Borenius

Finland

IFLR1000 Reviews

Financial and corporate

Established in 1911, Borenius is an independent Finnish firm based in Helsinki but with offices St Petersburg, London and New York.

 

Focusses / specialisms

The firm is one of Finland’s leading firms for all areas of financial, corporate and project development advice.

 

Key clients

Some of the firm’s recent key clients include Nordea Bank, Barclays Bank, SEB, Deutsche Bank, Neoen, Agnico Eagle Mines, Octopus Renewables, Func Food Group, Freeport-McMoRan and Neste Corporation.

 

Research period review: 30th edition (2019/2020)

In banking work during the research period the firm advised private equity firms, real estate investors and lending financial institutions in acquisition financing and revolving credit facility refinancing, with most transactions in the energy and real estate sectors. 

In capital markets work was active in the IPO space for listings on the main market and Nasdaq Helsinki’s First North marketplace, with EQT’s exit IPO from Musti Group representing joint global coordinators and underwriters being a notable deal. In debt work it acted for leading banks and issuers in debt financing, advising on multicurrency bond issuance programmes and a mix of green hybrid, high yield, and floating rate bond issuances.

In M&A and private equity the firm acted on deals in the healthcare, energy, timber, maritime, hospitality and technology industry sectors, advising listed companies, investment funds and shareholders, boards of directors, targets, sellers and buyers in transactions. 

In project development work the firm mainly advised on mandates in renewable energy and mining, advising on wind farm construction, power purchase agreements, LNG gas terminals and various mine expansion projects.

The firm also saw cross-border insolvency and restructuring work advising creditors, debtors and banks in retail, insurance, real estate, consumer goods, waste-to-energy projects and construction sectors. The firm also acted as bankruptcy estate administrator in many proceedings.

Borenius opened a London office within the research period.

 

Deal highlights: 30th edition (2019/2020) 

Citycon €350 million hybrid green bond issue

Componenta restructuring 

Elenia Finance €3 billion bond programme

Havator Group €29 million floating rate bond issue

Kemira Oyj €400 million refinancing 

Metso Mineral / Outotec merger 

Musti Group IPO 

OP Life Assurance / Pohjola Insurance €139 million acquisition of Terveystalo

 

Client feedback: 30th edition (2019/2020)

Capital markets : Equity

“In their cap markets team the two key individuals Juh and Ari are excellent lawyers, have sound business judgment and they wish to make things happen. Furthermore they are easy to work with.”

“Borenius is very strong in capital markets led by the indomitable Juha. The firm is also very responsive.”

“Strong technical skills.”

“Service minded and commercial.”

“Customer oriented with excellent customer experience, flexible and highly efficient.”

 

M&A

“Technically brilliant advice, with a dollop of pragmatic commentary and, importantly, insight into the posture of regulators.”

“Quick learning, adjustable and know-how.”

“Very professional, detailed, hard-working and extremely reliable. Mr Jyrki, Mr Juha and Mr Stenman all scored very high in their contributions.”

“Very professional team, reliable and easy to work with.”

“Overall project coordination, participation in the negotiations, cost control of the legal advice etc. All went very well and smoothly.”

“Efficiency and solution oriented hands-on approach with right staffing balance.”

“Very knowledgeable, responsive, reliable and clearly on clients side.”

 

Project development

“Borenius' team demonstrated good tactical understanding of the tasks given for them and provided useful advice.”

 

Restructuring and insolvency

“Clear advice.”

“Great legal knowledge with respect to all aspects of insolvency law. Also really impressive work in voluntary distress packages.”

 

Christian Fogelholm

“Comprehensive understanding and experience.”

 

Johannes Piha

“Problem solving, coordination, negotiating and communications skills. Can use other experts in their law firm very well.”

 

Juha Koponen

“Juha is easy going and positive person. He is extremely knowledgeable in capital markets space also when it comes to US law. He is very good communicator and takes the feedback received seriously.”

"Juha is a very strong lawyer and collaborator; he is well-connected in the market and has worked on many of the most significant IPOs in the market in recent years. He leads a strong team."

“Strong technical skills, responsive and solution oriented.”

“Juha Koponen is a client focused lawyer that is always willing to solve the client's problem. He is also active towards the client and stakeholders, which gives a good impression.”

“Very easy to work with, reliable, timely and detailed. I got an impression that Juha was really working with us, not only for us.”

“Very reliable, easy to work with and timely with his responses. A great lawyer.”

“Juha is clearly a professional. Always available for client and very responsive and easy to work with.”

 

Jyrki Tähtinen

“Adept at navigating foreign clients through Finnish law requirements, with a significant element of practical advice. Also extremely well connected meaning Jyrki can provide insight into regulatory approaches and developments.”

“One of the most senior legal minds in Finland actively engaging in customer advisory.”

“Calm, collected and a senior deal maker.”

 

Kasper Herler

“Good overall understanding of the needs of the clients and has a proactive approach.”

 

Robert Peldan

“Explains difficult matters in understandable way. Super effective and easy to work with.”