Services

Tax

Hannes Snellman’s Tax Team provides domestic and cross-border advice on all aspects of taxation, including corporate tax, transfer pricing, indirect tax, and private wealth. The team is a trusted advisor to leading domestic and international corporations, financial institutions, investors, and family offices. The team has extensive experience in complex transactions as well as defending taxpayers’ rights in high-end tax litigation. Hannes Snellman’s Tax Team combines technical excellence with a pragmatic and business-oriented approach to deliver optimal results for its clients.

Hannes Snellman’s Tax Team has a proven track record of representing clients in demanding high-profile tax cases. Our team has the expertise to defend the taxpayer’s position in audits and disputes related to, for instance, corporate taxation, transfer taxation, personal income taxation, VAT and other indirect taxation, and transfer pricing. With our substantial experience, we assist clients in every step of the process.

We represent our clients in pre-emptive discussions with the Tax Administration and in applying for advance rulings from the Tax Administration and the Central Tax Board. In addition to representing clients in appeals before the Tax Board of Adjustment, administrative courts, and the Supreme Administrative Court, we leave no stone unturned in protecting taxpayers’ rights. We also have experience assisting clients in more exceptional processes, such as alternative dispute resolution, extraordinary appeals, complaints to the Chancellor of Justice, the Parliamentary Ombudsman and the European Commission as well as in appeals to the European Court of Human Rights.

Hannes Snellman’s Tax Team has acted as counsel for taxpayers in several significant cases that have resulted in important case law precedents in Finnish tax law.

Be it passing on wealth to the next generation or finding a more tax-efficient way of managing your income and assets, private wealth tax matters can be highly complex. Individuals and families all have their unique needs and circumstances that require a personalised approach from expert legal advisers. Hannes Snellman offers a first-class client experience built on trust and long-term relationships.

Our Tax Team supports high-net-worth individuals and family businesses in a variety of matters, including tax matters of family offices and investment companies, succession, generation shifts, relocation, trusts, and investment structures. The team is experienced in handling complex cross-border matters, where needed, in seamless collaboration with our networks of foreign lawyers.

We also assist our private clients in tax controversy, in which frequent topics include, among other things, tax residency and insurance products. At the worst, tax controversy concerning private persons may lead to criminal proceedings. Should this happen, Hannes Snellman’s criminal law experts are ready to assist our clients.

Incentivising key individuals and employees has an important impact on the success of a company. In this respect, it is crucial to build the incentives so that they give the desired outcomes. The Tax Team regularly advises clients on tax and social security consequences of incentive plans, such as bonus programmes, employee offerings, share awards, and options. Hannes Snellman also assists clients in obtaining rulings on tax and social security treatment as well as drafting plan documentation.

Businesses operating in any industry can, and likely will, encounter questions concerning value added taxation and other indirect taxation. Our indirect tax team offers personalised, first-class solutions tailored to address the client’s needs.

Our tax professionals have extensive expertise in VAT, customs, and excise duties with special proficiency in VAT questions concerning the real estate business, real estate transactions, and VAT exempt sectors such as financing. Our indirect tax experts are also well-versed in assisting clients operating in new, ground-breaking sectors where the tax questions are unchartered territory.

Our indirect tax team assists clients within a broad variety of industries with, for instance, transactional VAT advisory, deductibility of VAT, and detecting VAT risks. We also advise clients in excise duty, customs, and other indirect tax related matters.

Our indirect tax experts Piia Ahonen and Marika Sorsa have published a hardcover book on value added taxation in the real estate business.

Transfer pricing is not an exact science but nevertheless requires exact expertise. The Finnish transfer pricing landscape requires businesses to navigate through a complex combination of obligatory requirements and flexible procedures to obtain tax certainty.

Our transfer pricing team has broad experience of, for instance, transfer pricing audits, pre-emptive discussion processes, TP model planning, APA, MAP, cross-border dialogue processes, and cooperative compliance programmes. We assist clients in business reorganisations, transfer pricing litigation, and various domestic and cross-border procedures.

Hannes Snellman’s Tax Team provides advice in major public and private M&A, capital markets, real estate, infrastructure, and renewable energy transactions, and fund structures. Our experienced and dedicated tax practitioners help clients with, for instance, tax structuring, advance tax ruling proceedings, and tax due diligence.

Our Tax Team regularly advises clients in the largest and most high-profile transactions on the Finnish market. Hannes Snellman’s tax specialists are highly accomplished in advising taxpayers in cases involving complex cross-border tax elements. The team is trusted by clients to navigate new legal phenomena and find solutions to complex issues. With excellent understanding of our clients’ business, the team has great ability to provide practical, tailored solutions.

