Mikael is the head of the Real Estate practice in Stockholm and also plays an important role in Snellman’s Infrastructure & Energy practice, which is a multi-disciplinary group of experienced lawyers whose expertise cuts across capital markets, real estate, construction, environment, litigation, PPP, project finance, restructuring and tax. Mikael has extensive experience in real estate transactions, real estate financing, lease matters and development projects, along with experience in matters regarding environmental liability. In addition to the experience in the real estate sector, Mikael has significant experience in transactions in the renewable energy and infrastructure fields.
Snellman Counsel to Mengus in the Acquisition of Solna Hilton 4
Snellman has acted as legal counsel to Mengus’s fourth fund, in the acquisition of the office property Hilton 4 in Solna.
For further information on the transaction, please refer to Mengus’s press release here.
Snellman’s core advisory team comprised Mikael Stabo, Andreas Wingren and Angelica Berntsson (Real Assets).
Snellman Counsel to Atria in the Acquisition of the Swedish Convenience Food Business Gooh
Snellman acted as counsel to Atria in the acquisition of the Swedish convenience food business Gooh.
Gooh is part of Lantmännen Cerealia and a clear market leader in the fresh micromeals product segment in the Swedish retail trade with a market share of around 25 per cent. The acquisition fits with Atria Group’s strategic goal of expanding in the convenience food segment. Closing of the transaction is subject to regulatory approval.
Snellman’s advisory team comprised Claes Kjellberg, Jonas Sjöberg, Nadine Lågland, Carl Tengblad, and Elin Boman (Private M&A), Mikael Stabo, and Angelica Berntsson (Real Assets), Peter Forsberg, and Lars Lundgren (Competition and Regulatory), Anna Ribenfors, and Olof Östman (IP and Technology) and Lisa Pålsson (Employment).
Snellman Counsel to Valorem in Its Entry to Sweden
Snellman acted as legal counsel to VALOREM in its entry to the Swedish market upon the establishment of a co-operation framework with Tribrid Renewables AB in relation to the development of 1 GW of wind and solar projects in Sweden.
Our core team comprised Tapio Teräkivi, Katja Heikkinen, Elisa Panula, Karoliina Kaartinen, Mikael Stabo, and Nadine Lågland.
Snellman Counsel to Tokmanni in its Acquisition of Dollarstore
Snellman acted as counsel to Tokmanni in its acquisition of Dollarstore, one of the leading Swedish discount retail chains.
Dollarstore is one of the largest discount retailers in Sweden, operating through approx. 130 stores across Sweden and two stores in Denmark. Dollarstore’s revenue totalled approximately EUR 394 million for the financial year ending on 31 January 2023.
Tokmanni is Finland’s leading variety discount retailer, with a revenue of EUR 1,168 million in 2020. Tokmanni’s shares are listed on Nasdaq Helsinki.
Snellman’s cross-border team included Claes Kjellberg, Douglas Essehorn, Alexander Lindqvist, Tanja Schnitt, and Carl Tengblad (Private M&A), Mikael Stabo, Abiram Soma, and Angelica Bengtsson (Real Assets), Antti Kuha, Annemari Rosi, and Julius Lempiäinen (Public M&A), Elisabeth Vestin and Olof Östman (IP & Technology), Carolina Wahlby, Rezan Akkurt, and Sofia Granberg (Finance), and Peter Forsberg, Philip Thorell, and Sarah Ek (Competition & Procurement).
Snellman Counsel to the Power Group in Establishing Its Partnership with MediaMarktSaturn
Snellman acted as counsel to the Northern European electronics retailer Power International AS and its subsidiary Power Retail Sweden AB (the “Power Group”), in its acquisition of MediaMarkt Sweden, Europe’s leading retailer of home electronics, and thereby in the establishment of the new partnership between the Power Group and MediaMarkt.
Snellman’s core team included Richard Åkerman, Miklos Kovacs Kal, Nicolina Hultgren Farsani, Tanja Schnitt and Alexander Lindqvist (Private M&A), Peter Forsberg, and Emma Fröderberg Shaiek (Competition & Regulatory), Jenny Lundberg and Josephine Lindgren (Employment), Mikael Stabo and Andreas Wingren (Real Assets), Anna Ribenfors and Jessica Tressfeldt (IP & Technology), and Ebba Sjölin (Finance & Restructuring).
