Piia Raappana

Reka Industrial – Sale of Reka Cables to Nexans Group

We are acting as the legal advisor to Reka Industrial Plc in the sale of its wholly owned subsidiary Reka Cables Ltd, which operates the cable business of Reka Industrial. The purchase price of the shares is EUR 53 million and will be paid in cash. According to the Finnish Accounting Standards, the net debt of Reka Cables at the end of September 2022 was EUR 6.5 million. The completion of the transaction, conditional on the approval of the Extraordinary General Meeting of Reka Industrial and approvals by competent regulatory authorities, is expected to take place during the first half of 2023. Reka Oy, representing in aggregate 65.36% of the voting rights in Reka Industrial, has irrevocably undertaken to vote in favour of the transaction at the Extraordinary General Meeting. Reka Cables is the largest Finnish-owned cable manufacturer, which has been at the forefront of the cable industry for more than 60 years. Reka Cables provides durable, high-standard cable solutions for renewable energy production, network construction and industry as well residential and office construction. Reka Cables has approximately 270 employees, and the turnover in 2021 was EUR 134 million.

10.11.2022

Lifa Air – Listing on First North

We advised Lifa Air Plc in its listing on Nasdaq First North Growth Market Finland. The company raised gross proceeds of approximately EUR 7.7 million in the initial public offering that consisted of public, institutional and personnel offerings. After the IPO, the company has over 1,100 shareholders. ‘The listing and the funds raised through the IPO will support us in implementing our growth strategy. Many things create demand for Lifa Air’s products, ranging from the pandemic with no foreseeable end, new airborne diseases and pathogens, the increase of air pollutants and an increasingly poor quality of indoor air as well as geopolitical threats’, says Vesa Mäkipää , CEO of Lifa Air. Trading in Lifa Air’s shares began on First North on 20 April 2022. Lifa Air is a Finnish technology company established in 1988 and headquartered in Helsinki. It offers solutions for clean breathing air. Lifa Air’s business is divided into three business segments: air purifiers, respirators and medical face masks, and ventilation hygiene products.

21.4.2022

F-Secure – Proposed separation of F-Secure’s Consumer Security business through a partial demerger

We act as legal advisor to F-Secure Corporation in the proposed separation of F-Secure’s Consumer Security business through a partial demerger. It is planned that the Consumer Security business will be transferred into a new independent company, to be named F-Secure Corporation and established in connection with the demerger, and which will be listed on the official list of Nasdaq Helsinki Ltd. The demerger is expected to become effective as of 30 June 2022. In connection with the demerger, F-Secure Corporation will retain its Corporate Security business, which is planned to be renamed as WithSecure Corporation. F-Secure Corporation (listed on the NASDAQ OMX Helsinki) is a global cyber security and privacy company with over 30 offices around the world and is headquartered in Helsinki, Finland.

17.2.2022

Seraphim Space and Molten Ventures – ICEYE’s USD 136 Million Series D Funding Round

We advised international investors Seraphim Space Investment Trust plc and Molten Ventures on the USD 136 million series D funding round of ICEYE, a Finnish world-leading SAR data provider and expert in NatCat solutions. The round was led by Seraphim Space Investment Trust plc. New strategic investors to ICEYE also include BAE Systems and Kajima Ventures. In addition, Molten Ventures, OTB Ventures, True Ventures, C16 Ventures, Chione Ltd, Services Group of America, the UK’s National Security Strategic Investment Fund (NSSIF), Space Capital and Promus Ventures participated in the funding round. With this latest funding round, ICEYE has raised a total of USD 304 million in financing since 2015. ICEYE owns and operates the world’s largest constellation of SAR satellites and the company has successfully launched 16 satellite missions in total since its first-ever spacecraft was placed into orbit only four years ago. The financing will further accelerate the continued expansion of the world’s largest synthetic aperture radar (SAR) satellite constellation and the growth of ICEYE’s Natural Catastrophe (NatCat) Insights and Solutions offering. Seraphim Space Investment Trust plc (LSE: SSIT) is the world’s first listed fund focused on space technology, investing predominantly to early and growth stage private financed Space Tech businesses. Molten Ventures (LSE: GROW, Euronext Dublin: GRW), formerly Draper Esprit, is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies.