References

Tax Controversy | Private Wealth | VAT, Customs, and Excise Duties | Transactional Tax | Transfer Pricing

Parties

Sampo plc and Topdanmark A/S

Transaction

Sampo plc's recommended public exchange offer for the shares in Topdanmark A/S

Deal Value

DKK 33 billion

Role

Counsel to Sampo plc

Sonja Siggberg

Sonja Siggberg

Partner
sonja.siggberg@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Jon Termonen

Jon Termonen

Managing Associate
jon.termonen@hannessnellman.com
Robert Gordin

Robert Gordin

Senior Associate
robert.gordin@hannessnellman.com
Aki Salmela

Aki Salmela

Associate
aki.salmela@hannessnellman.com
Samuel Åkerlund

Samuel Åkerlund

Associate
samuel.akerlund@hannessnellman.com
Tobias Palmgren

Tobias Palmgren

Associate
tobias.palmgren@hannessnellman.com
Sofi Lehtinen

Sofi Lehtinen

Associate
sofi.lehtinen@hannessnellman.com
Roope Sevón

Roope Sevón

Associate
roope.sevon@hannessnellman.com
Semmi Seljavaara

Semmi Seljavaara

Associate
semmi.seljavaara@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com
Annika Sillanpää

Annika Sillanpää

Associate
annika.sillanpaa@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner
mikko.huimala@hannessnellman.com
Laura Sainio

Laura Sainio

Associate
laura.sainio@hannessnellman.com
Anders Bygglin

Anders Bygglin

Partner
anders.bygglin@hannessnellman.com
Aleksiina Markkula

Aleksiina Markkula

Associate
aleksiina.markkula@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner
jesper.nevalainen@hannessnellman.com
Lasse Riski

Lasse Riski

Specialist Partner
lasse.riski@hannessnellman.com
Anni Ollus

Anni Ollus

Senior Legal Assistant
anni.ollus@hannessnellman.com
Melisa Göllü

Melisa Göllü

Legal Assistant
melisa.gollu@hannessnellman.com
Anni Nohteri

Anni Nohteri

Legal Assistant
anni.nohteri@hannessnellman.com

Parties

Cargotec Corporation and Kalmar Corporation

Transaction

Cargotec’s partial demerger and separation of Kalmar

Deal Value

Approx. EUR 2.0 billion (illustrative carve-out sales)

Role

Counsel to Cargotec Corporation and Kalmar Corporation

Antti Kuha

Antti Kuha

Partner
antti.kuha@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate
annemari.rosi@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Senior Associate
linnea.lehtonen@hannessnellman.com
Tommi Kovero

Tommi Kovero

Senior Associate
tommi.kovero@hannessnellman.com
Claes Backström

Claes Backström

Associate
claes.backstrom@hannessnellman.com
Charlotta Palm

Charlotta Palm

Associate
charlotta.palm@hannessnellman.com
Julius Lempiäinen

Julius Lempiäinen

Associate
julius.lempiainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Anton Falkenberg

Anton Falkenberg

Counsel
anton.falkenberg@hannessnellman.com
Anna-Emilia Vuorenmaa

Anna-Emilia Vuorenmaa

Associate
anna-emilia.vuorenmaa@hannessnellman.com
Markus Bremer

Markus Bremer

Partner
markus.bremer@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate
janne.veneranta@hannessnellman.com
Josefina Aalto

Josefina Aalto

Counsel
josefina.aalto@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner
jesper.nevalainen@hannessnellman.com
Panu Siitonen

Panu Siitonen

Partner
panu.siitonen@hannessnellman.com
Lasse Riski

Lasse Riski

Specialist Partner
lasse.riski@hannessnellman.com
Maria Aholainen

Maria Aholainen

Counsel
maria.aholainen@hannessellman.com
Wilhelm Sanmark

Wilhelm Sanmark

Associate
wilhelm.sanmark@hannessnellman.com
Simon Mittler

Simon Mittler

Associate
simon.mittler@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com
Annika Sillanpää

Annika Sillanpää

Associate
annika.sillanpaa@hannessnellman.com
Oona Eerola

Oona Eerola

Associate
oona.eerola@hannessnellman.com
Essi Svartling

Essi Svartling

Counsel
essi.svartling@hannessnellman.com
Noora Britschgi

Noora Britschgi

Senior Associate
noora.britschgi@hannessnellman.com
Päivi Tammilehto

Päivi Tammilehto

Counsel
paivi.tammilehto@hannessnellman.com
Monika Parkkinen

Monika Parkkinen

Legal Assistant
monika.parkkinen@hannessnellman.com
Anni Nohteri

Anni Nohteri

Legal Assistant
anni.nohteri@hannessnellman.com

Counsel to a Finnish listed company in a dispute concerning Finnish withholding tax on dividends paid abroad between 2014 and 2016.

The matter concerned dividend payments to a foreign financial institution. In accordance with the applicable tax treaty, the company had applied a withholding tax (WHT) of 0% at source on the dividends.

The Tax Administration conducted a tax audit and claimed that the company had failed their investigation duty, that the financial institution was not the beneficial owner of the dividend income due to the shares being subject to a share lending agreement, and that the company should have thus withheld a WHT of 20% on the dividends. The Tax Administration issued a new tax assessment decision, imposing not only a WHT of 20% but also a tax increase on the company. The circumstances were peculiar in the sense that the dividends had already been paid to the foreign dividend recipient, and now the Tax Administration approached the Finnish listed company (unable to recall the dividend payments made) with a claim to settle the foreign dividend recipient’s tax from the company’s own funds. The Tax Administration alleged that the dividend payer would, under law, have a duty to investigate whether each dividend recipient is entitled to tax treaty benefits in accordance with their respective tax treaties (including “beneficial owner” concepts of such treaties, if any). The Tax Administration made this allegation even though the wording of the relevant Finnish law clearly stated that the dividend payer shall only obtain the name, address, and ID number of each dividend recipient to be able to apply tax treaty WHT rates on dividends paid abroad.

The company applied for adjustment and received a unanimously positive decision from the Tax Adjustment Board, who found that the company had fulfilled its duties under law when applying the WHT 0% on the dividends. However, the state’s representative appealed the adjustment decision to the Administrative Court.

