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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Banyan Software – Acquisition of Carus Ferry
We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.
Case published 20.10.2026
Move Energy – Combination of 3North Partners and Steady Energy and related private placement and IPO
We advised Move Energy as an investor in connection with the combination of 3North Partners Plc and Steady Energy Oy and the related private placement and initial public offering of the combined company on Nasdaq First North Growth Market Finland. In connection with the transaction, 3North Partners received approximately EUR 69.8 million in investor commitments from a group of institutional and other investors, including Move Energy, to fund the combined company. Steady Energy is a Finnish nuclear technology company developing a new generation of small modular reactors (SMRs) particularly suited for district heating. Its LDR-50 reactor is designed to provide cities and utilities with a scalable and low-carbon alternative to combustion-based heat production.
Case published 19.10.2026
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