Elias Tuomainen

Associate, Master of Laws

Services

  1. Banking & Finance

Contact details

I advise our clients in various domestic and international financing arrangements.

Before starting as a lawyer, I worked at Castrén & Snellman for several years as a trainee. I have also gained experience in another business law firm and in a bank.

I have a Master of Laws degree from the University of Turku. In addition, I have studied law at the China University of Political Science and Law in Beijing.

Latest references

Fortum – Sale of recycling and waste business
We are acting as the lead counsel to Fortum in a cross-border transaction in which Fortum is selling its recycling and waste business. The business is sold to thematic impact investing firm Summa Equity through its portfolio company NG Group. The debt-free purchase price is approximately EUR 800 million. The transaction is subject to authority approval and customary closing conditions. Fortum’s recycling and waste business to be sold comprises municipal and industrial waste management and end-to-end plastics, metals, ash, slag and hazardous waste treatment and recycling services. These businesses are located in Finland, Sweden, Denmark and Norway and currently employ approximately 900 employees.
Case published 18.7.2024
Avesco – Acquisition of Vatupassi Törmälä
We advised Avesco AG in a transaction whereby it acquired all the shares in Vatupassi Törmälä Oy. We also advised Avesco AG in the corporate structuring following the transaction. Vatupassi Törmälä Oy is a Finnish equipment rental company specialising in the rental of construction equipment. It has offices in five locations in Central Finland. Avesco AG is a family owned, leading machinery rental company in Switzerland. The company employs over 1,100 employees in Switzerland, Austria, Finland and the Baltics. Avesco AG is also the official partner of machinery manufacturer Caterpillar. After the transaction Avesco Rent Oy and Vatupassi Törmälä Oy will be merged and the operations are continued under the Vatupassi brand.
Case published 13.6.2024
Global Net Lease – Financing arrangement
We advised Global Net Lease, Inc. in the refinancing of its EUR 74,000,000 Senior Term Loan Facility Agreement. Global Net Lease is a real estate investment trust listed on the NYSE focused on acquiring a global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe, and Necessity Retail assets in strategic locations. The facility was used to finance properties owned by Global Net Lease. The portfolio in question is comprised of five properties, four in Vantaa and one in Mäntsälä. The Vantaa properties are all let to Finnair Oyj, the largest airline company in Finland. The Mäntsälä property is a logistics warehouse and office space let to Tokmanni Oyj, a major stock-listed discount retailer in Finland.
Case published 15.2.2024
Crédit Agricole Corporate and Investment Bank – Financing arrangement
We assisted Crédit Agricole Corporate and Investment Bank Helsinki Branch in a financing arrangement for Destia Oy, the largest infrastructure service company in Finland and part of the global Colas Group. The loan will be used towards general corporate purposes.
Case published 5.2.2024
OP Corporate Bank – Acquisition financing arrangement
We assisted OP Corporate Bank as the lender in a financing agreement in which Sponsor Capital, together with management and two other institutional investors, acquired Fonecta Group.
Case published 17.1.2024
Mérieux Equity Partners – Acquisition of Labquality
We acted as the legal and ESG advisor to Mérieux Equity Partners on the acquisition of a majority stake in Labquality through a leveraged buyout by its buyout fund, Mérieux Participations 4. Existing shareholders of Labquality, including Cor Group and the management, will reinvest a portion of their proceeds into the company in connection with the transaction. Headquartered in Helsinki, Finland, Labquality is a Nordic player specialized in EQA, CRO activities and regulatory affairs, with a strong local presence in Central and Eastern Europe. The company provides a comprehensive array of services for the healthcare, medical technology, and pharmaceutical industries. The company, employing over 120 professionals and supported by a network of more than 150 external experts and consultants across its offices in Finland, Germany, and Poland, serves a diverse clientele of over 8,000 customers, including major pharmaceutical companies in over 60 countries. Mérieux Equity Partners (MxEP) is an AMF-accredited management company dedicated to equity investments in the Healthcare and Nutrition sectors. MxEP actively supports entrepreneurs and companies with differentiated products and services, giving them privileged access to its sector expertise and international network. The transaction will enable Labquality to pursue its buy & build strategy in Europe to accelerate its CRO activities while continuing strong and recurring growth in the EQA segment. Labquality will benefit from MxEP’s sector expertise and financial resources to achieve its ambition of becoming a leading European CRO and EQA platform, with fully integrated regulatory consulting capabilities to serve major customers across Europe.
Case published 4.12.2023
KLP – Acquisition of a majority stake in Elisa Videra through a combination with MVC
We are acting as Finnish legal advisor to KLP Vermögensverwaltungs in a combination of its German subsidiary MVC Mobile VideoCommunication with Elisa Videra, a subsidiary of Elisa Corporation, through a share swap. KLP Vermögensverwaltungs will have a 62.5% holding and Elisa Corporation a 37.5% holding in the combined MVC Videra. The transaction is subject to authority approval in Finland and the estimated closing is in December 2023. In 2023, MVC Videra’s combined turnover is expected to be around EUR 45 million with a total of around 150 employees.
Case published 6.11.2023
Nrep – Green financing arrangement for Noli Studios
We advised Nrep in a financing arrangement for Noli Studios co-living premises in the Herttoniemi residential area of Helsinki. Together with Noli Studios, Nrep strengthens the provision and quality of flexible living solutions. The financing arrangement complies with Nrep’s commitment to become carbon neutral by 2028. Electricity used in the premises is 100 per cent renewable and emission-free and the building will be certified LEED Gold.
Case published 7.8.2023
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