4.2.2022

Sambla Group – Acquisition of Rahalaitos

We acted as Finnish counsel to Sambla Group AB in its acquisition of Rahalaitos Oy from Speqta AB (publ). Advokatfirman Cederquist KB (Sweden) acted as lead counsel for Sambla Group AB and its shareholder Nordic Capital. Rahalaitos is a Finnish fintech company that since 2011 has been offering a marketplace that connects consumers with banks, lenders and insurance companies through technology and services. Rahalaitos has been a pioneer in Finland in developing better opportunities for its customers to apply for loans. Sambla Group consists of Sambla and Advisa and is one of the Nordic region’s largest players in comparison sites for personal finance.

1.2.2022

Körber – Majority stake in AI consulting company DAIN Studios

We advised Körber, an international technology group in strengthening its Business Area Digital by acquiring a majority stake in DAIN Studios, a Finnish-German based company which provides data and AI consultancy. ‘AI First is a key strategic initiative for Körber. With DAIN Studios, we strengthen our position globally as innovation leader in the future-oriented field of AI’, says Dr Christian Schlögel , Chief Digital Officer and Member of the Körber Group Executive Board. ‘With the consulting expertise of DAIN Studios, we expand our possibilities to leverage the power of AI to create a visible business value on the side of the customer.’ Körber was established in 1946 and today has about 10,000 employees and more than 100 locations worldwide. Körber Business Area Digital offers and develops digital products, services and solutions with experts, science and partners from multiple industries within logistics, pharma, tissue and tobacco to transform global manufacturing. Körber AG is the holding company of the Körber Group. DAIN Studios is a Finnish-German data and AI consultancy business established in 2016, which offers artificial intelligence solutions. DAIN Studios’s clients come from a variety of industries such as telecommunications, pharmaceuticals, manufacturing, banking, insurance and media.

25.1.2022

Karma Ventures – Investment in Wirepas

We advised Karma Ventures in their investment in IoT company Wirepas. Wirepas raised EUR 10 million in the funding round. Wirepas, the global leader in industrial internet of things solutions (IIoT), will use the collected funds to develop 5G standards and greatly contribute to the growth prospects of the company. The technology of Wirepas enables the digitalisation of, for instance, logistics and industrial manufacturing, which in turn increases the transparency of supply chains and saves energy. Karma Ventures (karma.vc) is an early-stage venture capital firm, specialised in late seed and A round investments in Europe’s most promising deep-tech software startups. Karma Ventures backs companies with strong ideas, unique technology, customer traction and global ambition. Wirepas is a software company based in Tampere, Finland, that has built a wireless connectivity platform for the Industrial Internet of Things (IIoT).

10.12.2021

LoupeDeck – Series A Funding Round

We advised LoupeDeck Oy, the Helsinki-based creator of custom consoles, in its series A funding round. The round was joined by zVentures, the corporate venture arm of Razer and Play Ventures , among others. Headquartered in Helsinki, Finland, LoupeDeck was founded in 2016. LoupeDeck is the creator of the LoupeDeck+, Creative Tool (CT) and Live custom-built editing consoles designed to improve the experiences of major software programs across photo, video and audio editing, design and live streaming.

1.12.2021

Lantmännen – Acquisition of Myllyn Paras

Castrén & Snellman advised Lantmännen in its contemplated acquisition of Finnish food company Myllyn Paras from Sponsor Capital and minority owners. The acquisition is a key step in broadening Lantmännen’s offering in Finland. Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Lantmännen is owned by 19,000 Swedish farmers and has 10,000 employees in over 20 countries. Myllyn Paras is a Hyvinkää-based company manufacturing, marketing and distributing flour, flakes, grains and pasta as well as frozen dough and bakery products. Myllyn Paras was established in 1928 and operates two factories in Hyvinkää and one in Tammela. Myllyn Paras is one of the most valued food brands in Finland. The group also exports products internationally. Myllyn Paras group employs approximately 110 employees. The completion of the acquisition is subject to obtaining merger control approval from the Finnish Competition and Consumer Authority.

23.9.2021

Clear Capital (US) – Acquisition of a Finland-based Proptech Company CubiCasa

We advised Clear Capital, a US national real estate valuation technology company in the acquisition of CubiCasa, a Finland-based proptech growth company. Through this acquisition, Clear Capital will empower CubiCasa to expand its mobile technology that automates floor plan sketch creation and digitises property data collection. CubiCasa will continue to operate with autonomy and service a wide variety of customers and verticals. Clear Capital is a national real estate valuation technology company aspiring to build confidence in real estate decisions to strengthen communities and improve lives. Their goal is to provide customers with a complete understanding of every US property through their field valuation services and analytics tools, and improve their workflows with platform technologies. Clear Capital operates since 2001 and they have over 1,300 team members across four brands -Clear Capital, Clario, CubiCasa and REO Network. CubiCasa is the front-runner in mobile indoor scanning and known for its fast and easy-to-use floor plan app on the App Store and Google Play Store. CubiCasa’s technology is used in 125 different countries and has helped create over 1 million floor plans to date. CubiCasa provides technology for the real estate, appraisal, and mortgage industries and is on a mission to digitise real estate.

