Mikko Alakare

Partner, Member of the Finnish Bar

My passion for taxation rose during my student years when I led the board of directors of an international group of companies owned by a non-profit student organisation. During that time, I realised that decisions regarding taxation had a direct impact on the amount of funds that could be used for charitable purposes.

I have spent the fifteen years following my studies working as a tax specialist for leading Finnish law firms. Those years have proved to me that taxation is an essential part of all business activity. Keeping track of constantly changing tax regulations and facing the fierce tax competition between different jurisdictions place heavy demands on the knowledge of the taxpayers.

During my years in the legal business, I have gained an exceptionally wide perspective of tax matters, including direct and indirect taxation. I enjoy finding and creating feasible solutions for the clients when structuring complex transactions, but I do not overlook tasks that require explaining the very basics of Finnish taxation to clients who are dealing with these challenges for the first time.

I continuously advise clients on various kinds of M&A, real estate and financing transactions. Tax issues related to venture capital and private equity have also been an integral part of my daily work in addition to handling demanding tax disputes. My background has also led me to assist several non-profit organisations in the tax challenges they are facing.

I have learnt that the opinion of the tax authorities is not always the correct one. The fundamental right of the taxpayer is to be able to present its view on the subject matter before the final decision on a tax matter is made. Finding a fair outcome in a tax dispute requires that the taxpayer also has its say with the assistance of the right professional attorney. I can bring added value to the client especially when their view needs to be defended in administrative proceedings.

Publications such as International Tax Review have ranked me among the leading tax professionals in Finland for several consecutive years.

My personality and certain skills such as man management, ability to work under extreme pressure and to make independent decisions have also developed as top-class international referee in football and floorball.

