Sebastian Palomäki

Associate, LL.M.

Services

  1. Capital Markets & Financial Regulation
  2. Private Equity & Venture Capital
  3. Public M&A

Contact details

I advise our domestic and international clients in various assignments related to capital markets transactions and financial regulation. I also advise our clients in private equity and venture capital investments as well as private M&A.

I have over a decade of international experience studying at international schools in Helsinki as well as studying for my university degrees abroad. I completed my Master of Laws degree at the University of Oslo. During my studies I specialised in various financial regulatory matters with a strong emphasis in emerging technologies.

I joined Castrén & Snellman in 2019 as a trainee. I worked in several trainee positions, which helped me to develop experience in multiple areas of business and financial law.

I’m committed to helping clients and providing sound legal advice in all matters relating to business and financial law. I strive to build trust and long-term relationships by providing sincere communication on legal matters. Through my experience outside of the legal profession, I’m also able to provide outside-the-box solutions to help our clients achieve their goals.

Latest references

SATO – Rights Issue
We advised SATO Corporation and lead manager Skandinaviska Enskilda Banken AB (publ) Helsinki Branch in a rights issue. SATO received gross proceeds of approximately EUR 200 million from the issue. SATO Corporation is an expert in sustainable rental housing and one of Finland’s largest rental housing providers. SATO owns around 25,000 rental homes in the Helsinki Metropolitan Area, Tampere and Turku. Approximately 45,000 residents live in SATOhomes.
Case published 29.2.2024
Purmo Group – Issue of EUR 60 million green hybrid bond
We advised Purmo Group Plc in the issue of a EUR 60 million green hybrid bond. The rationale for the issue is to ensure funding for Purmo Group’s strategy acceleration programme. In connection with the issue, Purmo Group published a green finance framework to integrate the company’s sustainability ambitions into its funding. The net proceeds from the issue will be used in accordance with Purmo Group’s green finance framework. Purmo Group is a leader in sustainable indoor climate comfort solutions in Europe. Purmo Group provides complete heating and cooling solutions to residential and non-residential buildings, including radiators, underfloor heating, heat pumps, towel warmers, valves and controls.
Case published 17.2.2023
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. 
Case published 10.11.2022
QPR Software – Rights Issue
We advised QPR Software Plc and lead manager Evli Plc in a rights issue. A Finnish language EU Recovery Prospectus, approved by the Financial Supervisory Authority, was published in conjunction with offering. The issue was oversubscribed, and the company raised gross proceeds of approximately EUR 3.45 million. Trading with the new shares subscribed for in the issue commenced on Nasdaq Helsinki Ltd today. “I am very pleased with the outcome of the rights issue and the great interest of investors in the implementation of our company’s growth strategy. I would like to extend my warm thanks to all the old and new shareholders of QPR Software Plc for their trust in the company. As we have previously announced, the excellent result of the rights issue will enable the implementation of our growth strategy according to the company’s plans. The oversubscribed offering is a sign of strong faith in the company’s growth and its results are an important milestone to strengthen our position as a leading SaaS company in a rapidly growing process mining market”, notes Jussi Vasama, CEO of QPR Software Plc. QPR Software Plc provides process mining, performance management and enterprise architecture solutions for digital transformation, strategy execution, and business process improvement in over 50 countries. QPR software Plc allows customers to gain valuable insights for informed decisions that make a difference.
Case published 20.6.2022
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.
Case published 21.4.2022
Next Games – Netflix’s Tender Offer on Next Games
We are acting as the legal advisor to Next Games Corporation in Netflix, Inc.’s voluntary public cash tender offer for all outstanding shares and stock options in Next Games Corporation. The tender offer values Next Games’ total equity at approximately EUR 65 million. The tender offer will enable Next Games to join Netflix as a core studio in a strategic region and key talent market, furthering the two companies’ shared vision and passion for games. Next Games is the first publicly listed mobile game developer and publisher in Finland, specialising in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefine the way franchise entertainment transforms into highly engaging service-based mobile games. Next Games works on multiple new games based on beloved global IPs. The Company’s latest game, Stranger Things: Puzzle Tales, is based on Netflix’s hit 80s horror drama series.
Case published 4.3.2022
Bilot – Proposed merger of Bilot and Vincit
We act as legal advisor to Bilot Plc in the merger of Bilot Plc and Vincit Plc, which is proposed to be implemented as an absorption merger pursuant to the Finnish Companies Act. “Merging with Vincit is the next logical step for Bilot on the way to becoming a more comprehensive and versatile operator. The merger will accelerate Bilot’s on-going change and enable stronger contribution to customer experience, electronic business operations and internationalisation in the future. Thus, the merger will create an opportunity to further invest in the future company’s growth. Customer portfolios, target markets and offerings that complement each other will create a new kind of market actor with a strong culture and employee experience at its core. Even though the name will change, Bilot’s impressive story will continue together with another fine company. The future is looking even brighter,” says Jens Krogell , CEO of Bilot. In 2020, the illustrative combined operating profit of the future company was approximately EUR 70.6 million and EBITDA approximately EUR 9.1 million. On 31 December 2021, Bilot and Vincit had a total of approximately 821 employees. Bilot Plc is a Finnish IT services company that provides its customers with a strategic competitive advantage by developing a comprehensive digital business. Vincit Plc is a top expert organisation that offers its customers digitality that always works, with no nonsense, for a world without fear for tomorrow. The companies’ shares are listed on the Nasdaq First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Ltd.
Case published 4.2.2022
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