Krogerus > Helsinki, Finland > Firm Profile

Fabianinkatu 9

Finland > Banking and finance Tier 1

Krogerus' banking and finance department advises on the full range of domestic and international financing transactions and is a key adviser on complex acquisition and leveraged financings and structured finance mandates. The unit is additionally well regarded for its real estate finance and project finance work related to the energy sector, especially relating to renewable energy projects. Practice head Päivi Toivari is praised for her ‘outstanding negotiation skills and impeccable argumentation skills’ and specialises in acquisition financings, corporate lending, structured financing agreements, debt issuances and derivatives matters. ‘Excellent negotiator’ Heidi Kivenjuuri excels in real estate and project finance matters, and restructurings; and Jenna Kiiskinen is the key name at counsel level.

Practice head(s):

Päivi Toivari

Other key lawyers:


‘Strong understanding of the business sector and the nature of our company in particular.’

‘Krogerus has a very experienced and professional team. It is always a pleasure to work with them.’

‘Apart from a vast experience with various financing structures, Heidi Kivenjuuri has a very hands-on pragmatic approach.’

‘Krogerus’ Banking and finance practice team, led by Päivi Toivari, is one of the most competent legal teams I have worked with. Punctual, constructive and maximally client-oriented team whose legal competences are beyond doubt. Their responsiveness (even during intense workload) and excellent collaboration with other legal teams participating in transactions, as well as technical solutions offered and ensured for the concerned parties strongly contribute to the success of the projects.’

‘Päivi Toivari’s most distinctive features are outstanding negotiation skills and impeccable argumentation skills. She is a high-profile professional and partner who is capable of managing, delegating and demonstrating maximum effort. Her knowledge, experience and competence are especially useful in critical or more intense situations.’

‘Heidi Kivenjuuri has a very hands-on approach and she is an excellent negotiator who always finds suitable solutions with a commercial approach.’

‘Päivi Toivari has extensive knowledge in the field of banking and finance. You can trust even the most demanding and critical cases in the hands of Päivi.’

‘Krogerus’ Banking team can take on full responsibility for getting the deal through, have attention to detail and great adaption skills.’

Key clients

Nordea Bank Abp

Sampo plc

Ilmatar Energy Oy

Cibus Nordic Real Estate AB

UBS Asset Management

Skandinaviska Enskilda Banken AB

Ålandsbanken Wind Power Fund

Intera Partners




Work highlights

  • Advised Copenhagen Infrastructure Partners (CIP) on financing matters in connection with its entry into a partnership with a Finnish developer Myrsky Energia Oy to develop more than 1.8GW of new onshore wind power in Finland.
  • Advised Ilmatar Energy on its the long-term €135m debt financing to fund the construction and operation of a portfolio of four onshore wind farms.
  • Advised Kohlberg Kravis Roberts & Co. Partner LLP (KKR) on the financing of its acquisition of a high-quality portfolio of thirty residential properties from Kruunuasunnot.

Finland > Capital markets Tier 1

Reputed for its depth of expertise across a broad spectrum of capital markets mandates, Krogerus‘ capital markets and public M&A department offers full-service advice to its clients, including handling high-profile IPOs, large-scale rights issuances, buybacks and debt issuances, tender offers, liability management transactions, and public M&A, as well as providing regulatory assistance. Tom Fagernäs leads the team and assists clients with domestic and cross-border capital markets transactions, ranging from debt and equity transactions to public takeovers, increasingly involving distressed situations. Mårten Knuts is adept in domestic and cross-border capital markets and financing transactions, including takeovers, as well as financial regulatory matters; while Paul Raade focuses on transactional mandates.

Practice head(s):

Tom Fagernäs

Other key lawyers:


‘The team provides a broad set of skills and experience in the field. As a customer, you feel that the different aspects and alternatives are analysed thoroughly from the aspect of both opportunities and risks.’

‘Efficiency, delivery and ability to understand business situation of the customer.’

