Practices

Tax

Languages

English, Finnish, Swedish

Harri Vehviläinen

Specialist Partner Tax

Practices

Tax

Languages

English, Finnish, Swedish

Harri advises domestic and international clients in the field of taxation, particularly corporate and international taxation and transfer taxation. He has experience in tax structuring, including related advance ruling proceedings and other implementation assistance, and in assessing tax considerations in various private and public M&A transactions, with a special focus on real estate, private equity, infrastructure, renewable energy, and investment fund transactions. Harri also advises clients on tax disputes.

Selected References

Hannes Snellman acted as local counsel to SEB Nordic Energy's portfolio company, Locus Energy AB, a long-term active owner and developer of local infrastructure for sustainable energy production in the Nordic region, in the establishment of a partnership and cooperation framework with Ingrid Capacity to develop and construct a battery energy storage system (BESS) in the City of Nivala, Finland. Upon completion, this BESS will be the largest of its kind in Finland and one of the largest in the Nordics.

Contacts

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

Contacts

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

Contacts

Parties

Häggblom & Partners Ltd. and the sellers, UB Nordic Forest Fund II LP, United Bankers

Transaction

Counsel to Häggblom & Partners Ltd. and the sellers in the sale of UB Nordic Forest Fund II LP. The sale of approximately 33,000 hectares of forest properties and partnership interests in UB Nordic Forest Fund II LP, managed by United Bankers, was agreed upon with MEAG, an asset management company of the Munich Re Group acting on behalf of its group client. Upon completion, the buyer will pay a total purchase price of approximately EUR 166 million.

Deal Value

Approximately EUR 166 million

Role

Counsel to Häggblom & Partners Ltd. and the sellers

Contacts

  • Matti Lajunen

    Partner +358 40 720 7036 matti.lajunen@hannessnellman.com

  • Panu Vikberg

    Senior Associate +358 50 411 4452 panu.vikberg@hannessnellman.com

  • Essi Peltoniemi

    Associate +358 45 155 1111 essi.peltoniemi@hannessnellman.com

  • Eemi Piirainen

    Associate +358 40 484 9299 eemi.piirainen@hannessnellman.com

  • Nora Mansikka

    Legal Assistant +358 40 559 2206 nora.mansikka@hannessnellman.com

  • Piia Ahonen

    Specialist Partner + 358 44 520 8801 piia.ahonen@hannessnellman.com

  • Marika Sorsa

    Counsel +358 40 707 1441 marika.sorsa@hannessnellman.com

  • Harri Vehviläinen

    Specialist Partner +358 40 183 1636 harri.vehvilainen@hannessnellman.com

Parties:

YIT

Transaction:

Counsel to YIT in the disposal of its wind and solar business, comprising of 2.3 GW renewable energy projects and a team of 16 employees.

Deal value:

Value not public

Role:

Counsel to YIT

 

 

 

Contacts

  • Tapio Teräkivi

    Senior Partner +358 40 769 8273 tapio.terakivi@hannessnellman.com

  • Marjaana Martikainen

    Counsel +358 40 844 0174 marjaana.martikainen@hannessnellman.com

  • Elisa Panula

    Senior Associate +358 50 917 6807 elisa.panula@hannessnellman.com

  • Alisa Ainonen

    Associate +358 50 495 6363 alisa.ainonen@hannessnellman.com

  • Heikki Vesikansa

    Partner +358 40 844 2117 heikki.vesikansa@hannessnellman.com

  • Piia Ahonen

    Specialist Partner + 358 44 520 8801 piia.ahonen@hannessnellman.com

  • Marika Sorsa

    Counsel +358 40 707 1441 marika.sorsa@hannessnellman.com

  • Sofia Ropo

    Senior Associate +358 40 545 2866 sofia.ropo@hannessnellman.com

  • Harri Vehviläinen

    Specialist Partner +358 40 183 1636 harri.vehvilainen@hannessnellman.com

  • Salla Mäki

    Senior Legal Assistant +358 40 718 6808 salla.maki@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.

Contacts

Parties:

United Bankers’ UB Timberland Fund (AIF), Taaleri Forest Fund III LP

Transaction:

United Bankers’ UB Timberland Fund (AIF) agreed to acquire Taaleri Forest Fund III LP. The forests managed by Taaleri Forest Fund III comprise 19 forest properties covering in total a surface area of approximately 7,650 hectares of which more than 6,400 hectares is productive forest land.

Deal value: 

Value not public

Role:

Counsel to United Bankers’ UB Timberland Fund (AIF)

Contacts

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

Contacts

Parties:

Myrsky Energia, Copenhagen Infrastructure Partners (CIP)

Transaction: 

Counsel to Myrsky Energia in the formation of a joint venture with Copenhagen Infrastructure Partners (CIP) concerning the investment and development of 1.8 GW portfolio of onshore wind power in Finland.

