Heikki Majamaa
Heikki Majamaa
Heikki advises clients on all types of financing transactions, including bank lending, real estate and project financing, securitisation, sustainable finance, and issues in the area of property law, with a particular focus on complex issues.
Heikki's finance expertise covers many sectors, with a special emphasis on natural resources and infrastructure. He has advised on numerous complex investments into industrial and other infrastructure facilities. He also has substantial experience of restructuring and security enforcement procedures.
References
Parties
Oy Matkahuolto Ab (Buyer), Smartmile (Seller)
Transaction
Oy Matkahuolto Ab's acquisition of Smartmile’s entire network of 148 parcel lockers in Finland.
Deal Value
Value not public
Role
Counsel to Oy Matkahuolto Ab

Heidi Haanpää

Agda Vähä-Piikkiö

Karoliina Lempiäinen

Vivi Jaatinen

Jesper Nevalainen

Wilhelm Sanmark

Ville Säteri

Heikki Majamaa

Oona Eerola

Mikko Tavast
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

Klaus Ilmonen

Mikko Huimala

Riikka Rannikko

Mikko Heinonen

Heikki Majamaa

Robert Gordin

Päivi Tammilehto

Jon Termonen
Counsel to Aareal Bank in arranging a senior secured financing for NREP’s Noli Studios co-living premises in the Herttoniemi residential area of Helsinki.

Antti Nyberg

Heikki Majamaa
Parties:
Niam
Transaction:
Niam's acquisition of 26-storey office skyscraper, the fifth tower to be constructed by SRV in Kalasatama district in Helsinki on top of the shopping centre REDI.
Deal Value:
Value not public
Role:
Counsel to Niam

Tapio Teräkivi

Marjaana Martikainen

Heikki Majamaa

Panu Vikberg

Rauli Elenius
Parties
LähiTapiola Yhteiskuntakiinteistöt Suomi Ky (buyer), the Kirkkonummi Health and Social Services Centre (target), the Municipality of Kirkkonummi (seller)
Transaction
Counsel to LähiTapiola Yhteiskuntakiinteistöt Suomi Ky in the acquisition and financing of the Kirkkonummi Health and Social Services Centre from the Municipality of Kirkkonummi.
Deal value
EUR 63.5 million
Role
Counsel to LähiTapiola Yhteiskuntakiinteistöt Suomi Ky

Matti Lajunen

Tuomas Koivuniemi

Mikael Wood

Rauli Elenius

Heikki Majamaa
Counsel to Exilion in the Construction and Financing of Isokangas and Palokangas Wind Farms. The projects will be constructed in Ii in northern Ostrobothnia, Finland, and will have an aggregate capacity of 100MW. The estimated yearly production of the two wind farms will be around 320,000 MWh. Our team advised Exilion in respect of negotiating turbine supply and services, balance of plant and financing agreements.

Maria Landtman

Katja Perätalo

Heikki Majamaa

Katja Heikkinen

Julia Ranta
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

Rabbe Sittnikow

Santeri Jääskeläinen

Heikki Majamaa

Mikko Huimala

Päivi Tammilehto

Outi Jousi

Annika Tiitola

Klaus Metsä-Simola

Jesper Nevalainen

Lasse Riski

Anniina Hämäläinen

Johanna Haltia-Tapio

Anna Nyberg
Parties
LähiTapiola Yhteiskuntakiinteistöt Suomi Ky
Transaction
Hannes Snellman acted as counsel to LähiTapiola Yhteiskuntakiinteistöt Suomi Ky in its arrangement for syndicated loan facilities for acquisition of Finnish properties
Deal Value
Value not public
Role
Counsel to LähiTapiola Yhteiskuntakiinteistöt Suomi Ky

Heikki Majamaa

Hanna Lindberg
Parties
Areim, Valio Pension Fund
Transaction
Acquisition of an office property, located in Helsinki at Kaikukatu 3 A, from Valio Pension Fund
Deal Value
Value not public
Role
Counsel to Areim