‘Mårten Knuts is second to none.’

‘Tom Fagernäs, heading the Capital Markets group – Really capable guy and easy to deal with. Paul Raade, partner with strong knowhow of capital markets law.’

‘Solid and experienced and above all knowledgeable.’

‘Mårten Knuts, Tom Fargernäs and Paul Raade – all of them are knowledgeable and efficient.’

‘A young and extremely innovative and dynamic team!’

‘Mårten Knuts and Tom Fagernäs really stand out. Paul Raade is making waves.’

Key clients


Nordea Bank



JC Switzerland Holding


Hartwall Capital

Carnegie Investment Bank

Lamor Corporation

Alisa Bank (formerly known as Fellow Bank)

Work highlights

  • Advising Sampo as the lead counsel in its strategic review of Mandatum, which was initially announced in December 2022.
  • Advised Nokia on two share buy-back programmes, both of €300m.
  • Advised Lamor Corporation on the public offering and listing of its inaugural €25m senior secured high-yield green bond.

Finland > Commercial, corporate and M&A Tier 1

Specialising in M&A transactions in the healthcare, energy, IT, infrastructure and food sectors, Krogerus' M&A practice covers a broad range of complex, cross-border corporate and M&A matters, and is engaged by private equity and real estate investors, financial institutions and leading Finnish and international corporations. Advising clients on acquisitions, disposals and joint ventures, Marcus Möller has a focus on M&A, while managing partner Mårten Knuts handles domestic and cross-border transactions including takeovers, and Sami Martola is an expert in private equity mandates. Jan Johanson advises clients in matters involving growth equity and venture capital elements, and Mika Ståhlberg excels in the finance sector.

Practice head(s):

Marcus Möller; Mårten Knuts; Sami Martola; Jan Johanson

Other key lawyers:


‘A great team with strong legal knowledge and ability to support on a wide range of matters. Krogerus team is not only legally intelligent but combines this in a great manner to pragmatism, always with an easy-going attitude.’

‘Mårten Knuts is simply the best. Intelligent, knowledgeable, pragmatic and great to have on your side. Always willing to support and to provide fresh views, able to think and talk outside of the external counsel box. Has done a lot for the benefit of developing the senior in-house lawyers. Could not expect more.’

‘Relationship and trust minded team with good negotiation skills.’

Key clients

PSG Equity


Volue ASA

TA Associates


Evondos Oy

Harjavalta Oy

Tirinom Oy

Vaaka Partners


Shareholders of Pölkky Oy

Juuri Partners




LocalTapiola General Mutual Insurance Company


JC Switzerland Holding

Nordic Ren-Gas Oy

Copenhagen Infrastructure Partners (CIP)

Work highlights

  • Advised Sampo on its strategic review of Mandatum, which was initially announced in December 2022.
  • Acted for TA Associates (TA) on TA and Warburg Pincus’ acquisition of a majority stake in Epassi Group from majority shareholder Bregal Milestone.
  • Advised Fennia Life Insurance Company Ltd. on its acquisition of Svenska Handelsbanken’s Finnish life insurance business, including investment, pension, and loan protection insurance portfolios.

Finland > EU and competition Tier 1

Krogerus‘team of highly skilled attorneys possesses a remarkable combination of expertise, dedication, and a client-centric approach that sets it apart in the legal field’, frequently assisting with horizontal and vertical competition law arrangements, merger control procedures, procurement work and regulatory matters, as well as dominance issues and state aid assessments. The department is jointly led by the ‘stand out’ Katri Joenpolvi and ‘top-notch professional’ Leena Lindberg; Joenpolvi has extensive knowledge of competition law and proceedings pertaining to cartels and vertical restraints, while Lindberg advises clients on merger control issues and antitrust, state aid and public procurement cases. Simo Autio‘s practice also covers internal market rules and general EU law; he is praised for his ‘excellent and extensive knowledge and insight in his field’.

