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. 

 

Get in touch

In numbers

0
Professionals at your service
0
Years of combined experience
0
Transactions advised
0
Equity-based incentives designed
0
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

2022
Adviser to
and its shareholders in the sale to Triton
Neptune Software is a global leading low-code platform with 3.5 million end-users. The platform is used by customers such as Vodafone, Johnson & Johnson and Hitachi.

Founded in Norway in 2011, Neptune offers a best-in-class SaaS solution to industrialise the development of custom business applications, saving customers time and money on development, integration and operations.

“Neptune Software has an attractive SaaS business in a segment that has significant growth potential. LCNC platforms could cover some 75 percent of newly developed business applications by 2025, and the fundamental scarcity of IT-talent and need for efficiencies within organisations make LCNC platforms essential going forward. With this investment we aim to back the company´s further commercial development while also expanding its presence in key geographies” says Per Frankling, Investment Advisory Professional at Triton and member of the TSM II Investment Advisory committee.

Neptune Software today employs about 100 full-time employees across offices in Norway, Germany, UK, and US and has partners in 40 countries globally.

“Co-operating with an international investor such as Triton enables us to further develop our global business ambitions and scale important parts of our commercial organization while continuing to service our current clients with the existing product range. Furthermore, Triton's deep experience from sectors which are at the core also for us will benefit our future client offering.” says Andreas Grydeland Sulejewski, Co-founder and CEO at Neptune Software.

About Neptune Software
Neptune Software is a rapid application development platform vendor with more than 650 enterprise customers and over 3.5 million licensed end users globally that empowers IT departments to deliver tangible business outcomes. Neptune Software offers with its Neptune DXP, a leading low-code, SAP-centric, enterprise app development platform to digitize and optimize business processes and user interfaces – at scale and with ease.

Neptune DXP provides a fast and cost-effective way to industrialize the development of custom applications – saving companies time and money on development, integration, and operations. More information www.neptune-software.com


About Triton
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer and healthcare sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvement and growth.

The 49 companies currently in Triton's portfolio have combined sales of around EUR 18 billion and employ around 104,000 employees. Triton has raised EUR 15.6 billion from 180≈ investors including public and private pension funds, endowments and sovereign wealth funds.
2022
Adviser to
backed by Keensight Capital, in the acquisition of Focus Software
Sogelink joins forces with Focus Software to strengthen its position as a European Construction Technology leader, with the support of Keensight Capital.

Sogelink, a leading provider of software solutions for infrastructure, construction, and property management professionals, acquired Focus Software a Norwegian leader in Building Information Modelling software, to continue reinforcing its leading pan-European Construction Technology offer.
 
Established in 1996 and headquartered in Billingstad, near Oslo (Norway), Focus Software is a market leading Building Information Modelling (BIM) software company. It provides its software solutions to a wide array of clients and over 16 000 users, ranging from private companies (home builders, architects, landscape architects) to engineering consultants within infrastructure and building to public authorities.
 
Focus Software is composed of around 50 highly skilled professionals that have developed and integrated various early stages construction design solutions throughout the years. These include software solutions such as applications or cloud-based collaborative tools that allow, among others, to present digital plan data with the authorized & correct geometry; to prepare land acquisition drawings, tender specifications on graded networks, or building specifications according to specific regulations or frameworks. Since its inception 25 years ago by 6 co-founders, Focus has grown significantly through strong organic growth. Its customer base is developed in the Nordics region, notably in Norway and Sweden.
 
Fatima Berral, CEO of Sogelink, commented: “Focus Software was a natural fit to complete Sogelink’s offer on the project design segment, which intervenes upstream in the value chain. Together, we share a common client culture oriented towards public authorities, construction companies, architects and civil engineers that will help us develop the Group’s presence in the Nordics. Gaining access to this new geography will allow Sogelink to enter a very dynamic and innovative construction market and to reinforce itself on the engineering & BIM software segment.”
 
Pål Eskerud, Chief Executive Officer at Focus, added: “We are very proud to integrate the Sogelink Group in which we have found a solid and trusted partner to keep on developing our presence throughout Europe. We believe they are the best fit for us at Focus Software and we are looking forward to working together and share our knowledge to further shape the future of construction technology.”

