Hannes Snellman has a strong capital markets practice. We advise issuers, financial advisers and other market participants in connection with IPOs; public tender offers; share issues; securities offerings; private placements; debt instruments; share buy-backs; and regulatory matters.
Our capital markets practice has gained recognition working as lead counsel in numerous international transactions, drawing on the experience and qualifications of some of our partners who have practised in London and New York. This allows us to amalgamate local requirements with international standards. With an emphasis on a multi-disciplinary approach our capital markets team work closely together with competition and sector experts.
References
Parties
SpectrumOne AB
Transaction
Counsel to SpectrumOne AB on divestments of shares in Eniro Group AB to Azerion Group N.V.
Deal Value
SEK 171 million
Role
Counsel to SpectrumOne AB
Hannes Snellman acted as counsel to Francks Kylindustri and Amplio Private Equity (formerly Segulah) in connection with the issuance of SEK 550 million senior secured bonds with the possibility of subsequent issuance of additional bonds up to a total of SEK 1,25 billion. The issuing entity will apply for an initial listing of the bonds on the Transfer Market segment of Nasdaq First North Bond Market with a subsequent transfer of listing to Nasdaq Stockholm’s corporate bond list or another regulated market within 12 months.
Hannes Snellman acts as counsel to MedTech company Episurf Medical AB, listed on Nasdaq Stockholm, on its partially secured rights issue of units, each consisting of 15 class B shares and 6 warrants entitling to subscription of additional class B shares.
Acted as counsel for NP3 Fastigheter AB, Danske Bank A/S Danmark, Sverige Filial, and Swedbank AB (publ) in the issue of MSEK 300 unsecured green bonds under their existing MTN program.
Parties
Logent Group and Stirling Square Capital Partners (Advisers) LLP
Transaction
Logent Group’s issuance and listing of senior secured notes of SEK 850 million
Deal Value
SEK 850 million
Role
Counsel to Logent Group and Stirling Square Capital Partners (Advisers) LLP
Parties:
Copperstone Resources AB (publ)
Transaction:
Counsel to Copperstone Resources AB (publ) on its listing of its shares on Nasdaq Stockholm Main Market
Deal value:
Market capitalisation of approximately SEK 2 billion as of 8 December 2023
Role:
Counsel to Copperstone Resources AB (publ)
Hannes Snellman advises NYAB Plc on its re-domiciliation and transfer of listing from Finland to Sweden. The re-domiciliation to Sweden is planned to be executed as a cross-border conversion, pursuant to the so-called EU Mobility Directive, whereby NYAB Plc, without being dissolved or liquidated, would be converted from a Finnish to a Swedish public limited liability company with its registered office in Sweden.
Parties:
Copperstone Resources AB (publ)
Transaction:
Hannes Snellman Counsel to Copperstone Resources AB (publ) on its SEK 266 million directed issue of new shares
Deal value:
SEK 266 million
Role:
Counsel to Copperstone Resources AB (publ)
Parties:
Digital Bros S.p.A, Starbreeze AB (publ)
Transaction:
Hannes Snellman Counsel to Digital Bros S.p.A in connection to rights issue in Starbreeze AB (publ)
Value:
SEK 365 million
Role:
Counsel to Digital Bros S.p.A
Parties:
Eltel AB
Transaction:
Eltel AB’s EUR 25 million issue and listing of sustainability - linked hybrid capital securitie
Deal value:
EUR 25 million
Role:
Counsel to Eltel AB
Parties:
NP3 Fastigheter AB (publ)
Transaction:
NP3 Fastigheter AB (publ) on its directed issue and private placement of 2,750,000 ordinary shares to Swedish and international professional and institutional investors.