Practice head(s):

Katri Joenpolvi; Leena Lindberg

Other key lawyers:


‘They are highly competent and have very extensive knowledge of competition law. They are very diligent, analytical and genuinely interested in our business and our best interests.’

‘Simo Autio has excellent and extensive knowledge and insight in his field. It is a pleasure to work with him.

‘Leena Lindberg is a top-notch professional. She is highly capable as well as extremely empathetic and personable – qualities that rarely come together in one person. Leena is undoubtedly one of the best competition lawyers in the Nordic countries – I have recommended her and will continue to recommend her whenever I can.’

‘Krogerus’s competition law team has consistently demonstrated a deep understanding of competition law in Finland. Their team of highly skilled attorneys possesses a remarkable combination of expertise, dedication, and a client-centric approach that sets it apart in the legal field.’

‘Katri Joenpolvi stand outs with her passion to serve customers with the best possible understanding and knowledge.’

‘Simo Autio is an exceptionally talented and hard-working individual with excellent expertise.’

‘Leena Lindberg is a highly qualified and very effective professional.’

Key clients

Viking Line Abp

Lindström Oy

OSM Maritime Group

Medialiitto – Finnish Media Federation

Delivery Hero/foodora

Abloy Oy (part of AssaAbloy)

HKScan Oyj

Finnish Federation for Communications and Teleinformatics FiCom ry

Attendo Oy

LähiTapiola Mutual Insurance Company

Work highlights

  • Acting for Retta Group in court proceedings in a matter where the Finnish Competition and Consumer Authority has proposed an infringement fine for alleged prohibited price co-operation in the real estate management market.
  • Acting for Dahl Suomi Oy in Market Court proceedings concerning a case where the Finnish Competition and Consumer Authority has proposed a fine for alleged prohibited cooperation between companies in the Finnish market for plastic HVAC infrastructure pipeline products.
  • Acting for Isojoen Konehalli Oy in court proceedings following a proposal by the FCCA to impose a fine for alleged illegal resale price maintenance and an order to stop imposing a fixed price on its retailers in the company’s online store.

Finland > Real estate and construction Tier 1

Krogerus' full-service practice offers a comprehensive construction practice and is experienced in assisting with the day-to-day management and development of real estate portfolios, including drafting, amending and negotiating lease agreements. The team excels across all asset types and is well regarded for its work involving the logistics sector alongside expertise in environmental issues and real estate litigation. Department head Joakim Jansson is well versed in real estate and corporate transactions; Marcus Möller represents clients in domestic and cross-border transactions spanning acquisitions, disposals and joint ventures, while Teppo Vuorela is a key name for real estate, construction, zoning, planning and environment matters.

Practice head(s):

Joakim Jansson

Other key lawyers:

Marcus Möller; Teppo Vuorela; Kalle Hakkarainen; Pyry Somervuori; Ilari Mustonen


‘Marcus Möller has extensive knowledge of the field and has excellent negotiation skills. I personally appreciate the no nonsense approach to deal making. Joakim Jansson is also very knowledgeable and has good understanding of commercial issues and is able to provide solid advice when needed. Kalle Hakkarainen is hands down one the most talented individuals of his age group.’

‘Krogerus has competences to assist customers with complex cases. Collaboration has worked smoothly and they are understanding customer needs well.’

‘Marcus Möller & Kalle Hakkarainen form a market leading real estate transaction team. Top-notch level of expertise in the segment, attention to detail, vast experience from past projects and knowledge of customer-specific matters form an unrivalled combination for clients. A team that you would not like to face on the other side of the table.’

‘Two people stand out from the crowd: Partner Pyry Somervuori and Counsel Ilari Mustonen. It has been a privilege and a source of satisfaction to collaborate with both individuals on various projects. Their level of expertise, client comprehension, and commitment are truly exceptional.’

‘Pyry Somervuori’s extremely detail-oriented but at the same time pragmatic commercial approach stands out amongst peers, providing clients with valuable actionable advice and guidance beyond pure legal.’

