Competition & Regulatory
Competition & Regulatory
Our Competition & Regulatory practice is a team of outstanding and diverse professionals with a genuine passion for competition law and for helping our clients’ businesses succeed.
We regularly advise on critical competition, regulatory, and compliance related matters, and we are recognised and highly ranked by our clients and peers in the competition and regulatory fields.
While the assignments are often challenging and complex, we also support our clients in swiftly solving their everyday practical issues.
We have exceptionally extensive experience of both international and domestic cases in a wide range of areas, including:
Our team members have diverse backgrounds from in-house legal roles, enforcement authorities and regulators, as well as economics, which is reflected in the hands-on practical approach of serving our clients.
References
Parties:
MediaMarkt Sweden, Media-Saturn-Holding GmbH, Power International AS
Transaction:
Northern European electronics retailer Power acquired 100 per cent of the shares in MediaMarkt Sweden.
Deal value:
Value not public
Role:
Counsel to Power Sweden International AS

Richard Åkerman

Miklos Kovacs Kal

Tanja Schnitt

Nicolina Hultgren Farsani

Alexander Lindqvist

Jenny Lundberg

Josephine Lindgren

Mikael Stabo

Andreas Wingren

Jessica Tressfeldt

Anna Ribenfors

Peter Forsberg

Emma Fröderberg Shaiek
Parties
A consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital (buyer), Caverion Oyj (Target)
TransactionÂ
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 valueÂ
EUR 955 million
RoleÂ
Counsel to the offeror consortium consisting of Security Trading, Fennogens Investments, Corbis, and Bain Capital

Mikko Heinonen

Klaus Ilmonen

Anniina Järvinen

Marcus Lehtinen

Aki Salmela

Tuire Kuronen

Riikka Kuha

Heikki Vesikansa

Harri Vehviläinen

Ilmari Mäkimattila

Stefan Stellato

Maria Wasastjerna

Helena Lamminen

Laura Sainio

Tuomas Toivonen
Parties:
Cargotec Corporation, Konecranes Plc
Transaction:
Merger of Cargotec Corporation and Konecranes Plc
Deal value:
Approx. EUR 2.7 billion
Role:
Counsel to Konecranes Plc

Mikko Heinonen

Sonja Siggberg

Peter Forsberg

Mikko Huimala

Markus Bremer

Jenni Heurlin

Johanna Haltia-Tapio

Ingrid Remmelgas

Sini Paajanen

Matias Moberg

Riikka Kuha

Kaisa Himmanen

Agda Vähä-Piikkiö

Linnea Lehtonen

Maria Wasastjerna

Pauliina Sutinen

Jenni Parviainen

Heikki Vesikansa

Khaled Talayhan

Mattias Friberg

Marc Tevell de Falck

Carolina Lefort Ahokanto

Sarah Ek
Parties
The German State (Buyer), Fortum Oyj (Seller), Uniper SE (Target)
TransactionÂ
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 valueÂ
Approx. EUR 4.5 billion
RoleÂ
Finnish counsel to Fortum Oyj

Mikko Heinonen

Antti Nyberg (Alanko)

Sonja Siggberg

Klaus Ilmonen

Markus Bremer

Mikko Huimala

Jan Lilius

Mikko Tavast

Matias Moberg

Robert Gordin

Sofi Lehtinen
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

Tuire Kuronen

Susanna Purovirta

Joonas Vartia

Maria Wasastjerna

Päivi Tammilehto

Lauri Putkonen

Klaus Metsä-Simola

Milla Männistö

Anna Mäkinen

Wilhelm Sanmark

Panu Vikberg

Marta Kauppinen
Parties:
Oriola, Kronans Apotek, Apoteksgruppen
Transaction:
Counsel to Oriola in obtaining merger clearance for the creation of a joint venture consisting of Kronans Apotek and Apoteksgruppen
Deal Value:
Not public
Role:
Counsel to Oriola

Peter Forsberg

Marcus Nyberg

Oskar Helsing
Parties:
Esperi Care (target), Danske Bank, SEB, and Ilmarinen (majority owners), Triton (buyer)
Transaction:
Counsel to Esperi Care and its majority owners Danske Bank, SEB, and Ilmarinen in the acquisition of the majority of Esperi Care’s shares by Triton Smaller Mid Cap Fund II advised by Triton.
Deal Value:
Value not public.
Role:
Counsel to Esperi Care and its majority owners

