17.1.2019

Mergermarket: Castrén & Snellman Number One in 2018 League Tables Based on Deal Volume

Related services

Mergermarket ranked Castrén & Snellman first in terms of deal count among Finnish law firms in 2018. We advised clients in 27 completed arrangements with a value exceeding USD 5 million. In terms of deal count in Finland, 2018 was the busiest in Mergermarket’s history.

The highlights of 2018 included, for example, the merger of Vapo’s Grow&Care Division and Dutch BVB Substrates, the combination of AVARN Security and Prevent 360 and the acquisition of Royal Ravintolat by NoHo Partners (formerly Restamax).

‘The majority of our deals in 2018 were cross-border transactions involving multiple jurisdictions, such as the sale of Fluido to global technology giant Infosys. Our team has an outstanding track record of successfully handling lead mandates in complex cross-border transactions. We have a wide network of global partners, which means that we can offer our clients a one-stop-shop service in their most demanding international transactions’, said partner-elect Benjamin Bade

‘There was a relatively large number of sales processes in 2018 due to companies’ financing needs and changing strategies. We believe that this trend will continue this year. Arrangements in which new businesses are combined are also clearly on the rise. We expect such vertical integrations to continue, for example, in the life science, health, technology and finance sectors’, said Partner Carola Lindholm from Castrén & Snellman’s M&A team.

Mergermarket is an independent mergers and acquisitions intelligence and data provider. Mergermarket chose Castrén & Snellman as the M&A Legal Adviser of the Year 2017 in Finland.

Mergermarket Finland 2018

Latest references

We advised Oomi Solar Oy on the sale of a solar power park and battery energy storage project to Tuulipolar Oy. The transaction concerned a 24 MWp solar power plant and a 36 MW / 70 MWh battery energy storage system (BESS) to be constructed in Tornio. Tuulipolar Oy will act as the owner and operator of the plant, while Oomi Solar Oy will be responsible for its design and construction. The project will form the world’s northernmost industrial hybrid power plant, contributing to Finland’s green energy transition by increasing renewable energy production and electricity storage capacity in Northern Finland. The hybrid solution enables optimization of production as well as active participation in electricity markets and reserve services, improving the project’s profitability and supporting the balance of the electricity system year-round. Electricity production from the hybrid plant is expected to begin in 2028. Oomi Solar Oy is a Finnish renewable energy expert with experience from nearly 200 MW of installed solar capacity. The company helps businesses and communities accelerate the green transition by offering comprehensive solutions, including solar power plants, energy storage systems, and related lifecycle services from project development to maintenance. Oomi Solar Oy employs more than 20 energy professionals and delivers solar power projects across Finland. The company’s vision is to be Finland’s most desired partner for solar energy and energy solutions.
Case published 5.6.2026
United Bankers – Sale of three care properties
We advised United Bankers on the sale of three care properties to Kinland AS. The buildings were completed between 2021 and 2022 and meet high technical and environmental standards. All three properties are fully leased. The portfolio has a weighted average unexpired lease term of 13 years.
Case published 1.6.2026
Hiab acquisition financing
We are advising Hiab Corporation in the financing for its USD 1,035 million acquisition of Labrie Environmental Group, a leading North American refuse collection vehicle (“RCV”) manufacturer, from Wynnchurch Capital, L.P. Hiab Corporation (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on-road load handling solutions, with 2025 sales of approximately EUR 1.6 billion and approximately 4,000 employees, operating through a global network spanning over 100 countries. Labrie Group is a leading North American provider of RCVs, employing approximately 1,200 people. 
Case published 1.6.2026
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