Services

Tax

Hannes Snellman’s tax practice offers high-end corporate tax advice, VAT and other indirect tax advice, tax litigation assistance, and private wealth planning. The team continuously provides tax advice on major public and private M&A transactions, capital markets transactions, financial instruments, incentive schemes, as well as formation of private equity and other types of investment funds. Within private wealth planning, the team assists clients in succession tax planning, relocation tax advice, and investment structures. Hannes Snellman regularly represents clients to defend their tax positions in demanding tax litigation and often handles cases which become case law precedents for Finnish tax law. Our tax practitioners provide high-quality tax solutions in an increasingly complex field of law, and they have a strong international reputation for providing pragmatic and effective tax advice.

References

Tax Controversy | Private Wealth | VAT, Customs, and Excise Duties | Transactional Tax

Counsel in a Supreme Administrative Court yearbook case clarifying taxation related to dividend in natura. 

Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Counsel in the Central Tax Board’s advance ruling proceeding overruling the Tax Authority’s public guidance on peer-to-peer rentals (such as Airbnb). Pursuant to the advance ruling decision (KVL 30/2020), short-term renting does not break the requirement of two years of continuous living to which the Finnish capital gain exemption on residential properties is subject.

The advance ruling can still be appealed to the Supreme Administrative Court by the Tax Recipients’ Legal Services Unit.

Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com

Parties

Ahlstrom-Munksjö Oyj (target), a consortium consisting of Ahlström Capital, Bain Capital Private Equity, Viknum and Belgrano Inversiones (buyer)

Transaction

Recommended public cash tender offer for all shares in Ahlstrom-Munksjö Oyj by Spa Holdings 3 Oy

Deal value

Approximately EUR 2.1 billion

Role

Counsel to the consortium

Johan Aalto

Johan Aalto

Partner | Helsinki
johan.aalto@hannessnellman.com
Sonja Siggberg

Sonja Siggberg

Partner | Helsinki
sonja.siggberg@hannessnellman.com
Mattias Friberg

Mattias Friberg

Partner | Stockholm
mattias.friberg@hannessnellman.com
Antti Kuha

Antti Kuha

Managing Associate | Helsinki
antti.kuha@hannessnellman.com
Lauri Marjamäki

Lauri Marjamäki

Associate | Helsinki
lauri.marjamaki@hannessnellman.com
Anna Sahrakorpi

Anna Sahrakorpi

Associate | Helsinki
anna.sahrakorpi@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate | Helsinki
annemari.rosi@hannessnellman.com
Khaled Talayhan

Khaled Talayhan

Senior Associate | Stockholm
khaled.talayhan@hannessnellman.com
Taina Metso

Taina Metso

Associate | Helsinki
taina.metso@hannessnellman.com
Annakaisa Sutinen

Annakaisa Sutinen

Associate | Helsinki
annakaisa.sutinen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Matleena Pälve

Matleena Pälve

Senior Associate | Helsinki
matleena.palve@hannessnellman.com
Maria Wasastjerna

Maria Wasastjerna

Partner | Helsinki
maria.wasastjerna@hannessnellman.com
Helena Lamminen

Helena Lamminen

Senior Associate | Helsinki
helena.lamminen@hannessnellman.com
Laura Sainio

Laura Sainio

Associate | Helsinki
laura.sainio@hannessnellman.com
Antti Alanko

Antti Alanko

Partner | Helsinki
antti.alanko@hannessnellman.com
Marc Tevell de Falck

Marc Tevell de Falck

Associate | Stockholm
marc.tevelldefalck@hannessnellman.com
Sanna Heino

Sanna Heino

Associate | Helsinki
sanna.heino@hannessnellman.com

Counsel to a taxpayer in the Supreme Administrative Court’s Yearbook case outlining VAT treatment of coworking services.

Piia Ahonen

Piia Ahonen

Specialist Partner | Helsinki
piia.ahonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Parties

A fund managed by Quadoro Investment GmbH

Transaction

Acquisition of Hermia 5 and Hermia 6 office properties located in the Hermia Science Park in Tampere with a lettable area of approximately 30,000 square metres

Deal value

Value not public

Hannes role

Counsel to a fund managed by Quadoro Investment GmbH

Hannes team

Tapio TeräkiviHeikki VesikansaMarkus BremerMarjaana MartikainenJenni ParviainenPiia AhonenMeeri KarlssonElla RinnePanu VikbergLinda Launonen, and Viivi Rousku.

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Marjaana Martikainen

Marjaana Martikainen

Counsel | Helsinki
marjaana.martikainen@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner | Helsinki
piia.ahonen@hannessnellman.com
Ella Rinne

Ella Rinne

Associate | Helsinki
ella.rinne@hannessnellman.com
Panu Vikberg

Panu Vikberg

Associate | Helsinki
panu.vikberg@hannessnellman.com
Linda Launonen

Linda Launonen

Associate | Helsinki
linda.launonen@hannessnellman.com
Viivi Rousku

Viivi Rousku

Associate | Helsinki
Viivi.Rousku@hannessnellman.com

Parties

City of Espoo, Kumppanuuskoulut Oy, YIT Oyj, Meridiam Investments II

Transaction

The City of Espoo signed a service agreement with Kumppanuuskoulut Oy on the implementation of five schools and three daycare centres

