5.7.2023

Mergermarket: Castrén & Snellman tops the 2023 league table with 20 M&A deals

Castrén & Snellman was first in the number of deals among Finnish law firms based on Mergermarket’s league tables for H1 2023. Our M&A team was involved in 20 published transactions during the first half of 2023.

The highlights of 2023 so far include Triton’s platform investment and formation of Habeo Group through the acquisition and financing of eight Finnish companies. We have also advised several clients in cross-border transactions, such as the US-based technology company Impinj, Inc. (NASDAQ: PI) in its acquisition of Voyantic Oy as well as Uponor Infra Oy in the sale of its district energy business to ISOPLUS.

‘We are very optimistic that the Finnish M&A market is picking up and that the autumn will be even more active. Our team has extensive experience from working with various types of cross-border matters. Planning and carrying out complex transactions for our international and domestic clients, often with a challenging schedule, is what we do best,’ says partner Benjamin Bade.

Mergermarket is an independent mergers and acquisitions intelligence and data provider.

Latest references

We advised DNB Bank ASA in its agreement with Fennia Mutual Insurance Company on the development and lease of the premises at Fabianinkatu 8, Helsinki. With the lease agreement, DNB Bank ASA will focus all its Finnish operations at the Fabian 8 office. The other tenants at the renewed premises will be DNB Carnegie Investment Bank AB’s Finnish operations and DNB Auto Finance Oy. In connection with the long-term lease agreement, the parties also agreed on a major renovation project to completely refurbish the premises. The object of lease will be completed in the second half of 2027.
Case published 10.10.2025
We advised Yellow Film Studios, the largest independent film and television production company in the Nordics, in its strategic merger with Danish film industry sales and financing studio REinvent Studios. Together they form Reinvent Yellow, a unified hub for television and film production, sales, financing and innovation, combining over three decades of production experience and a vast catalogue of titles.
Case published 8.10.2025
We successfully represented a panel of reinsurance companies in an international ad hoc arbitration. The dispute arose out of a reinsurance treaty under the terms of which the reinsurers had reinsured a portfolio of risks underwritten by the cedent. The parties disagreed as to whether the reinsurance provided coverage for a certain loss that had occurred because of the market turmoil caused by the Covid-19 pandemic. The case involved highly complex legal and contractual questions requiring special expertise on reinsurance law and practice. The arbitral tribunal rejected the counterparty’s claims for reinsurance compensation against our clients in full. The amount in dispute was approximately EUR 34 million.
Case published 16.9.2025
We supported byFounders.vc as the Finnish counsel in their investment in DataCrunch Oy in a USD 64 million Series A funding round. DataCrunch provides scalable AI compute solutions from energy-efficient data centers in Iceland and Finland. byFounders.vc is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries.
Case published 11.9.2025