Latest references

We are acting as the joint legal advisor to Oomi Oy and Lumme Energia Oy in a transaction whereby Lumme Energia will merge with Oomi. As from the completion of the merger, the combined entity will be the largest electricity retail and service company in the Finnish market. In 2024, Oomi reported a turnover of EUR 373.9 million and had approximately 110 employees. Lumme Energia’s turnover for the same year was approximately EUR 314.6 million and it had approximately 50 employees. The transaction is primarily driven by the recent developments in the electricity market and the strategic goal to develop competitive products and services. Another key objective is to further enhance the customer experience, which is a shared value between the two companies. As a result of the merger, Lumme Energia’s customers will transfer to Oomi, and Lumme Energia will become one of Oomi’s shareholders. The completion of the transaction is subject to an approval by the Finnish Competition and Consumer Authority.
Case published 29.8.2025
We acted as the Finnish legal counsel for the funders to Nevel Oy in a EUR 665 million refinancing arrangement through a mix of multicurrency bank loans and private placement notes. Nevel is a utility infrastructure company offering advanced industrial and real estate infrastructure solutions that are fit-for-purpose and future-proof. The transaction supports Nevel’s growth strategy and its goal to help customers to achieve climate goals.
Case published 20.8.2025
We advised Aker Arctic Technology Inc, a company specialised in icebreaker design, in its acquisition of Bluetech Finland Ltd. Under the signed agreement, Aker Arctic and Bluetech transferred to the ownership of Arctic Marine Technology Group Oy, an entity established for the purpose of owning the companies. Arctic Marine Technology Group is owned by Finnish Industry Investment (Tesi) and ABB, the current shareholders of Aker Arctic. The completion of the transaction required the approval of the Finnish Ministry of Economic Affairs and Employment and the fulfilment of other customary closing conditions. Aker Arctic Technology Inc is a private company specialising in the technology development, design, engineering, special products, consulting and testing services for ice-going vessels and icebreakers. Bluetech Finland Ltd specialises in cruise, ro-pax and cargo ship design, offering engineering services for ship owners, shipyards and marine suppliers.
Case published 26.6.2025
We advised Nokian Brewery Plc in its listing on Nasdaq First North Growth Market Finland. Investor demand in the IPO, which consisted of a public and institutional offering, was very strong and the IPO was oversubscribed. Nokian Brewery raised gross proceeds of approximately EUR 10 million from the IPO. In the IPO subscriptions were received from more than 2,900 investors and as a result of IPO the number of shareholders in the company increased to more than 4,700 shareholders. The IPO gives us a strong platform for the next years of growth. We are grateful to investors for their confidence and excited about what we can achieve together. This is the beginning of a new chapter in the Nokian Brewery story.  – Janne Paavola, CEO Trading in Nokian Brewery’s shares began on First North on 3 April 2025 with trading symbol BEER. Nokian Brewery is Finland’s second largest microbrewery and fifth largest brewery in terms of turnover in 2023. Nokian Brewery is particularly known for its Keisari beers. Nokian Panimo manufactures all its products at its production facility in Nokia, and in 2024 its sales volume totalled more than 8.3 million litres and turnover was EUR 11.9 million. Domesticity, responsibility and sustainable practices are at the heart of Nokian Brewery.
Case published 3.4.2025
We advised KoBold Metals on the Finnish legal and tax aspects related to its earn-in agreement with Aurion Resources. Under the agreement, KoBold (through its wholly owned subsidiary KoBold Exploration Finland Oy) can earn an undivided 75% interest in commodities discovered (other than any discoveries that are predominantly gold or silver), by incurring USD 12 million in exploration expenditures on or before the fifth anniversary of the date of signing the agreement. The exploration area covers approximately 35 km2 in Aurion’s 100% owned 160 km2 Risti Property in Sodankylä, Finland Following satisfaction by KoBold of the earn-in requirements, a joint venture will be established with KoBold owning 75% and Aurion 25%. KoBold Metals Company is a US-based exploration and mining company, supported by high profile investors such as Breakthrough Energy Ventures, Andreessen Horowitz, and Equinor. It combines expertise in geosciences with artificial intelligence, machine learning, and data science to improve and accelerate the exploration process in search of the critical minerals necessary for the global energy transition.
Case published 26.3.2025
We advised a fund managed by Swiss Life Asset Managers Nordic in its acquisition of a logistics property in Hyvinkää from a fund managed by Savills Investment Management. In addition to advising on the transactional aspects, we also advised on the financing of the acquisition as well as in designing an appropriate international acquisition structure and addressing relevant tax implications. The property serves as the central warehouse in Finland for Ahlsell, a leading Nordic technical wholesaler, which has been leasing the property since its construction. The state-of-the-art logistics centre was originally built in 2002 and has undergone several improvement projects over the years. The latest extension, completed in 2024, added around 11,000 square meters of new storage area to the property, bringing the total lettable area to 47,000 square meters. The property has been developed with a strong emphasis on energy efficiency with on-site solar power and renewable district heating. The sustainability features of the property were also further optimised and the asset just received BREEAM Excellent certifications in both BREEAM New Construction and BREEAM In-Use.
Case published 20.1.2025
We advised Tesi (Finnish Industry Investment Ltd) in its investment in the heavy duty vehicles company Oy Sisu Auto Ab. With this investment, Tesi became an owner in the company with a share of 24.4 per cent. Sisu Auto is a pioneer in the Nordic market in the development of heavy duty vehicles. Sisu’s core competences are in the product development and production of trucks and military vehicles. Tesi is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. The investments managed by Tesi total 2.1 billion euros.
Case published 19.8.2024
We advised Andritz Oy, a part of ANDRITZ group, with their acquisition of all the shares in Procemex Oy. The acquisition further strengthens ANDRITZ’s automation and digitalisation portfolio. Procemex is a global leader in integrated web monitoring and web inspection solutions for the pulp and paper industry. It has a team of more than 100 vision systems experts and has subsidiaries in Germany, Japan and the US. ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. ANDRITZ is a global market leader in all four of its business areas – Pulp & Paper, Metals, Hydropower and Environment & Energy. The publicly listed group has around 30,000 employees and over 280 locations in more than 80 countries.
Case published 18.7.2024