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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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

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.”
2019
Adviser to
and its owners on the sale to ARI-Armaturen
Nordhaven Corporate Finance advised valve manufacturer Högfors and its owners in the sale of the company to ARI-Armaturen Group, a mid-sized German valve manufacturing company. Högfors, established in 1927, is a Finnish manufacturer of high-quality valves for district heating, district cooling and process industries.
It was a pleasure to work with Nordhaven. With their help, we were able to find the best new owner for Högfors, who can support the company’s growth strategy and strengthen its international operations. We are extremely pleased with the outcome and on the way Nordhaven guided us through the process” says Pekka Karhumäki, Chairman of the Board at Högfors.
2019
Adviser to the shareholders of
on the sale to NYSE listed DXC Technology
Nordhaven Corporate Finance acted as exclusive financial advisor to the shareholders of Syscom in the sale to DXC Technology, a Fortune 500 company.

Syscom is an independent provider of service management and security operations solutions and consulting. DXC Technology is an American multinational provider of B2B IT services with an enterprise value of NOK 150 billions. DXC Technology was founded in 2017 as the result of the spin-off of Hewlett Packard and its merger with Computer Sciences Corporation (CSC).

“We have grown Syscom with strategic and dedicated focus on driving customer innovation through service management and security operations skills, management consulting capabilities, talent development and automation,” said Pål Nome, CEO, Syscom. “In joining DXC Technology, our focus and foundation becomes even stronger, while getting global presence and profound product development and innovation. We believe that we have provided the best possible future for both our customers and employees.”

“The acquisition of Syscom greatly enhances DXC’s capabilities within service management and security operations in Norway,” said Joergen Jakobsen, vice president, Northern Europe, DXC Technology. “The addition represents another significant investment for DXC in the Nordics. In Syscom, DXC gains a strong, skilled workforce and a solid customer base – which will further extend DXC’s position as a leading IT-service provider in the Nordics.”

About Syscom:
Syscom is an independent provider of service management and security operations solutions and consulting. Through Syscom’s professional services practice they have driven customer innovation, workflow automation in a secure manner for Norway’s enterprise market for both the private and public sector. Syscom’s strategical technology partners are; ServiceNow, Splunk, BMC and Symantec.

About DXC Technology:
DXC Technology, the world’s leading independent, end-to-end IT services company, manages and modernizes mission-critical systems, integrating them with new digital solutions to produce better business outcomes. The company’s global reach and talent, innovation platforms, technology independence and extensive partner network enable more than 6,000 private- and public-sector clients in 70 countries to thrive on change.


2019
Adviser to Confirma Software, backed by Abry Partners
on the aquisition of Compilo AS
Nordhaven acted as exclusive financial advisor to Confirma Software, backed by Abry Partners, in the acquisition of Compilo AS

Confirma Software is pleased to announce the acquisition of Compilo AS, their fourth transaction in the Nordic enterprise software market.

“The acquisition of Compilo significantly strengthens our presence in the public sector vertical. With this acquisition, we now serve more than 330 Nordic municipalities with critical management systems. We look forward to supporting the Compilo management team in expanding their presence across the Nordic market, and to introduce our existing public sector solutions to the Compilo customers”, says CEO Jarle Mørk of Confirma Software.

With the acquisition of Compilo, Confirma Software will have 2019 revenue of more than 18 MEUR and 132 employees.

Compilo AS is a provider of quality management solutions for the municipal sector. The systems support the implementation and review of required procedures and processes in operating a municipality. In using Compilo´s solutions, the municipalities are compliant with laws and regulations. The systems are currently supporting the operation of more than 220 municipalities.

Confirma Software is a provider of vertical enterprise software solutions across the Nordics. The subsidiaries continue independent operations under current management. Confirma Software will drive value generation through sharing of best practices and resources across the target companies. The company is headquartered in Stockholm. The majority investor in Confirma Software is Abry Partners.

