Finland

About

Located in Northern Europe and bordering Norway and Sweden, Finland is an economic leader in the Nordic region. The Finnish economy is widely known for its high level of industrialisation, private ownership and free enterprise, and openness to trade. 

Our exceptional offering in Finland sets us apart in the Nordic region and benefits from close collaboration with our Swedish office. We are the only global law firm in Finland with a wide range of fully integrated practice areas and longstanding experience in complex, cross-border transactions. Our offices in Helsinki and Stockholm make White & Case the only global law firm with a strong and established Nordic presence.

White & Case Helsinki has developed a strong reputation in the market for leading Nordic-based and international clients on their Nordic and worldwide activities. Our Finnish lawyers are internationally renowned market leaders and widely regarded as specialists  in flagship practice areas such as corporate M&A, private equity, debt finance, capital markets and real estate transactions. We partner closely with the Firm's other offices and focused practice groups throughout EMEA, the Americas and the APAC region. Our teams in Finland are at the forefront of industry-shaping deals and are fully dedicated to finding innovative and original solutions to our clients' most complex domestic and multijurisdictional transactions.

Within the Finnish market, our industry knowledge is reflected in our top-tier rankings by the leading awards and publications. Our Finnish lawyers are widely commended for their extensive experience and deep knowledge within their respective practice areas. This allows us to provide world-class advice and support global strategies with a Nordic lens wherever and whenever required.

Our core services include:

 

Private Equity and Corporate/M&A

We are a global law firm with expertise in complex, cross-border transactions with a local presence in Finland and the Nordic region. We have extensive experience in structuring and executing domestic and cross-border mergers and acquisitions, demergers, leveraged buyouts, joint ventures and equity investments across a full range of sectors. 

What we offer is unique in the Nordic and global market—our Firm has the ability to offer US, UK and Finnish law capabilities locally—a service that is highly valued by our clients. We provide all deal support through a broad global network of substantial teams throughout the EMEA and Nordic region. 

Clients say, "High-quality international team with significant experience from M&A across the board."
The Legal 500 2022

"The lawyers are very easy to work with and pragmatic."
Chambers 2022

 

Capital Markets

Our Finland Capital Markets Practice is the only team in Helsinki that advises both issuers and underwriters on the full spectrum of debt, equity, equity-linked and hybrid capital transactions. We regularly advise multinational clients on a broad array of complex capital markets mandates ranging from green bonds and rights offerings to IPOs and dual listings. The team also has additional expertise in hybrid capital transactions and the establishment of large EMTN programs, as well as the update of GMTN programs. Our diverse portfolio of clients consistently rely on us for cutting-edge legal advice on a wide range of their most pressing and high-profile capital markets transactions. Major domestic and international banks as well as corporations are part of White & Case Helsinki's prestigious client roster.

Clients describe White & Case as "very well organised, with a deep knowledge of ECM and an international background. The team works in a timely manner and always meets deadlines."
Chambers 2022

Clients say, 'The team is business minded and quite specialised in larger capital markets transactions. They are efficient and have been available with very short notice.' 
The Legal 500 EMEA, 2022

A client highlights that "White & Case is very strong on international elements." 
Chambers Europe 2022

 

Debt Finance

Banking and finance is one of the flagship practice areas of our Helsinki office. The team is widely recognized in the Nordics and globally for its notable prowess in a variety of complex multijurisdictional banking and finance matters. The team advises on bilateral and syndicated loans, and works closely with the Firm's Capital Markets team on bond issuances. Our lawyers act for both lenders and borrowers on the full range of corporate, acquisition, project and real estate finance transactions. We advise European financial institutions and management groups on transactions in the Nordic and Baltic regions. 

Our mandates frequently involve private equity sponsors, acquisition, large corporates and alternative capital providers on a broad range of banking and restructuring matters, both foreign and domestic, and within a broad product offering. Our clients include some of Finland's largest financial institutions, corporates and private equity funds. The combination of White & Case's breadth of international experience and the Finland office's knowledge of local legislation and industry practice makes us extremely well suited to be efficient advisors to both local and international banking and finance clients. 

"Market leader Tanja Törnkvist is lauded by clients as a "highly skilled and experienced finance lawyer—one of the most trusted advisers in town." Clients appreciate that "she has a very good commercial grasp and is very good at both defending our side and getting the deal through." 
Chambers 2022

A client highlights the lawyers' "very solution-oriented mindset" and praises White & Case's international capabilities: "The law firm has a good global network, and the work between different locations is quite seamless." 
Chambers 2022

 

Real Estate 

Real estate is one of White & Case's Helsinki's core practice areas. Our Finnish Real Estate Group represents a wide range of clients, including real estate investment funds, real estate companies and financial institutions lending money to finance the purchase of real estate assets in Finland. We work on some of the most challenging and complex transactions in the Finnish market together with industry-leading clients.