The Administrative Court, similarly, unanimously found that the company had fulfilled its investigation duties under Section 10 of the Finnish WHT Act by obtaining the information exhaustively listed in the law (name, address, and ID number of dividend recipient) and that the tax auditors’ interpretation of the law (i.e. wider investigation duty, including interpretation of the “beneficial owner” concept in tax treaties) was found to be without merit. With these arguments, no WHT or tax increase was to be imposed on the company. The Court, thus, abided by the very basic source of law doctrine, whereby taxes can only be levied based on Finnish law, as enacted by the Finnish Parliament, and international tax treaties can only limit the taxing rights of a country, not create them. As the ruling was based directly on domestic law, the Administrative Court did not examine or rule on the tax treaty concept of “beneficial owner”. The Administrative Court also ordered the Tax Administration to compensate the company’s legal costs of the Administrative Court proceedings to the full amount claimed. The state’s representative did not seek a leave of appeal from the Supreme Administrative Court and the decision of the Administrative Court is now binding.

The whole process began in 2018, which yields an overall duration of six years for the dispute. A material overhanging tax risk (for what were ultimately the taxes of another tax subject) was present for the client for the lengthy duration of the process, but the matter was finally resolved with the positive outcome by the Administrative Court.

This Administrative Court ruling is an important landmark on the application of the principle of legality. Interpretations made based on tax treaties cannot supersede the domestic law as basis for taxation (the so-called “golden rule” of tax treaty law).

Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Ilmari Mäkimattila

Ilmari Mäkimattila

Associate
ilmari.makimattila@hannessnellman.com

Parties

Accel-KKR, Aico Group, Juuri Partners

Transaction

Accel-KKR’s majority equity investment in Aico Group

Deal Value

Value not public

Role

Counsel to Accel-KKR, a global technology-focused investment firm

Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Tero Pikkarainen

Tero Pikkarainen

Senior Associate
tero.pikkarainen@hannessnellman.com
Joonas Vartia

Joonas Vartia

Associate
joonas.vartia@hannessnellman.com
Wilma Montonen

Wilma Montonen

Associate
wilma.montonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Marika Sorsa

Marika Sorsa

Counsel
marika.sorsa@hannessnellman.com
Sofia Ropo

Sofia Ropo

Senior Associate
sofia.ropo@hannessnellman.com
Anna Nyberg

Anna Nyberg

Senior Associate
anna.nyberg@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com
Oona Eerola

Oona Eerola

Associate
oona.eerola@hannessnellman.com
Hilma Mäkitalo-Saarinen

Hilma Mäkitalo-Saarinen

Associate
hilma.makitalo-saarinen@hannessnellman.com
Vivi Jaatinen

Vivi Jaatinen

Legal Assistant
vivi.jaatinen@hannessnellman.com
Rebecca Osola

Rebecca Osola

Senior Legal Assistant
rebecca.osola@hannessnellman.com
Anni Ollus

Anni Ollus

Senior Legal Assistant
anni.ollus@hannessnellman.com

Counsel in a Supreme Administrative Court Yearbook case on taxation of dividend paid on merger consideration shares.

Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Viivi Vikberg

Viivi Vikberg

Associate
viivi.vikberg@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com

Counsel a real estate company in a case regarding the VAT deduction of real estate investments. The Finnish Tax Administration had not accepted the VAT deductions made by the company because it had found that the premises were used for both VAT taxable and VAT exempt activities. In the case, it was evaluated from the VAT perspective how the leasing area can be determined per floor of the building while also considering how the premises are described in the articles of association.

Assisted by Hannes Snellman's tax team, the company appealed the Tax Administration’s decision to the Administrative Court and was able to prove that the premises were mostly used for purposes entitling to a VAT deduction, wherefore the company had had the right to deduct the VAT of the costs related to these premises that were used for VATable purposes. The company won the case in the Administrative Court, after which Hannes Snellman assisted the company with the preparation of corrective VAT returns and the refund of VAT that had been groundlessly left unrefunded.

 

Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Marika Sorsa

Marika Sorsa

Counsel
marika.sorsa@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com

Hannes Snellman acted as counsel to Finnish state enterprise Metsähallitus in the negotiation of contractual arrangements with Vattenfall for the expansion of the Korsnäs offshore wind farm development project.

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Specialist Partner
katja.heikkinen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Alisa Ainonen

Alisa Ainonen

Associate
alisa.ainonen@hannessnellman.com
Karoliina Kaartinen

Karoliina Kaartinen

Legal Assistant
karoliina.kaartinen@hannessnellman.com

Hannes Snellman advises NYAB Plc on its re-domiciliation and transfer of listing from Finland to Sweden. The re-domiciliation to Sweden is planned to be executed as a cross-border conversion, pursuant to the so-called EU Mobility Directive, whereby NYAB Plc, without being dissolved or liquidated, would be converted from a Finnish to a Swedish public limited liability company with its registered office in Sweden.

Sonja Siggberg

Sonja Siggberg

Partner
sonja.siggberg@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Senior Associate
linnea.lehtonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Anton Falkenberg

Anton Falkenberg

Counsel
anton.falkenberg@hannessnellman.com
Sofia Ropo

Sofia Ropo

Senior Associate
sofia.ropo@hannessnellman.com

Parties:

SULO Group, (Buyer), Molok Group Oy (Target)

Transaction:

Hannes Snellman counsel to SULO Group, a global waste management leader, in its acquisition of Molok Group Oy from Vaaka Partners.

