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

2020
Adviser to the owners and management of
in the sale to EG
Nordhaven Corporate Finance acted as exclusive financial adviser to the management and owners of Holte in the sale to Francisco Partners’ Danish portfolio company EG.

The acquisition is part of an ambitious EG-strategy to digitize the construction industry in Scandinavia. “By combining EG's and Holte's product portfolio we can deliver the best solution to manage the complex processes and data flow within the construction industry”, says Mikkel Bardram, CEO at EG.

Holte is the Norwegian market leader within workflow management software for the building construction industry with solutions that assist construction companies to manage all steps of a construction process from project calculation to complete documentation and follow up. Holte delivered strong and stable revenue growth, with high and increasing SaaS revenue and a solid EBITDA margin.

“EG and Holte are both experts within the construction industry and offer a broad set of modules in an integrated software platform. We transform complex processes into simple intuitive solutions for our customers. By combining the strengths of EG and Holte we create a true Scandinavian champion within software solutions for the entire construction sector”, says Jesper Andersen, EVP, EG Private.

“We see EG as an ambitious strong owner who will invest in the continued development of Holte's solutions in an international market. There is a great potential for a comprehensive digitalization in the construction business”, says Eilif Holte, founder of Holte.

“EG and Holte are a perfect match and our already existing collaboration shows good cultural fit. We share the same focus on long-term customer relationships and high customer satisfaction”, says Aleksander Bjaaland, CEO at Holte.

About Francisco Partners
Francisco Partners is a leading global private equity firm which specializes in investments in technology and technology-enabled businesses. With over $15 billion of capital raised to date, Francisco Partners is one of the largest and most active technology-focused private equity firms in the world.

About EG
EG is a Scandinavian software company with more than 1,000 employees working from 15 skill centers in Scandinavia and Poland. We develop, deliver and service our own software for more than 9,500 private and public clients.

About Holte
Holte is a Norwegian leading supplier of software, services and courses within disciplines such as HSE, quality assurance, building permit applications, estimation, third party control, management, operation and maintenance (MOM) and project management. Holte was established in 1987, has 135 employees and offices in Oslo, Trondheim, Tønsberg og Gdansk.
2020
Adviser to
on the design of an equity-based incentive plan
We designed a new matching share plan for the top management and other selected key employees of Ahlstrom-Munksjö. Ahlstrom-Munksjö is one of the world's leading players in sustainable and innovative fiber solutions.
2020
Adviser to
on the sale to Swedish listed Indutrade Group
Nordhaven Corporate Finance advised Jouka Oy and its owners on the sale of the company to Swedish listed Indutrade Group.

Jouka designs and manufactures ball valves and ball valve units. The company offers customized products with a high degree of customer specific R&D. Customer segments include machine building, marine, processing, and pulp & paper industries primarily in the Finnish market. Jouka’s annual net sales are approximately EUR 6.5 million.


“We are extremely pleased with the outcome of the process” says Risto Lehtimäki, one of the owners and the Chairman of the board at Jouka. “The whole process was extremely smoothly run by the Nordhaven team and it was a real pleasure working with them” he continues.
2020
Adviser to the shareholders of
in the sale of a majority share to FKP Scorpio
Nordhaven advised the shareholders of Nordic Live AS in the sale of a majority share to FKP Scorpio, one of Europe’s leading festival and concert promoters.

The Oslo-based agency Nordic Live AS has sold a majority stake to FKP Scorpio, one of Europe’s leading festival and concert promoters. Nordic Live was founded in 2017 by Erica Leypoldt, Kim Nordbæk, Ottar Schanke Eikum and Joël Schwalenstöcker, formerly at Live Nation, Ultimat Artist, Mentometer and TimeOut Agency. Nordic Live represents 60+ domestic and international acts such as Alan Walker and Gabrielle, and the acquisition offers FKP domestic rosters across the Nordic region. Nordic Live will collocate with the FKP Scorpio Norway team over the course of 2020.

“We have been able to carve out a decent slice of the Norwegian market in just a few years as one of the very few remaining independents. We have done everything ourselves and our own way, but once we met with FKP Scorpio, we immediately knew this was the right partnership to take the company to the next level” says Nordic Live’s founders in a joint statement.

“We are very happy about our teaming up with Nordic Live and the merger with our already strong team in Norway. Their local artist roster will complement our portfolio and will strengthen FKP Scorpio’s importance for the local Norwegian music scene as a reliable partner. We are very excited about the future prospects of our Norwegian branch.”, states FKP Scorpio’s executive director Folkert Koopmans.

About Nordic Live
Nordic Live is Norway’s largest independent agency. Their domestic roster, including artists like Alan Walker, Ina Wroldsen and Gabrielle, did more than a 1000 shows in 2019, amounting to a total turnover of 85 MNOK.

