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Kaleva Media and Ilkka to Merge Media Operations in Strategic Share Exchange

Competition Law | Employment | IP & Data | M&A | Tax
M&A

We support clients in navigating share exchanges and other complex corporate transactions with confidence.

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Ilkka and Kaleva have today signed a share exchange agreement, under which the companies will merge their media businesses. The corporate arrangement will be carried out as a share exchange, whereby Ilkka Oyj’s subsidiary, I-Mediat Oy, will be fully transferred to the ownership of Kaleva365 Oy. As a result of the arrangement, Ilkka Oyj will own 35% of Kaleva365 Oy, while Kaleva Oy will own the remaining 65%.

The merger aims to strengthen regional media and ensure the continuity of reliable, high-quality, and independent regional journalism. The arrangement also enables sufficient investment in the development of digital media.

“It was a pleasure to advise on a transaction that strengthens the position of regional media in Finland and creates a solid foundation for developing journalistic content in the digital landscape. This arrangement demonstrates how collaboration can lead to sustainable and competitive solutions in an evolving media environment.”
— Kirsi Karvonen, Partner

The legal advisory was led by Partner Kirsi Karvonen, supported by Partners Kaija Pulkkinen (Employment Law) and Olli Hyvönen (Competition Law), Specialist Counsel Tiina Koivisto, Associates Alex Niva (Competition Law) and Josefina Lind (Employment Law), and Senior Legal Trainee Joona Eriksson.

Read more in the official stock exchange release.

We support clients in navigating share exchanges and other complex corporate transactions with confidence.

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Key contacts

Kirsi Karvonen

Kirsi Karvonen

Partner

+358 50 5480730

kirsi.karvonen@eversheds.fi

@https://www.linkedin.com/in/kirsi-karvonen-ent-putkonen-53652613/

Kirsi Karvonen advises clients primarily on M&A and corporate transactions, including asset transfers, share exchanges, mergers, and demergers. Over the course of her career, she has been involved in hundreds of diverse transactions and corporate arrangements. Kirsi also has extensive experience in private equity investments and has advised numerous private equity funds.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Eversheds Sutherland Recognized in Chambers Global 2025 Rankings

Dispute Resolution | IP & Data | M&A
Data & Tech
Dispute Resolution
M&A

Eversheds Sutherland has once again achieved strong rankings in the Chambers Global 2025 rankings, reinforcing our position as a leading international law firm. Our global network has been recognized across multiple practice areas, reflecting our broad expertise and ability to deliver high-quality legal services worldwide. This acknowledgment also highlights our strength in combining deep local knowledge with global legal insight.

Recognition in Finland

In Finland, Eversheds Sutherland received notable recognition in the Chambers Global 2025 rankings in the following key practice areas:

  • Corporate/M&A
  • Intellectual Property
  • Dispute Resolution

Additionally, Chambers Global highlighted the following partners for their expertise and contributions:

  • Petteri Häkkänen
  • Tapio Väätäinen
  • Niina Rosenlund

The Chambers Global rankings are based on extensive research by Chambers and Partners, incorporating client feedback and detailed insights from law firms.

🔗 See the full results on the Chambers and Partners website.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Hartwall Capital Fuels Linkity’s Growth in Payroll and Workforce Management

Employment | IP & Data | M&A
Buy side
Data & Tech
M&A
Saas

🚀 Thinking About Growth Financing?

Let’s Talk.

Whether you’re securing investment, expanding operations, or restructuring ownership, our team helps you navigate complex transactions with confidence.

Contact us

Our team, led by Partner Antti Husa, acted as legal advisor to Linkity Oy and its shareholders in a transaction that strengthens the company’s ownership structure through growth financing from Hartwall Capital. With this investment, Hartwall Capital becomes a significant shareholder, providing the resources to accelerate Linkity’s expansion.

Linkity Oy is a leading Finnish SaaS company revolutionizing payroll and workforce management with automation solutions for shift planning, time tracking, collective agreement (TES) interpretations, and payroll processing. Having grown at over 50% annually, Linkity is now poised for even faster expansion with the support of Hartwall Capital.

Antti-Pekka Vepsäläinen, Co-founder and CEO of Linkity Oy:
“Our long-standing collaboration with Eversheds Sutherland enabled highly smooth and dynamic process management. Their team’s strong experience and deep understanding of the unique characteristics of the SaaS business played a key role in efficiently executing the transaction alongside other advisors.”

Antti Husa, Partner at Eversheds Sutherland:
“It has been a pleasure to follow Linkity’s business development as an advisor for several years. The collaboration during this transaction was intense but always conducted with mutual respect among all parties involved. I believe that Linkity’s shareholders have gained an excellent ownership partner in Hartwall Capital, and with the agreed growth financing, the company is well-positioned to take its organization to the next level while continuing to expand and develop its industry-leading product.”

The transaction team, in addition to Antti, included Senior Associates Linda Stenroth, Lavinia Husa, and Petra Snäll, as well as Specialist Counsel Tiina Koivisto.

Read more on Linkity website (in Finnish).

🚀 Thinking About Growth Financing?

Let’s Talk.

Whether you’re securing investment, expanding operations, or restructuring ownership, our team helps you navigate complex transactions with confidence.

Contact us

Key contacts

Antti Husa

Antti Husa

Attorney-at-Law, Partner

+358 44 750 5657

antti.husa@eversheds.fi

@https://www.linkedin.com/in/antti-husa-72b49036/

Antti Husa has been involved in over a hundred different corporate arrangements, ranging from assisting seed rounds of growth companies to IPOs. He actively serves as an advisor to both sellers and buyers in corporate transactions, and he also participates in the board work of several client companies as a board expert member and secretary.

