Banking & Finance had an excellent year 2021 and maintained their market leader position both in the real estate market and in development finance. The team also contributed to several green transition projects, in particular wind farm projects.
5.4.2022
C&S Banking & Finance Team Maintains its Strong Market Position
Minna Korhonen, Sakari Lukinmaa & Tero Tuomisto
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Strong Presence in Real Estate Finance And in the Bond Market
The team enhanced their market leading position in the real estate market and in development finance, advising NREP in various development transactions and OP Corporate Bank, Swedbank and Skandinaviska Enskilda Banken in large real estate portfolio financing arrangements.
Banking & Finance held a strong position in the bond market, advising Finnish energy company Neste in its EUR 500 million green bond and Ålandsbanken and Borgo in respect of Finnish law in the issue of a SEK 5.5 billion covered bond.
The team also advised a Nordic financier consortium consisting of Nordea, Aktia, Danske Bank and Swedbank Special in an arrangement in which eQ Community Properties Fund agreed on a MEUR 700 green financing.
Financial Advice to Support Finland’s Biggest Wind Farms
The service supports their clients in reaching the common goal of a more sustainable future. It advised a group formed by Finnish energy company Helen and the Bank of Åland’s Wind Power Fund Non-UCITS as it acquired Kalistanneva wind farm from the French VALOREM group. The team advised the group both in the business transaction and in the negotiation for project funding.
The team also advised OP Corporate Bank, Nordea and SEB as the financiers in an arrangement in which Nordic energy company OX2 signed an agreement with a consortium of Finnish energy companies, Kymppivoima, Oulun Energia and Kuopion Energia, to construct and divest a 455.4 MW wind farm in Lestijärvi, Finland. Upon completion, the wind farm will be the largest in Finland.
Service Highly Regarded by Chambers and IFLR
In international surveys, the team continues its superb track record. The service was ranked in Band 1 in both Chambers Europe and Chambers Global in 2021, with high praise as a ‘Banking & Finance Powerhouse. “Excellent service with excellent results”’. Also the IFLR places the service in Tier 1.
You can read more about the service and their client cases in our website.
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Efima – Sale of AI business
We advised Efima Oyj on the sale of its AI business to Better Care Technologies Oy. The transaction included Efima’s Moiva AI platform developed for the care sector, the related technology and brand, customer contracts, and the experts working in the business. Efima is a Finnish digital company that supports the sustainable growth of large and mid-sized companies by streamlining their business processes and by creating competitive advantage through the innovative use of artificial intelligence and data. The company has nearly 200 experts based in Helsinki and Tampere.
Case published 21.9.2026
Neoen – Sale of data centre
We advised Neoen Renewables Finland Oy, part of the French Neoen Group, in its sale of a data centre project to a consortium consisting of international data centre developers and operators. This marked Neoen’s first data centre development project in Finland. Founded in 2008, Neoen is one of the world’s leading independent renewable energy producers. The company operates in 15 countries. It develops, finances, builds, owns, and operates solar power plants, wind farms, and battery storage systems. Neoen Group is owned by global alternative asset manager Brookfield Corporation.
Case published 17.9.2026
Jolt Capital and Tesi – Investment in VEV
We advised Jolt Capital and Tesi in connection with their investment in VEV, a leading provider of commercial fleet electrification solutions. The investment, led by Jolt Capital with Tesi as co-investor, will support VEV’s next phase of growth and expansion across Europe. As part of the transaction, VEV became an independent company following the acquisition of Vitol’s stake in the business. Founded by Vitol, VEV provides integrated fleet electrification solutions combining fleet strategy, charging infrastructure, energy supply and operational services. Through its VEV IQ platform, the company supports more than 6,000 commercial electric vehicles across Europe and has been deployed across more than 600 sites spanning the transport, logistics and waste sectors. Jolt Capital is a private equity firm focused on growth investments in European deeptech companies. Tesi is a Finnish state-owned investment company that promotes Finnish business and economic growth through investments. We advised Jolt Capital and Tesi on the equity financing and structuring aspects of the transaction. International law firm Goodwin advised the investors on the acquisition of VEV.
Case published 10.9.2026
VR Group – Intellectual property matters
VR-Group Plc is a transport and logistics group owned by the Finnish State, operating passenger and freight rail transport in Finland with activities also in the Swedish market. VR Group provides passenger, logistics and maintenance services with over 160 years’ experience in developing responsible transport of the future. We advise VR Group in intellectual property matters as part of the company’s wider brand protection efforts. Our assignments have included advice on copyright, design rights and trademarks, focusing on the protection of the company’s visual identity – including its distinctive green colour – in connection with transport services as part of a comprehensive IP protection strategy. VR Group’s consistent brand building has also received recognition, including the Finland Chamber of Commerce’s Brand of the Year award in 2026. In the competition, brands were viewed comprehensively from various perspectives, including their story, strategic role, brand renewal ability and intellectual property protection. The jury found that VR had understood the importance of the protection of its brand as part of a comprehensive business strategy.
Case published 9.9.2026