Deal Value

Approx. EUR 300 million

Role

Counsel to City of Espoo

Team

Rabbe Sittnikow, Jussi Ekonen, Janna Pihanurmi, Janne Veneranta, Roosa Väre, Markus Bremer, Maria Landtman, Samuli Pirinen, Heikki Vesikansa, Harri Vehviläinen, Piia Ahonen, Joakim Lavér

Rabbe Sittnikow

Rabbe Sittnikow

Partner | Helsinki
rabbe.sittnikow@hannessnellman.com
Jussi Ekonen

Jussi Ekonen

Senior Associate | Helsinki
jussi.ekonen@hannessnellman.com
Janna Pihanurmi

Janna Pihanurmi

Associate | Helsinki
janna.pihanurmi@hannessnellman.com
Janne Veneranta

Janne Veneranta

Senior Associate | Helsinki
janne.veneranta@hannessnellman.com
Roosa Väre

Roosa Väre

Associate | Helsinki
roosa.vare@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Maria Landtman

Maria Landtman

Partner | Helsinki
maria.landtman@hannessnellman.com
Samuli Pirinen

Samuli Pirinen

Senior Associate | Helsinki
samuli.pirinen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner | Helsinki
piia.ahonen@hannessnellman.com
Joakim Lavér

Joakim Lavér

Partner | Stockholm
joakim.laver@hannessnellman.com

Counsel in Administrative Court case confirming mutual real estate company’s taxation under Business Income Tax Act.

Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Parties 

DWS (buyer), Regenero (Seller)

Transaction

DWS's acquisition of the Accountor Tower, a 24,000 sq. m. office development in Keilaniemi, Espoo, from YIT and HGR Property Partners’ joint venture Regenero

Deal Value

Value not public

Role

Counsel to DWS

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Antti Antikainen

Antti Antikainen

Senior Associate | Helsinki
antti.antikainen@hannessnellman.com
Tuuli Pikkarainen

Tuuli Pikkarainen

Senior Associate | Helsinki
tuuli.pikkarainen@hannessnellman.com
Panu Vikberg

Panu Vikberg

Associate | Helsinki
panu.vikberg@hannessnellman.com
Noora Britschgi

Noora Britschgi

Senior Associate | Helsinki
noora.britschgi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Piia Ahonen

Piia Ahonen

Specialist Partner | Helsinki
piia.ahonen@hannessnellman.com

Parties

Optomed Plc

Transaction

Optomed’s IPO and listing on the Nasdaq Helsinki stock exchange

Deal Value

The offering by the company and its shareholders amounted to approximately EUR 44 million

Role

Counsel to Optomed Plc 

Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Mattias Friberg

Mattias Friberg

Partner | Stockholm
mattias.friberg@hannessnellman.com
Heidi Haanpää

Heidi Haanpää

Partner | Helsinki
heidi.haanpaa@hannessnellman.com
Anniina Järvinen

Anniina Järvinen

Managing Associate | Helsinki
anniina.jarvinen@hannessnellman.com
Maisa Cederström

Maisa Cederström

Senior Associate | Helsinki
maisa.cederstrom@hannessnellman.com
Antti Kuha

Antti Kuha

Managing Associate | Helsinki
antti.kuha@hannessnellman.com
Juli Mansnérus

Juli Mansnérus

Counsel | Helsinki
juli.mansnerus@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Khaled Talayhan

Khaled Talayhan

Senior Associate | Stockholm
khaled.talayhan@hannessnellman.com
Marcus Lehtinen

Marcus Lehtinen

Associate | Stockholm
marcus.lehtinen@hannessnellman.com
Kaisa Himmanen

Kaisa Himmanen

Associate | Helsinki
kaisa.himmanen@hannessnellman.com
Anton Karlais

Anton Karlais

Associate | Helsinki
anton.karlais@hannessnellman.com
Linnea Lehtonen

Linnea Lehtonen

Associate | Helsinki
linnea.lehtonen@hannessnellman.com
Annakaisa Sutinen

Annakaisa Sutinen

Associate | Helsinki
annakaisa.sutinen@hannessnellman.com
Anna Sahrakorpi

Anna Sahrakorpi

Associate | Helsinki
anna.sahrakorpi@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com
Beata-Maria Pippingsköld

Beata-Maria Pippingsköld

Senior Associate | Helsinki
bea.pippingskold@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com

Parties

FSN Capital, eCraft, Orango, Fellowmind

Transaction

Fellowmind, eCraft and Orango merge to create European Microsoft Business Applications platform

Deal Value

Value not public

Role

Counsel to eCraft and its owners

Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Johannes Husa

Johannes Husa

Senior Associate | Helsinki
johannes.husa@hannessnellman.com
Kaisa Himmanen

Kaisa Himmanen

Associate | Helsinki
kaisa.himmanen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Beata-Maria Pippingsköld

Beata-Maria Pippingsköld

Senior Associate | Helsinki
bea.pippingskold@hannessnellman.com
Anna Räty

Anna Räty

Associate | Helsinki
anna.raty@hannessnellman.com

Counsel in Supreme Administrative Court case confirming equal treatment of a Swedish real estate investor in Finnish taxation

Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com

Parties

Outotec Oyj, Metso Corporation

Transaction

The combination of Outotec and Metso Minerals through a demerger

Deal Value

EUR 3.9 billion (illustrative combined sales)