Snellman Counsel to Aneo in the Acquisition of Two Wind Farms in Sweden from Marguerite Infrastructure
Snellman acted as counsel to Aneo, a Norway-based company operating in renewable energy sector owned by TrønderEnergi and HitecVision, in the acquisition of two wind farms in Sweden from Marguerite Infrastructure, a pan-European investor in long-life infrastructure focused on greenfield and brownfield expansion initiatives. This is Aneo’s first investment in renewable energy production outside Norway.
This transaction was carried out as a part of Snellman’s multidisciplinary approach in core areas of legal work relating to green economy, sustainability, ESG, renewable energy projects, natural resources, and infrastructure. Our cross-border team includes experienced lawyers with a business understanding of different parts of the green projects and sustainability sectors and expertise in all fields of evolving green economy, such as ESG, project development, project finance, construction, real estate, energy regulation, environment, planning and regulation, procurement, state aid regulations, M&A, private equity and dispute resolution.
Snellman’s core advisory team comprised Johanna Wärnberg, Douglas Essehorn, Alexander Lindqvist, Nadine Lågland and Emma Johari (Private M&A), Mikael Stabo and Andreas Wingren (Real Assets), and Fredrik Olsson and Rezan Akkurt (Finance & Restructuring)
Snellman Counsel to ALFA Development in Its First Acquisition in the Stockholm Region
Snellman acted as counsel to ALFA Development (“ALFA”) in its indirect acquisition of two properties, with a total size of approximately 23,000 square meters, located at a marina in the Stockholm region (the “Properties”). Following a number of successful property development projects in the Malmö region, ALFA has now completed its first acquisition in the Stockholm region. ALFA will develop the Properties for housing purposes in accordance with a new zoning plan.
ALFA is a solid and well-established property developer known for the development of a number of large projects in Copenhagen. ALFA expanded its operations to Sweden in 2017. This acquisition will be ALFA’s fifth development project in Sweden in only a few years.
Our core team comprised Mikael Stabo and Abiram Soma.
Snellman Counsel to Bewi ASA in Sale and Leaseback Transaction
Snellman acted as counsel to Bewi ASA (“Bewi”) in its indirect sale of ten properties and one land plot located in Norway and Sweden. The agreed property value is approximately NOK 900 million. The buyer is KMC Properties ASA (“KMC”).
Bewi is a leading international provider of packaging, components, and insulations solutions. The transaction is structured as a sale and leaseback, through which long term lease agreements between the property-owning companies and Bewi’s operational companies were entered into in connection with the closing.
Furthermore, KMC has an exclusive right until 30 June 2023 to acquire the remaining part of Bewi’s portfolio valued up to NOK 1,1 billion.
Our core team comprised Mikael Stabo, Abiram Soma, and Andreas Wingren.
Snellman Counsel to Byggma ASA in Sale and Leaseback Transaction
Snellman acted as counsel to Byggma ASA in its indirect sale of two industrial properties located in Norway and Sweden, respectively. The total agreed gross property value is approximately EUR 22,000,000. The buyer is Vika Oppstart 100 AS, an entity managed by Vika Project Finance AS.
The Swedish industrial property is owned by Masonite Fastighet AB and located in Nordmaling municipality, where Byggma ASA’s subsidiary Masonite Beams AB manufactures I-Joists. The transaction is structured as a sale and leaseback, through which a long term lease agreement between the landlord Masonite Fastighet AB and the tenant Masonite Beams AB will be entered into on the closing date.
Our core team comprised Mikael Stabo and Abiram Soma.
Snellman Counsel to Sylvamo Corporation in the Acquisition of Stora Enso Paper Nymölla AB (Including Its Uncoated Freesheet Paper Mill) in Nymölla, Sweden
Snellman acted as counsel to Sylvamo Corporation, a global paper company with mills in Europe, Latin America, and North America, in the acquisition of Stora Enso Nymölla Paper AB, which is operating an uncoated freesheet paper mill in Nymölla, Sweden, for approximately EUR 150 million.
Snellman’s core team included Richard Åkerman, Miklos Kovacs Kal, Alexander Lindqvist and Nadine Lågland (Private M&A), Jenny Lundberg and Lisa Pålsson (Employment), Mikael Stabo and Andreas Wingren (Real Assets) and Olof Östman (IP & Tech).
Snellman Counsel to Slättö in Joint Venture Investment with PEAB
Snellman acted as counsel to Slättö in the formation of a joint venture with PEAB regarding investments into residential housing in Finland.