Deal Value:
SEK 632 million private placement
Role:
Counsel to NP3 Fastigheter AB (publ)
Parties
Rederiaktiebolaget Gotland
Transaction
Counsel to Rederiaktiebolaget Gotland on its listing of its Class A shares and Class B shares on Nasdaq First North Growth Market
Deal value
Market capitalisation of approximately SEK 5 billion as of 7 December 2022
Role
Counsel to Rederiaktiebolaget Gotland
Parties
Sampo plc
Transaction
Counsel to Sampo plc on its dual listing of its Class A shares on Nasdaq Stockholm in the form of Swedish Depository Receipts
Deal Value
Market capitalisation of approximately EUR 24.7 billion as of 31 October 2022
Role
Counsel to Sampo plc
Parties:
Vitec Software Group AB
Transaction:
Vitec Software Group AB on it's SEK 834 million private placement
Deal Value:
SEK 834 million private placement
Role:
Counsel to Vitec Software Group AB
Parties:
Cargotec Corporation, Konecranes Plc
Transaction:
The announced, but subsequently abandoned, merger of Cargotec and Konecranes in 2021-2022
Deal value:
Approx. EUR 2.7 billion
Role:
Counsel to Konecranes Plc
Parties
Copperstone Resources AB (publ)
Transaction
Hannes Snellman Counsel to Copperstone Resources AB (publ) on its SEK 235 million Directed Issue of New Shares
Deal Value
SEK 235 million
Role
Counsel to Copperstone Resources AB (publ)
Parties: Soltech Energy Sweden AB (publ)
Transaction Counsel to Soltech Energy in connection with its SEK 270 million rights issue and overallotment issue of new shares
Deal Value SEK 270 million
Role Counsel to Soltech Energy Sweden AB
Parties:
Thomas H. Lee Partners, inriver AB
Transaction:
Counsel to Thomas H. Lee Partners in its investment in inriver AB
Deal Value:
Not public
Role:
Counsel to Thomas H. Lee Partners
Parties:
Vitec Software Group AB, ABS Laundry Business Solutions
Transaction:
Counsel to Vitec Software Group AB on its acquisition of ABS Laundry Business Solutions
Deal Value:
EUR 80 million
Role:
Counsel to Vitec Software Group AB
Parties
Copperstone Resources AB (publ)
Transaction
Hannes Snellman Counsel to Copperstone Resources AB (publ) in its SEK 80.9 Million Directed Issue of New Shares
Deal Value
SEK 80.9 million
Role
Counsel to Copperstone Resources AB (publ)
Parties
Mangold AB
Transaction
Hannes Snellman acted as counsel to Mangold AB in its listing on the Nasdaq Stockholm Main Market.
Deal Value
Not public
Role
Counsel to Mangold AB
Parties
Copperstone Resources AB (publ)
Transaction
Hannes Snellman Counsel to Copperstone Resources AB (publ) on its SEK 147 million Directed Issue of New Shares
Deal Value
SEK 147 million
Role
Counsel to Copperstone Resources AB (publ)
Parties
NeoGames S.A., Aspire Global plc
Transaction
Counsel to NeoGames S.A. in its public offer for Aspire Global plc
Deal Value
SEK 4.3 billion
Role
Counsel to NeoGames S.A.
Parties
Altia Plc, Arcus ASA
Transaction
Merger of Altia Plc and Arcus ASA to form Anora Group
Deal value
Preliminary aggregated annual revenue EUR 640 million
Role
Lead counsel to Altia Plc
Parties
NP3 Fastigheter AB
Transaction
Counsel on NP3 Fastigheter AB’s subsequent issue of senior unsecured sustainable bonds of SEK 400 million.
Deal Value
SEK 400 million
Role
Counsel to NP3 Fastigheter
Parties
NP3 Fastigheter AB, Bonnier Group
Transaction
Counsel to NP3 Fastigheter AB on Its Acquisition of Real Estate Assets from the Bonnier Group and Issue of New Preference Shares
Deal Value
SEK 251 million
Role
Counsel to NP3 Fastigheter
Parties
Virala Acquisition Company Plc, Purmo Group Ltd
Transaction
Virala Acquisition Company Plc's merger with Purmo Group Ltd.
Deal Value
EUR 685 million
Role
Counsel to Virala Acquisition Company Plc
Parties
Holmström Fastigheter AB, Areim AB, Magnolia Bostad AB
Transaction
Counsel to consortium of F. Holmström Fastigheter AB and Areim AB on its public offer for Magnolia Bostad AB
Deal Value
The offer values Magnolia Bostad at approximately SEK 2,9 billion
Role
Counsel to consortium of F. Holmström Fastigheter AB and Areim AB
Parties
NP3 Fastigheter AB (publ)
Transaction
Hannes Snellman Advised on NP3 Fastigheter AB’s SEK 600 million Bond Issue
Deal Value
SEK 600 million
Role
Counsel to NP3 Fastigheter AB (publ)
Parties
NP3 Fastigheter
Transaction
NP3 Fastigheter on its directed issue and private placement of 7,050,000 new preference shares to professional and institutional investors
Deal Value
SEK 222 million private placement
Role
Counsel to NP3 Fastigheter
Parties
Mekonomen AB
Transaction
Mekonomen AB’s issue of senior unsecured bonds of SEK 1.25 billion
Deal Value
SEK 1.25 billion
Role
Legal advisor to Mekonomen AB
Parties
Savaria Corporation, Handicare Group AB
Transaction
Savaria Corporation in Its Public Offer for Handicare Group AB
Deal value
The offer values Handicare at approximately SEK 2.9 billion
Role
Counsel to Savaria Corporation
Parties
SpectrumOne AB, Eniro AB, and sellers Theodor Jeansson, MGA Placeringar AB, Hajskäret Invest AB, Martin Bjäringer, Thomas Krishan and Patrik Enblad.