About FKP Scorpio
FKP Scorpio Norway has since its foundation promoted shows across Norway with the likes of Bon Iver, Tame Impala, Biffy Clyro and Brad Paisley.
2020
Adviser to
on the design of long-term incentive plans
We advised Amer Sports on designing several long-term incentive plans for its key employees. Amer Sports is a sporting goods company with brands including Salomon, Arc'teryx, Peak Performance, Atomic, Suunto, Wilson, Precor, Armada, ENVE Composites, Louisville Slugger, DeMarini and Sports Tracker.
2019
Advisor to Kistefos/NexGenTel in the merger between
and Proximo Norge
Nordhaven acted as exclusive financial advisor to Kistefos/NexGenTel in the merger between Proximo Norge AS and Bitpro AS

IT management services firm Bitpro AS to merge with the TMT player Proximo Norge AS. The transaction is the first step in the strategy to build a leading supplier of cloud-based IT communication and security solutions.

Total revenue 2019 of the two companies will amount to MNOK 260 with profitable margins. Kistefos will maintain as majority owner with an 84.8% stake. Shareholders of Bitpro will reinvest large parts of their proceeds and majority seller Trond Bjorvand will enter as new CEO of merged entity January 2020.

«Proximo and Bitpro will continue building on our extensive growth potential after the merger, in addition to realizing synergies between the two. Our continuous efforts in helping client implementing and utilizing modern cloud solutions as part of their daily business processes will be a key focus going forward» says Trond Bjorvand.

About Proximo
B2B vendor of broadband, datacom and telephony.
11 000 customers served by 40 employees located in Bergen and Oslo. Subsidiary of NextGenTel owned by Kistefos.

About Bitpro
National supplier of B2B cloud-based IT management services located in Kristiansand. Among others the first supplier in Norway of Private Cloud solutions from inhouse data centers in 2008. 150 clients served by 20 skilled employees.
2019
Adviser to
and Sentica Partners on the sale to Celsius Holdings
Nordhaven Corporate Finance advised Func Food Group Oyj and its owners, Sentica Partners and private shareholders, on the sale of company to US-listed Celsius Holdings Inc.

Func Food is a Nordic wellness company. Func Food represents a comprehensive portfolio of well-being products which promote active and, healthy
lifestyles by investing in high-quality ingredients and best-in-class food and beverage expertise. The company markets and distributes beverages, protein bars, supplements and superfoods under the brands Celsius®, FAST Sports Nutrition, CocoVi, and FitFarm.

Celsius Holdings, Inc. (Nasdaq: CELH), is a global company with a proprietary, clinically proven formula for its CELSIUS® brand and all its sub-brands. A lifestyle fitness drink and a pioneer in the rapidly growing performance energy sector, CELSIUS has four beverage lines that each offer proprietary, functional, healthy-energy formulas clinically-proven to offer significant health benefits to its users.
2019
Adviser to Viking Venture on the sale of
to Volpi Capital
Nordhaven Corporate Finance acted as exclusive financial adviser to Viking Venture in the sale of Asolvi to Volpi Capital. Asolvi is a European leader in field service management solutions, and Volpi Capital is a specialist European mid-market investor.

The investment will enable Asolvi to continue its expansion across Europe, with the company already having acquired five companies (Tesseract, WS Software, Purpose Software, Vantage Computing, and PC Data) since 2016. The Group is now poised for further growth outside of its core Nordic market
and well capitalized to expand organically and through acquisitions across Benelux, Germany and the UK.

Asolvi is a leading provider of service management software for small and medium-sized enterprises (SMEs) in the field service industry in Europe, employing more than 100 staff in ten offices across Europe. The company was founded in 1991 as Evatic AS in Trondheim, Norway, and has grown organically and through recent acquisitions to reach 1,500+ customers in 30+ countries. It is headquartered in Trondheim, Norway, and is a private company owned by the founders, management, Viking Venture and Volpi Capital.

Volpi Capital is a specialist European lower mid-market private equity firm. Volpi has a thesis-driven approach targeting ambitious businesses using enabling technologies to disrupt traditional B2B value chains. Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million and seeks to drive transformative growth through international expansion and consolidation. The firm, which was founded in 2016 by Crevan O’Grady and Marco Sodi, closed its first fund (Volpi Capital Fund I) in April 2018 with commitments of €185 million.

Asolvi CEO Pål M. Rødseth comments, “We are very excited to have Volpi Capital on board, with their investment enabling us to focus on expansion and further acquisitions, particularly across the UK, Germany, and Benelux regions. The market remains very fragmented with a number of niche players, but thanks to this investment we are in a prime position to bring some much-needed consolidation and become the leading provider of field service management systems for SMEs in Europe.”

Commenting on the transaction, Marco Sodi from Volpi Capital, said: “We are delighted to have the opportunity to work with Asolvi as they consolidate their market-leading position across Europe. The business perfectly aligns to our investment thesis of backing businesses harnessing technologies to improve productivity and efficiency within B2B value chains. Having already expanded successfully into multiple geographies, we see great potential to further internationalize Asolvi into Benelux, Germany and the UK, and look forward to supporting management to strengthen the business’ geographic footprint.”

Partner in Viking Venture and Chairman at Asolvi, Jostein Vik comments: “As the leading Nordic software investor, we at Viking Venture have backed
Asolvi´s growth through acquisitions in the Nordics and UK. Together with Volpi Capital we will continue to support the company consolidating a
fragmented software segment in Europe.”

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
  • +47 901 07 708
 
Contact LinkedinPrivacy Policy
Nordhaven
Website by Almedialt