21.9.2021

Husqvarna – Investment in Gamma Technologies

We advised Husqvarna Group in their corporate venture capital investment in Gamma Technologies, a Luxembourg-based augmented reality technology company. Gamma is disrupting the construction industry by bringing 3D Building Information Modeling (BIM) models with interactive features intuitively to the construction site. Gamma utilises its augmented reality technology to overlay BIM models on contractors’ mobile handsets displaying the otherwise unseen infrastructure. Gamma’s BIM/AR software is used to guide operators on where to cut, drill, etc., reducing both planning time and the risk of performing work in the wrong place, which is very costly to customers. Husqvarna Group is a global leading producer of outdoor power products and innovative solutions for forest, park and garden care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. The Group’s products and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Flymo, Zenoah and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries.

15.9.2021

Grafton Group – Acquisition of IKH

We advised international building materials distributor and DIY retailer Grafton Group plc in its acquisition of Finnish Isojoen Konehalli Oy and Jokapaikka Oy (IKH). IKH is one of the largest workwear and personal protective equipment, tools, spare parts and accessories technical wholesalers and distributors in Finland. The consideration payable for IKH is EUR 199.3 million on a cash and debt-free basis. ‘The acquisition of IKH is an exciting development that gives Grafton a presence in Finland for the first time and broadens its market position. It will also strengthen the group’s operations in the mainland European market in line with our international development strategy. IKH is a high-quality business with a strong market position and an experienced management team that provides Grafton with a new growth platform in the Nordic Region. We look forward to welcoming the IKH management team and their colleagues to Grafton’, Gavin Slark , CEO of Grafton, comments. Our team, which includes members from several practice areas, advised Grafton in all legal aspects of the acquisition and negotiating the entire transaction documentation. Grafton Group plc is an international distributor of building materials to trade customers and has leading regional or national positions in the merchanting markets in the UK, Ireland and the Netherlands. Grafton trades from circa 550 branches and has circa 11,000 colleagues. Headquarters are located in Dublin, Ireland. Grafton is listed on the London Stock Exchange. IKH, a family owned business founded in 1956 and originally focused on agricultural spares and machinery, has approximately 400 employees and is headquartered in Kauhajoki, where its well-invested distribution and logistics centre is located. IKH is currently developing a market presence in Sweden and Estonia.

