Languages

Finnish, English

Jon Termonen

Managing Associate Corporate Advisory, Capital Markets, M&A

Languages

Finnish, English

Jon advises issuers, shareholders, financial institutions, and other capital markets participants in connection with IPOs, rights offerings, private placements, debt instruments, and share buy-backs. He also provides advice on public takeovers, representing bidders, target boards, and large shareholders in takeover situations. In addition, he provides advice on mergers and demergers of publicly listed companies. Moreover, he advises clients on questions regarding disclosure issues, corporate governance, company law, and securities regulation.

Selected 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

Contacts

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

Contacts

  • Klaus Ilmonen

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

  • Mikko Huimala

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

  • Riikka Rannikko

    Managing Partner +358 40 731 1611 riikka.rannikko@hannessnellman.com

  • Mikko Heinonen

    Partner +358 40 527 8818 mikko.heinonen@hannessnellman.com

  • Heikki Majamaa

    Specialist Partner +358 44 544 2873 heikki.majamaa@hannessnellman.com

  • Robert Gordin

    Senior Associate +358 44 079 9799 robert.gordin@hannessnellman.com

  • Jon Termonen

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

  • Päivi Tammilehto

    Counsel +358 50 044 5790 paivi.tammilehto@hannessnellman.com

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:

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

Contacts

Counsel to F-Secure on its spin-off and listing on Nasdaq Helsinki.

Contacts

  • Antti Kuha

    Partner +358 40 775 7440 antti.kuha@hannessnellman.com

  • Jon Termonen

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

  • Sofi Lehtinen

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

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.

Contacts

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

Contacts

  • Markus Bremer

    Partner +358 40 716 9676 markus.bremer@hannessnellman.com

  • Jon Termonen

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

  • Linnea Lehtonen

    Senior Associate +358 50 352 4855 linnea.lehtonen@hannessnellman.com

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

Memberships and Positions of Trust

  • Member of the Finnish Bar Association

Professional Background

  • Managing Associate, Hannes Snellman, 2022–
  • Senior Associate, Hannes Snellman, 2020–2022
  • White & Case, 2014–2020

Education

  • Master of Laws, University of Helsinki, 2014

Publications

  • Co-author of the Finland Chapter in the International Comparative Legal Guide - Corporate Governance 2024