Private Equity(en) Archives - Page 2 of 22 - Castrén & Snellman

General Catalyst – ICEYE’s USD 150 Million Series E Funding Round

We will provide you with well-considered and practical solutions for every phase of your investment.

Our Private Equity service is one of the cornerstones of our firm, offering unparalleled expertise and comprehensive legal services to clients across the investment spectrum.

With our robust team of seasoned legal professionals, we deliver strategic and innovative legal solutions tailored to the needs of private equity sponsors, venture capital investors, asset managers, and institutional investors.

Comprehensive expertise

We advise leading international and Nordic private equity sponsors on their transactions in the Finnish market. Our expertise covers the full range of M&A transactions for private equity firms and their portfolio companies across various industries and sectors. We regularly advise on:

leveraged buyouts and consortium deals
investments and divestitures
take-private transactions
add-on acquisitions
joint ventures
recapitalisations and restructurings.

We also have vast experience in tax structuring, debt financing, management incentivisation programmes, and ESG reviews associated with private equity transactions.

Our team has market-leading expertise in minority investments and fund formation. Each project is supported by experts who bring a wealth of knowledge and experience to the table, ensuring that we provide holistic support at every stage of the investment lifecycle.

Chambers Europe, Chambers Global, The Legal 500 and Best Lawyers International consistently rank our services and our lawyers among Finland’s best.

Client-centric approach

We pride ourselves on our client-centric approach, emphasising agility, responsiveness, and proactive engagement. Our processes are optimised through the use of AI and advanced legal technologies to enhance efficiency and precision. As active members of industry associations such as the Finnish Venture Capital Association and Invest Europe, we stay at the forefront of industry trends, providing our clients with strategic counsel and forward-thinking solutions.

Global reach, local expertise

Operating at the intersection of local market knowledge and international best practices, we are uniquely positioned to assist clients with cross-border transactions. Our extensive network and deep understanding of regulatory landscapes and market practices ensure that our clients navigate the complexities of investments – whether international or domestic – with confidence and success.

Latest references

General Catalyst – ICEYE’s USD 150 Million Series E Funding Round

We advised General Catalyst as lead investor on ICEYE’s EUR 150 million series E funding round, valuing the company at EUR 2.4 billion. ICEYE is the world leader in synthetic aperture radar (SAR) satellite systems and operates the largest SAR constellation globally. Its technology delivers objective, near real-time Earth observation in any weather or light conditions, enabling governments and institutions to manage risks and respond faster. General Catalyst is a global investment and transformation company, partnering with leading entrepreneurs to build toward global resiliency and applied AI. Its portfolio includes companies such as Airbnb, Snap, Stripe, Mistral AI, Hubspot, Anduril, Helsing and Legora. We advised General Catalyst on this transaction in collaboration with the US law firm Goodwin.

Springvest – ReOrbit’s EUR 45 million Series A funding round

We advised Springvest Oyj in organising a EUR 45 million Series A funding round for ReOrbit, a space technology company and a leading provider of software-first satellites. It’s the largest all-equity Series A round in Finland and one of the most significant deals overall in the European space and defence sector. The purpose of the funding round is to support ReOrbit’s growth. The round consisted of a private placement reserved for professional and institutional investors, which included, e.g. Icebreaker.vc, Expansion VC, 10xFounders, Inventure VC, Varma Mutual Pension Insurance Company, and Elo Mutual Pension Insurance Company, and an EUR 8 million public share offering, which was oversubscribed within 4.5 hours. Springvest is a Finland-based investment firm that connects unlisted growth companies with investors. ReOrbit builds sovereign satellites and connected systems for national security.

Ten Eleven Ventures & Tesi – EUR 275 million Series B financing round of IQM Quantum Computers

Castrén & Snellman advised the lead investors Ten Eleven Ventures and Tesi in the EUR 275 million Series B financing round of IQM Quantum Computers, the global leader in building quantum computers. The round is largest Series B round ever in Finland and the second largest in the Nordics. In addition to the lead investors represented by C&S, the round was participated by several new and existing investors, including pension funds Elo Mutual Pension Insurance and Varma Mutual Pension Insurance, strategic investors Companies of Schwarz Group and Winbond Electronics Corporation, and sovereign wealth funds EIC and Bayern Kapital. Ten Eleven Ventures is the original cybersecurity-focused, global, and stage-agnostic investment firm. The firm identifies, invests in, and helps grow top cybersecurity companies addressing critical digital security needs, leveraging its team, network, and experience to build successful businesses. Since its founding, Ten Eleven Ventures has raised over USD 1 billion and made over 60 cybersecurity investments across various stages worldwide. Tesi (Suomen Teollisuussijoitus Oy / Finnish Industry Investment Ltd) is a state-owned investment company with an industrial policy mission focused on driving economic growth, renewal, and investments. Tesi invests on market terms both in venture capital and private equity funds, and directly in startups, scale-ups, and large industrial projects. IQM Quantum Computers, founded as a deep tech spin-off from Aalto University in 2019, specialises in developing quantum computers utilizing superconducting circuits. The company designs and produces quantum processors at its facility in Espoo, providing computing solutions and optimizations tailored to both research and industrial applications. In addition to its Finnish operations, IQM has expanded its presence to Germany, France, Italy, Japan, Poland, Spain, Singapore, South Korea, and the United States.

HANZA – Acquisition of Milectria

We acted as Finnish legal advisor to HANZA AB in connection with its acquisition of the contract manufacturing division of Milectria, a group of companies specialising in electrical systems for the defence industry. The transaction comprises 100% of the shares in Milectria Oy (Finland), Milectria OÜ (Estonia), and the real estate company Kiinteistö Oy Kanungin Karhu. The transaction is expected to close in September 2025, subject to customary closing conditions, including regulatory approvals. Founded in 2008, HANZA is a Swedish mechanical engineering and electronics contract manufacturing company listed on the Nasdaq Stockholm main list. The company operating in seven countries currently has annual sales of approximately SEK 6 billion and approximately 3,100 employees. Milectria is a Finnish contract manufacturer of electrical systems for the defence industry.

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