Services

Joint Ventures & Commercial Cooperation

Hannes Snellman’s Joint Ventures & Commercial Cooperation practice combines the knowledge and experience of all our practice areas when advising clients regarding joint ventures and other strategic partnerships, complex long-term supply, distribution and outsourcing agreements, integrated production sites and other forms of commercial cooperation – whether entered into in the ordinary course of business or in connection with an M&A transaction.

The core team works closely with colleagues in Finance, Tax, Employment and Dispute Resolution, and depending on the relevant industry, with specialists e.g. from our Intellectual Property & Technology, Real Estate and Environment & Natural Resources practice groups with an aim to offer clients comprehensive legal advice.

References

Parties

Valorem, Tribrid Renewables AB

Transaction

Legal counsel to Valorem in its entry to Swedish market upon the establishment of co-operation framework with Tribrid Renewables AB in relation to development of 1 GW of wind and solar projects in Sweden.

Deal Value

Value not public

Role

Counsel to Valorem

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Specialist Partner
katja.heikkinen@hannessnellman.com
Elisa Panula

Elisa Panula

Senior Associate
elisa.panula@hannessnellman.com
Karoliina Kaartinen

Karoliina Kaartinen

Legal Assistant
karoliina.kaartinen@hannessnellman.com

Parties:

Myrsky Energia, Copenhagen Infrastructure Partners (CIP)

Transaction: 

Counsel to Myrsky Energia in the formation of a joint venture with Copenhagen Infrastructure Partners (CIP) concerning the investment and development of 1.8 GW portfolio of onshore wind power in Finland.

Value:

EUR 2.3 billion

Role:

Counsel to Myrsky Energia

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Maria Landtman

Maria Landtman

Partner
maria.landtman@hannessnellman.com
Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Markus Bremer

Markus Bremer

Partner
markus.bremer@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Specialist Partner
katja.heikkinen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Specialist Partner
harri.vehvilainen@hannessnellman.com
Marjaana Martikainen

Marjaana Martikainen

Counsel
marjaana.martikainen@hannessnellman.com
Tero Pikkarainen

Tero Pikkarainen

Senior Associate
tero.pikkarainen@hannessnellman.com
Alisa Ainonen

Alisa Ainonen

Associate
alisa.ainonen@hannessnellman.com
Isabella Kartila

Isabella Kartila

Senior Associate
isabella.kartila@hannessnellman.com
Otto Koskinen

Otto Koskinen

Associate
otto.koskinen@hannessnellman.com
Salla Mäki

Salla Mäki

Senior Legal Assistant
salla.maki@hannessnellman.com
Liisa Veckman

Liisa Veckman

Senior Legal Assistant
liisa.veckman@hannessnellman.com
Nora Mansikka

Nora Mansikka

Legal Assistant
nora.mansikka@hannessnellman.com

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

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Maria Landtman

Maria Landtman

Partner
maria.landtman@hannessnellman.com
Tuire Kuronen

Tuire Kuronen

Partner
tuire.kuronen@hannessnellman.com
Klaus Metsä-Simola

Klaus Metsä-Simola

Partner
klaus.metsa-simola@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Specialist Partner
katja.heikkinen@hannessnellman.com
Emmi Nuutila

Emmi Nuutila

Senior Associate
emmi.nuutila@hannessnellman.com
Julia Ranta

Julia Ranta

Associate
julia.ranta@hannessnellman.com
Salla Mäki

Salla Mäki

Senior Legal Assistant
salla.maki@hannessnellman.com
Vivi Jaatinen

Vivi Jaatinen

Legal Assistant
vivi.jaatinen@hannessnellman.com

Parties:

Exilion Wind, BayWa r.e. Nordic

Transaction:

Exilion Wind's and BayWa r.e. Nordic's wind power joint venture. Through the joint venture, the co-investors will invest and develop the Karhakkamaa wind farm project, which is envisaged to consist of 48 wind turbines with an installed capacity of approximately 350MW.

Deal Value: 

Value not public

Role:

Counsel to Exilion Wind

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Specialist Partner
katja.heikkinen@hannessnellman.com
Maria Landtman

Maria Landtman

Partner
maria.landtman@hannessnellman.com
Alisa Ainonen

Alisa Ainonen

Associate
alisa.ainonen@hannessnellman.com
Päivi Tammilehto

Päivi Tammilehto

Counsel
paivi.tammilehto@hannessnellman.com

Parties

YIT Corporation, Ålandsbanken

Transaction

YIT and Ålandsbanken entered into an agreement to establish a joint venture company for housing investments

Deal Value

EUR 112 million

Role

Counsel to YIT Corporation

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com

Parties

BVB Substrates B.V. and its owners, Vapo Oy and Kekkilä Oy

Transaction

Joint venture by combining BVB Substrates B.V. and Kekkilä Oy to form Kekkilä-BVB Oy, a leading horticultural substrate company in Europe in the market for professional growers and home gardeners

