Tero Jormanainen

Partner, Helsinki

Emerging Companies, Private Equity, Private Funds, Private M&A

Contact

Tero Jormanainen is a Helsinki-based Partner specialized in M&A, venture capital and private equity with a strong focus on technology related cross-border transactions. He has extensive experience in advising clients in M&A, venture capital and private equity transactions with depth of industry expertise within the healthcare, ICT and life science industries. Tero also heads Roschier’s Private Funds practice in Finland.

Tero originally joined Roschier in 2004 and has since also worked within industry as legal counsel for KONE Corporation, before rejoining Roschier in 2008. He has also worked as a visiting lawyer with Freshfields Bruckhaus Deringer LLP in London 2011-2012.

In addition to his LL.M. degree, Tero holds a Master’s degree in political science from the University of Turku.

Recognitions

Tero is recognized as one of the leading experts in his field by international directories such as Chambers Europe, Chambers Global and IFLR1000 within corporate/M&A in Finland.

This is what clients say about Tero:

“Tero Jormanainen is an amazing lawyer for M&A processes. His role in the negotiation process is very important and very much solution-driven.”
– Chambers Global 2024, Corporate/M&A

“Mr Jormanainen delivers sophisticated, tailor-made solutions.”
– Chambers Global 2024, Corporate/M&A

“He is a go-to person for complex transactions.”
– Chambers Global 2024, Corporate/M&A

“Tero is a very constructive lawyer to work with.”
– Chambers Global 2024, Corporate/M&A

“He is very efficient, to the point and commercial.”
– Chambers Global 2024, Corporate/M&A

“Tero Jormanainen is a great communicator and has the ability to make any circumstances feel straightforward and simple despite the deal complexity.”
– The Legal 500 2024, Commercial, Corporate and M&A

“Tero Jormanainen is extremely good in the M&A processes and related negotiations. He is very much solution-orientated and adapts well in the position the customer has in the negotiations.”
– IFLR1000 2023/2024 (33rd edition)

“He is a great negotiator.”
– Chambers Global 2023, Corporate/M&A

“Tero Jormanainen – highly pragmatic and friendly approach even in substantially complex situations. Highly respected and trusted by our team.”
– The Legal 500 2023, Commercial, Corporate and M&A

“He sees the big picture and what is relevant, and his ability to effectively get the deal over the finish line is phenomenal.”
– Chambers Global 2022, Corporate/M&A

Work highlights

Tero Jormanainen’s experience includes advising:

  • ŌURA in the acquisition of Human Engineering Health Oy, a startup behind the metabolic health product Veri;
  • Advanced Micro Devices, Inc. in acquisition of Silo AI Oy;
  • Solidium in convertible bond investment in satellite imaging company ICEYE;
  • European Directories Group, a portfolio company owned by Triton, in the sale of Fonecta Group to Sponsor Capital;
  • Metacore Games Oy in the acquisition of PinataHEL Oy;
  • Roblox Corporation in the acquisition of Speechly;
  • Warburg Pincus in the acquisition of Epassi Group;
  • Nordic Mezzanine Fund II and other shareholders in the sale of Sauna360 group of companies to Masco;
  • Oura Health Oy in its acquisition of Proxy Inc;
  • TILT Biotherapeutics in connection with their EUR 22 million financing round;
  • Klett Lernen und Information GmbH in the acquisition of the majority shareholding in Studeo Oy;
  • Folmer in the acquisition of a majority stake in REACHLaw Ltd;
  • Wolt in the EUR 7 billion sale of the company to DoorDash;
  • Mobidiag and its shareholders in the EUR 668 million sale of the company to Hologic, Inc;
  • Thermacell Repellents, Inc. in its acquisition of the majority of the shares in Proviter Oy;
  • DevCo Partners Oy in DevCo’s investment in technology manufacturer Bluefors Oy;
  • The shareholders in the sale of Relax Gaming to Kindred Group;
  • Orkla ASA in the acquisition of NutraQ 2 AS, a leading supplier of health and beauty products within the two well-known health and beauty concepts VitaePro and Oslo Skin Lab;
  • Wolt in its EUR 440 million financing round;
  • The Sellers in the sale of Fourkind Global Oy to ThoughtWorks Holdings Finland Oy;
  • Volpi Capital in the management buyout of Profit Holding Oy;
  • Folmer Equity Fund II Ky and Holmberg Brands Oy in the acquisition of a majority stake in Nanso Group;
  • Varjo Technologies Oy in its series C financing round;
  • Goldman Sachs International as Finnish law counsel in its investment in Wolt Enterprises Oy;
  • Elekta AB in the acquisition of Kaiku Health Oy;
  • Quest Diagnostics in the acquisition of Blueprint Genetics;
  • VMP Plc in the merger of VMP and Smile Henkilöstöpalvelut Oyj;
  • Posti Group Corporation in the sale of OpusCapita Solutions Oy to a fund managed by Providence Equity Partners L.L.C.;
  • Humana AB in its acquisition of all shares in Coronaria Hoiva Oy from Coronaria Oy;
  • Funds managed by KKR and Triton in the sale of Mehiläinen Group;
  • Funds managed by Axcel Management A/S in the EUR 163 million acquisition of Orion Diagnostica Oy;
  • Funds advised by Sentica Partners in the acquisition of a majority stake in VMP Group;
  • YIT Corporation in its combination with Lemminkäinen.
Career

Roschier (2008-), Partner since 2014
Freshfields Bruckhaus Deringer LLP /London, Visiting Lawyer (2011-2012)
KONE Corporation, Legal Counsel (2007-2008)
Roschier, Associate Lawyer (2004-2006)

Memberships

Member of the Finnish Bar Association

Education

University of Turku, LL.M. (2004)
University of Turku, M.Sc. (Pol.) (2002)

Languages

English, Finnish, Swedish

Sees the big picture and what is relevant; ability to effectively get the deal over the finish line is phenomenal.

Chambers Global