Petri Avikainen

Partner, Helsinki

Biography

Acclaimed lawyer Petri Avikainen supports domestic and international clients with major capital markets and M&A transactions.

Overview

Petri Avikainen advises clients on domestic and international capital markets and M&A transactions, including rights offerings, initial public offerings, accelerated book-built offerings, equity-linked and debt offerings and public tender offers.

He also regularly advises Finnish publicly-traded companies and other national and international corporate and investment banking clients on issues related to Finnish corporate and securities laws.

Since joining White & Case in 2000, Petri has worked on numerous market-leading Finnish capital markets and corporate transactions across a diverse range of sectors. Drawing on his significant experience handling innovative and first-of-a-kind deals, Petri leads clients through all stages of the transactional process, from planning to completion.

Committed to helping his clients to execute vital transactions, regardless of their scale or cross-border complexity, he has recently acted for companies in the chemicals, engineering, financial services, housing investment and mining industries.

Bars and Courts
Finnish Bar Association
Education
LLM
Turku University School of Law
Languages
English
Finnish

Experience

Metso's combination of Metso Minerals and Outotec, 2019
Advising Metso Corporation, a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries, on the combination of Metso Minerals and Outotec Oyj under the name Metso Outotec, with the remainder of Metso, Metso Flow Control, becoming an independent separately listed company under the name Neles. The combination will be implemented through a partial demerger of Metso, in which all assets and liabilities of Metso that relate to Metso Minerals will transfer to Outotec in exchange for shares in Outotec to be issued to Metso shareholders. The combined company had illustrative combined sales of €3.9 billion in 2018 and approximately 15,600 employees and will maintain its listing on Nasdaq Helsinki.

ÅF AB €611 million recommended cash Tender Offer for all shares in Pöyry, 2019
Representation of ÅF AB in its €611 million recommended public cash tender offer for all issued and outstanding shares in Pöyry PLC. Together with the shares acquired by ÅF through market purchases, the shares tendered during the offer period, including the subsequent offer period, represent approximately 99.3 percent of all the issued and outstanding shares and voting rights in Pöyry. ÅF is an engineering and design company within the fields of energy, industry and infrastructure, based in Europe and operating globally with net sales in 2018 of SEK 13,975 million. Pöyry is an international consulting and engineering company serving clients across power generation, transmission and distribution, forest industry, biorefining & chemicals, mining and metals, infrastructure and water and environment.

Amer Sports Corporation's €4.6 billion voluntary recommended cash tender offer made by Mascot Bidco Oy, 2019
Representation of Amer Sports Corporation, a sporting goods company with internationally recognized brands, on the €4.6 billion voluntary recommended cash tender offer made by Mascot Bidco Oy, owned by investor consortium of ANTA Sports Products Limited, FountainVest Partners, Anamered Investments (an investment vehicle owned by Mr. Chip Wilson, the founder of Lululemon) and Tencent (investing through a FountainVest Fund), for all the issued and outstanding shares in Amer Sports Corporation. The shares tendered during the offer period, including the subsequent offer period, represent approximately 98.1 percent of all issued and outstanding shares and votes in Amer Sports Corporation. The transaction is the largest ever cash public tender offer for a Finnish listed company.

Stockmann €250 million notes offering and consent solicitation process, 2017
Representation of Danske Bank, Nordea and OP as coordinators and lead managers, and DNB, Handelsbanken and Swedbank as lead managers, on Stockmann plc's issue of €250 million senior secured notes due 2022 and a consent solicitation process regarding early repayment of Stockmann’s existing €150 million notes due 2018.

Huhtamaki €150 million notes offering and cash tender offer, 2017
Representation of Huhtamäki Oyj on its issue of €150 million notes due 2024 and its related cash tender offer to the holders of its existing €200 million notes due 2020.

Blackstone €3.8 billion public tender offer for Sponda, 2017
Representation of The Blackstone Group on its recommended public tender offer for all shares in Sponda Plc. With assumed debt, the total value of the transaction is €3.8 billion.

Neste €400 million notes offering and cash tender offer, 2017
Representation of Neste Corporation on its issue of €400 million notes due 2024 and its related cash tender offers to the holders of its existing €400 million notes due 2019 and €500 million notes due 2022.

Kamux €119 million IPO, 2017
Representation of Kamux Corporation and its selling shareholder, Intera Fund II Ky, on the IPO and Nasdaq Helsinki listing of the shares in Kamux.

Motherson Sumi Systems €571 million tender offer for PKC, 2017
Representation of Motherson Sumi Systems Ltd. on its €571 million voluntary recommended public tender offer for all shares and stock options in PKC Group Plc.

Combination of Munksjö and Ahlstrom, 2016
Representation of Munksjö Oyj on the combination of Munksjö and Ahlstrom Corporation through a statutory absorption merger.

Tokmanni €165 million IPO, 2016
Representation of Tokmanni Group Corporation and its selling shareholder, the Nordic Capital company Cidron Disco S.à r.l., on the IPO and Nasdaq Helsinki listing of the shares in Tokmanni.

SATO €300 million senior guaranteed unsecured Eurobond offerings, 2016 and 2015
Representation of SATO Corporation on its €300 million senior guaranteed unsecured Eurobond offerings. The bonds are listed on the Irish Stock Exchange.

Finnair €200 million hybrid capital securities offering and hybrid capital cash tender offer, 2015
Representation of Danske Bank, Morgan Stanley and Pohjola Bank, as the joint lead managers, on Finnair plc's issue of €200 million hybrid capital securities and representation of Danske Bank, as the tender agent, and Danske Bank and Morgan Stanley, as the dealer managers, on Finnair’s related cash tender offer to the holders of its existing €120 million hybrid capital securities issued in 2012.

 

Speaking Engagements

"Talentum Legal Education", October 2017: Securities Market Seminar, Helsinki, Finland, Speaker

 

Publications

Co-author of the Finland chapter in Oxford University Press’ European Securities Law (First Edition 2010; Second Edition 2013)

 

Awards and Recognition

Highly Regarded, IFLR1000 2019

Highly Regarded, IFLR1000 2018

Ranked Lawyer in Capital Markets (Band 2) – Finland, Chambers Europe 2017

Ranked Lawyer in Capital Markets Law – Finland, Best Lawyers 2013-2017