Abry Partners is one of the most experienced and successful sector-focused private equity investment firms in North America. Since their founding in 1989, the firm has completed over $80 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds.
2019
Adviser to
on the sale to Equip Capital
Nordhaven Corporate Finance acted as exclusive financial advisor to Parc Invest AS and its shareholders in the sale to Equip Capital
Parc Invest AS is the largest operator of indoor trampoline parks in Norway. Since establishment in 2016, the Company has opened five “Rush” parks in Norway’s largest cities; Oslo, Bergen, Stavanger, Trondheim and Drammen. The company will open two additional parks in Hamar and Haugesund during the next 12 months.
A majority of visitors are between 6-14 years old and the parks are popular venues for birthday parties and other social events.
With backing from Equip Capital, Parc Invest will accelerate its organic expansion, both domestically and abroad.
The founders of Parc Invest, Petter Haagaas and Otto Vinje, will continue in their current roles in Parc Invest, in addition to remaining significant shareholders in the company.
“We are very excited to have Equip Capital as a new majority shareholder in Parc Invest. The Equip team has an unparalleled track-record within the Nordic retail / FMCG sector. We are confident that Equips capabilities and financial resources will enable Parc Invest to solidify and build on its #1 position in Norway and open the door for geographic expansion.” Petter Haagaas, Founder and CEO of Parc Invest
Co-Founder and Chief Development Officer of Parc Invest, Otto Vinje, adds: “Parc Invest lends its success to a targeted roll-out of a well-proven concept. Opening new Rush Parks in Norway’s largest cities will continue at an even faster pace with the support of Equip.”
2019
Adviser to the shareholders of
Nordhaven Corporate Finance acted as financial adviser to the shareholders of motimate™ in connection with its private placement.

motimate™ is an award-winning SaaS-solution making internal communication and corporate training fun and easy. motimate™ will simplify your workday through effective internal communication, strong cultural development, simplification of everyday tasks and engaging mobile training.

motimate™ is a SaaS solution that's a perfect fit for every company. Over 70 companies and organisations in Europe are users of motimate™. Since the inception in 2017, the number of users have reached more than 24 000 monthly subscribers.

About the new investors:

Investinor is an evergreen investment company funded by the Norwegian government with MEUR 470 under management. In addition, Stayer Invest and a private investor participated in the private placement.

The new investors will be joining Aller Media, Rema 1000 Norge, the founders and employees, as shareholders in motimate™.
2019
Adviser to
on the sale to 4Service
Norvestor backed 4Service strengthens their offering within the premium business canteen segment by acquiring bRest. Nordhaven Corporate Finance acted as sole financial advisor to the shareholders of bRest in their sale of shares and reinvestment in 4Service.

bRest is a well renowned high-end business canteen provider serving the greater part of Oslo. With their core focus on high quality ingredients, food and people they quickly established themselves as a leading player within the premium segment. Today the firm consists of 90 employees and a stable portfolio of highly satisfied customers delivering in excess of MNOK 100 in revenue.

“4Service has within its 9-year history taken a leading position within the facility management industry. With this acquisition we further strengthen our position within the premium canteen segment. In addition, the bRest team with its long track record and high competence will add significant value to our organization as a whole and to our core management team. Product diversification is a core part of our strategy, and with the addition of bRest we are able to increase this even more providing tailored solutions to each client.” – Tor Rønhovde (4Service)

4Service was established in late 2010 by leading characters from the industry. Their core ambition is to offer their clients better products and service than else ware in the industry. Today the group staffs 2 400 dedicated employees and generates in excess of MNOK 1 500 in revenue. The group is owned by the private equity fund Norvestor and the employees

Completion pending on evaluation by the authorities.
2019
Adviser to
on the acquisition of Computer Program Unit Oy
We acted as financial advisor to Abry Partners, a US-based information and business services focused private equity fund, on the acquisition of DL Software and Cash-in Consulting in Vaasa as well as Computer Program Unit (CPU) in Joensuu. The companies have combined revenues of more than 15 million EUR in 2019 and a total of 117 employees.

Abry together with the management of the acquired companies have founded Confirma Software AB, a new Nordic platform focusing on acquiring strong enterprise software companies with specialized offerings for SME customers in the Nordic countries.
Nordhaven's contacts and knowledge of the Nordic software sector has been instrumental for us in realizing this investment. Moreover, the team's support in the execution of the initial acquisitions was of the highest quality" says Rob Nicewicz of Abry Partners.

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
  • Stockholm
  • Birger Jarlsgatan 14
  • +46 72 318 48 50
 
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