Deal value: 

Value not public

Role:

Counsel to SULO Group

Rabbe Sittnikow

Rabbe Sittnikow

Partner
rabbe.sittnikow@hannessnellman.com
Janna Pihanurmi

Janna Pihanurmi

Senior Associate
janna.pihanurmi@hannessnellman.com
Sami Niemi

Sami Niemi

Senior Associate
sami.niemi@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Anna-Emilia Vuorenmaa

Anna-Emilia Vuorenmaa

Associate
anna-emilia.vuorenmaa@hannessnellman.com

Parties:

OP Suomi Infra Ky, (investor), Aurora Infrastructure (target), Equitix (majority owner)

Transaction:

Hannes Snellman acted as counsel to OP Suomi Infra Ky in their minority investment in Aurora Infrastructure

Deal value: 

Value not public

Role:

Counsel to OP Suomi Infra Ky

Rabbe Sittnikow

Rabbe Sittnikow

Partner
rabbe.sittnikow@hannessnellman.com
Erik Stenman

Erik Stenman

Partner
erik.stenman@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com

Parties:

Uponor Corporation (target), Georg Fischer Ltd (buyer)

Transaction: 

Counsel to Uponor Corporation in the recommended public cash tender offer by Georg Fischer Ltd to purchase all of the issued and outstanding shares of Uponor Corporation. 

Value:

EUR 2.1 billion

Role:

Counsel to Uponor Corporation

Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Sonja Siggberg

Sonja Siggberg

Partner
sonja.siggberg@hannessnellman.com
Aki Salmela

Aki Salmela

Associate
aki.salmela@hannessnellman.com
Jon Termonen

Jon Termonen

Managing Associate
jon.termonen@hannessnellman.com
Viola Karjalainen

Viola Karjalainen

Associate
viola.karjalainen@hannessnellman.com
Roope Sevón

Roope Sevón

Associate
roope.sevon@hannessnellman.com
Wilma Montonen

Wilma Montonen

Associate
wilma.montonen@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner
mikko.huimala@hannessnellman.com
Päivi Tammilehto

Päivi Tammilehto

Counsel
paivi.tammilehto@hannessnellman.com
Helena Lamminen

Helena Lamminen

Senior Associate
helena.lamminen@hannessnellman.com
Essi Ellman

Essi Ellman

Associate
essi.ellman@hannessnellman.com
Sofia Saarelainen

Sofia Saarelainen

Associate
sofia.saarelainen@hannessnellman.com
 Annika  Grönholm

Annika Grönholm

Associate
annika.gronholm@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Melisa Göllü

Melisa Göllü

Legal Assistant
melisa.gollu@hannessnellman.com
Janika Vallila

Janika Vallila

Executive Assistant
janika.vallila@hannessnellman.com
Monika Parkkinen

Monika Parkkinen

Legal Assistant
monika.parkkinen@hannessnellman.com
Anni Nohteri

Anni Nohteri

Legal Assistant
anni.nohteri@hannessnellman.com

Counsel to Beneq, a leading developer and manufacturer of atomic layer disposition (ALD) technology and provider of R&D services in restructuring the group’s intellectual property holding to correspond to the requirements of the group’s business.

Panu Siitonen

Panu Siitonen

Partner
panu.siitonen@hannessnellman.com
Anton Falkenberg

Anton Falkenberg

Counsel
anton.falkenberg@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com

Parties: 

Rebellion, Vihtan Oy

Transaction:

The acquisition of Vihtan Oy, a leading manufacturer of shower screens and glass doors, marked Rebellion’s establishment in Finland.

Deal Value:

Value not public

Role:

Counsel to Rebellion

Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Ingrid Remmelgas

Ingrid Remmelgas

Counsel
ingrid.remmelgas@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com

Parties

Citycon Oyj

Transaction

Counsel to Citycon Oyj in its tender offers of outstanding notes due 2024 of Citycon Treasury B.V. and capital securities issued by it in November 2019 and June 2021.

Deal value

Over EUR 40 million

Role

Counsel to Citycon Oyj

Anniina Järvinen

Anniina Järvinen

Partner
anniina.jarvinen@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Tommi Kovero

Tommi Kovero

Senior Associate
tommi.kovero@hannessnellman.com
Sofi Lehtinen

Sofi Lehtinen

Associate
sofi.lehtinen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com

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

Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Anniina Järvinen

Anniina Järvinen

Partner
anniina.jarvinen@hannessnellman.com
Aki Salmela

Aki Salmela

Associate
aki.salmela@hannessnellman.com
Tuire Kuronen

Tuire Kuronen

Partner
tuire.kuronen@hannessnellman.com
Riikka Kuha

Riikka Kuha

Senior Associate
riikka.kuha@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Ilmari Mäkimattila

Ilmari Mäkimattila

Associate
ilmari.makimattila@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Helena Lamminen

Helena Lamminen

Senior Associate
helena.lamminen@hannessnellman.com
Laura Sainio

Laura Sainio

Associate
laura.sainio@hannessnellman.com

Parties

Orange Capital Partners (Buyer), Starwood Capital Group and Avara Oy (Sellers)

Transaction

Hannes Snellman acted as counsel to Orange Capital Partners in the acquisition of a residential portfolio of 2,200 apartments located across 16 cities from Starwood Capital Group and Avara Oy