‘The real estate and construction team of Krogerus is highly knowledgeable and solution oriented. The senior members of the team have excellent knowledge of the market and what issues are relevant and vice versa. The client is safe to rely on Krogerus to get the deal done no matter the situation.’

‘Markus Möller is a strategic negotiator, and his experience shows. Kalle Hakkarainen is extremely hands-on in his approach, and he also possesses excellent market knowledge and the ability to work with different people.’

Key clients



Nyfosa / Brunswick

Taaleri Plc


Alma Property Partners

Northern Horizon Capital



eQ Community Properties



Hemsö Fastighets AB

Swiss Life

Work highlights

  • Advised KKR on its acquisition of a high-quality portfolio of 30 residential properties which comprises over 1,200 residential units from Kruunuasunnot.
  • Advised SRV on its disposal of Finland’s first office skyscraper to Niam.
  • Advised Swiss Life Asset Managers on its acquisition of a hospital property which comprises 18,016 sqm of leasable area from the City of Lahti.

Finland > TMT Tier 1

The technology, data and IP department at Krogerus has deep experience in TMT, including a special focus on data protection and other data regulations, as well as in ICT procurements. Key clients of the group are banks, insurance companies and other financial services entities and institutions. The team is jointly led by Kalle Hynönen, who is well-known for his work in the media sector, and Mika Puittinen who excels in large-scale IT projects and outsourcing arrangements. Juha Pekka Katainen has vast experience in TMT assignments and related disputes and investigations, while Essi Launonen focuses on ICT outsourcings, as well as ICT system and service procurements.

Practice head(s):

Kalle Hynönen; Mika Puittinen

Other key lawyers:


‘Krogerus provides reliable good quality service.’

‘There are business-minded persons who provide high-quality service with a service-minded attitude.’

‘Very comprehensive knowledge of subject matter on which they advise.’

‘Mika Puittinen is a very experienced professional with a good approach to working with clients.’

Key clients

Varma Mutual Pension Insurance Company

O-Pitblast S.A.

Otava Group

Aiforia Technologies Plc

Kotikatu / PHM Group


Rabbit Films

Yleisradio Oy

Work highlights

  • Adviser to leading media and publishing group Otava in data protection, ICT and other media-related contractual matters on an on-going basis.
  • Adviser to Varma in an extensive and complex matter involving a review and evaluation in the field of data protection law.

Finland > Dispute resolution Tier 2

The dispute resolution practice at Krogerus assists clients in banking and finance disputes, M&A litigation, and construction-related disputes; the unit is additionally well regarded for its knowledge of energy sector disputes. Practice head and ‘expert of dispute resolution’ Kirsi Kannaste specialises in commercial dispute resolution with focus on international arbitration, M&A disputes, competition litigation and private enforcement work. Mikko Elonheimo is well versed in private enforcement, construction and intellectual property disputes; he acts as an arbitrator and is an accredited mediator. Thomas Kolster frequently assists in disputes relating to the financial sector, international trade and transport issues.

Practice head(s):

Kirsi Kannaste

Other key lawyers:

Thomas Kolster; Mikko Elonheimo; Teppo Vuorela; Julius Jauhiainen


‘Kirsi Kannaste is an excellent arbitrator with extensive experience of international arbitration, in particular M&A-related disputes.’

Both Kirsi Kannaste and Thomas Kolster, stand out as knowledgeable in international arbitration law and the Nordic legal systems.’

‘Among other things, Krogerus’ lawyers are good at presenting the details of cases clearly and giving a realistic assessment of the success of the case. Co-operation with the Krogerius lawyers is always easy and you can trust that they will handle the case perfectly on time without any reminders from customer side. They always think what is best for the customer.’

‘Kirsi Kannaste, Teppo Vuorela (Counsel) and Julius Jauhiainen (Associate) make a good team, which makes the impossible possible. They all are able to work well on tight schedules without it affecting the quality of work.’

