| M&A, Private

Hannes Snellman Finnish Counsel to Angel Pond Holdings Corporation, a NYSE listed SPAC, in Combination with MariaDB Corporation

Main Contacts

Hannes Snellman acted as Finnish counsel to Angel Pond Holdings Corporation, a blank check company listed on the New York Stock Exchange, in its combination with MariaDB Corporation Ab, a Finnish company and one of the fastest growing and most popular open source database software companies in the world.

In the transaction, Angel Pond will become a wholly owned subsidiary of Mangomill plc, an Irish public limited company (which will be renamed MariaDB plc), through a domestication merger with a wholly owned subsidiary of MariaDB plc. Immediately following such domestication merger, the current MariaDB will merge with and into MariaDB plc. Angel Pond will then be liquidated. As a result of the transaction, the shares of the combined company will be listed on the NYSE. The transaction reflects an implied enterprise value of the combined company of approximately USD 672 million. The transaction is expected to close in the second half of FY2022.

Our core team comprised Tuire Kuronen, Agda Vähä-Piikkiö, Heidi Haanpää, Susanna Purovirta, Oliver Vesterlund, Joonas Vartia (M&A, Corporate), Heikki Vesikansa, Harri Vehviläinen, Joakim Frände (Tax), Jesper Nevalainen, Liisa Vaaraniemi (IP&Tech), Risto Ojakoski (Employment), Tuomas Toivonen, and Hanna Lindberg (Finance).

Main Contacts