Petri Avikainen

Partner, Helsinki

Biography

“Petri Avikainen is highlighted for his impressive knowledge of regulatory topics relating to stock exchange and securities law in Finland. He assists with both ECM and DCM mandates, and clients describe him as ‘skillful, experienced and reliable.’”
Chambers Europe 2020

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

Representation of SATO Corporation, a Finland-based real estate investment company, on its offering of €350 million 1.375% senior unsecured green bonds due 2028 under its €1.5 billion euro medium term program. Danske Bank, Svenska Handelsbanken, OP Corporate Bank and  Swedbank acted as joint lead managers and bookrunners in the offering. The bonds are listed on the official list of the Irish Stock Exchange trading as Euronext Dublin and traded on its regulated market. The proceeds of the green bond offering will be used for financing and/or refinancing SATO's eligible green assets under its Green Financing Framework.

Representation of 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.

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.

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.

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.

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.

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.

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.

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

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.

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

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.

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

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

Leading Individual, The Legal 500 EMEA 2020

Highly Regarded, IFLR1000 2020

Ranked Lawyer in Capital Markets, Chambers Europe 2020

Band 1 in Capital Markets, Chambers Europe 2020

Tier 1 in Capital Markets, IFLR1000 2020 & The Legal 500 EMEA 2020