Finnish M&A market update H1 2022

We have released our second Finnish M&A market update in 2022. In this material, we discuss the recent trends in the Finnish M&A markets and give an overview of the outlook going forward.


  • M&A market in Finland continued to be strong despite the geopolitical tensions arising from the Russian invasion in Ukraine
  • Q2 2022 M&A volumes were burdened by uncertainty, but were still clearly above the start of the COVID-19 crisis in Q2 2022
  • Finnish companies were highly active in M&A during Q1 2022, but Q2 2022 M&A volumes were mainly driven by divestments of Russian operations
  • Finnish IPO activity has slowed down since the record activity in 2021. Low activity is anticipated to continue in H2 2022
  • The decreased attractiveness of IPOs together with record dry powder will support M&A activity going forward

Read the full report

Contact us

Kauko Storbacka

Kauko Storbacka

Partner, CEO, PwC Finland

Tel: +358 (0)20 787 7368

Kimmo Vilske

Kimmo Vilske

Partner, Corporate Finance Leader, PwC Finland

Tel: +358 (0)20 787 7938

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