24.6.2021

Tesi and C&S – Together Towards More Sustainable Investing

Tesi expects sustainability from its investment targets. Castrén & Snellman helps Tesi achieve its sustainability goals. It is increasingly important for law firms to be able to support their clients’ sustainability work. One good example is the long-term collaboration between Tesi, or Finnish Industry Investment Ltd, and Castrén & Snellman, in which sustainability has grown in significance year by year. ‘We expect our partners to help us achieve our sustainability goals. To do that, they need expertise in and insight into sustainability issues and the developing regulatory environment’, said Heli Kerminen , a director at Tesi. Kerminen is responsible for developing the sustainability and impact of Tesi’s investment activities. Among other projects, C&S advised Tesi when it participated in Swappie’s 35-million-euro investment round last year. Swappie refurbishes and sells recycled phones. Its goal is to operate in 18 countries by 2023. Investments Totalling 250 Million Euros in 2020 Tesi is a Finnish is a state-owned investment company investing in venture capital and private equity funds and directly in growth companies. In 2020, Tesi invested a total of 250 million euros. Investments into nine private equity funds made up 82 million of that sum, and 39 million euros were invested into 20 growth companies. In addition, Tesi gave a 65-million-euro investment commitment to the KRR IV fund-of-funds, which it manages, and invested a total of 63 million euros into 24 companies through its COVID-19 stabilisation programme and Venture Bridge programme. Tesi was founded in 1995. Kerminen divides the company’s history into three stages: the first stage focused on building the Finnish venture capital and private equity market, the second on internationalisation and the third began in 2019 with a new strategy that shifted the focus onto social impact. ‘Sustainability is one of our key operating principles and an integral part of our investment and decision-making processes. We encourage companies to grow sustainably by sharing information and expertise with them’, Kerminen said. ‘We believe that Finnish companies have a key role to play in finding sustainable solutions to global challenges.’ A Circular Economy Programme to Promote Sustainable Growth Sustainability can be seen in many parts of Tesi’s operations. Based on the work Tesi has done with the Finnish Innovation Fund Sitra, Tesi created a circular economy programme, which is an investment programme focused on responsible and sustainable growth. The goal of the programme is to promote the circular economy, support the growth and internationalisation of target companies and promote impact investing. Tesi has dedicated 75 million euros to the programme. Tesi’s core mission is to support the growth and internationalisation of companies. Tesi’s mission is also to highlight and promote sustainable investing. ‘We look at the impacts that our investments have on the environment and on society. Profit is not enough for Tesi, we expect investment targets to operate sustainably and to have a positive impact on society’, Kerminen said. Tesi also encourages its portfolio companies to develop sustainable products, services and business models. ‘A great example of a sustainable business model that is going global is Swappie. Swappie sells refurbished smartphones. This reduces harmful environmental impacts by extending the lifecycle of smartphones and also provides social benefits by putting affordable phones on the market’, Kerminen said. Tesi’s and C&S’s shared journey promoting sustainable investing 2020 Establishment of Stabilisation Program for Mid-sized Companies Investment in Varjo Technologies Investment in Swappie 2019 Investment in Endev Investment in Oura Health 2018 Sale of IonPhasE to Croda International Investment in Nosto Solutions Investment in Zervant 2017 Investment in BC Platforms AG Group Co-investment in Midaxo 2016 Co-investment in OptoFidelity Co-investment in Verto Analytics 2015 Co-investment in in Rauma Marine Constructions 2014 Acquisition of Meyer Turku (formerly STX Finland)

10.2.2021

Finnish Industry Investment – Investment in Varjo

We advised Finnish Industry Investment Tesi in their investment in the virtual/mixed reality company Varjo Technologies Oy. Varjo, the leader in industrial-grade VR/XR hardware and software, closed a round of Series C funding worth 46 million euros. Tesi, NordicNinja, and Swisscanto Invest by Zürcher Kantonalbank are among the new investors contributing to the round, in addition to follow-on investment participation from existing investors including Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars Tech Fund. Based in Helsinki, Varjo is creating the world’s most advanced VR/XR hardware and software for industrial use, merging the real and virtual worlds seamlessly together in human-eye resolution. Finnish Industry Investment Tesi, is a state-owned investment company that wants to raise Finland to the front ranks of renewing economic growth by investing in funds and directly in companies. Tesi invests profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. The investments managed by Tesi total 1.3 billion euros.

19.8.2020

ETF Partners – Investment in Basemark

We advised ETF Partners in their investment in Finnish software company Basemark Oy. Basemark Oy specialises in graphics and autonomous driving vehicle software. The company develops the Rocksolid Engine, a world leading real-time graphics and compute software solution for mission critical industrial applications. Basemark also develops system performance evaluation tools such as Basemark Automotive Testing and Basemark GPU. The customer base of Basemark includes major automotive OEM and SoC companies. ETF Partners is a London based fund manager investing in technology companies with a sustainability impact, focusing particularly on opportunities enabling Smart Industry, Smart Cities and Smart Energy. The team at ETF Partners has great situational experience gained with high-growth technology companies across Europe, Israel, Asia and Silicon Valley.

16.7.2020

Sinch – Acquisition of SAP Digital Interconnect Finnish Operations

We advised Sinch AB (publ), a global leader in cloud communications for mobile customer engagement in the acquisition of SAP’s communications unit SAP Digital Interconnect (SDI) in Finland. Sinch acquired all assets and IP belonging to SDI. SDI offers cloud-based communications products throughout the world. Sinch and SDI share a focus on digital business transformation. Sinch brings businesses and people closer with tools enabling personal engagement. Its cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through voice, video, and SMS services. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm. SAP Digital Interconnect (SDI) enables enterprises to cover the ‘last mile’ with their customers and connect businesses, people, and things in the digital economy. This is being done using SMS, e-mail, push notification, and social network channels. SDI provides cloud-based, API-driven engagement services that help mobile network operators, enterprises and developers drive digital transformation with intelligent, interconnected, multichannel engagements. SDI has a strong customer base of blue-chip customers, including over 1,500 enterprise customers and 500 mobile operators, spanning 190 countries.

