer of voice technology software and application programming interface

Deal Value

Value not public

Role

Counsel to Cherry Ventures Management GmbH

Parties

Nexit Ventures (Seller), Ekahau, Inc. (Target), Ookla (Buyer)

Transaction

Nexit Ventures' sale of shares of Ekahau to Ookla

Deal Value

Value not public

Role

Counsel for Nexit Ventures and Ekahau, Inc.

Parties

Telia Company (Seller), Marginalen AB and Marginalen Bank Bankaktiebolag (Buyers), Sergel Group (Target)

Transaction

Telia Company's divestment of the Sergel Group to Marginalen AB and Marginalen Bank Bankaktiebolag

Deal Value

SEK 2,070 million (approx. EUR 222 million)

Role

Counsel to Telia Company

Parties

SoftBank Group Corporation (Seller), Tencent Holdings Limited (Buyer), Supercell (Target)

Transaction

SoftBank Group Corporation's and its affiliates' sale of all of their 72.2% stake in Supercell to an affiliate of Tencent Holdings Limited

Deal Value

Approx. USD 10.2 billion

Role

Counsel to SoftBank and its affiliates

Parties

Uponor and Belkin International

Transaction

A joint venture to pioneer in the development of intelligent water sensing and conservation technology for buildings in the U.S. and Europe.

Deal Value

USD 50 million

Role

Counsel to Uponor

Parties

Veolia, Neste and Borealis

Transaction

A transaction creating a JV with Neste and Borealis to build a new combined heat and power plant and produce and supply steam and other utilities to Neste's refinery and Borealis' petrochemical plant in Porvoo, Finland

Deal Value

Approximately EUR 350 million

Role

Counsel to Veolia

Parties

Blackstone Real Estate Partners Europe IV (Buyer), Sponda Plc and Varma Mutual Pension Insurance Company (Sellers), Certeum Corporation (Target)

Transaction

Sale of the majority stake of 57.5% of all shares in Certeum

Deal Value

Approximately EUR 500 million

Role

Counsel to Certeum Corporation and its Board of Directors

Parties

Summit Partners (Buyer), Retail Logistics Excellence - RELEX Oy and certain shareholders of RELEX (Seller), Retail Logistics Excellence - RELEX Oy (Target)

Transaction

Summit Partners' acquisition of a EUR 20 million minority stake in RELEX, a Finnish provider of supply chain software solutions for retailers

Deal Value

EUR 20 million

Role

Counsel to Summit Partners

Parties

SoftBank (Buyer), Supercell (Target)

Transaction

SoftBank's acquisition of an additional 22.7% stake in Supercell, a Finnish online gaming company

Deal Value

Value not public

Role

Finnish counsel to SoftBank

Parties

Ilmarinen and AMF (Buyer), Kesko (Seller and Co-Investor), 40 retail properties in Finland and Sweden (Target)

Transaction

JV between Kesko, Ilmarinen and AMF concerning the sale and leaseback of a portfolio of 40 retail properties in Sweden and Finland. Kesko continues as an owner of the portfolio, with AMF, Ilmarinen and Kesko having equal shares in the portfolio going forward.

Deal Value

EUR 652 million

Role

Counsel to Ilmarinen and AMF