Times are changing. It seems that we are now collectively becoming concerned for the most basic things in our lives: our homes, our families, our society and our businesses. At the same time we in Finland are grateful for our freedom: the merits of free democracy are clearer than ever, and we are comforted by even the slightest signals of it holding up when things get tough.
There are no easy matters on the management’s agenda: the war in Ukraine, recessionary fears, soaring inflation and the energy and climate crises have an impact on the economy and business activity. The increasing protectionism in the USA is also worrying from the European point of view.
It would be easy to join those who complain. Yet every crisis has its silver lining and gives rise to new opportunities that are creatively leveraged by some. If you have the courage to act, you can outshine your competitors even on rainy days. To find impressive and inspiring success stories, just take a look at Finnish unicorns.
The one thing we should not do is stay huddled in our own homes. We should venture out into the world with open minds and brave hearts to grow and learn. And when we come back with a bag full of new experiences and ideas, it is time to greet our home again, to turn on the lights and see things with fresh eyes.
We should also remember to cherish our partnerships. Our job at Castrén & Snellman is to help our clients make the right decisions and succeed in good times and bad.
Right now, the list of things to tackle might seem long. However, our belief in sustainable success stories remains strong, and we will continue to build them together with you also in the coming year.
We wish to thank our clients and business partners for your trust and great cooperation this year!
Latest insights
Article published 17.7.2026 – Real Estate Investments & Transactions
Special features of real estate transactions in Finland: Formal requirements, permit requirements and pre-emption rights
Article published 13.5.2026 – Venture Capital & Minority Investments
Newly launched Series Seed 4.0 is a comprehensive standard seed financing documentation for the Finnish market
Article published 8.5.2026 – Environment, Energy & Green Transition
Reform of Finland’s land use legislation – key takeaways for project developers
Article published 28.4.2026 – Private M&A
Unlocking value in carve-outs – Why integration planning deserves top priority in every carve-out
Jessica Salmia & Elina Marttala
Jarno Tanhuanpää, Tuomas Honkinen & Jussi Mäkikangas
Tarja Pirinen, Marius af Schultén & Joel Aartolahti
Benjamin Bade, Maiju Mäkinen & Samuli Salminen
Latest references
Lenders and Export Credit Agencies – EUR 514.4 million green project financing for Easpring Finland New Materials’ CAM plant
We acted as Finnish law legal adviser to the lenders and the export credit agencies in connection with the EUR 514.4 million green project financing for the development and construction of Easpring Finland New Materials Oy’s cathode active material (CAM) manufacturing plant in Kotka, Finland. The borrower, Easpring Finland New Materials Oy, is a joint venture owned by Beijing Easpring Material Technology, Finnish Minerals Group and LG Energy Solution. The financing was provided by six international commercial banks, with Société Générale acting as financial adviser and mandated lead arranger together with Natixis as co-mandated lead arranger, and DNB, ICBC, ING and Standard Chartered participating as lenders, with support from the export credit agencies Finnvera and Sinosure. The project represents a significant milestone for Finland and the European battery value chain by strengthening Europe’s domestic supply of cathode active materials, a key component in lithium-ion batteries for electric vehicles and energy storage applications. Once the first phase of the project is operational, the Kotka facility is expected to produce approximately 60,000 tonnes of cathode active material annually, making it one of the largest CAM production plants in Europe and supplying leading battery manufacturers across Europe.
Case published 21.7.2026
Delta Capacity – Acquisition of BESS Project
We acted as Finnish legal advisor to Delta Capacity in connection with its acquisition of the ready-to-build Karppio battery energy storage system (BESS) project from Helios Nordic Energy. The acquisition was made and the project will be implemented together with Strioga Family Foundation. The Karppio BESS project is located in Teuva, Finland, and has a capacity of 125 MW / 300 MWh. Delta Capacity will lead the remaining development of the project through to commissioning, planned for 2027, and will serve as long-term asset manager. Delta Capacity is a Swiss-based developer of utility scale battery storage systems. The acquisition adds to Delta Capacity’s growing Nordic portfolio.
Case published 20.7.2026
Swedbank – Refinancing of Trophi’s Finnish retail real estate portfolio
We advised Swedbank AB (publ) on the refinancing of a large Finnish retail real estate portfolio owned by Trophi’s Finnish subsidiaries. Trophi is the leading Nordic real estate company focusing on grocery anchored retail properties, with 278 properties across Sweden and Finland. Finland is a market that continues to develop and is also strategically important for Trophi, accounting for approximately 30% of Trophi’s letting and property value.
Case published 17.7.2026
HANZA – Acquisition of Fortaco Finland’s heavy mechanics and assembly business
We are acting as Finnish legal advisor to HANZA in connection with its acquisition of Fortaco Finland’s heavy mechanics and assembly business. The transaction is structured as a combined asset and share acquisition and includes Fortaco Finland’s heavy mechanics and assembly operations in Finland, as well as shares in two Estonian and two Polish subsidiaries. The transaction is expected to close during the fourth quarter of 2026, subject to customary closing conditions, including regulatory approvals. Founded in 2008, HANZA is a Swedish mechanical engineering and electronics contract manufacturing company listed on the Nasdaq Stockholm main list. HANZA has approximately 5,000 employees and annual sales of SEK 10 billion. We advise HANZA on this transaction in collaboration with the Swedish law firm Lindahl.
Case published 15.7.2026