Jon Termonen
Jon Termonen
Jon advises clients in capital markets and public M&A transactions, and in general corporate law and securities regulation matters. In recent years, he has been involved in some of the largest transactions in Finland, including public takeovers, IPOs, and bond issues.
Prior to joining Hannes Snellman, Jon worked in the capital markets practice of a global law firm in Helsinki.
References
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
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
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
Parties:
Sega Europe Limited and SEGA Corporation (Buyers) Rovio Entertainment Corporation (Target)
Transaction:
Counsel to Sega Europe Limited and SEGA Corporation in the recommended public cash tender offer for all shares and options in Rovio Entertainment Corporation.
Deal value:
Approximately EUR 706 million
Role:
Counsel to Sega Europe Limited and SEGA Corporation
Parties:
Applied Materials Inc. (buyer), Picosun Oy (target)
Transaction:
The acquisition of Picosun Oy, an innovator in atomic layer deposition (ALD) technology, primarily for specialty semiconductors.
Deal Value:
Value not public
Role:
Finnish counsel to Applied Materials Inc.
Counsel to F-Secure on its spin-off and listing on Nasdaq Helsinki.
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
Parties
YIT
Transaction
Issue of two EUR 100 million green bonds and EUR 100 million green capital securities by YIT Oyj
Deal Value
EUR 300 million
Role
Counsel to YIT
*=references from prior to joining Hannes Snellman
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*=references from prior to joining Hannes Snellman
Memberships and Positions of Trust
- Member of the Finnish Bar Association
Education and Professional Background
- Managing Associate, Hannes Snellman, 2022–
- Senior Associate, Hannes Snellman, 2020–2022
- Senior Associate, White & Case, 2020
- Associate, White & Case, 2014–2019
- Master of Laws, University of Helsinki, 2014