 
Jean-Michel Beghin, Managing Partner, & Arjan Hannink, Partner at Keensight Capital, continued: “With this second acquisition, along with the one of LOCATIQS Group, Sogelink is growing at a fast pace to consolidate its position as a real European leader in Construction Technology. Keensight Capital is proud to have contributed once again to this acquisition process and will continue to support the Group in its future development endeavours."
2022
Adviser to
and its shareholders in the sale to Pearl Group, backed by Norvestor
Convert and Pearl Group have entered into an agreement to form a new e-commerce powerhouse. Combined, Convert and Pearl Group, will build a leading e-commerce company combining best-in-class customer journey and technology to ensure customers’ need. The new entity will be named PearlConvert.

PearlConvert will have 110 employees in Oslo, Riga and Gdansk. Pearl Group will after the acquisition have 330 employees in Norway, Sweden, Finland, Latvia, Poland, Ukraine, and Singapore.

“Convert is a company that have proven a lot, to where they have emerged as a leading player within e-commerce in Norway and delivered a large number of e-commerce solutions to reputable companies such as Bohus, Eplehuset and Bjørklund. However, the most important factor for us in Pearl is the competence and culture we met. The focus on how we can create value for customers, and a strong culture for innovation and development was an important reason why we found each other", says Geir Thoresen, CEO of Pearl Group.

"I cannot imagine a better partner for Convert than Pearl Group. Together we will offer our customers unique solutions and competitive terms from a professional environment that is stronger than ever. Our employees will have new development opportunities and new exciting challenges", says Torkel Johannessen, CEO of Convert.

Convert is one of the largest agencies within digital commerce in Norway, with over 75 employees. The company delivers market-leading technology and focuses on long-term customer relationships and value creation for its customers. This has resulted in strong and steady growth since its inception in 2015, and several reputable companies on the customer list.

Pearl Group has developede-commerce solutions for many of the country's largest companies. The solutions include sophisticated "click and retrieve" features that were in strong growth and further intensified during the corona pandemic. The company sees a large and continuous growing market for its services in the Nordic region and has medium-sized and large companies with advanced IT needs as its main target group.

"Pearl Group will grow to a turnover of 1.5 billion NOK by 2026. PearlConvert will be an important part of this development", concludes Geir Thoresen.
2022
Adviser to
and its shareholder in the sale to Waterlogic, backed by Castik Capital
The Pure Water Company is a supplier of water purifier systems for Office & Horeca in Norway and UK, with recent expansion into Sweden and Denmark. The Pure Water Company offers a unique solution for customers who recognize the benefits of having a fully integrated water system built into their building’s infrastructure, providing purified water to multiple dispense points through a single, secure unit.

The acquisition of the business expands Waterlogic’s reach and foothold in the Nordic market and will provide an excellent opportunity to introduce and offer an even wider range of hydration solutions

Mattias Källemyr, CEO Waterlogic Nordic, says, “We are continuing our growth in the Nordic region and can now offer additional solutions that are already trusted and well-recognised in the market. This is strategically important for us as a company, but also provides greater choices for our customers.“

Carsten Albæk, CEO / Head of Sales, The Pure Water company, says, "We are very excited to join Waterlogic and together we become a unique alternative for customers in all segments. The bespoke water solutions that Pure Water provides will add the last piece of the puzzle for Waterlogic’s ability to offer the complete range of water solutions.”

About The Pure Water Company:
Since inception in 1997, The Pure Water Company has provided water purifiers systems to a wide range of customers from start-ups to large enterprises to restaurants and hotels in Norway, Denmark, Sweden and UK. Pure Water provides water purifier systems through both traditional under-the-counter solutions and water purifier systems fully integrated into the buildings infrastructure.

About Waterlogic:
Waterlogic is a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers. Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor.
2022
Adviser to
and its owners on the sale to The North Alliance
Nordhaven advised Finnish digital design, engineering and business consultancy firm Dunning, Kruger & Associates (DK&A) and its owners in the sale to The North Alliance (NoA) backed by Norvestor. DK&A becomes the founding partner of NoA Finland together with Bob the Robot that was also acquired by NoA in a parallel transaction.

