At PCA and Steinvender we are now

Nordhaven

We are an independent Nordic Corporate Finance advisor with over 20 years of on-the-ground presence and advisory experience in each of our markets.

When you have complex strategic decisions to make -

we give you valuable advice. 

 

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In numbers

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Professionals at your service
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Transactions advised
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Equity-based incentives designed
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International partner offices

What we do

When it’s time for your company to grow, change, and when there are tough decisions to make, we will help you. 
Our services cover all the phases of your business cycle and business development. 
With us, you’ll never walk alone.

Transactions

2021
Adviser to
and its shareholders on the sale to Sweco
Nordhaven advised Linja Arkkitehdit and its shareholders in the sale of the company to Sweco. Linja Arkkitehdit is one of the leading architecture companies in Finland. Linja Arkkitehdit offers versatile architectural and principal design services including building and interior design as well as land use planning and zoning for both new and renovation construction projects. The company has grown profitable every year since founding in 2006. It has over 60 employees in three locations. With the acquisition Sweco becomes one of the largest architecture companies in Finland. In total, Sweco Group has around 1,400 architects and landscape architects and is one of the world’s five largest architecture firms.
Nordhaven studied our company meticulously and developed a deep understanding of business in architectural field. With their help we were able to find Linja Arkkitehdit a new owner that shares our values and vision of good corporate culture. We could not have imagined a better advisor for us” says Ville Niskasaari, CEO of Linja Arkkitehdit.
2021
Adviser to
on amendments to EUR 13,2 million senior secured bond
Nordhaven acted as financial adviser for Sotkamo Silver on amendments to its EUR 13,2 million senior secured bond. The amendments were supported in a written voting procedure by the noteholders representing over 96 % of the nominal amount of the notes. The listed parent company Sotkamo Silver AB owns, through its Sotkamo Silver Oy subsidiary, the Silver Mine in Sotkamo which started production in March 2019 and has reached full production capacity.
The approved amendment will improve our financial flexibility for the strategy execution. We are very pleased with the outcome achieved with Nordhaven’s thorough support”, says Erkki Kuronen, CEO of Sotkamo Silver. ”The bond amendment process through formal written voting procedure was executed in a very short timeframe. Nordhaven managed the whole process, including investor communications, in a highly professional manner”, adds Mikko Sopanen, CFO of Sotkamo Silver.
2021
Adviser to
on fairness opinion for acquisition of NettiX
Nordhaven provided a fairness opinion for Alma Media in relation to acquisition of Nettix Oy from Otava Group. The enterprise value of the acquired business was EUR 170 million. Nettix business consists of Finland’s leading motor vehicle marketplaces, such as Nettiauto, Nettikone and Nettimoto. Its revenues were EUR 22.5 million and EBITDA EUR 11.2 million in 2020.
2021
Adviser to
and its owners on the sale to Orkla
Nordhaven acted as financial advisor to the owners of Seagood Oy Fort Deli in the sale of its majority to Orkla. Henrik Poulsen, will continue as the CEO and minority shareholder in the company with the aim as part of Orkla to grow and strengthen presence in the Finnish food service and out-of-home markets.

Seagood Oy Fort Deli, established in 1996, is a food product sales company focusing on food recipes and solutions for its customers across the HoReCa sector. Fort Deli’s offering consists of own and imported brand products and the company is well known for Hank’s Sauces, Nonna’s Sauces and Texas Pete Hot Sauce. In addition, the company is an established supplier of frozen products, sauces and condiments. In 2020 the company had sales of 8.7€ million.
Nordhaven provided a very professional hands-on advise. Their work was crucial in closing the deal with a large corporate and guiding us through buyer’s demanding acquisition process. The transaction process was on the one hand a tough experience but on the other hand it was enjoyable to reach a transaction in great spirit with all parties and their advisors” says Henrik Poulsen, CEO of Seagood Oy Fort Deli.
2020
Adviser to
in the acquisition of KeyNet AS
IT management supplier Bitpro strengthens their position within data communication through the acquisition of KeyNet. KeyNet has a strong position within the private sector with several blue-chip clients and holds the ability to serve complex client structures with high geographical dispersion. A position they have built up over multiple years through deep technology know how.

