Hannes Snellman Counsel to Virala Acquisition Company Plc in the Merger With Purmo Group Ltd – First De-SPAC Transaction Announced in the Nordic Countries

Hannes Snellman acted as legal counsel to Virala Acquisition Company Plc (VAC), the first company listed on the SPAC segment of the regulated market of Nasdaq Helsinki Ltd, in its merger with Purmo Group Ltd, an internationally leading company in sustainable indoor climate comfort solutions and a subsidiary of family-owned Rettig Group Ltd. The merger values Purmo Group at EUR 685 million in enterprise value. The merger is expected to become the first business combination (de-SPAC) completed by a company listed on the SPAC segment of the regulated market of Nasdaq Helsinki and in the Nordic countries.

Hannes Snellman’s core team comprised Sonja Siggberg, Anniina Järvinen, Anton Karlais, Linnea Lehtonen, Tommi Kovero, and Peppi Manninen from our Corporate and Capital Markets Team, Outi Raitasuo, Sini Paajanen, Tero Pikkarainen, Oliver Vesterlund, and Elias Laine from our Private M&A Team, Heikki Vesikansa, Stefan Stellato, and Isabella Kartila from our Tax Team, Antti Alanko and Pauliina Sutinen from our Finance Team, Axel Hård af Segerstad and Wilhelm Sanmark from our IP & Tech Team, Mikko Huimala and Jenni Heurlin from our Competition Team, and Douglas Essehorn and Emma Andersson from our Private M&A Team in Stockholm.