DK&A's designers and engineers enable some of the most respected brands to deliver real value to their customers by shipping solutions that actually matter. The company’s clients include Deutsche Bahn, Kesko, Sector Alarm, OP and Wella. DK&A was founded in 2016 and employs 75 people in Helsinki (HQ), Oulu, Wrocław, Poland, and Germany.

NoA is a Scandinavian-born creative-tech player. NoA’s full range of capabilities cover all levels of strategic transformation and helps connect the entire customer journey through business consulting, advertising and communications, digital products and platforms, brand experiences and data-driven marketing. NoA was founded in 2014 and currently employs approx. 1200 people across Denmark, Sweden, Norway, Poland and now Finland. A fund managed by Norvestor invested into NoA in 2018.

With the help of Clairfield’s technology team, buyers were introduced from 12 countries.
Having seen already several similar M&A processes from the past my experience is that they rarely are enjoyable. Against all odds — this process with Nordhaven was. The process went exactly according to the original schedule. We had global reach of over 100 buyer candidates, which we downscaled for 25 best options and met all of them. Iconic global brands having lot of interest on our company. Among the candidates we were able to find perfect business and culture fit, a buyer we wanted to sell our company. What can a client say when expectations are exceeded, hell yeah! We have nothing but respect for the Nordhaven team. They did their part better than we could even imagine” says Tom Jacobsson, CEO of DK&A.
2022
Adviser to
on its EUR 77 million syndicated loan
Nordhaven advised Pölkky Oy on its 5-year EUR 77 million syndicated loan. EUR 18 million was used for refinancing the existing debt and the remaining EUR 59 million facilities amount is available for capital expenditure and working capital. Pölkky is Northern Finland’s largest private wood processing company with around 420 employees and annual turnover of approximately EUR 200 million. The company was founded in 1968 and is currently held by the 3rd generation of Virranniemi family.
This financing enables us to execute our EUR 92 million investment program until 2024, in line with our strategy. We are very satisfied on the outcome and on Nordhaven’s excellent work”, says Petteri Virranniemi, CEO of Pölkky Oy. Nordhaven’s team managed the whole process from planning to execution in a highly professional manner. I can highly recommend Nordhaven”, adds Tuomas Anttila, CFO of Pölkky Oy.
2022
Adviser to
and its owners on the sale to Restel
Nordhaven advised the owners of Classic Pizza and Hangon Makaronitehdas in the sale to Restel.

Classic Pizza was founded in Hanko in mid-1990s, whereas Hangon Makaronitehdas was established five years ago. The owners, Juha Toivanen and Merja Rahkola-Toivanen, developed and expanded the unique casual dining concepts to the main cities and ski resorts in Finland and as of today the chains have total of 23 restaurants. The success of the chains is based on quality, superior ingredients and service offered by committed employees. In 2019 (pre covid) combined revenue of the chains was approximately EUR 15 million.

Restel is a leading restaurant operator in Finland with more than 200 restaurants and approximately EUR 200 million revenue. Restel is owned by Tradeka. Restel’s target is to provide consumers quality experiences and the acquisition is based on its strategy to grow through acquisitions with focus on strong brands.
We thank Nordhaven for very well managed process. In addition to the excellent financial result, we are happy that the chains got a strong and responsible owner who is committed to the values of the businesses that the owners have developed almost 30 years”, says Merja Rahkola-Toivanen.
2021
Adviser to
on its EUR 39 million sustainability-linked loan
Nordhaven advised Terra Patris on refinancing its debt portfolio with a syndicated EUR 39 million sustainability-linked loan. The new 3-year loan facilities agreement with two one-year extension options includes the following sustainability targets:

• Share of renewable electricity out of Group’s total electricity consumption
• Group’s personnel’s average annual sick leave days

Terra Patris Oy is a Finnish family-owned company with subsidiaries in leisure marine industry, construction equipment industry, contract manufacturing and in forestry industry.
Sustainability is increasingly important for our industrial clients and other stakeholders. Linking loan margin to our sustainability targets gives us further incentives and discipline – we are happy to have also financiers as our sustainability stakeholders. Nordhaven’s advice from the project launch to final execution was highly value-adding and we are grateful for their thorough support” says Turkka Hirvonen, CEO of Terra Patris group.

News

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
 
Contact LinkedinPrivacy Policy
Nordhaven
Website by Almedialt