The joint venture will be owned in equal parts by Slättö Core Plus and PEAB, with the purpose of investing in green residential buildings, focusing on larger cities. As an initial investment, two projects in Vantaa and Turku are acquired from PEAB, comprising 178 residential apartments and 705 square metres of commercial premises. The buildings will receive environmental certification.
Snellman’s team consisted of Mikael Stabo, Tuuli Pikkarainen, Andreas Wingren, Paavo Romakkaniemi, Heikki Vesikansa, Harri Vehviläinen, Piia Ahonen, Marika Sorsa, and Isabella Kartila.
Snellman Counsel to Fazer Group in Its Acquisition of Trensums Food
Nordic Law Firm Snellman acted as counsel to Fazer Group in its acquisition of Trensums Food, a Swedish market-leading producer of plant-based drinks, with a strategic focus on oat drinks. Trensums Food, together with its fully owned subsidiary, generated 779 MSEK (about 77 MEUR) of net sales in the fiscal year ending April 2021. The acquisition is a further step in the implementation of Fazer Group’s growth strategy and ambition to become one of the leading players in non-dairy and plant-based food in Northern Europe. The transaction is subject to Swedish Competition Authority approval.
Trensums Food is a growth company and a leading player in liquid plant-based foods with oat drinks as its main focus. The company was the first in the world to commercially produce oat drinks and today Trensums Food sells its oat drinks to a large part of the world. In recent years, Trensums Food has invested in expanded capacity based on strong demand, which continues to grow – setting the stage for further growth in the future.
Fazer Group, the Food Experience Company, focuses on fast-moving consumer goods, operates in eight countries and exports to around 40 countries. In 2020, Fazer Group had net sales of 1.1 billion euros and almost 8,500 employees. Fazer Group’s operations comply with ethical principles that are based on the Fazer Group’s values and the UN Global Compact.
For further information, please refer to Fazer Group’s press release here.
Our core advisory team included Richard Åkerman, Miklos Kovacs Kal, Jonas Sjöberg, Iiris Ikkelä and Emma Andersson (M&A), Mikael Stabo and Andreas Wingren (Real Assets), Jessica Tressfeldt (IP & Tech), Josephine Lindgren (Employment) and David Olander (Competition).
Snellman Counsel to the Wikström Family when Midroc Becomes Granitor
The brand Midroc is used by a wide range of operations with different constellations of owners in Sweden, the Middle East, and Africa. The company group Midroc Europe is owned by Mohammed Al Amoudi, one of the largest foreign investors in Sweden, together with the Swedish Wikström family. Since its inception in 1996, Midroc Europe has grown strongly and today comprises three business areas with a total turnover of approximately SEK 8 billion and 4,400 employees, most of which are active in the Nordic region.
The Midroc Europe Group will replace the common brand Midroc and from January 2022 instead use the Granitor brand. The change of brand is part of a renewed and formalised ownership agreement between Midroc Europe’s two owner families, and it entails a continued and in-depth collaboration that extends beyond generational boundaries. The new agreement is a natural progression that sees the Wikström family gradually increasing its holdings and Mohammed Al Amoudi becoming a more long-term minority owner and financier.
For further information, please refer to Midroc’s press release here.
Our core advisory team included Ola Åhman and Jonas Sjöberg (M&A), Mikael Stabo (Real Estate), Elisabeth Vestin (IP & Tech), and Albert Danielsson (Finance).
Snellman Counsel to Svensk Plaståtervinning in Acquisition of Industrial Property
Snellman acted as counsel to Svensk Plaståtervinning i Motala AB in its acquisition of an industrial property of approximately 100,000 square metres lettable area located in Motala.
Svensk Plaståtervinning already operates Europe’s largest and most efficient facility for recycling of plastic packaging at the property in Motala, but it recently announced its plan to further invest approximately SEK 1 billion in the facility. As a result of this investment, it will become the world’s largest and most modern facility for plastic recycling with capacity to recycle any plastic containers that comes from Swedish households without any negative climate impact.
Snellman’s team consisted of Mikael Stabo, Andreas Wingren, and Alexander Lindqvist.
Snellman Counsel to Nyfosa in Acquisition of Six Properties
Snellman acted as counsel to Nyfosa Finland AB in transactions by which Nyfosa agreed to acquire altogether six properties in the Finnish cities of Hyvinkää, Oulu, and Tampere.
Nyfosa is building up a diversified portfolio with a long-term perspective in the Finnish property market together with Brunswick Real Estate.
Our core team comprised Matti Lajunen, Paavo Romakkaniemi, Mikael Wood, Marika Sorsa, and Mikael Stabo.
