Piia Raappana

Counsel, Member of the Finnish Bar

I specialise in intellectual property law and dispute resolution. I advise our domestic and international clients in various matters related to industrial property rights and copyright, such as in the enforcement of intellectual property rights. I also advise our clients in the field of commercial agreements, such as in licensing and distribution agreements.

My key expertise also lies in marketing and consumer law. I also have experience in the fields of media and sports law.

In addition to my studies at the University of Helsinki, I have studied law at the Humboldt University of Berlin, Germany.

Latest references

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. 
Case published 10.11.2022
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.
Case published 21.4.2022
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.
Case published 17.2.2022
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.
Case published 4.2.2022
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.
Case published 1.2.2022
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.
Case published 25.1.2022
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).
Case published 10.12.2021
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.
Case published 1.12.2021