Kirsi Kannaste is an expert of dispute resolution and she always finds the best way of processing the case. Teppo Vuorela has lengthy experience in construction matters and has practical advice on all questions. Julius Jauhiainen is a young lawyer, whose workmanship is at an excellent level despite his young age.

‘Thomas Kolster is really nice to work with and he stands out with his knowledge of court proceedings and eye for relevant details without losing the big picture. Thomas also understands the business of his clients really well.’

‘The Krogerus team availability and flexibility to help customers even with extremely tight schedules has been an important key factor for us.’

Key clients

Danske Bank

Kiinteistö Oy Espoon sairaala


Work highlights

  • Represented Danske Bank as respondent in sanctions related claims from an OFAC SDN-listed Russian oligarch, who sought to allow access to the EU banking system.
  • Acted as counsel to Kiinteistö Oy Espoon sairaala in one of the city’s largest construction projects, where the contract value was approximately €125m, and the value of the disputes related to the project was over €45m.
  • Advising Nuorisosäätiö on approximately 40 claims arising out of the foundation’s insolvency restructuring proceedings.

Finland > Intellectual property Tier 2

Krogerus‘ IP department is a full-service practice with a strong focus on copyright and trade mark matters, including trade mark portfolio management, as well as IP matters concerning the use and commercialisation of data and R&D issues. The department works with various clients in the technology, media, entertainment and telecoms industries, and Alexander Bützow‘s IP practice focuses on the life sciences space. Team head Kalle Hynönen has in-depth knowledge of contentious and non-contentious IP matters in the TMT sector, with a particular focus on advising media clients.

Practice head(s):

Kalle Hynönen

Other key lawyers:

Alexander Bützow; Maria Lanhdenranta


‘The people are extremely knowledgeable and also nice to work with. The customer is well informed of what is going to happen next.’

‘Kalle Hynönen is very knowledgeable and also extremely pleasant to work with. A really nice person to whom it is easy to call or send an email. I never had a feeling that I had a silly question.’

‘Krogerus have established themselves as the quintessential firm to handle all IP-related matters.’

‘We have been fortunate to have been working under the exquisite guidance of Kalle Hynönen for several years. His whole team’s dedication to the practice has been consistently exceptional. Their knowledge and understanding of our industry -and especially on how it’s developing- is very impressive. We couldn’t live without them!’

‘Kalle Hynönen is a very efficient professional in the field of IP rights.’

Key clients

Cloetta Finland

Oy Hartwall Ab

Rabbit Films

Naughty BRGR

Varma Mutual Pension Insurance Company

Unisport Group

Yleisradio Oy

Herantis Pharma Plc.



O-Pitblast (part of Forcit Group)

Alisa Bank

Work highlights

  • Advising Cloetta Finland on the full range of contentious and non-contentious trade mark matters, including managing its entire trade mark portfolio, and assisting with enforcement matters on an ongoing basis.
  • Advising Finland’s largest pension insurance company Varma, on trade mark and other IP matters, including trade mark portfolio management.
  • Acting as global lead counsel for Alisa Bank on its global rebranding project.

Finland > Tax Tier 2

Krogerus' tax practice advises on the tax elements of major private equity, real estate and infrastructure transactions, and has deep expertise in tax and structuring issues associated with fund formations. The team is headed up by Samu Lassila, who focuses on transactional taxes including work relating to capital markets transactions, financing agreements and fund formations; he also handles tax litigation and tax controversy. Antti Lehtimaja has notable experience across the full scope of taxation issues and is particularly well regarded for advice on the taxation of private equity and real estate transactions.

Practice head(s):

Samu Lassila

Other key lawyers:

Antti Lehtimaja; Anniina Konttinen


‘Antti Lehtimaja possesses strong knowledge, is result oriented, engaging and service oriented.’

‘Samu Lassila is brilliant, yet a humble person. Also communication towards the other team members has been smooth, and especially happy to work with associate Anniina Konttinen – she is always ready to help even with the smallest details.’

