5.5.2022

Carola Lindholm Elected as Chair of the Board of Directors of Castrén & Snellman

Partner Carola Lindholm, co-head of our Mergers & Acquisitions service, has been elected as the new Chair of Castrén & Snellman’s Board of Directors. Carola succeeds Pauliina Tenhunen, who leaves the position on her own initiative and will focus her attention on heading the Corporate Governance and Restructuring & Insolvency services. Pauliina has held a leadership position in our firm for over ten years, first for six years as Managing Partner and another five years as Chair of the Board.

Carola Lindholm has been a member of the Board since 2017. She will be Castrén & Snellman’s third con-secutive female Chair of the Board—before Pauliina Tenhunen, the Board was helmed by Merja Kivelä.

‘My warmest congratulations to Carola on her new position. Our company has grown by well over a third over the last two years, and we have taken over the leading position of a new era in the market. Under the leadership of Carola and her colleagues, we have become our clients’ strategic adviser in some of Finland’s most significant transactions. Our Board will gain an energetic and inspiring leader in Carola, and she will guide our firm to be in a position to help our clients face the challenges the future brings’, says Pauliina Tenhunen.

‘I accept the position as Chair of the Board of Directors with excitement, and I am honoured to succeed Pauliina’, says Carola Lindholm. ‘The operating environment of companies is seeing major changes, and our clients are faced with increasingly high demands. There has never been more demand for the services our firm provides, and we will do everything in our power to offer to our clients the best support in the market. My important task is to amplify our firm’s unique culture of working together and caring as well as the cooperation with our clients.’

In Castrén & Snellman’s annual general meeting, Jarno Tanhuanpää was elected as a new member of the Board of Directors. Anders Forss, Sakari Salonen, Tero Tuomisto and Outi Tähtinen continue as members of the Board. Anders Forss, Sakari Salonen and Jarno Tanhuanpää are also members of the firm’s Management Group. Sakari Lukinmaa continues as the Managing Partner of Castrén & Snellman.

According to the financial statements adopted by the annual general meeting of 20 April 2022, the firm’s turnover for the 1 February 2021–31 January 2022 financial period was EUR 66.2 million. Compared to the previous financial period, the turnover grew by 27%. In 2021, Castrén & Snellman became the largest law firm in Finland in terms of lawyers based in the country.

Latest references

We advised an international bank syndicate in a EUR 300 million revolving credit facility (RCF) for ICEYE, the world leader in sovereign intelligence from space. The bank-syndicate comprised Nordic and global banks, with Citi and Danske Bank acting as Joint Global Coordinators and Mandated Lead Arrangers. The RCF will support the issuance of guarantees for customer contracts, enable continued business growth, and serve as a liquidity backstop. 
Case published 21.5.2026
We are advising Terrieri Kiinteistöt Ky and A. Ahlström Kiinteistöt Oy in the sale of a modern production and logistics building complex to Swedish property investment company Catena AB. We are also assisting S-Bank Building Plot non-UCITS Fund which in connection with the transaction, has agreed to sell the land area where the building complex is located to Catena AB. The building complex located in the immediate vicinity of Helsinki-Vantaa Airport was completed in 2021 and comprises approximately 23,260 square metres of leasable area, fully leased to Cramo Finland Oy. The approximately 140,000-square-metre plot offers additional long-term development potential in the form of approximately 45,000 square metres of additional building rights.
Case published 21.5.2026
We advised Huhtamäki Oyj on its issuance of a EUR 300 million 6-year senior unsecured bond under the EMTN programme and on the tender offer of its EUR 500 million senior unsecured bond maturing in 2027. The new bond bears interest at a fixed rate of 3.875 per cent per annum. Huhtamäki used the net proceeds from the issuance of the new bond for the partial repurchase of its bond maturing in 2027 and for general corporate purposes.
Case published 21.5.2026
We advised G&W Electric with its acquisition of Safegrid Oy, a leading provider of intelligent grid monitoring solutions based in Finland. The acquisition accelerates G&W Electric’s long-term strategy to integrate intelligent monitoring and predictive analytics into its power distribution portfolio, strengthening its offering to utility customers worldwide. Founded in 1905 and headquartered in Bolingbrook, Illinois, G&W Electric is a global leader in innovative power grid solutions, with a presence in over 100 countries. The company is known for advanced load and fault interrupting switches, reclosers, sensors, system protection equipment, power grid automation, intelligent grid monitoring, and transmission and distribution cable accessories. Safegrid is a Finnish technology company headquartered in Espoo, Finland. The company develops the Intelligent Grid System®, a grid monitoring solution that combines instant-on wireless sensors with advanced analytics to deliver real-time insight into grid conditions, enabling utilities to identify emerging issues, anticipate failures, and reduce outage duration across medium and high voltage distribution and transmission networks.
Case published 8.5.2026