Deal Value

Value not public

Role

Counsel to Orange Capital Partners

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Antti Nyberg

Antti Nyberg

Partner
antti.nyberg@hannessnellman.com
Tuomas Koivuniemi

Tuomas Koivuniemi

Counsel
tuomas.koivuniemi@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate
janne.veneranta@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Noora Christiansen

Noora Christiansen

Associate
noora.christiansen@hannessnellman.com
Mikael Wood

Mikael Wood

Associate
mikael.wood@hannessnellman.com
Sofia Ropo

Sofia Ropo

Senior Associate
sofia.ropo@hannessnellman.com
Rauli Elenius

Rauli Elenius

Associate
rauli.elenius@hannessnellman.com
Alisa Ainonen

Alisa Ainonen

Associate
alisa.ainonen@hannessnellman.com
Paavo Romakkaniemi

Paavo Romakkaniemi

Associate
paavo.romakkaniemi@hannessnellman.com
Essi Peltoniemi

Essi Peltoniemi

Associate
essi.peltoniemi@hannessnellman.com
Anniina Somppi

Anniina Somppi

Associate
anniina.somppi@hannessnellman.com
Axel Hård af Segerstad

Axel Hård af Segerstad

Associate
axel.hard@hannessnellman.com
Veera Heiskanen

Veera Heiskanen

Associate
veera.heiskanen@hannessnellman.com
Viivi Vikberg

Viivi Vikberg

Associate
viivi.vikberg@hannessnellman.com
Salla Mäki

Salla Mäki

Senior Legal Assistant
salla.maki@hannessnellman.com
Tiia Mäki

Tiia Mäki

Associate
tiia.maki@hannessnellman.com
Victoria Reiter

Victoria Reiter

Legal Assistant
victoria.reiter@hannessnellman.com
Liisa Veckman

Liisa Veckman

Senior Legal Assistant
liisa.veckman@hannessnellman.com
Vivi Jaatinen

Vivi Jaatinen

Legal Assistant
vivi.jaatinen@hannessnellman.com
Janita Stenroos

Janita Stenroos

Legal Assistant
janita.stenroos@hannessnellman.com

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

Antti Nyberg

Antti Nyberg

Partner
antti.nyberg@hannessnellman.com
Matias Moberg

Matias Moberg

Managing Associate
matias.moberg@hannessnellman.com
Emmi Kantola

Emmi Kantola

Senior Associate
emmi.kantola@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Jenni Heurlin

Jenni Heurlin

Managing Associate
jenni.heurlin@hannessnellman.com

Counsel to Finnish Customs in the public procurement of bitcoin brokerage services. The assignment is related to the Finnish Government’s decision to sell the Bitcoins and other cryptocurrencies seized by Finnish Customs and allocate a significant share of the additional revenue to support Ukraine in the current war.

Outi Jousi

Outi Jousi

Counsel
outi.jousi@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner
jesper.nevalainen@hannessnellman.com
Anna Mäkinen

Anna Mäkinen

Associate
anna.makinen@hannessnellman.com
Eeva Tiainen

Eeva Tiainen

Senior Associate
eeva.tiainen@hannessnellman.com
Jari Tukiainen

Jari Tukiainen

Specialist Partner
jari.tukiainen@hannessnellman.com
Antti Kuha

Antti Kuha

Partner
antti.kuha@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com

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

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Tommi Kovero

Tommi Kovero

Senior Associate
tommi.kovero@hannessnellman.com
Aki Salmela

Aki Salmela

Associate
aki.salmela@hannessnellman.com
Robert Gordin

Robert Gordin

Senior Associate
robert.gordin@hannessnellman.com
Joonas Vartia

Joonas Vartia

Associate
joonas.vartia@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Senior Associate
linnea.lehtonen@hannessnellman.com
Roope Sevón

Roope Sevón

Associate
roope.sevon@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Sofia Ropo

Sofia Ropo

Senior Associate
sofia.ropo@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner
mikko.huimala@hannessnellman.com
Markus Bremer

Markus Bremer

Partner
markus.bremer@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com
Anna Nyberg

Anna Nyberg

Senior Associate
anna.nyberg@hannessnellman.com
Outi Jousi

Outi Jousi

Counsel
outi.jousi@hannessnellman.com
Annika Tiitola

Annika Tiitola

Associate
annika.tiitola@hannessnellman.com
Axel Hård af Segerstad

Axel Hård af Segerstad

Associate
axel.hard@hannessnellman.com

Parties

Paulig Group (seller), Valio (buyer), Gold&Green brand, intellectual property and R&D function (target)

Transaction

The divestment of Paulig’s Gold&Green brand, intellectual property and R&D function to Valio

Deal Value

Value not public

Role

Counsel to Paulig Group

Riikka Rannikko

Riikka Rannikko

Managing Partner
riikka.rannikko@hannessnellman.com
Agda Vähä-Piikkiö

Agda Vähä-Piikkiö

Senior Associate
agda.vaha-piikkio@hannessnellman.com
Sofia Saarelainen

Sofia Saarelainen

Associate
sofia.saarelainen@hannessnellman.com
Panu Siitonen

Panu Siitonen

Partner
panu.siitonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com

Parties

Orange Capital Partners and another global investor (Buyers), Morgan Stanley (Seller)

Transaction

Orange Capital Partners' and another global investor's acquisition of a residential portfolio with 37 assets and 1,900 apartments from Morgan Stanley

Deal Value

Value not public

Role

Counsel to Orange Capital Partners and another global investor

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Marjaana Martikainen

Marjaana Martikainen

Counsel
marjaana.martikainen@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate
janne.veneranta@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Noora Christiansen

