Mikko Hulkko

Partner, Helsinki


“Mikko Hulkko ‘is one of the best lawyers in the Finnish market. He has very broad legal knowledge and understands the various types of deals and the dynamics behind them.’ He moves into the top band, receiving outstanding plaudits for his expertise in complex and international mandates. He is especially well versed in IPOs and note issuances.”
Chambers Europe


Mikko Hulkko is a partner in the Firm's Capital Markets Group. Mikko has more than 25 years of experience in advising underwriters, shareholders, sponsors and issuers in connection with international capital markets transactions.

Mikko's recent capital markets work has been mainly in international capital markets transactions of Nordic corporates and financial institutions. His extensive experience covers both equity and debt transactions. In the ECM area, he has advised on a broad range of IPOs, secondary offerings, PIPE offerings and block trades. In the DCM area, he has significant experience in Eurobonds, Hybrid Bonds, Equity-linked Notes, Euro Private Placements, EMTN and USMTN programs for Nordic issuers. In addition, Mikko advises clients on public-to-private situations.

As a member of the New York and Finnish Bars, Mikko also advises clients frequently on general corporate and securities law matters, including compliance with US federal securities laws and Finnish company and securities laws.

Mikko is ranked in Band 1 in Capital Markets by Chambers Global/Europe 2020-2023.

He is an active participant in discussions surrounding international capital markets and a frequent contributor to the Firm's industry alerts.

Bars and Courts
New York
Finnish Bar Association
Columbia Law School
Harlan Fiske Stone Scholar
Masters in European Union Law
Katholic University of Leuven
University of Helsinki
Faculty of Law


Representation of Hennes & Mauritz (H&M), as English law and Swedish law counsel, on the establishment of its €2 billion EMTN programme and various issuances thereunder, including the issuance of H&M’s inaugral €500 million green bond in 2023.

Representation of Georg Fischer AG, which offers products and solutions that enable safe transport of liquids and gases, as well as lightweight casting components and high precision manufacturing technologies with the purpose of becoming better every day, on its of EUR 2.1 billion voluntary recommended public cash tender offer for all the issued and outstanding shares in Uponor Corporation, a leading global provider of solutions that move water through cities, buildings and homes.

Representation of Deutsche Bank and Nordea Bank, as joint global coordinators, on the fully-underwritten €570 million rights offering by Finnair Plc, the largest airline in Finland.

Representation of Nordea Bank Abp and Citigroup Global Markets Limited as the joint bookrunners and joint lead managers and OP Corporate Bank plc, Skandinaviska Enskilda Banken AB (publ) Helsinki Branch and Swedbank AB (publ) (in cooperation with Kepler Cheuvreux S.A.) as the co-lead managers in the fully-underwritten approximately €510 million rights offering of Finnair Oyj, the flag carrier and largest airline of Finland.

Representation of Citi, Handelsbanken and Nordea, as underwriters, joint global coordinators and joint bookrunners, on the SEK 13.95 billion (approximately US$ 1.33 billion) underwritten rights issue in Beijer Ref, one of the largest refrigeration wholesalers in the world.

Representation of Neste Corporation, a Finland-based global producer of sustainable aviation fuel, renewable diesel and renewable feedstock solutions for various polymers and chemicals industry uses, on:

  • its €600 million green bond issuance under EMTN programme.
  • its €2.5 billion EMTN programme and the issuance thereunder of €500 million 3.875% green bonds due 2029 and €500 million 4.250% green bonds due 2033.

Representation of DNV AS, a global quality assurance and risk management provider headquartered in Norway, on its voluntary recommended public cash tender offer for all the issued and outstanding shares and stock options in Nixu, a cyber security services company headquartered in Finland.

Representation of Koskisen, a Finnish family-owned wood processing company, on the €141.5 million IPO and listing on Nasdaq Helsinki.

Representation of Kempower, a Finnish electric vehicle fast charging equipment and solutions manufacturer and provider, on its €319 million IPO and the listing of all its shares on the Nasdaq First North Growth Market Finland.

Representation of SEB, BNP Paribas, Citi and Nordea as the joint lead managers on Huhtamäki Oyj's offering of €500 million 4.25% senior unsecured sustainability-linked bond. Huhtamäki is a global provider of sustainable packaging solutions.

Representation of Duell Corporation, a leading Nordic powersports aftermarket distributor, on its €131 million IPO and First North Growth Market Finland listing.

Representation of the underwriters on the SEK 20 billion IPO and listing on Nasdaq Stockholm of Volvo Cars. This was the second largest listing ever on Nasdaq Stockholm by that time.