Our Real Estate Group in the Nordics focuses on real estate M&A and real estate finance. The Real Estate Group forms an active part of our work and complements our service offering of M&A, bank finance and capital markets. We work on behalf of real estate investors and financial institutions acquiring real estate or lending money to finance the purchase of real estate assets in Finland and the Nordics.

Our significant experience in large cross-border real estate transactions and financings in Europe, combined with local Finnish law expertise, enables us to provide our clients with high-quality advice an exceptional service. Clients trust us to manage the intricacies of their transactions and disputes, synthesizing legal and commercial knowledge to provide them with counsel that translates into successful outcomes.

 

Awards & Recognition

Nordic M&A
#1 by volume
Bloomberg 2022

Tier 1 Capital Markets
Tier 1 in Commercial, Corporate and M&A
Tier 1 in Banking and Finance / Debt Finance
Finland, The Legal 500 EMEA 2022

Tier 1 in Capital Markets
Tier 1 in Capital Markets – Debt
Tier 1 in Capital Markets – Equity
Tier 1 in Mergers and Acquisitions
Tier 1 in Banking and Finance/ Debt Finance
Top Tier Firm 2022
Finland, IFLR 1000 2022

Band 1 in Capital Markets
Finland, Chambers Europe 2022

Band 1 in Corporate/M&A
Finland, Chambers Global 2022

White & Case ranked #1 by deal count for Nordic M&A, having advised on 87 announced deals with an aggregate value in excess of US$22.2 billion 
Bloomberg 2021

Law Firm of the Year
IFLR 2022

Experience

Over €550 financing package to Antilooppi
Representation of Antilooppi Ky, a real-estate investment firm in the Helsinki region, in its financing package, worth over half a billion euros. The financing consist of a ten-year €40 million financing agreement with Nordic Investment Bank to finance the Siltasaari 10's LEED Platinum renovation project and a three-year €528.4 million sustainability-linked financing agreement with Nordea, OP, SEB and Danske Bank covering the majority of the other assets in the portfolio.

Starwood Capital's sale of Finnish rental residential portfolio
Representation of Starwood Capital Group and their operating partner Avara Oy in the sale of a residential portfolio in Finland to Orange Capital Partners. The portfolio of approx. 2,200 apartments is spread across 16 cities, with more than 50 percent of the portfolio value being located in the Helsinki region.

Ahlstrom-Munksjö's reorganization of Decor business ownership
Representation of Ahlstrom-Munksjö, a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers, in the reorganization of the ownership of its decor business to a newly formed company that will be named Munksjö.

Huhtamäki Oyj's €500 million sustainability-linked bond
Representation of SEB, BNP Paribas, Citi and Nordea as the joint lead managers in Huhtamäki Oyj's offering of €500 million 4.25% senior unsecured sustainability-linked notes. 

Nordstjernan's acquisition of Aidian
Representation of Nordstjernan, a Swedish investment company owned by Ax:son Johnson family, in its acquisition of Aidian, a Finnish pharmaceuticals company under Orion.

Financing for merger of Virala Acquisition Company and Purmo Group
Representation of Nordea Bank Abp (Nordea) and Skandinaviska Enskilda Banken AB (publ) (SEB) in the financing for the merger of Virala Acquisition Company Plc (VAC), the first company listed on the SPAC segment of the regulated market of Nasdaq Helsinki and Purmo Group Ltd.

Eurazeo's investment in Finnish software startup Aiven
Representation of Eurazeo, as lead investor, in its US$210 million Series D fundraising of Aiven, a Finnish cloud scale-up.

VALOREM's sale and financing of wind farms in Finland
Representation of VALOREM, the French pioneering independent renewable energy developer and operator, in the divestment of the 165 MW Kalistanneva onshore wind farm to a Finnish consortium formed by HELEN Oy and the Bank of Åland Wind Power Fund Non-UCITS, and the simultaneous approximately €135 million project financing of the neighboring 148.5 MW Matkussaari onshore wind farm, together with the negotiation and settlement of all related commercial arrangements.

IPO and listing of Betolar Shares on Nasdaq First North Growth Market Finland
Representation of Skandinaviska Enskilda Banken (publ) in the initial public offering (IPO) on Nasdaq First North Growth Market Finland of all the shares in Betolar Plc for a market capitalization of approximately €112 million at the offer price.

IPO and listing of Kempower Corporation on Nasdaq First North Growth Market Finland
Representation of Kempower Corporation in its initial public offering (IPO) and the listing of all its shares on the Nasdaq First North Growth Market Finland for a market capitalization of €319 million at the offer price.

€273 million IPO and listing of Puuilo Plc
Representation of Carnegie Investment Bank AB and Danske Bank A/S, as joint global coordinators, and Nordea Bank Abp and OP Corporate Bank plc, as managers, in the initial public offering (IPO) and listing on the official list of Nasdaq Helsinki of the shares in Puuilo Plc.