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
Related services
Tags
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.
Latest news
Latest references
G&W Electric – Acquisition of Safegrid
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
Kiwa – Acquisition of Sertio
We advised Kiwa in its acquisition of Sertio Oy, a Finnish notified body designated by the authority in accordance with the EU Regulation on in vitro diagnostic medical devices (IVDR). Sertio provides conformity assessment services in accordance with IVDR. Kiwa is one of the world’s leading testing, inspection, and certification companies, operating in over 35 countries.
Case published 7.5.2026
Metsäkonepalvelu – Acquisition of Junnonen Forest and the business operations of Lamerit
We advised Metsäkonepalvelu Oy in its acquisition of the entire share capital of Junnonen Forest Oy, a Finnish timber harvesting services company, and the timber harvesting services business of Lamerit Oy. The acquisition supports Metsäkonepalvelu’s growth strategy and strengthens the company’s position, particularly in southeastern Finland. Metsäkonepalvelu is a portfolio company of A. Ahlström Oy, a Finnish family-owned industrial owner. The company provides mechanical timber harvesting services to forest companies, large private forest owners, and the public sector in Finland and Sweden. Metsäkonepalvelu Group employs nearly two hundred forestry professionals.
Case published 6.5.2026
Scanreco – Acquisition of CrossControl
We acted as Finnish counsel to Scanreco in its acquisition of CrossControl. Mannheimer Swartling (Sweden) acted as lead counsel for Scanreco. CrossControl, founded in Sweden, is a high-tech supplier of advanced display computers and central vehicle computing solutions for industrial vehicles and machines. Scanreco is a world leading supplier of professional radio remote control systems to international machinery, heavy equipment, and crane manufacturers. The combined group comprises approximately 600 employees and generates annual revenue of around SEK 1.4 billion.
Case published 5.5.2026