Mergermarket Awards Castrén & Snellman’s Expertise in Complex M&A Work
Mergermarket has chosen Castrén & Snellman as the M&A Legal Adviser of the Year 2017 in Finland. This has been yet another strong year for our M&A team with - among many other highlights - three landmark deals that paved the way for this award.
We advised Ilmarinen Mutual Pension Insurance Company in the merger with Etera Mutual Pension Insurance Company, which is recognised as one of the most significant and complex transactions on the Finnish market this year.
We were also the only law firm to be involved in both public takeovers on the Finnish market, advising Comptel in the takeover by Nokia and Sponda in the takeover by Blackstone, which was the largest ever real estate transaction in Finland.
–All three deals are great examples of the combined transaction and specialty expertise often required in demanding mergers and acquisitions. The Ilmarinen-Etera merger was carried out in an extremely complex regulatory landscape. Nokia introduced new developments to the Finnish market by announcing its bid unconditional before securing the 90% ownership threshold for a squeeze-out process, Partner and Head of M&A Jan Örndahl says.
The Mergermarket European Awards winners are chosen by an independent panel of judges from a wide variety of industry backgrounds. The judges analyse Mergermarket deal data and look for evidence that firms added value to deal processes, supported clients and offered creative solutions to complex situations.
–We are thrilled to receive this award and recognition. There has been a remarkable upswing in M&A activity in Western Europe, and our M&A team has had the privilege of working on the most complex deals this year. Currently, we are leading Mergermarket’s comparison tables for Finland in both the volume and the value of deals, Managing Partner Sakari Lukinmaa cheers.