‘Talented and knowledgeable team.’

‘Knowledgeable partners who keep their clients up to date. Partner Samu Lassila provides great value for their clients.’

‘Proactive and balanced advice when client needs to accept some risk.’

‘The most significant strength of the team is tax questions related to transactions, as well as corporate income tax matters in general. I trust the tax partners expertise; they are well aware of the latest legal practice.’

‘Samu Lassila is exceptionally good in M&A tax and corporate income tax questions.’

Key clients

TA Associates

Copenhagen Infrastructure Partners

PSG Equity

JC Switzerland

BayWa RE

Swiss Life


Voima Ventures

One Equity Partners

CPC Germania / CPC Finland

Work highlights

  • Advised Copenhagen Infrastructure Partners (CIP) on its entry into a partnership with a Finnish developer Myrsky Energia.
  • Advised TA Associates (TA) on TA’s and Warburg Pincus’ acquisition of a majority stake in Epassi Group from majority shareholder Bregal Milestone.
  • Advised PSG Equity on its $175m growth investment in Hostaway.

Finland > Employment Tier 3

Krogerus is equipped to handle all key areas of employment law, assisting with employment contracts and director agreements, dismissals and redundancies, as well as employment and pensions advice and employment-related disputes. The team is led by Carola Möller, who assists clients with all aspects of contentious and non-contentious matters, including day-to-day advice, executive agreements, terminations and reorganisations.

Practice head(s):

Carola Möller


‘Carola Möller’s knowledge and her team quality, resourcing, efficiency & communication is outstanding.’

‘Fast responses, passion about the law, great collaboration, trustworthy and easy to contact. Those are the words that best describe the labour law team at Krogerus.’

‘Carola Möller is a highly motivated lawyer whose knowledge and passion about labour law is noteworthy. She is easy to approach, she makes the matters of the law understandable – collaboration is always pleasant and she is trustworthy. There is no one else I’d rather contact about the labour law issues. No matter how hard the situation is she always finds a way out.’

Key clients


Collector Bank





Norwegian Air Shuttle



Santander Consumer Finance

Work highlights

  • Acted for HKScan in employment disputes and various employment matters.
  • Advised Collector Bank in connection with an outsourcing project and other employment matters.
  • Advised Grano, a Finnish multi-sector company, on various employment matters.

The firm: Krogerus is one of the leading business law firms in Finland, advising Finnish and international clients in a broad spectrum of transactional, dispute resolution and regulatory matters. The firm is particularly apt at issues that pertain to the energy, finance, food and beverage, healthcare, real estate, technology and communications sectors. Krogerus is regularly retained in some of the most challenging and high-profile assignments in the market.

Department Name Email Telephone
Banking & Finance Päivi Toivari +358 (0)44 352 2062
Capital Markets and Public M&A Tom Fagernäs +358 (0)40 522 6594
Commercial Contracts & Outsourcing Mika Puittinen +358 (0)50 395 1673
Competition & Regulatory Katri Joenpolvi +358 (0)50 543 6636
Corporate Advisory Marko Vuori +358 (0)50 553 5174
Dispute Resolution Kirsi Kannaste +358 (0)40 726 5111
Employment & Benefits Carola Möller +358 (0)40 503 8146
Energy Ville Hailikari +358 (0)50 548 0734
Environment Sami Laine +358 (0)44 099 4475
Intellectual Property Kalle Hynönen +358 (0)50 544 8981
Mergers & Acquisitions Marcus Möller +358 (0)44 352 2065
Private Equity Sami Martola +358 (0)40 535 1712
Real Estate & Construction Joakim Jansson +358 (0)50 505 7057
Restructuring & Insolvency Heikki Vesa +358 (0)44 075 3954
Tax Samu Lassila +358 (0)40 037 7088
Technology & Data Kalle Hynönen +358 (0)50 544 8981
Numbers of partners : 30
Number of lawyers : 143