Noora Christiansen

Associate
noora.christiansen@hannessnellman.com
Marika Sorsa

Marika Sorsa

Counsel
marika.sorsa@hannessnellman.com
Minna Juhola

Minna Juhola

Counsel
minna.juhola@hannessnellman.com
Mikael Wood

Mikael Wood

Associate
mikael.wood@hannessnellman.com
Sofia Ropo

Sofia Ropo

Senior Associate
sofia.ropo@hannessnellman.com
Julia Ranta

Julia Ranta

Associate
julia.ranta@hannessnellman.com
Anniina Somppi

Anniina Somppi

Associate
anniina.somppi@hannessnellman.com
Tiia Mäki

Tiia Mäki

Associate
tiia.maki@hannessnellman.com
Salla Mäki

Salla Mäki

Senior Legal Assistant
salla.maki@hannessnellman.com
Janita Stenroos

Janita Stenroos

Legal Assistant
janita.stenroos@hannessnellman.com

Parties

Smartly.io (Buyer), Ad-Lib.io (Target) and various sellers

Transaction

Acquisition of Ad-Lib.io, the next-generation creative optimization platform, by Smartly.io, the leading social advertising SaaS platform for creative and performance marketers.

Deal Value

Value not public

Role

Finnish counsel to Smartly.io

Emmi Kantola

Emmi Kantola

Senior Associate
emmi.kantola@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com

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

Riikka Rannikko

Managing Partner
riikka.rannikko@hannessnellman.com
Robert Gordin

Robert Gordin

Senior Associate
robert.gordin@hannessnellman.com
Satu Kokko

Satu Kokko

Senior Associate
satu.kokko@hannessnellman.com
Panu Siitonen

Panu Siitonen

Partner
panu.siitonen@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner
mikko.huimala@hannessnellman.com
Essi Ellman

Essi Ellman

Associate
essi.ellman@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Marika Sorsa

Marika Sorsa

Counsel
marika.sorsa@hannessnellman.com

Counsel to a Finnish private equity fund in a Supreme Administrative Court Yearbook case confirming the correct application of equity ratio exemption in interest deduction limitations.

Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

Parties 

Virala Acquisition Company Plc, Purmo Group Ltd

Transaction 

Virala Acquisition Company Plc's merger with Purmo Group Ltd.

Deal Value 

EUR 685 million

Role

Counsel to Virala Acquisition Company Plc

Sonja Siggberg

Sonja Siggberg

Partner
sonja.siggberg@hannessnellman.com
Anniina Järvinen

Anniina Järvinen

Partner
anniina.jarvinen@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Senior Associate
linnea.lehtonen@hannessnellman.com
Tommi Kovero

Tommi Kovero

Senior Associate
tommi.kovero@hannessnellman.com
Tero Pikkarainen

Tero Pikkarainen

Senior Associate
tero.pikkarainen@hannessnellman.com
Oliver Vesterlund

Oliver Vesterlund

Associate
oliver.vesterlund@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Antti Nyberg

Antti Nyberg

Partner
antti.nyberg@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com
Axel Hård af Segerstad

Axel Hård af Segerstad

Associate
axel.hard@hannessnellman.com
Wilhelm Sanmark

Wilhelm Sanmark

Associate
wilhelm.sanmark@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner
mikko.huimala@hannessnellman.com
Jenni Heurlin

Jenni Heurlin

Managing Associate
jenni.heurlin@hannessnellman.com

Parties 

LähiTapiola Yhteiskuntakiinteistöt Suomi Ky

Transaction 

The acquisition of two properties providing community services in Oulu, Finland. 

Deal Value 

Value not public

Role

Counsel to LähiTapiola

Matti Lajunen

Matti Lajunen

Partner
matti.lajunen@hannessnellman.com
Tuuli Pikkarainen

Tuuli Pikkarainen

Senior Associate
tuuli.pikkarainen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com

Parties 

Quadoro Investment GmbH, EKE-Construction Ltd.

Transaction 

Counsel to a fund managed by Quadoro Investment GmbH in an acquisition of an office property located in Espoo with a lettable area of approximately 4,200 square metres from the constructor EKE-Construction Ltd.

Deal Value 

Value not public

Role

Counsel to Quadoro Investment GmbH

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Marjaana Martikainen

Marjaana Martikainen

Counsel
marjaana.martikainen@hannessnellman.com
Julia Ranta

Julia Ranta

Associate
julia.ranta@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Marika Sorsa

Marika Sorsa

Counsel
marika.sorsa@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com

Parties 

Quadoro Investment GmbH, YIT Construction Ltd.

Transaction 

Counsel to a fund managed by Quadoro Investment GmbH in an acquisition of a MEUR 32 office property located in Järvenpää with a lettable area of approximately 6,500 square metres from YIT Construction Ltd

Deal Value 

EUR 32 million

Role

Counsel to Quadoro Investment GmbH

Juha Lindström

Juha Lindström

Senior Adviser
juha.lindstrom@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Marjaana Martikainen

Marjaana Martikainen

Counsel
marjaana.martikainen@hannessnellman.com
Julia Ranta

Julia Ranta

Associate
julia.ranta@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Marika Sorsa

Marika Sorsa

Counsel
marika.sorsa@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com

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. 

Deal Value

The combined value of the merging companies is approximately EUR 7 billion.