Role

Counsel to Outotec Oyj

Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Outi Raitasuo

Outi Raitasuo

Partner | Helsinki
outi.raitasuo@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Peter Forsberg

Peter Forsberg

Partner | Stockholm
peter.forsberg@hannessnellman.com
Anna-Maria Tamminen

Anna-Maria Tamminen

Partner | Helsinki
anna-maria.tamminen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Maria Wasastjerna

Maria Wasastjerna

Partner | Helsinki
maria.wasastjerna@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Laura Kotilainen

Laura Kotilainen

Counsel | Helsinki
laura.kotilainen@hannessnellman.com
Elina Toivakainen

Elina Toivakainen

Counsel | Helsinki
elina.toivakainen@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate | Helsinki
annemari.rosi@hannessnellman.com
Samuli Pirinen

Samuli Pirinen

Senior Associate | Helsinki
samuli.pirinen@hannessnellman.com
Emmi Kantola

Emmi Kantola

Associate | Helsinki
emmi.kantola@hannessnellman.com
Taina Metso

Taina Metso

Associate | Helsinki
taina.metso@hannessnellman.com
Anna Sahrakorpi

Anna Sahrakorpi

Associate | Helsinki
anna.sahrakorpi@hannessnellman.com
Anton Karlais

Anton Karlais

Associate | Helsinki
anton.karlais@hannessnellman.com
Henrik Hautamäki

Henrik Hautamäki

Senior Associate | Helsinki
henrik.hautamaki@hannessnellman.com
Ina Rautiainen

Ina Rautiainen

Associate | Helsinki
ina.rautiainen@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com
Johan Holmquist

Johan Holmquist

Senior Associate | Stockholm
johan.holmquist@hannessnellman.com
Maria Landtman

Maria Landtman

Partner | Helsinki
maria.landtman@hannessnellman.com
David Olander

David Olander

Senior Associate | Stockholm
david.olander@hannessnellman.com
Itai Coleman

Itai Coleman

Associate | Stockholm
itai.coleman@hannessnellman.com

Counsel in Supreme Administrative Court case confirming that Refinancing of real estate company’s bank loans is not subject to transfer tax.

Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Matleena Pälve

Matleena Pälve

Senior Associate | Helsinki
matleena.palve@hannessnellman.com

Counsel in Supreme Administrative Court case confirming that share transfer tax is not due on purchase price of shareholder loans

Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Matleena Pälve

Matleena Pälve

Senior Associate | Helsinki
matleena.palve@hannessnellman.com

Parties

Peab AB (Buyer), YIT Corporation (Seller), YIT’s Nordic paving and mineral aggregates businesses (Targets)

Transaction

YIT’s sale of its Nordic paving and mineral aggregates businesses in Finland, Sweden, Norway and Denmark to Peab

Deal Value

EUR 280 million

Role

Counsel to YIT Corporation

Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Jesper Kostiainen

Jesper Kostiainen

Managing Associate | Helsinki
jesper.kostiainen@hannessnellman.com
Suvi-Tuuli Saarnio

Suvi-Tuuli Saarnio

Senior Associate | Helsinki
suvi-tuuli.saarnio@hannessnellman.com
Kaisa Himmanen

Kaisa Himmanen

Associate | Helsinki
kaisa.himmanen@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner | Helsinki
jesper.nevalainen@hannessnellman.com
Klaus Metsä-Simola

Klaus Metsä-Simola

Specialist Partner | Helsinki
klaus.metsa-simola@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Ninja Pyy

Ninja Pyy

Associate | Helsinki
ninja.pyy@hannessnellman.com
Emmi Kantola

Emmi Kantola

Associate | Helsinki
emmi.kantola@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Klaara Lähteenoja

Klaara Lähteenoja

Associate | Helsinki
klaara.lahteenoja@hannessnellman.com
Toni Malminen

Toni Malminen

Counsel | Helsinki
toni.malminen@hannessnellman.com
Jenny Lundberg

Jenny Lundberg

Specialist Partner | Stockholm
jenny.lundberg@hannessnellman.com
Janna Pihanurmi

Janna Pihanurmi

Associate | Helsinki
janna.pihanurmi@hannessnellman.com

Parties

Tieto Corporation, EVRY ASA

Transaction

The combination of Tieto and EVRY through a cross-border merger

Deal Value

Value not public

Role

Counsel to EVRY ASA

Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Outi Raitasuo

Outi Raitasuo

Partner | Helsinki
outi.raitasuo@hannessnellman.com
Elisabeth Vestin

Elisabeth Vestin

Partner | Stockholm
elisabeth.vestin@hannessnellman.com
Anna Ribenfors

Anna Ribenfors

Counsel | Stockholm
anna.ribenfors@hannessnellman.com
Riikka Kuha

Riikka Kuha

Senior Associate | Helsinki
riikka.kuha@hannessnellman.com
Annika Schauman

Annika Schauman

Senior Associate | Helsinki
annika.schauman@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com

Counsel to a taxpayer receiving confirmation that a transfer of a business at an early stage qualifies as a transfer of a going concern for VAT purposes.

