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 Sampo plc, a Finland-based Nordic insurance group, on its sale of approximately 162 million shares in Nordea Bank Abp, the largest financial services group in the Nordic markets of Denmark, Finland, Norway and Sweden, through an accelerated bookbuilt offering to Finnish and international institutional investors pursuant to Rule 144A and Regulation S for a total consideration of approximately EUR 1.2 billion. Sampo continues to be Nordea’s largest shareholder, owning approximately 15.9 percent of its shares.Citigroup Global Markets Europe AG and Goldman Sachs International acted as joint bookrunners in the offering. The transaction was launched on November 10, 2020 and closed on November 13, 2020.

Representation of Ahlstrom-Munksjö Oyj on the voluntary recommended public cash tender offer made by a Bain Capital lead consortium formed by (BC) Lux Holdco S.à r.l. (a vehicle owned and controlled by funds managed or advised by Bain Capital Private Equity (Europe), LLP, and/or its affiliates), Ahlstrom Invest B.V (an indirect subsidiary of Ahlström Capital Oy), Viknum AB and Belgrano Inversiones Oy, for all the issued and outstanding shares in Ahlstrom-Munksjö Oyj. The tender offer values Ahlstrom-Munksjö's total equity at approximately EUR 2.1 billion. Ahlstrom-Munksjö is a global leader in innovative and sustainable fiber-based materials and its shares are listed on Nasdaq Helsinki and Nasdaq Stockholm.

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, a Finnish company engaged in the retail trade, 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 The Blackstone Group, a US-based private equity firm, on its recommended public tender offer for all shares in Sponda Plc, a Finland-based property investment company specializing in commercial properties in the largest cities in Finland. With assumed debt, the total value of the transaction is €3.8 billion.

Representation of Neste Corporation, a Finnish oil refining and marketing company, 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, a Finland-based retailer of used cars, 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., a leading specialized automotive component solutions provider based in India, on its €571 million voluntary recommended public tender offer for all shares and stock options in PKC Group Plc, a producer and distributor of electronic components, systems, and parts.

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