Krogerus advises EQT on a EUR 450 million investment in ICEYE
Krogerus advised EQT's Scaleup Europe Fund on its first investment by co-leading a EUR 450 million investment in satellite imaging company ICEYE. The investment forms part of ICEYE's recently announced EUR 1 billion financing round at a valuation exceeding EUR 10bn.
Finland-based ICEYE owns and operates one of the world's largest synthetic aperture radar satellite constellations, enabling high-resolution Earth observation in all weather conditions, day and night. With a target size of EUR 5bn, the Scaleup Europe Fund is designed to back high-potential European technology companies in sectors such as AI, space, clean energy, biotech, and advanced industrial technologies. It is the largest fund of its kind ever mobilized in Europe.
The Krogerus team was led by Partner Annika Schauman and included Partners Marcus Möller and Jan Johanson, Senior Associates Niclas Ruotsalainen, Santeri Jääskeläinen, Aleksi Yli-Houhala, Laura Tuure-Fallström, Hanna Lehmonen, Essi Hällström and Associates Ulrika Mäkinen, Oliver Pietilä, Lasse Grönqvist, Camilla Kakkola, Aleksi Kärnä, Sari Oravainen, Ada Hård af Segerstad, Fiia Fonsén, Niki Maukonen and Aurora Kokkonen. Partner Marko Vuori advised on corporate law matters, and he was assisted by Senior Associate Markus Laine. Partners Simo Autio and Martina Castrén advised on regulatory matters, and they were assisted by Senior Associate Jonni Tiainen and Associate Regina Sedergren. Partner Samu Lassila advised on tax matters.