Piia Ahonen

Piia Ahonen

Specialist Partner | Helsinki
piia.ahonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com

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

Tuire Kuronen

Tuire Kuronen

Partner | Helsinki
tuire.kuronen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Mikko Huimala

Mikko Huimala

Partner | Helsinki
mikko.huimala@hannessnellman.com
Tero Pikkarainen

Tero Pikkarainen

Associate | Helsinki
tero.pikkarainen@hannessnellman.com

Parties

Funds managed by Sentica Partners Oy (Buyer), Mikael Swanljung and his family (Sellers), Picnic Finland Oy, Europicnic Oy and La Torrefazione Oy (Targets)

Transaction

Sentica Partners’ acquisition of majority ownership in Picnic Company Group from Mikael Swanljung and his family

Deal Value

Value not public

Role

Counsel to Mikael Swanljung and his family

Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Johannes Husa

Johannes Husa

Senior Associate | Helsinki
johannes.husa@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Sara Soini

Sara Soini

Associate | Helsinki
sara.soini@hannessnellman.com

The Finnish Supreme Administrative Court issued a resolution concerning the VAT treatment of intermediary services to Finnish students aiming to study abroad in the U.S. Piia Ahonen successfully defended the client’s position through instances, and the resolution issued by the Supreme Administrative Court as a yearbook decision finally confirms that the client’s position is right and that the tax assessments were unlawful. The intermediary services are not subject to Finnish VAT due to the fact that the client acted as an intermediary between U.S. schools and Finnish students in relation to U.S.-based education and accommodation services that are not taxed in Finland.

Piia Ahonen

Piia Ahonen

Specialist Partner | Helsinki
piia.ahonen@hannessnellman.com

Parties

Nordic Healthcare Group Oy, Vaaka Partners Oy

Transaction

Vaaka Partner's investment in Nordic Healthcare Group

Deal Value

Value not public

Role

Counsel to Vaaka Partners

Sten Olsson

Sten Olsson

Partner | Helsinki
sten.olsson@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Olli-Pekka Veranen

Olli-Pekka Veranen

Specialist Partner | Helsinki
olli-pekka.veranen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Mikael Lustig

Mikael Lustig

Associate | Helsinki
mikael.lustig@hannessnellman.com
Karoliina Kyläkoski

Karoliina Kyläkoski

Associate | Helsinki
karoliina.kylakoski@hannessnellman.com
Matias Moberg

Matias Moberg

Associate | Helsinki
matias.moberg@hannessnellman.com

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.

Tuire Kuronen

Tuire Kuronen

Partner | Helsinki
tuire.kuronen@hannessnellman.com
Iiris Ikkelä

Iiris Ikkelä

Associate | Stockholm
iiris.ikkela@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com

Parties

Areim Fund III (Buyer), Avant Capital Partners, Varma Mutual Pension Insurance Company, EPISO 4 fund (Sellers)

Transaction

Areim Fund's acquisition of a portfolio of eight office properties from Avant Capital Partners, Varma Mutual Pension Insurance Company and EPISO 4 fund advised by Tristan Capital Partners

Deal Value

Value not public

Role

Counsel to Areim Fund III

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Antti Alanko

Antti Alanko

Partner | Helsinki
antti.alanko@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Senior Associate | Helsinki
katja.heikkinen@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Carolina Lefort Ahokanto

Carolina Lefort Ahokanto

Associate | Helsinki
carolina.lefortahokanto@hannessnellman.com
Panu Vikberg

Panu Vikberg

Associate | Helsinki
panu.vikberg@hannessnellman.com

Parties

Skandia Fastigheter AB (Seller), Castellum AB (Buyer)

Transaction

Skandia Fastigheter AB's divestment of a 14,400 sqm of office property in Helsinki to Castellum AB

Deal Value

Value not public

Role

Counsel to Skandia Fastigheter AB

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Antti Antikainen

Antti Antikainen

Senior Associate | Helsinki
antti.antikainen@hannessnellman.com
Ninja Pyy

Ninja Pyy

Associate | Helsinki
ninja.pyy@hannessnellman.com

Parties

CapMan Infra (Bidder), Elenia Group (Target)

Transaction

CapMan Infra signed to invest in Elenia, a leading Finnish electricity network and district heat company

Deal Value

EUR 70 million

Role

Counsel to CapMan Infra

Rabbe Sittnikow

Rabbe Sittnikow

Partner | Helsinki
rabbe.sittnikow@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Olli-Pekka Veranen

Olli-Pekka Veranen

Specialist Partner | Helsinki
olli-pekka.veranen@hannessnellman.com
Kati Punakallio

Kati Punakallio

Counsel | Helsinki
kati.punakallio@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Karoliina Kyläkoski

Karoliina Kyläkoski

Associate | Helsinki
karoliina.kylakoski@hannessnellman.com

Parties

CVC Capital Partners, LocalTapiola, Varma, Ilmarinen, Mehiläinen management (Buyers), Mehiläinen Oy (Target), Kohlberg Kravis Roberts & Co. L.P., Triton Partners (Sellers)

Transaction

LocalTapiola's co-investment with CVC Capital Partners, Varma and Ilmarinen to Mehiläinen Oy, a leading Finnish private health- and social care provider

Deal Value

Value not public

Role

Counsel to LocalTapiola

Outi Raitasuo

Outi Raitasuo

Partner | Helsinki
outi.raitasuo@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Kati Punakallio

Kati Punakallio

Counsel | Helsinki
kati.punakallio@hannessnellman.com
Sara Soini

Sara Soini

Associate | Helsinki
sara.soini@hannessnellman.com
Roosa Väre

Roosa Väre

Associate | Helsinki
roosa.vare@hannessnellman.com
Kaisa Himmanen

Kaisa Himmanen

Associate | Helsinki
kaisa.himmanen@hannessnellman.com

Handled pilot cases concerning the tax treatment of debt pushdown in the Supreme Administrative Court.

