Heidi Haanpää
Partner@hannessnellman.com
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.
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
Myrsky Energia, Copenhagen Infrastructure Partners (CIP)
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.
EUR 2.3 billion
Counsel to Myrsky Energia
Metsähallitus, Vattenfall
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.
Value not public
Counsel to Metsähallitus
Exilion Wind, BayWa r.e. Nordic
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.
Value not public
Counsel to Exilion Wind
YIT Corporation, Ålandsbanken
YIT and Ålandsbanken entered into an agreement to establish a joint venture company for housing investments
EUR 112 million
Counsel to YIT Corporation
BVB Substrates B.V. and its owners, Vapo Oy and Kekkilä Oy
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
Value not public
Counsel to BVB Substrates B.V. and its owners
Oriola Oyj and Kesko Oyj
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
Value not public
Counsel to Oriola
TH Real Estate (Buyer), Barings Real Estate Advisers (Seller), Kamppi shopping centre (Target)
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.
Approx. EUR 500 million
Counsel to Barings Real Estate Advisers
YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, Fennia Mutual Insurance Company
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
Approx. EUR 600 million
Counsel to YIT Corporation
Uponor and Belkin International
A joint venture to pioneer in the development of intelligent water sensing and conservation technology for buildings in the U.S. and Europe.
USD 50 million
Counsel to Uponor
Veolia, Neste and Borealis
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
Approximately EUR 350 million
Counsel to Veolia
YIT Corporation: the Mall of Tripla shopping centre project
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
Approx. EUR 600 million
Counsel to YIT Corporation
Svenska Handelsbanken AB (publ), Branch Operation in Finland
Svenska Handelsbanken AB (publ), Branch Operation in Finland in financing the Hansakortteli properties for the joint venture Kauppakeskus Hansa Ky managed by Exilion
Value not public
Counsel to Svenska Handelsbanken AB (publ)
Vossloh Nordic Switch Systems AB and VR Track Oy
Combination of the parties’ turn-out and installation service businesses in Finland into a joint venture structure
Value not public
Counsel to Vossloh Nordic Switch Systems AB