Role

Lead counsel to Valmet

Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Jon Termonen

Jon Termonen

Managing Associate
jon.termonen@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate
annemari.rosi@hannessnellman.com
Aki Salmela

Aki Salmela

Associate
aki.salmela@hannessnellman.com
Sofi Lehtinen

Sofi Lehtinen

Associate
sofi.lehtinen@hannessnellman.com
Satu Kokko

Satu Kokko

Senior Associate
satu.kokko@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner
mikko.huimala@hannessnellman.com
Antti Nyberg

Antti Nyberg

Partner
antti.nyberg@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com

Parties

Virala Acquisition Company Plc

Transaction

Hannes Snellman acted as legal counsel to Virala Acquisition Company Plc on its IPO and the listing of its Class C shares on the SPAC segment of the regulated market of Nasdaq Helsinki

Deal Value

EUR 107.5 million

Role

Counsel to Virala Acquisition Company Plc

Sonja Siggberg

Sonja Siggberg

Partner
sonja.siggberg@hannessnellman.com
Anniina Järvinen

Anniina Järvinen

Partner
anniina.jarvinen@hannessnellman.com
Sofi Lehtinen

Sofi Lehtinen

Associate
sofi.lehtinen@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Senior Associate
linnea.lehtonen@hannessnellman.com
Tommi Kovero

Tommi Kovero

Senior Associate
tommi.kovero@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate
annemari.rosi@hannessnellman.com
Aki Salmela

Aki Salmela

Associate
aki.salmela@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Marika Sorsa

Marika Sorsa

Counsel
marika.sorsa@hannessnellman.com
Antti Nyberg

Antti Nyberg

Partner
antti.nyberg@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com

Counsel to a tax payer in Supreme Administrative Court Yearbook case confirming US GAAP as acceptable basis for transfer pricing.

 

Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com

Parties
Vungle, Inc. (Buyer), GameRefinery Oy (Target)

Transaction
Vungle, Inc.’s acquisition of GameRefinery Oy

Deal Value
Value not public

Role
Counsel to Vungle, Inc.

Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Riikka Kuha

Riikka Kuha

Senior Associate
riikka.kuha@hannessnellman.com
Agda Vähä-Piikkiö

Agda Vähä-Piikkiö

Senior Associate
agda.vaha-piikkio@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Senior Associate
linnea.lehtonen@hannessnellman.com
Heidi Kärki

Heidi Kärki

Senior Associate
heidi.karki@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Joakim Frände

Joakim Frände

Specialist Partner
joakim.frande@hannessnellman.com
Hanna Lindberg

Hanna Lindberg

Associate
hanna.lindberg@hannessnellman.com

Parties

Amazon (Buyer), Umbra (Target)

Transaction

The acquisition of Umbra by Amazon. 

Deal Value

Value not public

Role

Counsel to Umbra

Emmi Kantola

Emmi Kantola

Senior Associate
emmi.kantola@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner
jesper.nevalainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Joakim Frände

Joakim Frände

Specialist Partner
joakim.frande@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com

Counsel in a Supreme Administrative Court Yearbook case clarifying taxation related to dividend in natura. 

Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

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

Sonja Siggberg

Sonja Siggberg

Partner
sonja.siggberg@hannessnellman.com
Antti Kuha

Antti Kuha

Partner
antti.kuha@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate
annemari.rosi@hannessnellman.com
Robert Gordin

Robert Gordin

Senior Associate
robert.gordin@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Helena Lamminen

Helena Lamminen

Senior Associate
helena.lamminen@hannessnellman.com
Laura Sainio

Laura Sainio

Associate
laura.sainio@hannessnellman.com
Antti Nyberg

Antti Nyberg

Partner
antti.nyberg@hannessnellman.com

Counsel to a taxpayer in the Supreme Administrative Court Yearbook case outlining VAT treatment of coworking services.

Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

Parties

A fund managed by Quadoro Investment GmbH

Transaction

Acquisition of Hermia 5 and Hermia 6 office properties located in the Hermia Science Park in Tampere with a lettable area of approximately 30,000 square metres

Deal value

Value not public

Hannes role

Counsel to a fund managed by Quadoro Investment GmbH

Hannes team

Tapio TeräkiviHeikki VesikansaMarkus BremerMarjaana MartikainenJenni ParviainenPiia AhonenMeeri KarlssonElla RinnePanu VikbergLinda Launonen, and Viivi Rousku.

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Markus Bremer

Markus Bremer

Partner
markus.bremer@hannessnellman.com
Marjaana Martikainen

Marjaana Martikainen

Counsel
marjaana.martikainen@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Panu Vikberg

Panu Vikberg

Senior Associate
panu.vikberg@hannessnellman.com
Viivi Vikberg

Viivi Vikberg

Associate
viivi.vikberg@hannessnellman.com

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

Rabbe Sittnikow

Partner
rabbe.sittnikow@hannessnellman.com
Janna Pihanurmi

Janna Pihanurmi

Senior Associate
janna.pihanurmi@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate
janne.veneranta@hannessnellman.com
Roosa Väre

Roosa Väre

Senior Associate
roosa.vare@hannessnellman.com
Markus Bremer

Markus Bremer

Partner
markus.bremer@hannessnellman.com
Maria Landtman

Maria Landtman

Partner
maria.landtman@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com

Counsel in Administrative Court case confirming mutual real estate company’s taxation under Business Income Tax Act.

Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

Parties 

DWS (buyer), Regenero (Seller)

Transaction

DWS's acquisition of the Accountor Tower, a 24,000 sq. m. office development in Keilaniemi, Espoo, from YIT and HGR Property Partners’ joint venture Regenero

Deal Value

Value not public

Role

Counsel to DWS

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Tuuli Pikkarainen

Tuuli Pikkarainen

Senior Associate
tuuli.pikkarainen@hannessnellman.com
Panu Vikberg

Panu Vikberg

Senior Associate
panu.vikberg@hannessnellman.com
Noora Britschgi

Noora Britschgi

Senior Associate
noora.britschgi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com

Parties

Optomed Plc

Transaction

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

Deal Value

The offering by the company and its shareholders amounted to approximately EUR 44 million

Role

Counsel to Optomed Plc 

Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Anniina Järvinen

Anniina Järvinen

Partner
anniina.jarvinen@hannessnellman.com
Antti Kuha

Antti Kuha

Partner
antti.kuha@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Senior Associate
linnea.lehtonen@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Senior Associate
pauliina.sutinen@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com

Parties

FSN Capital, eCraft, Orango, Fellowmind

Transaction

Fellowmind, eCraft and Orango merge to create European Microsoft Business Applications platform

Deal Value

Value not public

Role

Counsel to eCraft and its owners

Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

Counsel in Supreme Administrative Court case confirming equal treatment of a Swedish real estate investor in Finnish taxation

Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com

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

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Markus Bremer

Markus Bremer

Partner
markus.bremer@hannessnellman.com
Anna-Maria Tamminen

Anna-Maria Tamminen

Partner
anna-maria.tamminen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com
Elina Toivakainen

Elina Toivakainen

Counsel
elina.toivakainen@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate
annemari.rosi@hannessnellman.com
Emmi Kantola

Emmi Kantola

Senior Associate
emmi.kantola@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com
Maria Landtman

Maria Landtman

Partner
maria.landtman@hannessnellman.com

Counsel in Supreme Administrative Court case confirming that Refinancing of real estate company’s bank loans is not subject to transfer tax.

Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

Counsel in Supreme Administrative Court case confirming real estate investor’s right to deduct VAT on transaction expenses

Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com

Counsel in Supreme Administrative Court case confirming that share transfer tax is not due on purchase price of shareholder loans

Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

Parties

Peab AB (Buyer), YIT Corporation (Seller), YIT’s Nordic paving and mineral aggregates businesses (Targets)

Transaction

YIT’s sale of its Nordic paving and mineral aggregates businesses in Finland, Sweden, Norway and Denmark to Peab

Deal Value

EUR 280 million

Role

Counsel to YIT Corporation

Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner
jesper.nevalainen@hannessnellman.com
Klaus Metsä-Simola

Klaus Metsä-Simola

Partner
klaus.metsa-simola@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Markus Bremer

Markus Bremer

Partner
markus.bremer@hannessnellman.com
Emmi Kantola

Emmi Kantola

Senior Associate
emmi.kantola@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com
Klaara Lähteenoja

Klaara Lähteenoja

Associate
klaara.lahteenoja@hannessnellman.com
Janna Pihanurmi

Janna Pihanurmi

Senior Associate
janna.pihanurmi@hannessnellman.com

Parties

Tieto Corporation, EVRY ASA

Transaction

The combination of Tieto and EVRY through a cross-border merger

Deal Value

Value not public

Role

Counsel to EVRY ASA

Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Riikka Kuha

Riikka Kuha

Senior Associate
riikka.kuha@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate
stefan.stellato@hannessnellman.com

Counsel to a taxpayer receiving confirmation that a transfer of a business at an early stage qualifies as a transfer of a going concern for VAT purposes.

Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate
jenni.parviainen@hannessnellman.com

Counsel in legal proceedings before the Helsinki Administrative Court confirming an earlier Supreme Administrative Court decision that transfer taxes are not payable on the termination of share options.

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

Tuire Kuronen

Tuire Kuronen

Partner
tuire.kuronen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws
klaus.ilmonen@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner
mikko.huimala@hannessnellman.com
Tero Pikkarainen

Tero Pikkarainen

Senior Associate
tero.pikkarainen@hannessnellman.com

Parties

Funds managed by Sentica Partners Oy (Buyer), Mikael Swanljung and his family (Sellers), Picnic Finland Oy, Europicnic Oy and La Torrefazione Oy (Targets)

Transaction

Sentica Partners’ acquisition of majority ownership in Picnic Company Group from Mikael Swanljung and his family

Deal Value

Value not public

Role

Counsel to Mikael Swanljung and his family

Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com

The Finnish Supreme Administrative Court issued a resolution concerning the VAT treatment of intermediary services to Finnish students aiming to study abroad in the U.S. Piia Ahonen successfully defended the client’s position through instances, and the resolution issued by the Supreme Administrative Court as a yearbook decision finally confirms that the client’s position is right and that the tax assessments were unlawful. The intermediary services are not subject to Finnish VAT due to the fact that the client acted as an intermediary between U.S. schools and Finnish students in relation to U.S.-based education and accommodation services that are not taxed in Finland.

Piia Ahonen

Piia Ahonen

Specialist Partner
piia.ahonen@hannessnellman.com

Parties

Nordic Healthcare Group Oy, Vaaka Partners Oy

Transaction

Vaaka Partner's investment in Nordic Healthcare Group

Deal Value

Value not public

Role

Counsel to Vaaka Partners

Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Johanna Haltia-Tapio