Counsel to a tax payer in a court proceeding which confirmed that earn out payments cannot be taxed as salary income subject to highest progressive tax rates.

Counsel to several landlords defeating Finnish Tax Authorities’ attempt to deny VAT deductions on the basis of tenant’s bankruptcy.

Counsel to a client receiving confirmation from the Supreme Administrative Court that despite domestic tax law provisions the treaty dividend participation exemption prevents Finland from taxing a capital repayment from paid-in capital by a US subsidiary.

Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com

Counsel to a taxpayer in a case concerning the VAT treatment of coworking services. 

Parties

A fund managed by J.P. Morgan Asset Management (Seller), a fund managed by Genesta (Buyer)

Transaction

J.P. Morgan Asset Management's disposal of a 66,680 sqm logistics property in Espoo to a fund managed by Genesta

Deal Value

Value not public

Role

Counsel to J.P. Morgan

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Senior Associate | Helsinki
katja.heikkinen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Ninja Pyy

Ninja Pyy

Associate | Helsinki
ninja.pyy@hannessnellman.com

Parties

Santander Consumer Finance Oy, SFC Rahoituspalvelut Kimi VI DAC

Transaction

Issue of EUR 634,700,000 Class A Notes and EUR 64,800,000 Class B Notes by SFC Rahoituspalvelut Kimi VI DAC secured by a portfolio of hire purchase agreements made by Santander Consumer Finance Oy

Deal Value

EUR 699,500,000

Role

Counsel to Santander Consumer Finance Oy

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com

Parties

Vaaka Partners (Buyer), management and minority shareholders (Sellers), Smoothie Heaven Oy (Target)

Transaction

Vaaka Partners acquired majority of shares in Smoothie Heaven Oy, a juice and smoothie bar company known as Jungle Juice Bar, from management and minority shareholders

Deal Value

Value not public

Role

Counsel to Vaaka Partners

Sten Olsson

Sten Olsson

Partner | Helsinki
sten.olsson@hannessnellman.com
Olli-Pekka Veranen

Olli-Pekka Veranen

Specialist Partner | Helsinki
olli-pekka.veranen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Mikael Lustig

Mikael Lustig

Associate | Helsinki
mikael.lustig@hannessnellman.com

Parties

Skandia Fastigheter (Buyer), Fund managed by TRIUVA (Seller), 14,400 sqm of office property (Target)

Transaction

Skandia Fastigheter’s acquisition of 14,400 sqm of office property in Helsinki from a fund managed by TRIUVA.

Deal Value

Value not public

Role

Counsel to Skandia Fastigheter

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Antti Antikainen

Antti Antikainen

Senior Associate | Helsinki
antti.antikainen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Matleena Pälve

Matleena Pälve

Senior Associate | Helsinki
matleena.palve@hannessnellman.com

Parties

Ahlström Capital (Buyer), Oy GW Sohlberg Ab (Seller), 39% of shares in Detection Technology and 18% of shares in Glaston (Targets)

Transaction

Ahlström Capital’s acquisition of shares in Detection Technology and Glaston from Oy GW Sohlberg Ab

Deal Value

Approx. EUR 110 million

Role

Counsel to Oy GW Sohlberg Ab

Johan Aalto

Johan Aalto

Partner | Helsinki
johan.aalto@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Parties

Lemminkäinen Corporation and YIT Corporation

Transaction

The combination of Lemminkäinen Corporation and YIT Corporation through a statutory merger

Deal Value

EUR 771 million

Role

Counsel to Lemminkäinen

Sonja Siggberg

Sonja Siggberg

Partner | Helsinki
sonja.siggberg@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Elina Toivakainen

Elina Toivakainen

Counsel | Helsinki
elina.toivakainen@hannessnellman.com
Laura Tavakka

Laura Tavakka

Senior Associate | Helsinki
laura.tavakka@hannessnellman.com
Heikki Majamaa

Heikki Majamaa

Counsel | Helsinki
heikki.majamaa@hannessnellman.com
Jesper Kostiainen

Jesper Kostiainen

Managing Associate | Helsinki
jesper.kostiainen@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Jenni Heurlin

Jenni Heurlin

Associate | Helsinki
jenni.heurlin@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com

Parties

J.P. Morgan Asset Management fund (Seller), Alma Property Partners I AB (Buyer)

Transaction

The disposal of four office properties in the Keilaniemi business district of Espoo, Finland by a J.P. Morgan Asset Management fund to Alma Property Partners I AB

Deal Value

Value not public

Role

Counsel to J.P. Morgan

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Senior Associate | Helsinki
katja.heikkinen@hannessnellman.com
Ninja Pyy