5.5.2020

Avesco – Purchase of Caterpillar and Sitech Businesses

We are the legal advisors to Avesco AG from Switzerland in a business purchase in which Avesco purchases Wihuri Oy’s Finnish importing and retailing businesses of the Caterpillar and Sitech brands. The plan is for the businesses to transfer to Avesco on 1 January 2020. In Finland, Avesco plans to focus on representing the Caterpillar and Sitech brands, and approximately 240 employees will transfer to Avesco as existing employees through the business purchase. Avesco AG is a Swiss company that is part of the family-owned Ammann Group, which was established in 1869 and employs over 3,000 people. Among other things, Avesco sells, leases and services construction and energy production machinery. Avesco purchased Caterpillar’s Baltic operations from Wihuri in 2016, and Avesco also represents the Caterpillar brand in Switzerland. Wihuri is a global Finnish industry and trade conglomerate engaged in packaging, daily goods wholesale, technical trade and aviation. Wihuri Group employs 5,000 people and operates in 30 countries. Caterpillar is part of Wihuri’s Technical Trade division, which operates under Wihuri Oy. Wihuri has operated for over a century and has been Caterpillar’s importer and retailer for over 70 years.

7.11.2019

Shareholders of iLOQ – Sale of Share Capital

We advised the shareholders of iLOQ Oy in the sale of iLOQ’s shares to funds managed by Nordic Capital. The purchase price for iLOQ’s entire share capital was EUR 190 million. The transaction is pending on competition authority approval, and is expected to be completed by the end of 2019. iLOQ develops, manufactures and markets innovative, high-security electronic locking solutions. iLOQ is a rapidly growing, highly profitable company with a turnover of EUR 50.2 million, an operating margin of EUR 9.5 million, a profit of EUR 8.3 million and a result of EUR 6.5 million in 2018. The company employs approximately 130 people. Nordic Capital is a private equity investor focused mainly on the Nordics and Europe. Since inception in 1989, Nordic Capital has invested more than EUR 14 billion through its nine funds.

17.10.2019

Husqvarna – Investment in Soil Scout

We advised Husqvarna Group in their corporate venture capital investment in Soil Scout Oy, a Finland-based IoT sensor company. Soil Scout provides buried wireless soil monitoring that optimises water consumption and energy usage for operators working in sports, turf care, city green areas, and agriculture. The patented Soil Scout system optimises water and energy usage through permanent buried wireless monitoring. Husqvarna Group is a global leading producer of outdoor power products and innovative solutions for forest, park and garden care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers. The Group is also the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. The Group’s products and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Flymo, Zenoah and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries.

8.10.2019

PopSockets – Enforcement of IP Rights

We are advising PopSockets LLC in the enforcement of trade marks, design rights and patents as well as in counterfeit matters. PopSockets LLC manufactures and sells the popular hit product PopSockets expanding grip and mount for mobile devices. With our help, PopSockets has succeeded in removing thousands of replica products from the Finnish market.

22.1.2019

BBS – Enforcement of BBS Trade Mark

We successfully represented BBS GmbH, a leading light alloy wheel manufacturer, in a trade mark dispute before the Market Court. The issue was whether a Finnish company had infringed the BBS trade mark by marketing and selling wheels and hub caps under a stylised 885 symbol. The Market Court upheld our infringement claim, prohibiting the defendant from continuing or repeating the infringement and ordering the defendant to pay reasonable compensation to our client. The Market Court rejected the defence that a disclaimer on the defendant’s website was sufficient to remove the infringement, holding that there could still be post-sale confusion among third parties who see the 885 mark in use on a wheel. In considering the similarity of the marks, the Market Court took into account that the number 8 resembles the letter B and the number 5 resembles the letter S, especially given their visual presentation. The ruling became final in spring 2017.

