Tuire Kuronen
Tuire Kuronen
Tuire specialises in mergers and acquisitions, both domestic and cross-border, with an emphasis on complex strategic deals, joint venture structures and long-term commercial arrangements. She has significant experience of almost 25 years in transactional work, including auction processes, cross-border mergers but also private equity and minority investments. Tuire has special industry expertise within waste management, circular economy, forestry, and telecommunication sectors. In addition to transactions, Tuire specialises in Finnish foreign direct investment screening, corporate advisory, and general contract law.
In 2007–2009, Tuire worked as an associate at Cravath, Swaine & Moore in New York, and she is also a member of the New York Bar (since 2008).
Tuire is a frequent lecturer at the firm’s client events and internal education programs in topics relating to transactions and corporate and contract law.
References
Parties
Trelleborg AB, BP-Tech Group Oy
Transaction
Trelleborg AB acquires BP-Tech Group Oy
Deal value
Value not public
Role
Counsel to Trelleborg AB
Parties
TRP Hungary (Buyer), Bankruptcy Estate of KymiRing Oy (Seller), The KymiRing motor track (Target)
Transaction
Counsel to TRP Hungary in the acquisition of the KymiRing motor track from the bankruptcy estate of KymiRing Oy.
Deal Value
Value not public
Role
Counsel to TRP Hungary
Parties:
Nordea Bank Abp (JV shareholder), OP Osuuskunta (JV shareholder), Siirto Brand Oy (JV)
Transaction:
Expansion of the operations of Nordea Bank and OP’s 50/50 owned joint venture company, Siirto Brand Oy
Deal Value:
Value not public
Role:
Joint counsel to all parties
Parties:
Recover Group (Seller), Mutares Holding-69 GmbH (Buyer), Recover Nordic Oy (Target)
Transaction:
Divestment of Recover Nordic Oy
Deal value:
Value not public
Role:
Counsel to Recover Group
Parties:
Masco Corporation (Buyer), Nordic Mezzanine and other Sauna360 Group Oy’s shareholders (Sellers), Sauna360 Group Oy (Target)
Transaction:
Acquisition of Sauna360 Group Oy
Deal value:
Value not public
Role:
Finnish and Swedish Counsel to Masco Corporation
Parties:
Thome Group, OSM Maritime Group
Transaction:
Merger of Thome Group and OSM Maritime Group
Value:
Value not public
Role:
Finnish counsel to Thome Group Holding Limited
Parties:
Metsähallitus, Vattenfall
Transaction:
Counsel to the Finnish state enterprise Metsähallitus in the joint venture entered into with Vattenfall concerning Finland’s first large-scale offshore wind farm. Our assignment, commenced in 2021, entailed all legal aspects of the structured sales process followed by the creation of the joint venture and the contractual framework steering the development.
Deal Value:
Value not public
Role:
Counsel to Metsähallitus
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
Parties
Stora Enso Oyj, UPM-Kymmene Group, Metsä Group, Sonoco-Alcore, other sellers (Sellers), Stena Recycling Oy (Buyer), Encore Ympäristöpalvelut Oy (Target)
Transaction
Sale of Encore Ympäristöpalvelut Oy to Stena Recycling Oy
Deal Value
Value not public
Role
Counsel to Stora Enso Oyj, UPM-Kymmene Group, Metsä Group, Sonoco-Alcore, and other sellers
Parties
Digital 9 Infrastructure plc (Buyer), Pontos Oy, Taaleri Datacenter Ky, other sellers (Sellers), Ficolo Oy (Target)
Transaction
Sale of Ficolo Oy to Digital 9 Infrastructure plc
Deal Value
EUR 135 million
Role
Counsel to Pontos Oy, Taaleri Datacenter Ky, and other sellers
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
Parties
Chevron Global Energy Inc (Buyer), Neste Corporation (Seller), NEXBASE™ brand and associated base oils business (Target)
Transaction
Finnish counsel to Chevron Global Energy Inc, a wholly-owned subsidiary of Chevron Corporation, in the acquisition of the NEXBASE™ brand and associated base oils business from Neste Corporation
Deal Value
Value not public
Role
Finnish counsel to Chevron Global Energy Inc
Parties
Lassila & Tikanoja plc (JV shareholder), Neova Oy (JV shareholder), L&T Biowatti Oy (joint venture company)
Transaction
Counsel to Lassila & Tikanoja plc, a service company that is putting the circular economy into practice, in creating a joint venture with Neova Oy consolidating the parties’ energy wood businesses in Finland and Estonia. The joint venture’s turnover is approximately EUR 100 million and it employs approximately 100 employees.