Value:

EUR 2.3 billion

Role:

Counsel to Myrsky Energia

Contacts

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

Contacts

Parties 

Slättö Core Plus and PEAB

Transaction 

Hannes Snellman acted as counsel to Slättö in the formation of a joint venture with PEAB regarding investments into residential housing in Finland.

Deal Value 

Value not public

Role

Counsel to Slättö Core Plus

Contacts

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

Contacts

Parties 

Angel Pond Holdings Corporation, MariaDB Corporation Ab

Transaction 

Combination of Angel Pond Holdings Corporation and MariaDB Corporation Ab by way of a domestication merger and cross-border merger, and related transactions

Deal Value 

USD 672 million (implied enterprise value of the combined company)

Role

Finnish counsel to Angel Pond Holdings Corporation

Contacts

Parties

MEAG (Buyer), YIT Oyj (Seller), Logistics property in Turku (Target)

Transaction

MEAG’s acquisition of a logistics property in Turku from YIT Oyj

Deal Value

Value not public

Role

Counsel to MEAG

Contacts

Parties 

LähiTapiola Kiinteistövarainhoito Oy, Tapiola Yhteismetsä

Transaction 

LähiTapiola Kiinteistövarainhoito Oy's establishment of the jointly owned forest Tapiola Yhteismetsä and the related service concept, which provides forest owners an opportunity to attach forest areas to the jointly owned forest, thereby receiving the benefits of professional, sustainable, and long-term forestry services as stakeholders of Tapiola Yhteismetsä.

Deal Value 

Value not public

Role

Counsel to LähiTapiola Kiinteistövarainhoito Oy

Contacts

Parties

BlackRock Real Assets (Buyer), Green Horizon Renewables a.s. and other minority investors (Sellers), Mikana portfolio (Target)

Transaction

BlackRock Real Assets’ acquisition of the Mikana portfolio, which consists of an existing operational project of 20 MW and four wind development projects with a capacity of 200 MW, from Green Horizon Renewables a.s. and other minority investors

Deal Value 

Value not public

Role

Counsel to Green Horizon Renewables a.s. and other minority investors

Contacts

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

Contacts

Parties 

SRV, DWS

Transaction 

Counsel to SRV on the sale and construction of three residential assets to one of DWS’s institutional real estate funds.

Deal Value 

EUR 82 million

Role

Counsel to SRV

Contacts

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

Contacts

  • Klaus Ilmonen

    Partner, Doctor of Laws +358 40 831 1868 klaus.ilmonen@hannessnellman.com

  • Jon Termonen

    Managing Associate +358 40 767 6347 jon.termonen@hannessnellman.com

  • Annemari Rosi

    Senior Associate +358 40 573 5304 annemari.rosi@hannessnellman.com

  • Aki Salmela

    Senior Associate +358 50 307 9056 aki.salmela@hannessnellman.com

  • Sofi Lehtinen

    Associate +358 40 620 7199 sofi.lehtinen@hannessnellman.com

  • Satu Kokko

    Senior Associate +358 40 838 9157 satu.kokko@hannessnellman.com

  • Mikko Huimala

    Partner +358 44 530 0753 mikko.huimala@hannessnellman.com

  • Antti Nyberg

    Partner +358 40 838 9375 antti.nyberg@hannessnellman.com

  • Pauliina Sutinen

    Senior Associate +358 50 346 5280 pauliina.sutinen@hannessnellman.com

  • Heikki Vesikansa

    Partner +358 40 844 2117 heikki.vesikansa@hannessnellman.com

  • Jenni Parviainen

    Managing Associate +358 40 808 6523 jenni.parviainen@hannessnellman.com

  • Harri Vehviläinen

    Specialist Partner +358 40 183 1636 harri.vehvilainen@hannessnellman.com

Parties

Volati (Buyer), Pisla Group Oy (Seller), Pisla Oy (Target)

Transaction

Volati's acquisition of Pisla Oy from Pisla Group Oy

Deal Value

Value not public

Role

Counsel to Volati

Contacts

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

Contacts

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

Contacts

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

Contacts

Rankings

  • "Also Harri Vehviläinen, rising star. Exceptional service attitude.", Tax, Legal 500, 2025
  • "Harri Vehviläinen provides a good service.", Tax, Legal 500, 2023

Memberships and Positions of Trust

  • Member of the Finnish Bar Association
  • Member of International Fiscal Association (IFA)
  • Member of the Association for Finnish Tax Professionals
  • Member of the Association of Finnish Lawyers

Professional Background

  • Specialist Partner, Hannes Snellman, 2022–
  • Counsel, Hannes Snellman, 2019–2022
  • Senior Associate, Hannes Snellman, 2016–2019
  • KPMG Oy Ab, 2010–2016

Education

  • Master of Laws, University of Helsinki, 2010

Publications

  • Tax advice memorandums and the legal privilege of an attorney's and other tax consultant's clients – analysis of Supreme Administrative Court case 2016:127, Verotus 1/2017, p. 66-80