Sten Olsson

Antti Nyberg (Alanko)

Annika Schauman

Tuomas Toivonen

Matias Moberg

Emmi Kantola

Heikki Vesikansa

Stefan Stellato

Maria Wasastjerna

Lauri Putkonen

Jenni Heurlin
Parties:
The Kingdom of Sweden, Orio AB, Hedin Mobility Group AB
Transaction:
Counsel to the Kingdom of Sweden in the sale of Orio AB to Hedin Mobility AB
Deal Value:
Value not public
Role:
Counsel to the Kingdom of Sweden

Claes Kjellberg

Douglas Essehorn

Peter Forsberg

Oskar Helsing

Lars Lundgren
Parties:
KLAR Partners, Oleter Group, Swoosh
Transaction:
Counsel to KLAR Partners backed Oleter Group in the merger between its underground infrastructure maintenance business (UIM) and Swoosh
Deal Value:
Value not public
Role:
Counsel to KLAR PartnersÂ

Claes Kjellberg

Miklos Kovacs Kal

Emma Andersson

Tanja Schnitt

Anna Nordin Pettersson

Josephine Lindgren

Andreas Wingren

Fredrik Olsson

Carolina Wahlby

Amanda Alexandersson

Peter Forsberg

Lars Lundgren

Olof Östman
Parties:
Ahlström Capital BV and Nidoco AB (buyers), Ahlstrom-Munksjö (seller), Decor Solutions business area (target)
Transaction:
The buying consortium comprising Ahlström Capital BV and Nidoco AB, in the investment in the majority share of Ahlstrom-Munksjö’s Decor Solutions business area.
Deal Value:
Value not public
Role:
Counsel to the buying consortium (Ahlström Capital BV and Nidoco AB)
Â

Johanna Wärnberg

Johan Aalto

Mikael Lustig

Antti Nyberg (Alanko)

Pauliina Sutinen

Matias Moberg

Panu Siitonen

Anniina Jaatinen

Peter Forsberg

Lars Lundgren

Maria Wasastjerna

Essi Ellman

Sofia Saarelainen

Anna Nordin Pettersson

Alexander Lindqvist
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

Klaus Ilmonen

Tommi Kovero

Kaisa Himmanen

Aki Salmela

Robert Gordin

Joonas Vartia

Linnea Lehtonen

Roope Sevón

Heikki Vesikansa

Harri Vehviläinen

Sofia Ampuja

Mikko Huimala

Meri Dahlqvist

Susanna Kyllöinen

Markus Bremer

Pauliina Sutinen

Johanna Haltia-Tapio

Anna Nyberg

Outi Jousi

Annika Juhola

Axel Hård af Segerstad
PartiesÂ
Kingdom of Sweden (Seller), Metria AB (Target), Sikri Holding AS (Buyer)
TransactionÂ
Counsel to the Kingdom of Sweden in the sale of Metria AB to Sikri Holding AS
Deal ValueÂ
Value not public
Role
Counsel to the Kingdom of Sweden

Claes Kjellberg

Johanna Wärnberg

Douglas Essehorn

Alexander Lindqvist

Nicolina Hultgren Farsani

Anna Wahlbeck

Peter Forsberg

Oskar Helsing

Lars Lundgren

Andreas Wingren

Jenny Lundberg

Lisa Pålsson

Elisabeth Vestin

Jessica Tressfeldt

Julia Nordgren
PartiesÂ
Oriola Corporation, Euroapotheca, Kronans Apotek and Apoteksgruppen
TransactionÂ
Counsel to Oriola Corporation in the Formation of a Joint Venture with Euroapotheca combining the Swedish retail pharmacy chains Kronans Apotek and Apoteksgruppen.
Deal ValueÂ
EUR 700 million
Role
Counsel to Oriola Corporation

Mikael Klang

Tanja Schnitt

Mikko Heinonen

Annemari Rosi

Peter Forsberg

Marcus Nyberg

Oskar Helsing

Elisabeth Vestin

Olof Östman

Jenny Lundberg

Lisa Pålsson

Markus Bremer

Carolina Wahlby

Oscar Bengtsson

Andreas Wingren
PartiesÂ
NeoGames S.A., Aspire Global plc
TransactionÂ
Counsel to NeoGames S.A. in its public offer for Aspire Global plc
Deal ValueÂ
SEK 4.3 billion
Role
Counsel to NeoGames S.A.

