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.
5.7.2023
Mergermarket: Castrén & Snellman tops the 2023 league table with 20 M&A deals
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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.
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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 – Financing for USD 1,035 million acquisition of Labrie Environmental Group
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
Lenders to ICEYE – EUR 300 million revolving credit facility for ICEYE
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
Terrieri Kiinteistöt, A. Ahlström Kiinteistöt and S-Bank Building Plot non-UCITS Fund – Sale of a production and logistics property
We are advising Terrieri Kiinteistöt Ky and A. Ahlström Kiinteistöt Oy in the sale of a modern production and logistics building complex to Swedish property investment company Catena AB. We are also assisting S-Bank Building Plot non-UCITS Fund which in connection with the transaction, has agreed to sell the land area where the building complex is located to Catena AB. The building complex located in the immediate vicinity of Helsinki-Vantaa Airport was completed in 2021 and comprises approximately 23,260 square metres of leasable area, fully leased to Cramo Finland Oy. The approximately 140,000-square-metre plot offers additional long-term development potential in the form of approximately 45,000 square metres of additional building rights.
Case published 21.5.2026