Representation of Cary Group, a leading vehicle glass service provider offering sustainable car care solutions in the Nordics, UK and Spain, and a portfolio company of Nordic Capital, on its SEK 5.275 billion IPO on Nasdaq Stockholm.

Representation of Norva24, a leading Northern European UIM company, offering UIM services such as emptying services, pressure washing and pipe services in the Nordics and Germany, on its SEK 6.9 billion IPO on Nasdaq Stockholm.

Representation of Carnegie and Danske Bank as the joint global coordinators, and Nordea and OP Corporate Bank as the managers, on the €560 million IPO and Nasdaq Helsinki listing of Puuilo, a Finnish retail store chain.

Representation of Nordea Bank Abp, Citigroup Global Markets Limited and OP Corporate Bank plc as joint lead managers on the €200 million 10.25% capital securities offering and the simultaneous tender offer to all holders of the outstanding €200 million 7.875% capital securities of Finnair plc, the flag carrier and largest airline of Finland. The capital securities were offered for subscription through a book-building procedure and the capital securities were subsequently listed on Nasdaq Helsinki. Following this transaction, Finnair became the first European airline to complete a bond issuance since the outbreak of the COVID-19 pandemic in March 2020.

Representation of Morgan Stanley & Co. International plc, Van Lanschot Kempen Wealth Management N.V. and Zonda Partners AB on the directed share issue of approximately SEK 1,112 million (US$ 121 million) by Hansa Biopharma, a biopharmaceutical company.

Representation of Carnegie as the sole global coordinator and joint bookrunner and Nordea as the joint bookrunner in the initial public offering and listing on Nasdaq Stockholm of the shares in Karnov Group AB, a leading provider of information services and products in the areas of legal, tax and accounting and environmental, health and safety in Denmark and Sweden.

Representation of J.P. Morgan and Skandinaviska Enskilda Banken as joint global coordinators and joint bookrunners and Arctic Securities as joint bookrunner and financial advisor to Tinius Trust in the initial public offering and listing on the Oslo Stock Exchange of the shares in Adevinta ASA, a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries.

Representation of Goldman Sachs, J.P. Morgan and Nordea Bank as the joint global coordinators and joint bookrunners and OP Corporate Bank as the joint bookrunner in the initial public offering and listing on Nasdaq Helsinki of the shares in Kojamo plc, the largest private residential real estate company in Finland measured by fair value of investment properties.

Representation of Carnegie and Danske Bank as joint global coordinators and Deutsche Bank and OP Corporate Bank as joint bookrunners in the initial public offering and listing on Nasdaq Helsinki of the shares in Rovio Entertainment Corp., a Finland-based games-first entertainment company that is best known for its Angry Birds brand.

Representation of Scandinavian Tobacco Group A/S, a world-leading producer of cigars and traditional pipe tobacco, and its selling shareholders, Skandinavisk Holding II A/S and Swedish Match Cigars Holding AB, in the initial public offering and listing on Nasdaq Copenhagen of shares in STG.

Representation of Tokmanni Group Corporation, the largest general discount retailer in Finland measured by number of stores and revenue, and its selling shareholder the Nordic Capital company Cidron Disco S.à r.l. in the initial public offering and listing on Nasdaq Helsinki of shares in Tokmanni.

Representation of Metso Corporation, a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries, in the combination of Metso Minerals and Outotec Oyj, a Finnish listed technology company, under the name Metso Outotec, with the remainder of Metso, Metso Flow Control, becoming an independent separately listed company under the name Neles.

Representation of Munksjö Oyj, a specialty paper company, on the combination of Munksjö and Ahlstrom Corporation, a provider of fiber-based materials, that was implemented as a statutory absorption merger whereby Ahlstrom merged into Munksjö.

Representation of Danske Bank A/S, a Danish financial institution, on its US medium-term note program, including various notes issuances thereunder.

Representation of Stora Enso Oyj on its debut green bond issue under its EUR 4 billion euro medium-term note (EMTN) program. The bonds were issue in three tranches of SEK 1.25 billion floating-rate green notes due 2024, SEK 3 billion floating-rate notes due 2021 and SEK 1.75 billion 1.875% green notes due 2024. Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden construction and paper.

Representation of Epiroc AB (publ), the Sweden-based provider of solutions for rock drilling and excavation, demolition and recycling for the global mining, natural resources and infrastructure equipment and services industries, as issuer on the establishment of its €1.5 billion euro medium-term note (EMTN) program, and notes issuances thereunder.

Awards and Recognition

Band 1 in Capital Markets, Chambers Global/Europe 2023

Tier 1 in Capital Markets, IFLR1000 2023 and The Legal 500 EMEA 2023

Leading Individual, The Legal 500 EMEA 2023

Highly Regarded, IFLR1000 2022