Deal Value
Not disclosed
Role
Legal counsel to L&T plc
Parties
Tencent (Investor), Vitruvian Partners (Co-Investor), Enfuce Financial Services Oy (Target)
Transaction
Counsel to Tencent in its further investment in Enfuce Financial Services, a leading European Card-as-a-Service (CaaS) platform for modern card issuing and processing, in connection with a EUR 45 million Series C investment round
Deal Value
EUR 45 million
Role
Counsel to Tencent
Parties
Landis+Gyr (Buyer), Telia Finland (Seller), Telia AMR Business (Target)
Transaction
Telia Finland’s sale of Telia AMR Business to Landis+Gyr
Deal Value
Value not public
Role
Counsel to Telia Finland (Seller)
Parties
Telia Company (Seller), Polhem Infra (Buyer), Telia Carrier (Target)
Transaction
Telia Company’s divestment of Telia Carrier to Polhem Infra
Deal Value
SEK 9,450 million
Role
Finnish counsel to Telia Company
Parties
Telia Finland (Seller) and AddSecure (Buyer)
Transaction
Telia Finland’s divestment of Telia Alerta business to AddSecure
Deal Value
Value not public
Role
Counsel to Seller/Telia Finland
Parties
Marrone Bio Innovations, Inc. (Buyer), shareholders of Pro Farm Technologies Oy (Sellers), Pro Farm Technologies Oy (Target)
Transaction
Marrone Bio Innovations, Inc., an international leader in sustainable bioprotection and plant health solutions, acquired Pro Farm Technologies Oy, a Finnish agriculture technology company supplying nutrient and biostimulant technology and products
Deal Value
USD 31.8 million
Role
Counsel to Marrone Bio Innovations, Inc.
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
Parties
Cherry Ventures Management GmbH (Buyer), Chief Chief Technologies Oy/Speechgrinder (Target)
Transaction
Counsel to Cherry Ventures Management GmbH in its investment and purchase of shares in Chief Chief Technologies Oy/Speechgrinder, a developer of voice technology software and application programming interface
Deal Value
Value not public
Role
Counsel to Cherry Ventures Management GmbH
Parties
Nexit Ventures (Seller), Ekahau, Inc. (Target), Ookla (Buyer)
Transaction
Nexit Ventures' sale of shares of Ekahau to Ookla
Deal Value
Value not public
Role
Counsel for Nexit Ventures and Ekahau, Inc.
Parties
Telia Company (Seller), Marginalen AB and Marginalen Bank Bankaktiebolag (Buyers), Sergel Group (Target)
Transaction
Telia Company's divestment of the Sergel Group to Marginalen AB and Marginalen Bank Bankaktiebolag
Deal Value
SEK 2,070 million (approx. EUR 222 million)
Role
Counsel to Telia Company
Parties
SoftBank Group Corporation (Seller), Tencent Holdings Limited (Buyer), Supercell (Target)
Transaction
SoftBank Group Corporation's and its affiliates' sale of all of their 72.2% stake in Supercell to an affiliate of Tencent Holdings Limited
Deal Value
Approx. USD 10.2 billion
Role
Counsel to SoftBank and its affiliates
Parties
Uponor and Belkin International
Transaction
A joint venture to pioneer in the development of intelligent water sensing and conservation technology for buildings in the U.S. and Europe.
Deal Value
USD 50 million
Role
Counsel to Uponor
Parties
Veolia, Neste and Borealis
Transaction
A transaction creating a JV with Neste and Borealis to build a new combined heat and power plant and produce and supply steam and other utilities to Neste's refinery and Borealis' petrochemical plant in Porvoo, Finland
Deal Value
Approximately EUR 350 million
Role
Counsel to Veolia
Parties
Blackstone Real Estate Partners Europe IV (Buyer), Sponda Plc and Varma Mutual Pension Insurance Company (Sellers), Certeum Corporation (Target)
Transaction
Sale of the majority stake of 57.5% of all shares in Certeum
Deal Value
Approximately EUR 500 million
Role
Counsel to Certeum Corporation and its Board of Directors
Parties
Summit Partners (Buyer), Retail Logistics Excellence - RELEX Oy and certain shareholders of RELEX (Seller), Retail Logistics Excellence - RELEX Oy (Target)
Transaction
Summit Partners' acquisition of a EUR 20 million minority stake in RELEX, a Finnish provider of supply chain software solutions for retailers
Deal Value
EUR 20 million
Role
Counsel to Summit Partners
Parties
SoftBank (Buyer), Supercell (Target)
Transaction
SoftBank's acquisition of an additional 22.7% stake in Supercell, a Finnish online gaming company
Deal Value
Value not public
Role
Finnish counsel to SoftBank
Rankings
- Recognised as Highly Regarded in M&A, IFLR1000, 2024
- Tuire Kuronen is excellent in M&A transactional work.’, Commercial, Corporate and M&A, Legal500, 2023
- "Knowledgeable and focused.", IFLR1000, Financial and corporate, 2021
- Ranked as a Highly regarded lawyer in the 2018, 2019, 2020 and 2021 editions (Finland: M&A) of IFLR1000
- Ranked among the best lawyers in the 2014, 2015, 2016 and 2017 editions (Helsinki: Mergers and Acquisitions) of Best Lawyers®
Memberships and Positions of Trust
- Member of the Finnish Bar Association
- Member of the Finnish Bar Association’s Corporate Law Legal Expert Team
- Member of the New York Bar
- Member of the Finnish Corporate Law Association (Suomen yhtiöoikeusyhdistys ry)
Education and Professional Background
- Partner, Hannes Snellman, 2012-present
- Foreign Associate, Cravath, Swaine & Moore LLP (New York), 2007–2008
- LL.M. (Corporate), New York University School of Law, 2007
- Senior Associate, Hannes Snellman, 2004-2012
- Associate Lawyer, Hannes Snellman, 2000–2004
- Master of Laws, University of Helsinki, 2000
- Trainee, Hannes Snellman, 1999–2000