Expertise includes
Private M&A
Venture Capital Transactions
Corporate and company law
Commercial agreements
Restructuring and Insolvency

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Eversheds Sutherland Finland Earns Top Rankings in WTR 1000 for 2025

IP & Data
IP

We are proud to announce that our Intellectual Property team has once again been highly ranked in the World Trademark Review’s WTR 1000 rankings for 2025.

Eversheds Sutherland Finland has been highly ranked in categories:

• Prosecution and Strategy
• Enforcement and Litigation
• Transactions

The publication highlights our strong reputation in Finland for handling trademark prosecution matters and praises our effective support in complex cases as well as our reliable expertise in protecting and enforcing intellectual property assets.

Leading our IP team, Partner Petteri Häkkänen is recognized in Gold-band as one of Finland’s top trademark lawyers, described as an “IP all-rounder” and “a brilliant litigator always ready to provide insightful advice”.

Senior Associate Lassi Lepistö is noted for his expertise in anti-counterfeiting, handling all stages of the trademark lifecycle from assessments to enforcement and commercial matters. Lassi is recognized in Bronze-band and Recommended in Transactions.

Specialist Counsel Kati Rantala, a skilled litigator with cross-border expertise, is recognized for handling high-profile cases before the Finnish Market Court and Supreme Court. Kati is recognized in Bronze-band.

We are honored to receive this recognition and remain committed to delivering top-tier IP services to our clients.

See the full WTR 1000 rankings on the World Trademark Review website.

Key contacts

Petteri Häkkänen

Petteri Häkkänen

Attorney-at-Law, Partner, Head of IP team, Managing Partner of Heinonen & Co

+358 40 745 7193

petteri.hakkanen@eversheds.fi

@https://fi.linkedin.com/pub/petteri-h%C3%A4kk%C3%A4nen/40/530/7a9

Petteri Häkkänen leads our IP practice with his extensive experience in handling high-profile IP matters. He excels in managing complex legal proceedings concerning all industrial rights, as well as in the preceding conflict management investigations and protection strategies. Petteri typically handles intricate trademark or patent infringement cases, often involving significant cross-border aspects. Additionally, he advises on matters related to trade secrets and unfair business practices.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Kaleva Media and Ilkka to Merge Media Operations in Strategic Share Exchange
News
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Eversheds Sutherland Recognized in Chambers Global 2025 Rankings
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Aisti Corporation Secures €29 Million to Build First Commercial Factory in Kitee

Aisti Corporation Secures €29 Million to Build First Commercial Factory in Kitee

IP & Data | M&A
IP
M&A

We acted as legal and financial advisors to our long-standing client, Aisti Corporation, throughout its funding rounds, including the latest €29 million financing package. This investment marks a major milestone in Aisti’s industrial development, supporting the construction of its first commercial factory in Kitee.

With this new facility, Aisti will bring its innovative natural wood fiber-based acoustic tiles to the modern construction industry, addressing the rising demand for sustainable building solutions across the Nordics and beyond.

Mikko Paananen, CEO & Founder of Aisti Corporation, commented:
“The Eversheds team, led by Antti Husa and Antti Liimatainen, has supported us from the seed round to the successful completion of this A-round. Their holistic advisory—covering legal, commercial, and IPR aspects—along with their long-term commitment to our fundraising efforts, played a key role in securing this milestone investment.“

Partner Antti Husa added:
“Advising Aisti on this investment journey has been an exciting experience. We are proud to support Aisti in all legal and IPR-related matters as they bring their groundbreaking innovation to market—one that will significantly reduce the environmental impact of the construction industry.“

Aisti manufactures patented bio-based acoustic tiles made from wood fiber. These sustainable, high-performing, and cost-effective solutions offer an eco-friendly alternative to traditional mineral wool acoustic panels.

The assignment was led by Partner Antti Husa, supported on the legal side by Specialist Counsel Kalle Klemetti, Senior Associate Lavinia Husa, and Senior Legal Trainee Titta Peltonen. On the financial side, key contributors included COO Antti Liimatainen, M&A Managers Santeri Vaattovaara and Max Tarkkala. Patent Attorney Akseli von Koch played a crucial role in managing Aisti’s patent portfolio and IPR strategy.

🔗 Read more on Aisti Corporation’s website

Key contacts

Antti Husa

Antti Husa

Attorney-at-Law, Partner

+358 44 750 5657

antti.husa@eversheds.fi

@https://www.linkedin.com/in/antti-husa-72b49036/

Antti Husa has been involved in over a hundred different corporate arrangements, ranging from assisting seed rounds of growth companies to IPOs. He actively serves as an advisor to both sellers and buyers in corporate transactions, and he also participates in the board work of several client companies as a board expert member and secretary.

Expertise includes
Private M&A
Venture Capital Transactions
Corporate and company law
Commercial agreements
Restructuring and Insolvency

Antti Liimatainen

Antti Liimatainen

Chief Operating Officer

+358 50 365 1197

antti.liimatainen@eversheds.fi

@https://www.linkedin.com/in/antti-liimatainen-24877115/

Antti Liimatainen is the Chief Operating Officer at Eversheds Sutherland Finland. He has experience in more than 100 Finnish and cross-border corporate transactions.

Expertise includes:
M&A transactions
Financing
Exit readiness
Transaction readiness
Post merger integration

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Net Working Capital in the M&A process
Cases
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The Merger of Meriaura Group Plc and Summa Defence Oy Has Been Completed
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Kaleva Media Has Sold Kolmiokirja Oy to Dutch Keesing Media Group
Cases
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