“Best in class customer success and the ability to serve clients with multiple locations is a cornerstone in our strategy, both of which lies in the center of the business model for KeyNet. Hence the match between the two companies is very good and the transaction represents an important step in our strategic development. We are looking forward to continue building the product portfolio and strengthening our customer base together” – Trond Bjorvand (CEO Bitpro).

“Bitpro provides a broad specter of IT and communication services with multiple similarities to our business model and philosophy within the data communication niche. We see multiple commercial and operational synergies and are looking forward to utilizing them together. We will continue providing our clients with best-in-class customer care, in addition to new products enabled by the merger.”

“We see a very good match between KeyNet and Bitpro. KeyNet holds the same business goals as us and have over a longer period of time show the ability to establish, build and maintain strong customer relationship to blue chip clients. We look forward to further build and expand the new company with the client in the front seat.” – Gunnar Jacobsen (Investment Director Kistefos).

Combined revenue in 2020 for the two entities will amount to approximately MNOK 290 with good profitability. The sellers will reinvest large parts of their proceeds and will post merger hold a 13,4% position in the new company. Kistefos remains the majority shareholder with 73,5%, while the remaining 13,1% is owned by other key employees.
2020
Adviser to
in the acquisition of DIAS
Nordhaven advised Alma Media in the acquisition of 75% shareholding in digital housing transaction service DIAS Oy.

Founded in 2018, DIAS is a digital housing trading platform for the residential real estate market connecting buyers, sellers, real estate agents and banks. DIAS is one of the first distributed ledger technology (DLT) services to be completed in Finland. In 2020, the company’s turnover will amount to approximately EUR 2 million.

The purchase price is EUR 14.3 million (75.5% of the Enterprise Value). The parties have also agreed on a potential earn-out linked to the future development of DIAS’s business operations and profitability. Alma Talent acquired the shares from Tomorrow Tech, the co-founder and current majority shareholder of DIAS as well as the founding banks OP, Danske Bank A/S, Aktia Bank Abp and S-Pankki Oyj. After the transaction Alma Talent owns 80.5 per cent and the aforementioned banks retain 19.5 per cent of the company’s share capital.
2020
Adviser to
in the sale to Röko
Röko has acquired Ekstralys AS, an e-commerce retailer based in Lindesnes, Norway.

Ekstralys is a leading e-commerce company in Norway within vehicle lighting and the company has during the last two years expanded to Sweden, Denmark and Finland. Ekstralys’s scalable setup and tech-oriented operation have allowed for profitable, +35%, annual growth.

Ekstralys was founded in 2004 and has been managed by the founder who will continue as Managing Director.

About Röko
Röko is a Swedish based investment firm with 270 MEUR in committed capital. With ambition to be a true long-term owner of European small- and medium sized business. Röko has local presence in Sweden, Norway, and Germany.
2020
Adviser to
in the acquisition of Geomatikk
Nordhaven Corporate Finance acted as financial adviser to Hg in the acquisition of Geomatikk.

Geomatikk is a tech-enabled services champion, managing critical ‘check-before-you-dig’ safety assessments to network owners, contractors and consulting engineers within Norway, Sweden and Finland.

Hg will support Geomatikk with its extensive experience in scaling tech champions across Europe. Hg will become the majority investor, with founders and management remaining as significant investors in the business. The full terms of the transaction are not disclosed and closing is subject to obtaining relevant regulatory approvals.

About Geomatikk Group

The Geomatikk Group is a leading tech-enabled services provider delivering solutions and services to manage safe excavations, before-you-dig-requests, Utility works and Street works. The group operates in Norway, Sweden and Finland, and is establishing itself in the UK. Geomatikk is protecting the infrastructure for more than 300 network owners, handling 2 million transactions and more than 250 thousand physical field detections annually. Network owners, municipalities, contractors, civil works designers and other stakeholders collaborate and interact on the Geomatikk digital platform to optimize their construction projects and minimize asset strikes.

About Hg

Hg is a leading European investor in software and services, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $30 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 30 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 30 software and technology businesses, comprising over 35,000 employees across the UK, US and Europe.

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International Network

At Nordhaven, we have been the exclusive Nordic partner of Clairfield International since 2012, and we have partners in over 20 countries.

Clairfield network
  • Helsinki
  • Eteläranta 12
  • +35 8 207 613 910
  • Oslo
  • Hieronymus Heyerdahls gate 1
  • +49 901 38 832
 
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