Transaction
SpectrumOne on its acquisition of 28% the Shares in Eniro
Deal Value
Value not public
Role
Counsel to SpectrumOne AB
Parties
Copperstone Resources AB (publ)
Transaction
Counsel to Copperstone Resources AB (publ), a mineral exploration company focused on base and precious metal exploration in northern Sweden, on its SEK 160 million issue of new shares with preferential rights for existing shareholders, including a potential over-allotment share issue of additionally up to SEK 10 million.
Value
SEK 160 million
Role
Counsel to Copperstone Resources AB (publ)
Parties
PPG Industries, Inc. (Bidder), Tikkurila Oyj (Target)
Transaction
Recommended public cash tender offer for all of the shares in Tikkurila by PPG Industries, Inc.
Deal Value
EUR 1.5 billion
Role
Counsel to Tikkurila Oyj
Parties
NP3 Fastigheter AB, AB Sagax
Transaction
NP3 Fastigheter AB on its joint venture with AB Sagax
Value
Value not public
Role
Counsel NP3 Fastigheter AB
Parties
Episurf Medical AB
Transaction
Counsel to Episurf Medical AB, a medtech company listed on Nasdaq Stockholm, on its directed issue and private placement of approximately 36.8 million new Series B shares to institutional investors, such as Andra AP-fonden, Tredje AP-fonden, Fjärde AP-fonden, and Unionen.
Deal value
SEK 66 million
Role
Counsel to Episurf Medical AB
Parties
Paradigm Capital Value Fund SICAV, Internationella Engelska Skolan i Sverige Holdings II AB (“IES”)
Transaction
Counsel to consortium led by Paradigm Capital on its public offer for Internationella Engelska Skolan
Deal Value
The offer values IES at approximately 3.3 Billion
Role
Counsel to Consortium Led by Paradigm Capital
Parties
Logent Group, SSCP Lager BidCo AB (publ)
Transaction
Counsel Logent Group and the issuer SSCP Lager BidCo AB (publ) in connection with its listing of bonds on Nasdaq Stockholm.
Deal Value
SEK 900 million
Role
Counsel Logent Group and the issuer SSCP Lager BidCo AB (publ)
Parties
NP3 Fastigheter AB
Transaction
NP3 Fastigheter AB on its private placement of new shares
Deal Value
SEK 90 million
Role
Counsel to NP3 Fastigheter AB
Parties
Copperstone Resources AB (publ)
Transaction
Counsel to Copperstone Resources AB (publ) on Its Private Placement of New Shares
Deal Value
Value not public
Role
Counsel to Copperstone Resources AB (publ)
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
Parties Polygon AB (publ) Transaction Polygon AB (publ) on its EUR 40 million subsequent bond issue Deal Value
EUR 40 million
Role Lead Counsel to Polygon AB (publ)
Counsel to Oasmia Pharmaceutical AB, listed on Nasdaq Stockholm, Mid Cap, on its SEK 399 million issue of new shares with preferential rights for existing shareholders
Parties
Logent AB, Stirling Square Capital Partners LLP
Transaction
Logent Group issue of SEK 900 Million Senior Secured Notes and the Entry Into of a Super Senior RCF
Deal Value
SEK 900 million
Role
Counsel to Logent Group and SSCP
Parties:
NP3 Fastigheter AB
Transaction:
NP3 Fastigheter AB's issue of a SEK 600 million senior unsecured bond
Deal value:
SEK 600 Million
HS role:
Counsel to NP3 Fastigheter AB
Parties
SpareBank 1 Markets AS, Lundin Petroleum AB
Transaction
SpareBank 1 Markets AS in connection with transactions involving Lundin Petroleum AB, listed on Nasdaq Stockholm, Large Cap
Deal Value
SEK 14.5 billion
Role
Counsel to SpareBank 1 Markets AS
Parties
BVF Partners, Calliditas Therapeutics AB
Transaction
BVF Partners' Investment in Calliditas Therapeutics AB
Deal Value
SEK 300 million
Role
Counsel to BVF Partners
Parties
Cramo Plc, Adapteo Plc
Transaction
Cramo’s partial demerger and listing of Adapteo on Nasdaq Stockholm
Deal Value
