8.2.2024

Mats Forsius, expert in labour market and change situations, joins Castrén & Snellman as counsel

Mats Forsius joined our Employment service in the beginning of February, strengthening our firm’s position as Finland’s leading expert in employment law. Mats returned to Castrén & Snellman from VR Group, where he had worked as the Head of Employee Relations and HR Legal for the past few years.

‘I feel like I’m coming home – I am very excited to be back in C&S’s employment law team! Four years as an in-house lawyer in a large company provided me with new expertise in employment matters and fresh insights on the modern working life. I’m sure it will be an asset in client work as well as in developing our services,’ Mats says.

Outi Tähtinen and Tomi Kemppainen, co-heads of our Employment service, are happy to see Mats back at Castrén & Snellman. 

‘Mats brings with him solid expertise in employment law and the labour market system as well as a deep knowledge of the logistics industry. He has versatile experience in mergers and acquisitions and other change situations, among other things. He also has strong international networks, particularly in the Nordic countries. This makes him an excellent advisor for our clients as working life is changing,’ Outi and Tomi summarise.

Upheavals in the labour market system

The geopolitical situation, inflation and higher interest rates have put companies to the test in recent years. Although it seems that interest rates are stabilising, many companies do not have a clear long-term view of the future. At the same time, the Finnish labour market is undergoing significant changes: artificial intelligence is transforming the way we work, the number of working-age people is decreasing and the shortage of skilled employees is hindering growth in many fields.

‘Societal changes are inevitably reflected in the labour market system, which should support the growth and internationalisation of companies. How will we succeed in international competition? How can we retain sufficient expertise and labour force in the future?’ Mats ponders.

The Government is also planning changes to the labour market system during its term in office: among other things, it intends to expand local bargaining of employment conditions and amend the Act on Co-operation within Undertakings.

‘Major systemic changes always impact the operations of companies as old practices give way to new ones. It is advisable to familiarise yourself with the coming changes and prepare for them in advance, and also analyse what the changes mean for your organisation. If necessary, find a partner that knows the labour market system to support you during the change,’ Mats says.

Communication is key when a company undergoes changes

While change situations in companies can be challenging, they offer an opportunity to view the business operations and the company’s future as a whole. During his career, Mats had been involved in many change situations – both in mergers and acquisitions and in internal change processes.

‘Successful change requires good planning, transparent communication and consistency. It is important to include the personnel in the change process as soon as possible. The schedule should be planned in a way that leaves sufficient time for engaging the personnel,’ Mats advises.

According to Mats, having a transparent dialogue in the work community supports the change, whether it concerns rearranging the organisation or a corporate transaction. ‘It always takes time to adjust to change. It should be kept in mind that although the company’s management knows the background and objectives of the change, the personnel might be hearing about it for the first time. Having candid conversations can lead to a shared view on the positive aspects of the change. It’s worth using those extra coffee breaks to talk with the personnel.’ 

Mats Forsius graduated as Master of Laws from the University of Helsinki in 2013 and has a LL.M. Degree from the University of Wisconsin. Before joining Castrén & Snellman as counsel, Mats worked at VR Group and other Finnish law firms.

Welcome back to Castrén & Snellman, Mats!

Latest references

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 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
We advised NoHo Partners Plc on the issuance of EUR 50 million senior secured floating rate notes. The notes have a tenor of four years and mature on 10 September 2030. The notes bear interest at a rate of three-month EURIBOR plus a margin of 4.375 per cent. per annum. The notes were allocated to a mix of domestic and international investors. We also advised NoHo Partners on the negotiation of its new senior facilities agreement. The facilities agreement comprises a EUR 60,000,000 term loan facility, a EUR 10,000,000 capex facility and a EUR 27,000,000 revolving credit facility. “We are delighted by the interest investors have shown in the company’s Notes, which reflects confidence in our strategy. The successful issuance of the Notes, together with the new loan agreement, extends the maturity profile of our financing and enables the company to continue executing its growth strategy going forward. I would like to thank all investors for their participation, as well as our partner bank for the excellent execution of the Notes issuance”, says Jarno Suominen, CEO of NoHo Partners. OP Corporate Bank plc acted as the sole lead manager and bookrunner for the issue of the notes. NoHo Partners Plc is a Finnish group established in 1996, and it specialises in restaurant services being the creative innovator of the Northern European restaurant market. The company was listed in Nasdaq Helsinki in 2013 becoming the first Finnish listed restaurant company, and it has continued to grow strongly throughout its history. NoHo Partners’ vision is to be the leading restaurant operator in Northern Europe.
Case published 4.9.2026
We advised Topfoods Oy, a Triton-backed Geia Group company, on its acquisition of Oy Delice Plus Ab, a Finnish supplier of cakes and pastries. Through the acquisition, Topfoods strengthens its retail business and further reinforces its position in the cakes and pastries segment. Founded in 2008, Topfoods supplies selected food products to professional kitchens, the retail sector, and the food industry. 
Case published 4.9.2026