Deal Value

Value not public

Role

Counsel to BVB Substrates B.V. and its owners

Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Riikka Rannikko

Riikka Rannikko

Managing Partner
riikka.rannikko@hannessnellman.com

Parties

Oriola Oyj and Kesko Oyj

Transaction

A 50/50 percent joint venture to establish a chain of health, beauty and wellbeing stores across Finland, with the plan to expand the business to include pharmaceuticals if the legislation is amended

Deal Value

Value not public

Role

Counsel to Oriola

Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Panu Siitonen

Panu Siitonen

Partner
panu.siitonen@hannessnellman.com

Parties

TH Real Estate (Buyer), Barings Real Estate Advisers (Seller), Kamppi shopping centre (Target)

Transaction

Counsel to Barings Real Estate Advisers, acting on behalf of the Nordic Retail Fund in its disposal of 50% stake in the Kamppi shopping centre. The 50% stake is to be acquired on behalf of TH Real Estate’s flagship’s pan-European investment vehicle, the European Cities Fund, and thereby creating a 50:50 joint venture partnership with Allianz.

Deal Value

Approx. EUR 500 million

Role

Counsel to Barings Real Estate Advisers

Juha Lindström

Juha Lindström

Senior Adviser
juha.lindstrom@hannessnellman.com
Tuuli Pikkarainen

Tuuli Pikkarainen

Senior Associate
tuuli.pikkarainen@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Specialist Partner
katja.heikkinen@hannessnellman.com

Parties

YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, Fennia Mutual Insurance Company

Transaction

Joint venture of YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, and Fennia Mutual Insurance Company for the implementation of the Mall of Tripla and its parking facilities

Deal Value

Approx. EUR 600 million

Role

Counsel to YIT Corporation

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Tuuli Pikkarainen

Tuuli Pikkarainen

Senior Associate
tuuli.pikkarainen@hannessnellman.com

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

Tuire Kuronen

Tuire Kuronen

Partner
tuire.kuronen@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Partner
mikko.heinonen@hannessnellman.com
Panu Siitonen

Panu Siitonen

Partner
panu.siitonen@hannessnellman.com

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

Tapio Teräkivi

Tapio Teräkivi

Senior Partner
tapio.terakivi@hannessnellman.com
Tuire Kuronen

Tuire Kuronen

Partner
tuire.kuronen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner
heikki.vesikansa@hannessnellman.com
Heikki Majamaa

Heikki Majamaa

Specialist Partner
heikki.majamaa@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Specialist Partner
katja.heikkinen@hannessnellman.com
Klaus Metsä-Simola

Klaus Metsä-Simola

Partner
klaus.metsa-simola@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com
Anna-Maria Tamminen

Anna-Maria Tamminen

Partner
anna-maria.tamminen@hannessnellman.com

Parties

YIT Corporation: the Mall of Tripla shopping centre project

Transaction

YIT and Etera Mutual Pension Insurance Company, Onvest Oy, Fennia Mutual Insurance Company and Fennia Life Insurance Company Ltd have signed a letter of intent on the establishment of a joint venture for the implementation of the Mall of Tripla and its parking facilities

Deal Value

Approx. EUR 600 million

Role

Counsel to YIT Corporation

Parties

Svenska Handelsbanken AB (publ), Branch Operation in Finland

Transaction

Svenska Handelsbanken AB (publ), Branch Operation in Finland in financing the Hansakortteli properties for the joint venture Kauppakeskus Hansa Ky managed by Exilion

Deal Value

Value not public

Role

Counsel to Svenska Handelsbanken AB (publ)

Parties

Vossloh Nordic Switch Systems AB and VR Track Oy

Transaction

Combination of the parties’ turn-out and installation service businesses in Finland into a joint venture structure

Deal Value

Value not public

Role

Counsel to Vossloh Nordic Switch Systems AB

Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner
johanna.haltia-tapio@hannessnellman.com

Main Contacts

Heidi Haanpää

Partner
heidi.haanpaa
@hannessnellman.com

Tuire Kuronen

Partner
tuire.kuronen
@hannessnellman.com

Riikka Rannikko

Managing Partner
riikka.rannikko
@hannessnellman.com

Team

Heidi Haanpää

Heidi Haanpää

Partner
heidi.haanpaa@hannessnellman.com
Eerika Halme Lampio

Eerika Halme Lampio

Counsel
eerika.halmelampio@hannessnellman.com
Tuire Kuronen

Tuire Kuronen

Partner
tuire.kuronen@hannessnellman.com
Riikka Rannikko

Riikka Rannikko

Managing Partner
riikka.rannikko@hannessnellman.com