Ola Åhman

Mattias Friberg

Marcus Lehtinen

Marc Tevell de Falck

Lisa Kindstedt

Anton Eriksson

Maria Orrgard

Peter Forsberg
PartiesÂ
Fazer Group and Trensums Food
TransactionÂ
Counsel to Fazer Group in its acquisition of Trensums Food
Deal ValueÂ
Not public
Role
Counsel to Fazer Group

Richard Åkerman

Miklos Kovacs Kal

Jonas Sjöberg

Emma Andersson

Mikael Stabo

Andreas Wingren

Jessica Tressfeldt

Josephine Lindgren
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)

Riikka Rannikko

Sini Paajanen

Robert Gordin

Satu Kokko

Panu Siitonen

Mikko Huimala

Peter Forsberg

Lauri Putkonen

Essi Ellman

Susanna Kyllöinen

Piia Ahonen

Marika Sorsa
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

Sonja Siggberg

Klaus Ilmonen

Anniina Järvinen

Robert Gordin

Kaisa Himmanen

Ebba Almén

Mikko Huimala

Lauri Putkonen

Essi Ellman

Jenni Heurlin

Peter Forsberg

Sarah Ek

Heikki Vesikansa

Harri Vehviläinen

Isabella Kartila

Markus Bremer

Tuomas Toivonen

Sami Niemi

Johanna Haltia-Tapio

Risto Ojakoski

Jenny Lundberg

Josephine Lindgren

Panu Siitonen

Sarita Schröder
Parties
Assemblin, Tom Allen Senera
Transaction
Counsel to Assemblin in its acquisition of Tom Allen Senera, a Finland-based systems supplier of energy solutions to properties.
Deal Value
Value not public
Role
Counsel to Assemblin

Sten Olsson

Klaus Metsä-Simola

Emmi Kantola

Sami Niemi

Johanna Haltia-Tapio

Risto Ojakoski
PartiesÂ
Virala Acquisition Company Plc, Purmo Group Ltd
TransactionÂ
Virala Acquisition Company Plc's merger with Purmo Group Ltd.
Deal ValueÂ
EUR 685 million
Role
Counsel to Virala Acquisition Company Plc

Sonja Siggberg

Anniina Järvinen

Linnea Lehtonen

Tommi Kovero

Sini Paajanen

Tero Pikkarainen

Oliver Vesterlund

Heikki Vesikansa

Stefan Stellato

Isabella Kartila

Antti Nyberg (Alanko)

Pauliina Sutinen

Axel Hård af Segerstad

Wilhelm Sanmark

Mikko Huimala

Jenni Heurlin

Douglas Essehorn

Emma Andersson
PartiesÂ
Holmström Fastigheter AB, Areim AB, Magnolia Bostad AB
TransactionÂ
Counsel to consortium of F. Holmström Fastigheter AB and Areim AB on its public offer for Magnolia Bostad AB
Deal ValueÂ
The offer values Magnolia Bostad at approximately SEK 2,9 billion
Role
Counsel to consortium of F. Holmström Fastigheter AB and Areim AB

Ola Åhman

Mattias Friberg

Emma Greiff

Anton Eriksson

Fredrik Olsson

Peter Forsberg

Mikael Stabo

Alexander Lindqvist

Andreas Wingren
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.Â
Deal Value
The combined value of the merging companies is approximately EUR 7 billion.
Role
Lead counsel to Valmet

Johan Aalto

Klaus Ilmonen

Jon Termonen

Annemari Rosi

Aki Salmela

Sofi Lehtinen

Satu Kokko

Kaisa Himmanen

Mikko Huimala

Meri Dahlqvist

Susanna Kyllöinen

Antti Nyberg (Alanko)

