Languages

English, Finnish, Swedish

Elina Toivakainen

Counsel Corporate Advisory, Capital Markets, M&A

Languages

English, Finnish, Swedish

Elina advises domestic and international clients on capital markets and public M&A transactions. She also frequently provides advice on disclosure obligations, insider regulation, and other regulatory issues. Elina has experience in several different equity and debt capital market transactions, including IPOs, share issues, securities offerings, private placements, bond issues, corporate transactions, and public tender offers. Moreover, she focuses on corporate governance and compliance matters.

Selected References

Parties:

Optomed Plc

Transaction:

Hannes Snellman acted as counsel to Optomed Plc, a Finnish medical technology company and a leading manufacturer of handheld fundus cameras and screening software, in its EUR 6 million directed share issue in December 2025 to ensure sufficient financing for business development utilising the company’s competitive advantage. The investors included Finnish qualified and institutional investors.

Value:

EUR 6 million

Role:

Counsel to Optomed Plc

Contacts

Parties:

Framery Group Plc, Nasdaq Helsinki

Transaction:

Hannes Snellman advised Framery Group Plc on its initial public offering and listing on Nasdaq Helsinki. The EUR 230 million transaction comprised Framery’s share issue of EUR 20 million and a share sale of up to EUR 210 million by Framery’s shareholders, implying a valuation of EUR 633 million immediately following the IPO.

Value:

EUR 633 million

Role:

Counsel to Framery Group Plc

Contacts

Parties:

Oriola Corporation

Transaction:

Counsel to Oriola Corporation in connection with the combination of share classes and the related directed share issue

Deal Value:

Value not public

Role:

Counsel to Oriola Corporation

Contacts

Parties

YIT Oyj

Transaction

Counsel to YIT Oyj in the issue of EUR 100 million senior secured green notes due 2027 and in the consent solicitation in relation to EUR 100 million green notes due 2026.

Deal Value

EUR 100 million

Role

Counsel to YIT Oyj

Contacts

Parties

Suomen Terveystalo Oy

Transaction

Terveystalo’s IPO and listing on the Nasdaq Helsinki stock exchange

Deal Value

The offering by the company and its shareholders was over EUR 870 million and the Company’s market value was over EUR 1.2 billion

Role

Counsel to Terveystalo

Contacts

Parties

Cramo Plc, Adapteo Plc

Transaction

Cramo’s partial demerger and listing of Adapteo on Nasdaq Stockholm

Deal Value

SEK 5.5 billion

Role

Counsel to Cramo Plc and Adapteo Plc

Contacts

Parties

Verkkokauppa.com Oyj

Transaction 

Verkkokauppa.com Oyj's listing on the official list of Nasdaq Helsinki on 5 June 2020

Deal Value 

Value not public

Role

Counsel to Verkkokauppa.com Oyj

Contacts

Memberships and Positions of Trust

  • Member of the Finnish Corporate Law Association (Suomen yhtiöoikeusyhdistys ry)
  • Member of the Finnish Bar Association

Professional Background

  • Counsel, Hannes Snellman, 2018–
  • Senior Associate, Hannes Snellman, 2015–2018
  • Borenius Attorneys Ltd, 2011–2015
  • Finnish Financial Supervisory Authority, 2004–2011

Education

  • Master of Science (Economics), Hanken School of Economics, 2008
  • Master of Laws, University of Helsinki, 2004