SEK 5.5 billion
Role
Counsel to Cramo Plc and Adapteo Plc
Parties
NP3 Fastigheter AB (Issuer), ABG Sundal Collier AB (Manager)
Transaction
NP3 Fastigheter AB’s directed issue and private placement of 3.1 million new preference shares to institutional investors
Deal Value
SEK 101.8 million
Role
Counsel to NP3 Fastigheter AB
Parties
Corbis S.A, Procurator-Holdning Oy, Mariatorp Oy, Wipunen Varainhallinta Oy, ÅF AB
Transaction
Investors Corbis S.A., Procurator-Holding Oy, Mariatorp Oy and Wipunen Varainhallinta Oy in connection with subscription of shares in ÅF AB (publ) through a directed share issue amounting to SEK 1.2 billion.
Deal Value
SEK 1.2 billion
Role
Counsel to Investors
Parties
Mekonomen AB (Issuer), Nordea Bank AB (Underwriter), Skandinaviska Enskilda Banken AB (Underwriter)
Transaction
Mekonomen AB on its rights issue and debt financing
Deal Value
SEK 1.62 billion
Role
Counsel to Mekonomen
Parties
NP3 Fastigheter AB (Issuer), Sveavalvet AB (Target)
Transaction
NP3 Fastigheter AB’s issue of new preference shares with preferential rights for the shareholders
Deal Value
SEK 304 million
Role
Counsel to NP3 Fastigheter AB
Parties
BIMobject AB (publ) (Issuer, Target), EQT Ventures (Buyer), Patrick Söderlund (Buyer), Johan Svanström (Buyer), Mojo Capital One (Buyer), Abvent SA (Seller), Procedural Labs AB (Seller), Sven Holmgren (Seller), Johannes Reischböck (Seller)
Transaction
Investments in BIMobject AB (publ) by EQT Ventures, Patrick Söderlund, Johan Svanström and Mojo Capital One
Mekonomen's acquisition of FTZ Autodele & Værktøj A/S. the Danish market leader within automotive spare parts distribution and INTER-TEAM Sp. z. o.o., who has an established market position in the fast-growing and fragmented Polish automotive spare parts market.
Deal Value
EUR 395 million
Role
Counsel to Mekonomen Aktiebolag (publ)
Parties
Eltel AB
Transaction
New share issue with preferential right for existing shareholders of approximately EUR 150 million
Deal Value
EUR 150 million
Role
Counsel to Eltel AB
Parties
Hoist Finance
Transaction
Initial public offering and listing of Hoist Finance's shares on Nasdaq Stockholm
"Hannes Snellman is one of the few firms able to handle highly-complex matters."
Capital Markets
"High level of enthusiasm for engaging and seeing where they can assist. Really responsive without being overbearing. Good mixture of legal analysis and common sense helping to move through issues at an effective rate."
"Extensive legal expertise, fit for large-scale transactions, ability to work in fast-phased projects and deliver on time."
"Practical and to-the-point advice."
"Hannes Snellman are quick, reliable and very easy to work with. Each individual on the team is knowledgeable and I feel we get very good value for money."
"Overall capabilities in conducting complicated projects."
"Hannes Snellman has a strong understanding of issues and the differences between local standards and international ones."
Debt
"Short response time and delivers quality."
Equity
"Provided solid, competent advice in a professional and timely manner and without complicating the process."
"Always available, great coordination and communication. Good knowledge of the substance."
'"We use Hannes Snellman in cross-border actions," reports a client, adding: "Their strength is the high knowledge of international and EU-level legislation."'
'One source comments: "Hannes Snellman has high-calibre expertise in-house and their network is of very good quality," as another adds: "I have been pleased with the firm's ability in multiple countries."'
"Very professional and well-organised team. Wide experience on capital market operations."