Tapio Teräkivi

Antti Nyberg

Heikki Majamaa

Katja Heikkinen

Panu Vikberg

Marika Sorsa

Hanna Lindberg
Parties
LAK Real Estate Oy, Kiinteistö Oy Apron
Transaction
Counsel to LAK Real Estate Oy in financing of hotel construction at Helsinki Airport
Deal Value
EUR 120 million
Role
Counsel to LAK Real Estate Oy and Kiinteistö Oy Apron and it's direct parent companies

Heikki Majamaa

Matias Moberg
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

Tapio Teräkivi

Heidi Haanpää

Katja Heikkinen

Julia Ranta

Mikael Wood

Susanna Purovirta

Mikko Huimala

Heikki Majamaa

Ingrid Remmelgas

Jenni Heurlin
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)

Riikka Rannikko

Markus Bremer

Mikko Huimala

Klaus Ilmonen

Heikki Majamaa

Mikko Tavast
Counsel to Skandinaviska Enskilda Banken AB (publ) Helsinki Branch in the financing of forest asset secured green loan facilities up to EUR 350,000,000 in Finland.

Markus Bremer

Heikki Majamaa

Hanna Lindberg
Parties
Nykredit Realkredit A/S, Catella
Transaction
Counsel to Nykredit Realkredit A/S in refinancing of housing company portfolio located in the Helsinki region owned by Catella
Deal Value
Value not public
Role
Counsel to Nykredit Realkredit A/S

Antti Nyberg

Heikki Majamaa

Hanna Lindberg
The Supreme Court decided the question of whether the bankruptcy estate is obligated to prepare an account to the mortgagee without delay after the sale of a parcel of real property registration unit, or alternatively, only after the real property registration unit is sold in its entirety under circumstances where allegedly the sold part could be of more value than the whole unit if sold unparcelled. Upholding the decisions of the lower courts, the Supreme Court came to the conclusion that the account and related payment must be made immediately after the sale of any part of the pledged property.

Jan Lilius

Markus Bremer

Heikki Majamaa
Parties
Nykredit Realkredit A/S, Nykredit Bank A/S, Areim, GE Healthcare Finland
Transaction
Counsel to Nykredit Realkredit A/S and Nykredit Bank A/S in financing the acquisition of an office building in Helsinki by Areim from GE Healthcare Finland
Deal Value
Value not public
Role
Counsel to Nykredit Realkredit A/S and Nykredit Bank A/S

Antti Nyberg

Heikki Majamaa
Parties
DWS (Buyer), Lehto Group plc. (Seller)
Transaction
Acquisition of a residential portfolio comprising 542 apartments from Lehto Group plc.
Deal Value
Value not public
Role
Counsel to DWS

Tapio Teräkivi

Panu Vikberg

Heikki Majamaa
Counsel to a Finnish bank in a series of litigation against a company and the owner of the company in connection with collection of receivables, bankruptcy filing and enforcement of court judgements.

Jan Lilius

Heikki Majamaa
Parties
Deutsche Asset & Wealth Management
Transaction
Deutsche Asset & Wealth Management's acquisition of a prime logistics facility in Aviapolis. The acquired complex comprises 42,000 square meters spread across an extensive distribution warehouse, cross-dock facility and stand-alone office complex.
Deal Value
Value not public
Role
Counsel to Deutsche Asset & Wealth Management

Tapio Teräkivi

Heikki Majamaa
Parties
Elementis plc (Buyer), Mondo Minerals B.V. (Target)
Transaction
A proposed acquisition of Mondo Minerals B.V. by Elementis plc
Deal Value
USD 600 million
Role
Counsel to Elementis plc

Matias Moberg

Klaus Metsä-Simola

Heikki Majamaa
Parties
Keskinäinen Eläkevakuutusyhtiö Ilmarinen, Sotkamo Silver Oy
Transaction
Keskinäinen Eläkevakuutusyhtiö Ilmarinen's investment in connection with the issuance of the EUR 13,200,000 senior secured fixed rate notes by Sotkamo Silver Oy
Deal Value
Value not public
Role
Counsel to Keskinäinen Eläkevakuutusyhtiö Ilmarinen

