Bird & Bird advises Evli Private Capital on €6 million investment in Finnish growth company Comadev
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Finland
I am the managing partner in our Helsinki office. I have extensive experience advising on a wide range of corporate, M&A and real estate transactions.
Partner
Finland
I am a partner and head of Tax in Helsinki, advising on domestic and international tax matters in corporate and personal income taxation. In addition, I specialise in advising private equity fund managers and fund investors on legal questions concerning private equity funds.
Partner
Finland
As a partner in our Helsinki office and a member of our Finnish Employment Group, I specialise in all aspects of employment and labour law, including employment related dispute resolution. Our advice is mainly focused on preventive and strategic action.
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International law firm Bird & Bird advised Evli Private Capital on its strategic investment in Comadev Oy, a Finnish growth company specialising in diamond core drilling and sampling for the Nordic mining industry.
Evli Private Capital Fund I, which focuses on the green transition, targets minority investments in companies advancing energy transition, resource efficiency, and circular economy. The investment in Comadev includes both new equity and the acquisition of existing shares, positioning Evli Private Capital as a significant minority shareholder.
Comadev operates surface and underground drill rigs in demanding Nordic terrains, providing high-quality cylindrical rock samples essential for geological analysis, mineral exploration, and geotechnical testing. With approximately 50 employees across its headquarters and customer sites, Comadev has experienced rapid growth, reaching €12.9 million in net sales in 2024—more than doubling its revenue annually between 2021 and 2024.
The Bird & Bird advisory team included partners Mikko Ahonen, Ville Alahuhta and Teea Kemppinen, senior counsel Petteri Metsä-Tokila, senior associates Matias Vikström, Katariina Leino, and Johanna Salonen, and associates Viivi Nissinen, Maria Karpathakis, Jennika Sucksdorff and Joonas Tiger.
Mikko Heikkilä, partner at Evli Private Capital, states: “Bird & Bird’s team, led by Mikko Ahonen, provided seamless and efficient legal support throughout our investment in Comadev – their deep understanding of the particularities of this deal and proactive approach made them a trusted partner in this strategically important investment and we would gladly recommend working with them.”