15.6.2017

AMC Entertainment Holdings, Inc. (AMC) – Acquisition of Nordic Cinema Group (NCG)

As Finnish legal counsel we have advised NYSE-listed AMC Entertainment Holdings, Inc., on its acquisition of Scandinavian and Baltic cinema operator Nordic Cinema Group (NCG), for approximately USD 900 million from Bridgepoint Capital and Swedish media group Bonnier Holdings. NCG operates 68 theatres and has a substantial minority interest in another 50 associated theatres to which NCG provides a variety of shared services. NCG’s theatres are number one in market share in Sweden (SF Bio), Finland (Finnkino), Estonia, Latvia and Lithuania (Forum Cinemas) and number two in Norway (SF Kino). The combination of AMC and NCG will further strengthen AMC’s current position as the largest cinema operator in the United States, Europe and the world. The project was led by Swedish law firm Lindahl and international law firm Pinsent Masons. Advokatfirmaet Schjødt (Norway) and Sorainen (Estonia, Latvia and Lithuania) acted as the other local counsel. ‘For the third time in the past twelve months, we believe we have discovered a substantial acquisition that gives AMC yet another opportunity to further expand and diversify our geographic reach and more firmly establish AMC as the undisputed leader in movie exhibition worldwide,’ says AMC CEO and President Adam Aron.

25.1.2017

Emerald Technology Ventures – Investment in Visedo

We assisted Emerald Technology Ventures in its investment in Visedo Oy. The finance round was managed by Emerald Technology Ventures, with Ilmarinen, LähiTapiola, Suffice International, Sinituote, Finnish Industry Investment, VNT Management, Green Campus Innovations and Visedo’s employees participating in the funding. The financing round of EUR 20 million in aggregate was one of the largest in Finland in 2016. The financing round consisted of an equity investment of EUR 13.5 million and EUR 6.5 million from other sources. Emerald Technology Ventures is a globally recognised investment firm in the areas of energy, water, agriculture, advanced materials and industrial IT. Founded in 2000, the company has raised four venture capital funds and has completed nearly 60 venture investments. From offices in Zurich, Switzerland, and Toronto, Canada, Emerald has managed assets of more than USD 660 million to date. Founded in 2009, Visedo is a Finnish company specialising in electric powertrains and components for heavy-duty machinery, commercial vehicles and the marine industry. Visedo’s head office is located in Lappeenranta, Finland, and the company has a subsidiary in the Netherlands. Visedo has a broad, international client base, with exports to Europe and Asia representing 90 percent of its sales.

19.12.2016

Inventure – Investment in Noona Healthcare

We assisted Inventure, a leading Nordic venture capital company, in its investment in Finnish growth company Noona Healthcare Oy. Noona provides a cloud-based oncology platform for patient-reported outcomes. Inventure manages venture capital funds with over 120 million euros in total capital base. They focus on early stage investments in technology, software and the next generation of digital services.

11.11.2016

Google – Data Protection and Privacy Court Cases

Castrén & Snellman acts on behalf of Google in Finnish court cases concerning data protection and privacy matters, including the so-called ‘right to be forgotten’ as established by the European Court of Justice in 2014. We have also acted for Google in several cases concerning issues under the Freedom of Speech Act, and for example in a court case concerning Google’s AdSense program .

14.7.2016

Wärtsilä – Acquisition of Eniram

We acted as the legal advisor to Wärtsilä in its acquisition of Eniram Group. The acquisition of Eniram will enable Wärtsilä to grow and strengthen its digital offering and in-house capabilities, specifically in data analytics, modelling and performance optimisation. The transaction is valued at EUR 43 million. Eniram, founded in 2005, is a Finland-based technology company providing the maritime industry with energy management and analytics solutions to reduce fuel consumption and harmful emissions. The company’s solutions are installed in over 270 vessels ranging from cruise liners, tankers, LNGs, container ships, bulkers and ferries. Eniram is headquartered in Helsinki, Finland and has subsidiaries in the UK, the USA, Germany and Singapore. In 2015, Eniram’s turnover exceeded EUR 10 million with 89 employees worldwide. Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. In 2015, Wärtsilä’s net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

6.7.2016

Partech Ventures – Investment in M-Files

We acted as counsel to Partech Ventures in its investment in M-Files Oy. M-Files provides smart and efficient information management solutions that help organisations reach significant business advantages by enhancing their operations and process management and by integrating the information generated by different systems. Thousands of companies in more than 100 countries use M-Files to improve the quality and productivity of knowledge work and to ensure the compliance with information management standards and requirements. Leading market research institutions, such as Gartner, Forrester and Nucleus Research, have rated M-Files among the world’s leading companies. In 2015, Deloitte recognised M-Files for the sixth time as one of the fastest growing technology companies. In the same year, the company’s turnover increased by 36%. The company has offices in Finland, United States, United Kingdom and Sweden. Partech Ventures is an international investor specialised in high-growth digital and ICT companies with three types of fundings: seed capital (Partech Entrepreneur), venture capital (Partech International) and growth capital (Partech Growth).

21.3.2016

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