Antti Kuha
Antti Kuha
Antti’s practice focuses on capital markets, public and private M&A transactions, and corporate governance matters. He has extensive experience of complex cross-border transactions of public corporations in particular. Antti has advised clients in a number of public tender offers, IPOs, rights offerings, and private placements, including some of the largest transactions in the Finnish market.
Antti is a graduate of the University of Helsinki and Stanford Law School and a member of the New York Bar. He has also frequently lectured on securities regulation and cross-border transactions at the University of Helsinki.
The advice of the Antti Kuha is ever relevant and to the point, taking the commercial needs into the mix – in any capital markets matter he is someone you definitely want on your team.
Capital Markets | Legal 500, 2020
References
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
Parties
Rapala VMC Corporation (Issuer), Nordea Bank Abp and OP Corporate Bank plc (Joint Lead Managers)
Transaction
Hannes Snellman acted as counsel to Rapala VMC Corporation in connection with the issuance of its new EUR 30 million hybrid bond
Deal Value
EUR 30 million
Role
Counsel to Rapala VMC Corporation (Issuer)
Parties:
Tokmanni (Buyer), Dollarstore (Target)
Transaction:
Counsel to Tokmanni in its acquisition of the Swedish discount retail chain Dollarstore
Deal value:
SEK 2,028.0 million
Role:
Counsel to Tokmanni
Counsel to F-Secure on its spin-off and listing on Nasdaq Helsinki.
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.
Parties
Valmet Corporation, Alfa Laval AB, Neles Corporation
Transaction
Counsel to Valmet Corporation in the EUR 1.73 bn public tender offer dated 13 July 2020 by Alfa Laval AB for all shares in Neles Corporation and the subsequent increase by Valmet of its shareholding in Neles to 29.5 %. Alfa Laval decided not to complete its offer on 3 November 2020.
Deal Value
EUR 1.73 billion
Role
Counsel to Valmet Corporation
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
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.
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
Parties
Cramo Plc, Adapteo Plc
Transaction
Cramo’s partial demerger and listing of Adapteo on Nasdaq Stockholm
Deal Value
SEK 5.5 billion
Role
Counsel to Cramo Plc and Adapteo Plc
Parties
Ahlstrom-Munksjö (Buyer), Expera Specialty Solutions (Target), KPS Capital Partners (Seller)
Transaction
Ahlstrom-Munksjö’s acquisition of Expera Specialty Solutions, a U.S.-based specialty paper producer
Deal Value
USD 615 million
Role
Counsel to Ahlstrom-Munksjö
Parties
Asiakastieto Group Plc (Buyer), UC AB (Target), Six Swedish banks (Sellers)
Transaction
Asiakastieto Group Plc’s pending acquisition of UC AB, a credit information company
Deal Value
Appr. EUR 340 million
Role
Counsel to Asiakastieto Group Plc
Parties
Nordic Packaging and Container Holdings (Seller), Mondi Group (Buyer), Powerflute Group Holdings Oy (Target)
Transaction
Nordic Packaging and Container Holdings' sale of Powerflute Group Holdings Oy to a division of Mondi Group
Deal Value
Enterprise value of EUR 365 million
Role
Counsel to Nordic Packaging and Container Holdings (NPAC Holdings)
Parties
Suomen Terveystalo Oy
Transaction
Terveystalo’s IPO and listing on the Nasdaq Helsinki stock exchange
Deal Value
The offering by the company and its shareholders was over EUR 870 million and the Company’s market value was over EUR 1.2 billion
Role
Counsel to Terveystalo
Parties
Ahlstrom Oyj, Munksjö Oyj
Transaction
The combination of Ahlstrom and Munksjö through a merger
Deal Value
Approx. EUR 1,2 billion
Role
Lead counsel to Ahlstrom
Parties
Biotie Therapies Corp.
Transaction
Public offering and listing of Biotie Therapies Corp.’s shares on the NASDAQ Global Select Market New York
Deal Value
Approx. EUR 83 million
Role
Counsel to Biotie Therapies Corp.
Parties
Atine Group Oy (Buyer), Turvatiimi Oyj (Target)
Transaction
Public tender offer by Atine Group Oy concerning all shares in Turvatiimi Oyj
Deal Value
Value not public
Role
Counsel to Atine Group Oy
Rankings
- Next Generation Partner, Commercial, corporate and M&A, Legal 500, 2024
- Financial Times Innovative Lawyers Awards 2023: Highly Commended. “The firm helped Finnish customs authorities to conduct a public auction of bitcoin, then worth about €70mn, seized from illegal drug dealers. Funds of about $47mn raised by sale in 2022 were donated to the Ukrainian government.”
- 'The advice of the Antti Kuha is ever relevant and to the point, taking the commercial needs into the mix – in any capital markets matter he is someone you definitely want on your team.’, Capital Markets, Legal 500, 2020
Memberships and Positions of Trust
- Member of the New York Bar
- Member of the Finnish Bar Association
- Member of the Legal Committee of Amcham Finland
- Member of the Finnish Company Law Association
- Member of the Expert Group on Corporate Law of the Finnish Bar Association, 2024-
Publications
Education and Professional Background
- Partner, Hannes Snellman, 2021
- Managing Associate, Hannes Snellman, 2018
- Foreign Associate, Jones Day (New York), 2015–2016
- Senior Associate, Hannes Snellman, 2015
- LL.M. (Corporate Governance), Stanford Law School, 2013 (Fulbright Scholar)
- Associate Lawyer, Hannes Snellman, 2010
- Associate Lawyer, Lindgren & Mitts Law Office, 2010
- Master of Laws, University of Helsinki, 2009