Snellman Counsel to Consortium of F. Holmström Fastigheter AB and Areim AB on Its Public Offer for Magnolia Bostad AB
Snellman advised the consortium of F. Holmström Fastigheter AB and Areim AB on its public cash offer for Magnolia Bostad AB (“Magnolia Bostad”), listed on Nasdaq Stockholm. Skandinaviska Enskilda Banken acted as the sole financial advisor. The offer values Magnolia Bostad at approximately SEK 2.9 billion. Magnolia Bostad is a leading community developer that develops new housing, both rental apartments and condominiums, community properties, and hotels in attractive locations in Sweden’s growth areas and large cities.
Snellman’s advisory team consisted mainly of Ola Åhman, Mattias Friberg, Emma Greiff, and Anton Eriksson (Public M&A and Capital Markets), Fredrik Olsson (Finance), Peter Forsberg and David Olander (Competition), and Mikael Stabo, Alexander Lindqvist, and Andreas Wingren (Real Estate).
Snellman Counsel to Castellum in EUR 640 Million Acquisition of Kielo
Snellman acted as counsel to Castellum in its approximately EUR 640 million acquisition of property company Kielo from Blackstone Tactical Opportunities and Brunswick Real Estate. Kielo holds an office portfolio of approximately 237,000 m2 located in the Helsinki Metropolitan Area and the university towns of Tampere, Turku, Jyväskylä, and Lahti.
Snellman’s cross-border core team in Helsinki and Stockholm included Tapio Teräkivi, Heidi Haanpää, Mikael Stabo, Katja Heikkinen, Netta Pitkämäki, Paavo Romakkaniemi, Mikael Wood, Julia Ranta, Milla Männistö, Andreas Wingren, Alexander Lindqvist, Oliver Vesterlund, Susanna Purovirta, Mikko Huimala, Heikki Majamaa, Ingrid Remmelgas, Beata-Maria Pippingsköld, and Jenni Heurlin.
Snellman Counsel to the Seller in the Divestment of Two Properties to Stenhus Fastigheter
Snellman acted as counsel to the seller in the divestment of two properties in the Stockholm region to Stenhus Fastigheter i Norden AB (publ). The properties are strategically located along the E4, have a lettable area of approximately 10,000 m², and are fully let to the car retailer Bilia AB on long term leases.
Snellman’s team consisted of Mikael Stabo and Andreas Wingren.
Snellman Counsel to Terveystalo on its Acquisition of 72 Per Cent of the Shares and Recommended Mandatory Takeover Offer for Feelgood Svenska AB
Snellman advised Terveystalo Plc, listed on Nasdaq Helsinki, and its wholly owned subsidiary Terveystalo Healthcare Oy in connection with Terveystalo Healthcare Oy’s acquisitions of 72.14 per cent of the shares and simultaneously launched recommended mandatory public takeover offer for all of the remaining shares in Feelgood Svenska AB (publ), listed on Nasdaq Stockholm. The acquisitions and the takeover offer were made at a price of SEK 5.70 per share, implying a premium of 43 per cent over the closing price for the Feelgood share prior to the announcement of the transaction, and valued Feelgood Svenska AB (publ) at SEK 606 million.
The acquisitions of 72.14 per cent of the shares were made from a group of 13 existing shareholders and, in addition, two shareholders representing 6.09 per cent of the shares provided irrevocable and unconditional undertakings to accept the takeover offer. The takeover offer was unanimously recommended by the Independent Bid Committee of Feelgood Svenska AB (publ).
Terveystalo is the largest private healthcare provider in Finland and the market leader in occupational healthcare. The combination with Feelgood, one of Sweden’s leading occupational healthcare companies, opens the door for Terveystalo to the growing Swedish healthcare market and is an important step in Terveystalo’s expansion and growth outside Finland.
Snellman’s advisory team consisted mainly of Mattias Friberg, Ola Åhman, Marcus Lehtinen, and Marc Tevell de Falck (Public M&A and Capital Markets), Klaus Ilmonen and Anna Sahrakorpi (Corporate and Capital Markets), Markus Bremer, Matias Moberg, Rezan Akkurt, and Albert Danielsson (Finance), Peter Forsberg, David Olander, and Nathalie Miskin (Competition), Jenny Lundberg and Josephine Lindgren (Employment), Elisabeth Vestin and Itai Coleman (IP/Tech), and Mikael Stabo and Andreas Wingren (Real Assets).
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