We advised Efore Plc, a company developing and producing demanding power products, and the lead manager Evli Bank Plc in a rights issue. The rights issue was oversubscribed, and the company raised gross proceeds of approximately EUR 11 million through the issue.
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Fingrid – Ilmarinen’s sale of shares to the Finnish State and OP Pohjola Kantaverkko
We advise Fingrid Oyj in a transaction in which Ilmarinen Mutual Pension Insurance Company is selling its holding of approximately 20 per cent of the shares in Fingrid to the Finnish State and OP Pohjola Kantaverkko Holding Ky. Fingrid owns Finland’s main electricity transmission grid and all significant cross-border transmission connections. The main grid is the backbone of the electricity transmission network, to which major power plants, industrial plants and regional electricity distribution networks are connected.
Case published 11.2.2026
EcoUp – Directed share issue
We acted as legal adviser to EcoUp Oyj in a directed share issue, through which EcoUp raised a total of approximately EUR 3 million in gross proceeds to strengthen the company’s capital structure and finance its growth. The share issue was directed to a limited group of domestic investors, deviating from the shareholders’ pre-emptive subscription right. EcoUp’s shares are traded on the First North Growth Market Finland marketplace maintained by Nasdaq Helsinki. EcoUp promotes the green transition of the construction industry by producing carbon-neutral, energy-efficient and circular economy-based materials, services and technologies that help construction industry players reduce their environmental impact. The company has over 40 years of experience in developing and delivering circular economy solutions to customers.
Case published 29.1.2026
Enersize – Rights issue and warrants
We acted as the legal counsel to Enersize Plc, in its rights issue, where the company raised gross proceeds of approximately MSEK 8.3 in order to promote continued growth and be able to meet increased demand from its customers. The proceeds were allocated to market expansion and sales efforts as well as product, licence and technical validation and development, amongst other things. In connection with the rights issue, warrants were issued free of charge and the subscription period for new shares pursuant to the warrants will run from 1 October 2025 up to and including 15 October 2025. Enersize is a Finnish public limited company having its shares listed on Nasdaq Stockholm First North Growth Market. The company’s shares are traded only in Sweden. Enersize develops and provides software, tools, and services to improve the energy efficiency of industrial compressed air systems, serving industrial companies for whom energy efficiency is both an economic and environmental consideration. With the aim of reducing energy consumption, detecting leaks, and improving performance, its technology enables detailed monitoring, analysis, and real-time optimisation of compressed air systems.
Case published 21.11.2025
Pernod Ricard – Sale of local Nordic beverage brands to Hartwall
We acted as Finnish counsel to Pernod Ricard in the sale of a portfolio of local Nordic brands to Oy Hartwall Ab, an affiliate of the Danish group Royal Unibrew. Pernod Ricard is a worldwide leader in the spirits and wine industry. The local portfolio of brands includes spirits, liqueurs and Finnish wine brands, the best-known being the liqueur Minttu, along with their related production assets based in Turku, Finland.
Case published 21.10.2024