Pauliina Sutinen

Heikki Vesikansa

Jenni Parviainen

Harri Vehviläinen
PartiesÂ
The State of Finland, Finnair Plc
TransactionÂ
Counsel to the State of Finland in the hybrid loan arrangement with Finnair Plc
Deal ValueÂ
Up to EUR 400 million
RoleÂ
Counsel to the State of Finland (Prime Minister’s Office)
Â
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Riikka Rannikko

Markus Bremer

Mikko Huimala

Klaus Ilmonen

Heikki Majamaa

Mikko Tavast

Meri Dahlqvist
PartiesÂ
AURELIUS Equity Opportunities SE & Co. KGaA, Conaxess Trade Sweden AB, Movement Group Nordic AB
Transaction
AURELIUS Equity Opportunities SE & Co. KGaA and its portfolio company Conaxess Trade Sweden AB in the acquisition of Movement Group Nordic ABÂ
Deal ValueÂ
Value not publicÂ
RoleÂ
Counsel to AURELIUS Equity Opportunities SE & Co. KGaA and its portfolio company Conaxess Trade Sweden AB

Mikael Klang

Miklos Kovacs Kal

Josephine Lindgren

Peter Forsberg
PartiesÂ
Savaria Corporation, Handicare Group AB
TransactionÂ
Savaria Corporation in Its Public Offer for Handicare Group AB
Deal value
The offer values Handicare at approximately SEK 2.9 billion
Role
Counsel to Savaria Corporation

Mattias Friberg

Ola Åhman

Marcus Lehtinen

Marc Tevell de Falck

Fredrik Olsson

Albert Danielsson

Peter Forsberg

Sarah Ek

Alexander Lindqvist

Jenny Lundberg
Parties
PPG Industries, Inc. (Bidder), Tikkurila Oyj (Target)
Transaction
Recommended public cash tender offer for all of the shares in Tikkurila by PPG Industries, Inc.
Deal Value
EUR 1.5 billion
Role
Counsel to Tikkurila Oyj

Mikko Heinonen

Klaus Ilmonen

Anniina Järvinen

Kaisa Himmanen

Agda Vähä-Piikkiö

Maria Wasastjerna

Jenni Heurlin

Laura Sainio

Meri Dahlqvist

Johanna Haltia-Tapio

Elisabeth Vestin

Satu Kokko
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

Tuire Kuronen

Agda Vähä-Piikkiö

Riikka Kuha

Mikko Huimala

Helena Lamminen

Marta Kauppinen

Outi Jousi

Eeva Tiainen
PartiesÂ
TrønderEnergi AS, Scandinavian Biogas
Transaction
The Norwegian energy company TrønderEnergi has become the largest shareholder in Scandinavian Biogas, a leading producer of biogas in the Nordics.
Deal valueÂ
Value not publicÂ
Role
Swedsih counsel to TrønderEnergi AS

Johanna Wärnberg

Mikael Stabo

Peter Forsberg

Elisabeth Vestin

Mattias Friberg

Jenny Lundberg

Albert Danielsson

Douglas Essehorn

Ebba Almén

Alexander Lindqvist

Josephine Lindgren
Parties
REF IV Luxembourg S.à r.l., AcadeMedia
Transaction
Divestment of RE Skolor AB to AcadeMedia
Deal Value
Value not public
Role
Counsel to REF IV Luxembourg S.à r.l.

Mikael Klang

Douglas Essehorn

Peter Forsberg

Jenny Lundberg

Josephine Lindgren
Counsel to Altia in competition law risk assessment and compliance review.

Maria Wasastjerna

Jenni Heurlin

Meri Dahlqvist
PartiesÂ
Paradigm Capital Value Fund SICAV, Internationella Engelska Skolan i Sverige Holdings II AB (“IES”)
TransactionÂ
Counsel to consortium led by Paradigm Capital on its public offer for Internationella Engelska Skolan
Deal ValueÂ
The offer values IES at approximately 3.3 Billion
RoleÂ
Counsel to Consortium Led by Paradigm Capital

Mattias Friberg

Ola Åhman

Christoffer Saidac

Khaled Talayhan

Marcus Lehtinen

Emma Greiff

Marc Tevell de Falck

Fredrik Olsson

Carolina Wahlby

Rezan Akkurt

Peter Forsberg
Counsel to Nordea Life in a competition law compliance matter.