Ninja Pyy

Associate | Helsinki
ninja.pyy@hannessnellman.com

Parties

J.P. Morgan Asset Management (Seller); Genesta (Buyer)

Transaction

Disposal of a 11,200 sqm office property in Helsinki by a fund managed by J.P. Morgan Asset Management to a fund managed by Genesta

Deal Value

Value not public

Role

Counsel to J.P. Morgan Asset Management

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Senior Associate | Helsinki
katja.heikkinen@hannessnellman.com
Ninja Pyy

Ninja Pyy

Associate | Helsinki
ninja.pyy@hannessnellman.com
Janne Veneranta

Janne Veneranta

Senior Associate | Helsinki
janne.veneranta@hannessnellman.com
Tuuli Pikkarainen

Tuuli Pikkarainen

Senior Associate | Helsinki
tuuli.pikkarainen@hannessnellman.com

Parties

Ahlstrom Oyj, Munksjö Oyj

Transaction

The combination of Ahlstrom and Munksjö through a merger

Deal Value

Approx. EUR 1,2 billion

Role

Lead counsel to Ahlstrom

Johan Aalto

Johan Aalto

Partner | Helsinki
johan.aalto@hannessnellman.com
Sonja Siggberg

Sonja Siggberg

Partner | Helsinki
sonja.siggberg@hannessnellman.com
Antti Kuha

Antti Kuha

Managing Associate | Helsinki
antti.kuha@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Henrik Hautamäki

Henrik Hautamäki

Senior Associate | Helsinki
henrik.hautamaki@hannessnellman.com
Janne Veneranta

Janne Veneranta

Senior Associate | Helsinki
janne.veneranta@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate | Helsinki
annemari.rosi@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com

Parties

Powerflute Oyj (Target), Madison Dearborn Partners, LLC (Bidder)

Transaction

Recommended cash offer for Powerflute Oyj by Nordic Packaging and Container (Finland) Holdings Oy an affiliate of Madison Dearborn Partners, LLC

Deal Value

GBP 268 million

Role

Counsel to Powerflute Oyj

Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Elina Toivakainen

Elina Toivakainen

Counsel | Helsinki
elina.toivakainen@hannessnellman.com
Toni Malminen

Toni Malminen

Counsel | Helsinki
toni.malminen@hannessnellman.com

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

Tuire Kuronen

Tuire Kuronen

Partner | Helsinki
tuire.kuronen@hannessnellman.com
Jesper Kostiainen

Jesper Kostiainen

Managing Associate | Helsinki
jesper.kostiainen@hannessnellman.com
Markus Bremer

Markus Bremer

Partner | Helsinki
markus.bremer@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Parties

State of Finland (Seller), Patria Oyj (Target), Kongsberg Defence & Aerospace AS (Buyer)

Transaction

The Finnish government's sale of 49.9% of its shares in Patria Oyj to Kongsberg Defence & Aerospace AS

Deal Value

EUR 272 million

Role

Counsel to Patria and its shareholder

Panu Siitonen

Panu Siitonen

Partner | Helsinki
panu.siitonen@hannessnellman.com
Rabbe Sittnikow

Rabbe Sittnikow

Partner | Helsinki
rabbe.sittnikow@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Jesper Kostiainen

Jesper Kostiainen

Managing Associate | Helsinki
jesper.kostiainen@hannessnellman.com
Henrik Hautamäki

Henrik Hautamäki

Senior Associate | Helsinki
henrik.hautamaki@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

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Tuire Kuronen

Tuire Kuronen

Partner | Helsinki
tuire.kuronen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Heikki Majamaa

Heikki Majamaa

Counsel | Helsinki
heikki.majamaa@hannessnellman.com
Katja Heikkinen

Katja Heikkinen

Senior Associate | Helsinki
katja.heikkinen@hannessnellman.com
Klaus Metsä-Simola

Klaus Metsä-Simola

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

Johanna Haltia-Tapio

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

Anna-Maria Tamminen

Partner | Helsinki
anna-maria.tamminen@hannessnellman.com

Parties

Ahlstrom (Seller), Ahlstrom’s building and wind business unit (Target), Owens Corning (Buyer)

Transaction

Ahlstrom’s divestment of its building and wind business unit to Owens Corning

Deal Value

EUR 73 million

Role

Counsel to Ahlstrom

Johan Aalto

Johan Aalto

Partner | Helsinki
johan.aalto@hannessnellman.com
Heidi Haanpää

Heidi Haanpää

Partner | Helsinki
heidi.haanpaa@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Parties

Acorda Therapeutics (Bidder), Biotie Therapies (Target)

Transaction

Acorda Therapeutics' public tender offer of the shares and other securities in Biotie Therapies

Deal Value

USD 363 million

Role

Counsel to Biotie Therapies Corp.

Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Elina Toivakainen

Elina Toivakainen

Counsel | Helsinki
elina.toivakainen@hannessnellman.com
Henrik Hautamäki

Henrik Hautamäki

Senior Associate | Helsinki
henrik.hautamaki@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Anna-Maria Tamminen

Anna-Maria Tamminen

Partner | Helsinki
anna-maria.tamminen@hannessnellman.com
Sonja Siggberg

Sonja Siggberg

Partner | Helsinki
sonja.siggberg@hannessnellman.com

Parties

Adven Group (Target), EQT (Seller), AMP Capital, Infracapital (Buyers)

Transaction

EQT Infrastructure Limited’s sale of Adven Group to a consortium comprising of AMP Capital Investors and Infracapital Partners II

Deal Value

Value not public

Role

Counsel to EQT

Johan Aalto

Johan Aalto

Partner | Helsinki
johan.aalto@hannessnellman.com
Jesper Kostiainen

Jesper Kostiainen

Managing Associate | Helsinki
jesper.kostiainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Henrik Hautamäki

Henrik Hautamäki

Senior Associate | Helsinki
henrik.hautamaki@hannessnellman.com
Marta Kauppinen

Marta Kauppinen

Senior Associate | Helsinki
marta.kauppinen@hannessnellman.com

Parties

Faron Pharmaceuticals Ltd

Transaction

Faron Pharmaceuticals Ltd's IPO and listing on the AIM market of the London Stock Exchange as well as the preceding fundraising of approx. GBP 10 million

Deal Value

Approx. GBP 10 million

Role

Counsel to Faron Pharmaceuticals Ltd

Sonja Siggberg

Sonja Siggberg

Partner | Helsinki
sonja.siggberg@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Anniina Järvinen

Anniina Järvinen

Managing Associate | Helsinki
anniina.jarvinen@hannessnellman.com

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

Tuire Kuronen

Tuire Kuronen

Partner | Helsinki
tuire.kuronen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

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

Tuire Kuronen

Tuire Kuronen

Partner | Helsinki
tuire.kuronen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Parties

Biotie Therapies Corp.

Transaction

Public offering and listing of Biotie Therapies Corp.’s shares on the NASDAQ Global Select Market New York

Deal Value

Approx. EUR 83 million

Role

Counsel to Biotie Therapies Corp.

Sonja Siggberg

Sonja Siggberg

Partner | Helsinki
sonja.siggberg@hannessnellman.com
Mikko Heinonen

Mikko Heinonen

Senior Partner | Helsinki
mikko.heinonen@hannessnellman.com
Antti Kuha

Antti Kuha

Managing Associate | Helsinki
antti.kuha@hannessnellman.com
Henrik Hautamäki

Henrik Hautamäki

Senior Associate | Helsinki
henrik.hautamaki@hannessnellman.com

Parties

Trimble Finland Oy (Buyer), Key employees of and investors in Fifth Element Oy (Seller), Fifth Element Oy (Target)

Transaction

Trimble Finland Oy’s acquisition of Fifth Element Oy from key employees of and investors in Fifth Element Oy

Deal Value

Value not public

Role

Counsel to Trimble Finland Oy

Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Parties

Asiakastieto Group Plc

Transaction

Asiakastieto Group Plc’s IPO and listing on the Helsinki Stock Exchange

Deal Value

Approx. EUR 170 million

Role

Counsel to Asiakastieto Group Plc

Klaus Ilmonen

Klaus Ilmonen

Partner, Doctor of Laws | Helsinki
klaus.ilmonen@hannessnellman.com
Sonja Siggberg

Sonja Siggberg

Partner | Helsinki
sonja.siggberg@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Anniina Järvinen

Anniina Järvinen

Managing Associate | Helsinki
anniina.jarvinen@hannessnellman.com

Parties

Metso Oyj (Seller) and Valmet Oyj (Buyer)

Transaction

Valmet Oyj’s acquisition of the process automation systems business from Metso Oyj

Deal Value

EUR 340 million

Role

Counsel to Valmet Oyj

Johan Aalto

Johan Aalto

Partner | Helsinki
johan.aalto@hannessnellman.com
Sten Olsson

Sten Olsson

Partner | Helsinki
sten.olsson@hannessnellman.com
Jesper Kostiainen

Jesper Kostiainen

Managing Associate | Helsinki
jesper.kostiainen@hannessnellman.com
Heidi Haanpää

Heidi Haanpää

Partner | Helsinki
heidi.haanpaa@hannessnellman.com
Johannes Husa

Johannes Husa

Senior Associate | Helsinki
johannes.husa@hannessnellman.com
Johanna Haltia-Tapio

Johanna Haltia-Tapio

Specialist Partner | Helsinki
johanna.haltia-tapio@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com

Counsel to Henri Juva in the sale of a majority of shares in Quattro Mikenti Group Oy to Adelis Equity Partners Fund I AB by Henri Juva and other sellers.

Represented P Oy in a state aid case (C-6/12) related to the selectivity in the Finnish special permission procedure concerning the utilisation of tax losses following a significant change in the ownership of a Finnish company. In the case, the Finnish Supreme Administrative Court had requested preliminary ruling from the European Court of Justice and as a result, P Oy received the permission to utilise the tax losses.

Prevailed in a published landmark Supreme Administrative Court case where the Supreme Administrative Court annulled res judicata CFC decisions (including its own) because they were in conflict with Cadbury Schweppes (C-196/04) ECJ decision. In 2002, the Supreme Administrative Court had neglected its duty to refer the case to the ECJ.

Counsel to Swedish foundations in dividend withholding tax reclaim cases where the Supreme Administrative Court decided, based on the EU principles, that non-residents should also receive interest for the amounts paid back. The Finnish legislation was later amended to correct the situation.

