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 advised Aurevia Oy, a portfolio company of French private equity sponsor Mérieux Equity Partners, in a strategic reorganisation that involved splitting Aurevia and its parent companies into two independent groups of companies and reorganisation of its existing debt-financing arrangements. Following the reorganisation, the newly formed Aurevia continues as a leading provider of Contract Research Organization (CRO) and Quality Assurance and Regulatory Affairs (QARA) services, while the newly formed Labquality focuses on delivering External Quality Assessment (EQA) services. Aurevia serves operators in the medical devices, in vitro diagnostics and pharmaceutical sectors. Labquality’s customers include clinical laboratories and social and healthcare organisations. The reorganisation positions Aurevia and Labquality to allocate investments more effectively, accelerate growth within their respective customer segments, and respond to evolving market and client needs. The transaction was implemented through multiple parallel demergers and required comprehensive legal and tax structuring across several jurisdictions. Our team supported Aurevia throughout the planning and implementation phases, covering corporate, tax, employment law, and regulatory matters, as well as the optimisation of each group’s financing structure.
Case published 7.4.2026
We advised UK-based investment company Downing in its acquisition of the entire share capital of Tornionlaakson Voima Oy. Tornionlaakson Voima owns three hydropower plants in the Tengeliönjoki river system – the Portimokoski power plants in Ylitornio, the Jolmankoski power plants in Raanujärvi and the Kaaranneskoski power plants in Sirkkakoski. The power plants produce a total of approx. 45 gigawatt-hours of electricity per year. Tornionlaakson Voima’s daily operations will continue normally, and the transaction will not affect customers. The consummation of the transaction is subject to the approval of the Ministry of Economic Affairs and Employment. Downing has over 35 years’ experience in providing a wide range of investment solutions to the needs of institutional investors, advisers and retail investors. The company manages over £2 billion in assets in both the private and public markets and its current hydro power portfolio includes approx. 50 hydro power plants in the Nordics. 
Case published 27.3.2026
We advised CapMan Infra’s portfolio company Koiviston Auto Group, Finland’s largest bus operator, in a finance arrangement in which it completed an approximately EUR 300 million refinancing. The transaction consists of the refinancing of the Group’s existing senior debt and secures long-term growth financing to support the Group’s continued investments in its rapidly expanding electric bus fleet. The financing package has been provided by a group of lenders consisting of Nord/LB, ABN AMRO, Edmond de Rothschild, LBP AM and Siemens. The transaction strengthens Koiviston Auto’s funding base and provides significant flexibility to execute the company’s growth strategy focused on sustainable public transportation. CapMan Nordic Infrastructure I acquired Koiviston Auto in December 2021 to support its expansion and operational development. The Group now serves communities nationwide and is at the forefront of the transition to zero-emission public transport in Finland. It operates approximately 300 electric buses, with more than 50 additional electric buses expected to be deployed into traffic during 2026, further accelerating the electrification of its fleet. “The successful completion of this refinancing marks an important milestone for Koiviston Auto Group,” says Henrik Mikkola, CEO of Koiviston Auto Group. “The strong support from a diversified group of high-quality lenders underlines the robustness of our business and our long-term strategy. This financing allows us to continue investing in electric mobility and to provide reliable, sustainable and high-quality public transport services across Finland.” “Koiviston Auto Group plays a key role in the green transition of public transportation in Finland,” comments Ville Poukka, Managing Partner at CapMan Infra. “This refinancing significantly strengthens the company’s financial platform and enables continued investments into electric buses at scale. We are pleased to see strong lender confidence in the company’s strategy, operational performance and long-term growth prospects.”
Case published 25.3.2026
We advised Jensen-Group with its acquisition of Oy Vestek Ab, the long-standing distributor of Jensen solutions in Finland. The strategic step underlines Jensen-Group’s long-term commitment to the Nordic region and its ambition to further expand sustainable and future-oriented laundry automation solutions in Finland. Jensen-Group, listed on Euronext Brussels, is a global leader in heavy‑duty laundry technology, known for designing and manufacturing industrial laundry machines, systems, and turnkey automation solutions. Oy Vestek Ab is a Finnish import company founded in 1961. The company’s main activity is to import supplies and machinery, including providing products and services for the health care and laundry industries, from Europe and the USA and to act as a wholesale dealer on the Finnish market.
Case published 16.3.2026
We acted as legal adviser to GEA Group AG in a directed share issue carried out by Solar Foods Oyj, in which GEA Finland Oy, a wholly owned subsidiary of GEA Group AG, acted as a cornerstone investor with an equity investment of EUR 8 million. Solar Foods raised a total of approximately EUR 25 million in gross proceeds from the share issue to accelerate the implementation of its new production facility Factory 02.  In connection with the share issue, GEA Liquid Technologies GmbH and Solar Foods signed an exclusivity agreement under which Solar Foods appoints GEA Liquid Technologies as its exclusive process equipment vendor for the supply, design, construction and delivery of the process equipment for the Factory 02. Additionally, the parties have undertaken to negotiate terms and conditions of a long-term strategic partnership in the area of gas fermentation and related technologies. GEA is one of the world’s largest systems suppliers for the food, beverage and pharmaceutical sectors. GEA’s portfolio includes machinery and plants as well as advanced process technology, components and comprehensive services. GEA is listed in the DAX and the STOXX® Europe 600 Index and is also among the companies comprising the DAX 50 ESG and MSCI Global Sustainability Indices. Solar Foods produces Solein®, a protein created using carbon dioxide and electricity. This innovative production method is independent of weather and climate conditions, eliminating the need for traditional agriculture. Founded in Finland in 2017, Solar Foods is listed on the Nasdaq First North Growth Market Finland.
Case published 26.1.2026
We advised the shareholders in Puhdistamo – Real Foods Oy in the sale of all shares in Puhdistamo to PK Consumer Health. Puhdistamo is a leading Nordic wellbeing company, best known for its high-quality supplements, sports nutrition products and, functional beverages. Puhdistamo employs 120 employees in Finland and Sweden. PK Consumer Health is owned by Avista Healthcare Partners and Damier Group. The sellers will make a reinvestment into PK Consumer Health as part of the transaction. Completion is subject to customary closing conditions.
Case published 15.1.2026
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. 
Case published 8.12.2025
Castrén & Snellman acted as legal advisor to Suomen Aurinkovoima Oy and its owners in a financing tender process and a financing arrangement implemented with Danske Bank to secure financing for the company’s future solar park projects. Suomen Aurinkovoima, established by Oulun Seudun Sähkö, Oulun Energia, Vantaan Energia and Savon Voima, is a company focused on increasing domestic solar power. The company manages solar park projects from planning to implementation and maintenance, and its goal is to build dozens of new solar parks across Finland by 2030.
Case published 22.10.2025