Heidi Pirhonen

Team Manager, Assistant Services

Services

Restructuring & Insolvency

Contact details

I work at Castrén & Snellman as a supervising assistant and as an assistant in our Insolvency service. I find working as a team supervisor very rewarding, and it is great to support and work as part of a highly skilled team of assistants. My dual role offers me a wide range of tasks and the opportunity of participate in many different kinds of projects.

I have years of experience as an assistant in law firms, and have worked as a team supervisor and assistant at C&S since 2013. I have worked in law firms since 2007, so you could say I am smitten with the field. I have a BBA with a specialisation in legal expertise.

I am a positive, helpful, empathetic and friendly person. I am quick to take action and am good at keeping a handle on things even when work gets hectic.

Language+

Latest references

eQ Community Properties Fund – Acquisition of a property portfolio

We advised eQ Community Properties Fund in its acquisition of a property portfolio comprising a health centre in Espoo, a daycare property in Vantaa, an elementary school in Helsinki, and a parking facility property in Helsinki from Ilmarinen Mutual Pension Insurance Company. The lettable area of the first three properties is approximately 13,900 sq.m., while the parking facility offers 120 parking spaces. The portfolio’s tenants include the City of Helsinki, the City of Vantaa, the Western Uusimaa Wellbeing Services County, and Aimo Park Oy. In connection with the transaction, Ilmarinen invested in eQ Community Properties fund as per 31 December 2024.

Finnish manufacturing company – Arbitration proceedings under the SCC rules

We successfully represented a Finnish manufacturing company in arbitration proceedings under the SCC rules against a global construction company. The dispute was governed by Finnish law and the seat of arbitration was Stockholm, Sweden. The dispute mainly concerned the termination of an erection contract and the right to compensation for delays of the project and for cost increases due to Russia’s invasion of Ukraine. The main questions in dispute were the lawfulness of the termination of the erection contract as well as the consequences of the termination such as the right to costs to complete the project after termination, the right to liquidated damages for delay of the project and adjustment of contract price due to cost increases. The total value of the dispute exceeded EUR 15 million.

Korkia Oy – Renewable energy loan agreement

We advised Korkia Oy in its loan agreement with Nordic Environment Finance Corporation. The financing will support the development and international scale-up of Korkia’s pipeline of solar energy, battery energy storage system (BESS) and onshore wind projects. Korkia is a dedicated investor in renewable energy operating in nine countries. It has a robust development pipeline of over 20 GW in renewable energy and energy storage projects.

Commerzbank – Vessel construction financing for Meyer Turku

We acted as the Finnish law legal advisor to Commerzbank AG, which served as the coordinator, bookrunner, documentation agent, facility agent and security agent of an international banking syndicate. This syndicate provided an ECA-covered construction financing facility of more than EUR 1 billion for the Finnish shipyard company Meyer Turku Oy. The loan facility will be used on the construction of one new passenger cruise ship. The newbuilding is the third of the ICON class. According to Meyer Turku Oy the ICON-class ships are the world’s most advanced and the most environmentally friendly cruise ships of their owner, Royal Caribbean Cruise Lines.

Oomi – Transfer of KSS Energia’s electricity sales contracts for consumer and business customers to Oomi

We are advising Oomi Oy in a business transaction whereby KSS Energia Oy’s consumer and business customers in the retail sale of electricity will be transferred to Oomi. The transfer is scheduled to take place in March 2025. The arrangement requires approval from the Finnish Competition and Consumer Authority. Oomi Oy is one of the largest energy service companies and electricity sellers in Finland. The arrangement is a result of the recent development of the electricity market and Oomi’s strategy, which aims to offer customers a seamless and improved digital customer experience.

24 Pesula – Investment transaction

We advised 24 Pesula group in a transaction where Juuri Partners made an investment in Finland’s largest self-service laundry chain, 24 Pesula. Juuri Partners’ investment supports 24 Pesula’s strategy of strengthening its domestic market leadership, developing digital services, and expanding internationally. 24 Pesula, founded in 1999, has established a strong market position in the self-service laundry market with over 50 locations in Finland. The company has its own production facilities in Nokia, Finland. In the UK, 24 Pesula currently operates in four locations, and the company plans to expand into other international markets in the coming years. Juuri Partners is a Finnish private equity company, which invests in Finnish growth focused SMEs and offers financing to established and profitable SMEs in Finland.

Fortum – Acquisition of a project development portfolio for renewable power from Enersense

We are acting as a counsel to Fortum in a transaction in which Fortum is strengthening its renewable power project pipeline through the acquisition of a project development portfolio from Enersense. The debt-and-cash free purchase price is approximately EUR 9 million, with the potential for project-specific earn-outs subject to projects successfully reaching a final investment decision in the future. The transaction is subject to customary closing conditions and is expected to be completed during the first quarter of 2025. Fortum is a leading Nordic energy company with the purpose to power a world where people, businesses and nature thrive together. Fortum’s core operations comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. The company is listed on Nasdaq Helsinki. One of Fortum’s strategic targets is to develop at least 800 MW of ready-to-build onshore wind and solar projects by the end of 2026.

Voima Ventures – Investment in Aisti Corporation

We represented Voima Ventures in the Series A funding round of Aisti Corporation. Aisti’s EUR 29 million funding round will support the construction of its first commercial factory in Kitee, Finland, enabling the company to scale production. Other investors include Maki.vc and Valve Ventures Consortium among others. Voima Ventures is a venture capital fund investing in top scientific deep tech ventures in the Nordics and Baltics. Aisti Corporation is an acoustic tiles manufacturer with sustainability and functionality at heart. Aisti’s acoustic tiles are made from highly renewable wood fibres. With the factory in Kitee, the company plans to achieve a production capacity of 2.5 million square meters annually.

Get to know our other experts in the field

Pauliina Tenhunen

Restructuring & Insolvency

+358 40 046 8114 pauliina.tenhunen@castren.fi

Restructuring & Insolvency

+358 40 717 4294 elina.pesonen@castren.fi

Christer Svartström

Restructuring & Insolvency

+358 40 511 3303 christer.svartstrom@castren.fi

Senior Associate

Restructuring & Insolvency

+358 44 528 0695 sara.laitinen@castren.fi

Mikaela Rintakoski

Restructuring & Insolvency

+358 50 347 7782 mikaela.rintakoski@castren.fi

Restructuring & Insolvency

+358 45 782 04259 ella.talso@castren.fi

Search from the site.