A subtle wind of change is blowing in the Finnish economy that has continued to underperform this year. The market is waking up, and positive signs are growing stronger. Interest rates seem to be falling, which we expect to stimulate the market and hopefully kick-start the economy. There is a lot of work to do which has been left undone.
Despite these positive signals, Europe, including Finland, risks falling behind in the global race. The significant shifts of our time, such as the green transition and the rapid progress in artificial intelligence, present golden opportunities for business and growth. However, we must ask ourselves: Is our progress hindered by an overemphasis on an increasing amount of regulation, security and a tendency towards state-centred thinking?
In the United States AI solutions and green innovations are racing forward. The US is even expected to take the lead in commercialising the green transition. Meanwhile, Europe is busy crafting and refining regulations when we should be financing change and solutions.
Of course, we need regulation to ensure fair competition, sustainable development, and consumer protection. But regulation shouldn’t be an end in itself or become an insurmountable barrier to growth and development. A shift in this mindset would boost our competitiveness and create better conditions for turning the challenges of our time into sustainable business opportunities.
As the market finally begins to bounce back, we must seize the opportunity to drive growth. Change won’t happen on its own; it will require a united effort and policies that enable growth while ensuring sustainability without creating unnecessary obstacles. Now, it’s time to roll up our sleeves and work with our clients to foster growth and create sustainable success stories.
I wish our clients and business partners a delightful summer!
Latest insights
Article published 17.7.2026 – Real Estate Investments & Transactions
Special features of real estate transactions in Finland: Formal requirements, permit requirements and pre-emption rights
Article published 13.5.2026 – Venture Capital & Minority Investments
Newly launched Series Seed 4.0 is a comprehensive standard seed financing documentation for the Finnish market
Article published 8.5.2026 – Environment, Energy & Green Transition
Reform of Finland’s land use legislation – key takeaways for project developers
Article published 28.4.2026 – Private M&A
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Jessica Salmia & Elina Marttala
Jarno Tanhuanpää, Tuomas Honkinen & Jussi Mäkikangas
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Latest references
Delta Capacity – Acquisition of BESS Project
We acted as Finnish legal advisor to Delta Capacity in connection with its acquisition of the ready-to-build Karppio battery energy storage system (BESS) project from Helios Nordic Energy. The acquisition was made and the project will be implemented together with Strioga Family Foundation. The Karppio BESS project is located in Teuva, Finland, and has a capacity of 125 MW / 300 MWh. Delta Capacity will lead the remaining development of the project through to commissioning, planned for 2027, and will serve as long-term asset manager. Delta Capacity is a Swiss-based developer of utility scale battery storage systems. The acquisition adds to Delta Capacity’s growing Nordic portfolio.
Case published 20.7.2026
Swedbank – Refinancing of Trophi’s Finnish retail real estate portfolio
We advised Swedbank AB (publ) on the refinancing of a large Finnish retail real estate portfolio owned by Trophi’s Finnish subsidiaries. Trophi is the leading Nordic real estate company focusing on grocery anchored retail properties, with 278 properties across Sweden and Finland. Finland is a market that continues to develop and is also strategically important for Trophi, accounting for approximately 30% of Trophi’s letting and property value.
Case published 17.7.2026
HANZA – Acquisition of Fortaco Finland’s heavy mechanics and assembly business
We are acting as Finnish legal advisor to HANZA in connection with its acquisition of Fortaco Finland’s heavy mechanics and assembly business. The transaction is structured as a combined asset and share acquisition and includes Fortaco Finland’s heavy mechanics and assembly operations in Finland, as well as shares in two Estonian and two Polish subsidiaries. The transaction is expected to close during the fourth quarter of 2026, subject to customary closing conditions, including regulatory approvals. Founded in 2008, HANZA is a Swedish mechanical engineering and electronics contract manufacturing company listed on the Nasdaq Stockholm main list. HANZA has approximately 5,000 employees and annual sales of SEK 10 billion. We advise HANZA on this transaction in collaboration with the Swedish law firm Lindahl.
Case published 15.7.2026
RevolutionRace – Acquisition of ICANIWILL
We acted as Finnish counsel to RVRC Holding AB (RevolutionRace) in its acquisition of 90.1% of the shares in ICANIWILL AB (ICIW). Mannheimer Swartling (Sweden) acted as lead counsel for RevolutionRace. ICIW, founded in Sweden in 2012, is a Swedish training apparel brand. RevolutionRace is a fast-growing Swedish outdoor brand offering multifunctional products to people with an active lifestyle. The company operates with a digital D2C business model reaching customers in approximately 40 countries. The company is listed on Nasdaq Stockholm since 2021.
Case published 14.7.2026