Maria Wasastjerna

Helena Lamminen
Parties
Ahlstrom-Munksjö Oyj (target), a consortium consisting of Ahlström Capital, Bain Capital Private Equity, Viknum and Belgrano Inversiones (buyer)
Transaction
Recommended public cash tender offer for all shares in Ahlstrom-Munksjö Oyj by Spa Holdings 3 Oy
Deal value
Approximately EUR 2.1 billion
Role
Counsel to the consortium

Johan Aalto

Sonja Siggberg

Mattias Friberg

Antti Kuha

Annemari Rosi

Khaled Talayhan

Robert Gordin

Heikki Vesikansa

Stefan Stellato

Harri Vehviläinen

Maria Wasastjerna

Helena Lamminen

Laura Sainio

Antti Nyberg (Alanko)

Marc Tevell de Falck
Counsel to CBRE in competition and compliance related matters.

Maria Wasastjerna

Laura Sainio
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

Riikka Rannikko

Jesper Nevalainen

Mikko Huimala

Agda Vähä-Piikkiö

Jenni Heurlin
Parties
Vida AB, Bergs Timber AB (publ)
Transaction
Vida AB in the Acquisition of Bergs Timber AB’s (publ) Swedish Sawmill Business
Deal ValueÂ
SEK 400 million
RoleÂ
Counsel to Vida AB

Mikael Klang

Johanna Wärnberg

Douglas Essehorn

Jenny Lundberg

Josephine Lindgren

Peter Forsberg

Mattias Friberg
Parties
City of Espoo, Kumppanuuskoulut Oy, YIT Oyj, Meridiam Investments II
Transaction
The City of Espoo signed a service agreement with Kumppanuuskoulut Oy on the implementation of five schools and three daycare centres
Deal Value
Approx. EUR 300 million
Role
Counsel to City of Espoo
Team
Rabbe Sittnikow, Jussi Ekonen, Janna Pihanurmi, Janne Veneranta, Roosa Väre, Markus Bremer, Maria Landtman, Samuli Pirinen, Heikki Vesikansa, Harri Vehviläinen, Piia Ahonen, Joakim Lavér

Rabbe Sittnikow

Janna Pihanurmi

Janne Veneranta

Roosa Väre

Markus Bremer

Maria Landtman

Heikki Vesikansa

Harri Vehviläinen

Piia Ahonen

Joakim Lavér
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.

Mikko Huimala

Klaus Ilmonen

Maria Wasastjerna

Meri Dahlqvist

Jenni Heurlin

Antti Kuha

Tommi Kovero

Satu Kokko
Series of compliance trainings for Nordea in the area of competition law and compliance.

Maria Wasastjerna

Helena Lamminen
Parties
Outotec Oyj, Metso Corporation
Transaction
The combination of Outotec and Metso Minerals through a demerger
Deal Value
EUR 3.9 billion (illustrative combined sales)
Role
Counsel to Outotec Oyj

Mikko Heinonen

Klaus Ilmonen

Markus Bremer

Peter Forsberg

Anna-Maria Tamminen

Heikki Vesikansa

Maria Wasastjerna

Johanna Haltia-Tapio

Elina Toivakainen

Jenni Parviainen

Annemari Rosi

Emmi Kantola

Ina Rautiainen

Stefan Stellato

Maria Landtman

Sarah Ek

Nathalie Miskin

Marcus Nyberg

Victor Bjerselius
Parties
NEP Group (Bidder), HDR Sweden (Target)
Transaction
NEP Group in its acquisition of HDR Sweden, a company specialised in full-service production within the live sports, entertainment and broadcast markets in Sweden, Norway, Denmark and Finland
Deal Value
Value not public
Role
Counsel to NEP Group

Claes Kjellberg

Peter Forsberg

Moa Fritzon Torbjelt

Jonas Sjöberg

Douglas Essehorn

Jenny Lundberg
Parties
Ramirent Plc (buyer), Stavdal AB
Transaction
Ramirent in its acquisition of Stavdal AB to become the leading company in Swedish equipment rental market
Deal Value
EUR 158 million
Role
Counsel to Ramirent Plc