Markus Bremer

Heikki Majamaa
Parties
LAK Real Estate Oy, Finavia Oyj, Pontos Aero Oy, fund managed by NREP
Transaction
Counsel to LAK Real Estate Oy as borrower for secured bank loan facilities entered into in connection with acquisition of a majority interest in Finavia Oyj’s subsidiary, LAK Real Estate, by Pontos Aero Oy and a fund managed by NREP
Deal Value
Value not public
Role
Counsel to LAK Real Estate Oy

Heikki Majamaa
Parties
OP Yrityspankki Oyj
Transaction
OP Yrityspankki Oyj's financing of total EUR 100,000,000 forest asset secured loan facilities in Finland.
Deal Value
EUR 100 million
Role
Counsel to OP Yrityspankki Oyj

Markus Bremer

Heikki Majamaa
Parties
Sampo plc, Terrafame Ltd
Transaction
Sampo plc's financing of Terrafame Ltd, a Finnish multi-metal company producing primarily nickel and zinc by bioheapleaching at its mine located in Sotkamo.
Deal Value
Value not public
Role
Counsel to Sampo plc

Antti Nyberg

Heikki Majamaa
Parties
Lemminkäinen Corporation and YIT Corporation
Transaction
The combination of Lemminkäinen Corporation and YIT Corporation through a statutory merger
Deal Value
EUR 771 million
Role
Counsel to Lemminkäinen

Sonja Siggberg

Mikko Heinonen

Markus Bremer

Heikki Vesikansa

Johanna Haltia-Tapio

Elina Toivakainen

Laura Tavakka

Heikki Majamaa

Harri Vehviläinen

Jenni Heurlin

Stefan Stellato
Counsel to an international bank syndicate as a member of Creditors' Committee in an unique and complex cross border restructuring of a group of companies undergoing simultaneous formal restructuring proceedings in Finland and Sweden.

Jan Lilius

Henrik Mattson

Heikki Majamaa
Parties
Eurus Energy Holdings Corporation (Buyer), Maas Capital Renewables (Seller) and YARD ENERGY (Seller)
Transaction
Eurus Energy Holdings Corporation's acquisition of two wind farms in Finland from Maas Capital Renewables and YARD ENERGY
Deal Value
Value not public
Role
Counsel to Eurus Energy Holdings Corporation

Rabbe Sittnikow

Tapio Teräkivi

Klaus Metsä-Simola

Heikki Majamaa

Katja Heikkinen
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

Tapio Teräkivi

Tuire Kuronen

Heikki Vesikansa

Heikki Majamaa

Katja Heikkinen

Klaus Metsä-Simola

Johanna Haltia-Tapio

Anna-Maria Tamminen
Counsel to TuuliWatti Oy in permitting of several wind farms in Finland.

Katja Heikkinen

Heikki Majamaa

Klaus Metsä-Simola

Rabbe Sittnikow

Tapio Teräkivi
Memberships and Positions of Trust
- Member of the Finnish Bar Association
Publications
- "Direct agreement eli seuraantosopimus rahoitustransaktioissa", article published in the Finnish Bar Association's Defensor Legis Journal N:o 3, 2022
- "Sähköiset osakehuoneistorekisterimerkinnät rahoitustransaktioissa", article published in the Finnish Bar Association's Defensor Legis Journal N:o 6, 2020, regarding electronic housing share register entries in financial transactions.
- "Sähköiset panttikirjat rahoitustransaktioissa", article published in the Finnish Bar Association's Defensor Legis Journal N:o 3, 2017, regarding use of electronic mortgage notes in financing transactions. The article was rewarded with Law Journal Defensor Legis’ Authors’ Award 2017.
- Co-author with Markus Bremer, "Osakepanttirealisaation toteuttaminen itsekontrahointina", article published in the Finnish Bar Association's Defensor Legis N:o 4, 2010, regarding share pledge enforcement option through private sale to the pledgee.
Education and Professional Background
- Specialist Partner, Hannes Snellman, 2021–
- Counsel, Hannes Snellman, 2017–2021
- Nordea Pankki Suomi Oyj (Secondment), 2014–2015
- Senior Associate, Hannes Snellman, 2011–2017
- Associate, Hannes Snellman, 2007–2010
- Trained on the Bench, District Court of Tuusula, 2006–2007
- Master of Laws, University of Helsinki, 2006