Prevailed in a case recently published in the Supreme Administrative Court Yearbook concerning the question of whether the tax surcharge should be calculated on the basis of the gross amount or the net amount of the mistake.

Prevailed in a published landmark Supreme Administrative Court case concerning the allocation of income from employee options in cross-border situations. Due to the decision, the Finnish system was changed to better match the OECD principles.

Counsel to Raisio plc in a case against the Finnish Tax Authorities in order to have the profit of MEUR 220 generated from the divestment of Raisio plc’s chemicals business declared tax exempt. The Finnish Supreme Administrative Court decided the case in favour of Raisio plc, thereby “saving” them some MEUR 80.

Counsel in legal proceedings before the Finnish Supreme Administrative Court leading to a ruling whereby Finnish tax authorities are not entitled to raise back taxes from companies by re-characterising legal transactions without relevant mandate given by Finnish domestic tax law.

Counsel in a Central Tax Board case resolving the correct consolidation level indicated in the safe haven rule of the new Finnish interest deduction limitations (earnings stripping).

Counsel in legal proceedings before the Helsinki Administrative Court confirming an earlier Supreme Administrative Court decision that transfer taxes are not payable on the termination of share options.

Counsel to several tax payers successfully claiming a refund for unlawfully imposed transfer tax on issue of employee stock options.

Counsel to a client receiving a confirmation from the Finnish Supreme Administrative Court that an effective redemption clause is to be taken into account when valuing shares for gift tax purposes.

Rankings

  • 'Ranked Tier 1 in Transactional tax and Tax controversy - Finland.'
  • 'Tier 2 in General corporate tax and Indirect tax - Finland.'
  • Ranked Band 1 in Finland  
  • Interviewees describe it as a "solid firm in the market," and note that "they have one of the biggest tax practices."
  • One market insider says that "it is one of the leading firms in Finland," adding: "They are always timely, professional and everything is done in a non-bureaucratic manner."
  • 'Ranked Tier 1 in Tax, Finland'
  • 'A client highlights the practice's commerciality, noting: "They understand the underlying issues and impacts and provide very valuable insights from the tax side, and they understand the business side, too."'
  • 'Another client comments on the team's ability to advise on cross-border matters, saying: "They understand what international clients need and they have excellent language and negotiation skills."'
  • ‘Ranked tier 2 in Tax’
  • ‘Ranked tier 1 in transactional tax & tax controversy - Finland.’
  • “Highly professional and focused.”
  • ‘Ranked tier 1 in transactional tax - Finland.’
  • 'Clients report that the team "works very effectively and can provide high-quality statements in a short time period."
  • ‘Another client enthuses that "whenever we needed their help, they were there right away," and adds that "the whole impression of the firm and their expertise is really good."'
  • ‘Ranked tier 1 in transactional tax - Finland.’
  • 'One client said: "I was very pleased how Hannes Snellman served our business during the acquisition process. They were very professional and their deep knowledge of M&A helped me a lot during the process."'
  • 'One client notes that "they are strong performers, very patient, professional and proactive."'
  • 'The team receives praise from interviewees for its "excellent quality and strong resources."'
  • 'The dedicated team consists of seven professionals, including three partners, and recently appointed associate Matleena Pälve, who came from EY. She focuses on corporate and international tax and assists clients in tax litigation. Another significant partner is Heikki Vesikansa, who is a member of the legal committee of the Finnish Venture Capital Association.'
  • 'Outstanding tax team advising on both national and cross-border tax matters. Areas of expertise include the tax aspects in public M&A transactions, financial instruments, private equity deals and venture capital. Scope of expertise also extends to corporate tax issues, EU tax law and tax litigation.'
  • ‘Hannes Snellman specialises in tax planning and structuring public and private M&A transactions. Heikki Vesikansa joined from KPMG to head the transactional structuring practice. He advises clients in tax structuring of investments, divestments and joint ventures.’

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Main Contacts

Heikki Vesikansa

Partner | Helsinki
+358 9 2288 4496
heikki.vesikansa
@hannessnellman.com

Team

Piia Ahonen

Piia Ahonen

Specialist Partner | Helsinki
piia.ahonen@hannessnellman.com
Joakim Frände

Joakim Frände

Counsel | Helsinki
joakim.frande@hannessnellman.com
Isabella Kartila

Isabella Kartila

Associate | Helsinki
isabella.kartila@hannessnellman.com
Jenni Parviainen

Jenni Parviainen

Managing Associate | Helsinki
jenni.parviainen@hannessnellman.com
Matleena Pälve

Matleena Pälve

Senior Associate | Helsinki
matleena.palve@hannessnellman.com
Outi Raitasuo

Outi Raitasuo

Partner | Helsinki
outi.raitasuo@hannessnellman.com
Viivi Rousku

Viivi Rousku

Associate | Helsinki
Viivi.Rousku@hannessnellman.com
Stefan Stellato

Stefan Stellato

Associate | Helsinki
stefan.stellato@hannessnellman.com
Harri Vehviläinen

Harri Vehviläinen

Counsel | Helsinki
harri.vehvilainen@hannessnellman.com
Heikki Vesikansa

Heikki Vesikansa

Partner | Helsinki
heikki.vesikansa@hannessnellman.com
Maria Qutishat

Maria Qutishat

Legal Assistant | Helsinki
maria.qutishat@hannessnellman.com