Advising on Sale and Realization of BESS Project

M&A | Real Estate | Tax

May 6, 2026

M&A

Real Estate

Tax

Eversheds Sutherland Finland has advised SMA Altenso GmbH on the sale of the Alapitkä battery energy storage project (95 MW / 220 MWh) to Swiss investor re:cap global investors ag, acting on behalf of the FP Lux European Battery Storage fund.

Battery Park Alapitkä is a stand-alone, utility-scale BESS project developed by SMA Altenso together with Infinergies Finland Oy, with construction scheduled to begin in spring 2026 and operations targeted for 2027. The deal marks SMA Altenso’s entry into the Finnish market.

In addition to the sale, Eversheds Sutherland advised SMA Altenso GmbH on the full EPC delivery of the project. The assignment spanned multiple jurisdictions and legal disciplines — including corporate, real estate, construction, regulatory, and tax matters — and involved advisory throughout the project lifecycle, from development to investment and construction.

The assignment was led by Henrik Sandholm together with Henri Minkkinen, Juha Ilola, Sanni Tirkkonen, Linda Stenroth, Torsti Lakari, Jussi Aranne, Teemu Tomminen, Maria Anttonen, Arttu Liipo, Tuomas Capraro, Leena Pyymäki and Valtteri Välläri.

Key contacts

Henrik Sandholm

Attorney-at-Law, Partner

+358 40 900 2051

henrik.sandholm@eversheds.fi

@https://www.linkedin.com/profile/view?id=16114722

Henrik Sandholm is the Head of Transaction Services team and a seasoned advisor specializing in both international and domestic corporate transactions, as well as transactions in the renewable energy and real estate sectors.

Expertise includes:
Mergers and acquisitions
Real estate
Energy and infrastructure
Commercial agreements
Corporate
International trade

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

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

April 3, 2025

M&A

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.

Key contacts

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.

KB Components AB Expands with the Acquisition of Plastone

M&A | Tax

February 5, 2025

Buy side

M&A

Tax

We acted as advisors to KB Components AB in its acquisition of Plastone, a Finnish-Estonian company specializing in plastic injection molding. This strategic acquisition enhances KB Components’ production capacity, broadens its customer base, and supports its global growth strategy.

📌 KB Components AB – A leading provider of polymer components, serving various industries with advanced manufacturing solutions.
📌 Plastone – A Finnish-Estonian company with expertise in plastic injection molding, offering high-quality solutions for demanding applications.

Our advisory team included Partners Olli Iirola, Peter Salovaara, and Torsti Lakari, along with Senior Associates Teemu Tomminen, Petra Snäll and Lavinia Husa, Associates Sanni Tirkkonen, Fanny Ilveskero and Anna Ahava, M&A Manager Max Tarkkala and Junior Analyst Amos Iirola.

🔗 Read more about the acquisition

Key contacts

Olli Iirola

Partner

+358 40 540 0567

olli.iirola@eversheds.fi

Olli handles diverse cases related to limited liability companies, housing companies and corporate transactions. Olli’s special expertise includes M&A transactions, demanding financing arrangements, structural arrangements, and private equity activities.

Advising on Sale and Realization of BESS Project

Key contacts

Henrik Sandholm

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Key contacts

Kirsi Karvonen

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