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

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Professionals at your service
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Years of combined experience
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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

2019
Adviser to
and its owners on the sale to AVK Group
Nordhaven Corporate Finance advised Øyhovden Invest AS in the sale of Furnes Jernstøperi AS to the Danish Industrial group AVK Group. The sale also includes the subsidiaries and sister companies Øyhovden Trading AS and Randers Jernstøperi AS.

Through 40 years of active ownership, the Øyhovden family has been instrumental in the development of Furnes Jernstøperi AS. The family had an ambition to find an industrial, long-term owner with a willingness to support the business going forward. The family is pleased to enter into the agreement with AVK Group, which is perceived as a good fit both in terms of people, competence, energy and the desire for continued long-term development of the business. AVK Group is a solid international industrial player, with a well-recognized value perspective. Øyhovden Invest AS is therefore confident that the company will continue its great development shown in recent years.

Furnes Jernstøperi AS was established in 1958 in Brumunddal, Norway and moved to Stange municipality in 1967, and is today a world-class producer of manhole covers and associated products. Since 2016, the business has grown from a turnover of NOK 234 million (EUR 24 million) to NOK 310 million (EUR 32 million) in 2018, with solid financial results.

About Øyhovden Invest AS

Following the sale, Øyhovden Invest AS will continue to be an active owner in Hamjern AS, Core-tech AS, Container Gruppen Norge AS, Munck Cranes AS and Hamjern Eiendom AS. These companies are expected to have revenue of approximately NOK 420 million (EUR 44 million) in 2019, and currently have about 150 employees.

About AVK Group

With a turnover of NOK 7.2 billion (EUR 750 million), the AVK Group is a global market leader in valves and hydrants, which are part of vital infrastructures in the form of water and gas supply, waste water treatment and fire control, as well as a large number of industrial applications. AVK is family owned and has its headquarters in Skovby / Galten near Aarhus in Denmark. The Group has more than 100 production facilities and sales offices worldwide, and employs just over 4,000 people.
2019
Adviser to
on the design of equity-based incentive plans
We advised Ahstrom-Munksjö in designing a one-off matching share plan for to be offered to key persons and a restricted share plan as a complementary structure for specific situations. Ahlstrom-Munksjö is one of the world's leading players in sustainable and innovative fiber solutions.
2019
Adviser to
and its owners in the sale to Donges Group
Nordhaven Corporate Finance advised Normek Group and its owners, Intera Fund I Ky and private shareholders, in the sale of Normek Oy to German Donges Group. Normek is one of the leading steel building construction and façade solutions companies and operates mainly in the Finnish and Swedish market.
With the help of Nordhaven and its international Clairfield network, we were able to reach out to a wide buyer universe and we found an excellent buyer for Normek” says Vesa Uotila from Intera Partners.
2019
Adviser to
on the design of equity-based incentive plans
We designed a performance share plan as the main structure and a restricted share plan as a complementary structure for specific situations for selected members of the management and selected key employees of Nokian Tyres. Nokian Tyres is a tyre manufacturer.
2019
Adviser to
on the acquisition of N-Clean
Nordhaven Corporate Finance advised Miab Ab, the largest independent cleaning and facility management company in Sweden, in the majority acquisition of N-Clean Oy, a Finnish cleaning company. The transaction creates the leading Nordic cleaning and facility management company with annual revenues over EUR 100 million.
With the help of Nordhaven, we were able achieve all the targets we set for this transaction and even exceed them. The result was excellent for Miab and also for the Nurmi family who are the founders of N-Clean. I am highly satisfied with the work done by Nordhaven. Their strong commitment, personal level involvement and professionalism was impressive and made a decisive contribution to the successful outcome of the transaction” says Paavo Nerg, the founder and main owner of Miab.
2018
Adviser to
on the sale to Verdane Edda
Private equity fund Verdane Edda acquires and merges the two leading Nordic HCM software players - Webcruiter AS and HR Manager AS. Nordhaven Corporate Finance advised the owners of Webcruiter in the sale of their shares to the new group.

HR and recruitment are areas of increasing importance to corporate strategy, and is as much a "retain and develop" knowledge field as recruitment of the best talents out there. Having the right tools at hand for this job is imperative.

"HR Manager and Webcruiter are both very interesting companies with highly modern solutions developed by very skilled teams. The combination of the two will be able to offer even better products and services to new and existing clients throughout the Nordics. We look forward in supporting them in their Nordic expansion with our expertise, network and experience." - Johnny Rindahl (partner Verdane).

Webcruiter AS
Leading Norwegian provider of born cloud recruitment software. 30 employees in Oslo serving 400 clients both within the public and private market. Software handling +1.9 million applications annually from 120 countries world wide. Core strength is integration with other public systems required. Revenue 2018 of MNOK 49 with a large portion of recurring revenue (+85%). New and modern technology platform launched during 2017/2018.
2018
Adviser to
on the acquisition of Idium AS
1881 Group acquires Idium AS and secures the #1 position in Norway within corporate web-pages. Nordhaven Corporate Finance assisted the management and owners of 1881 Group in the transaction.

"This is a perfect match. With the combination of Idium and Develo 1881 we have a portfolio of 4 000 web-pages and by that a clear market leader. The acquisition will strengthen our competence within digital marketing, and completing our online service offering to corporations" - Asgeir Ohr (CEO 1881 Group AS)

"The acquisition of Idium is an important step for 1881 Group enabling them as a full scale service provider to the SMB market" - Gunnar Jacobsen (Investment Director Kistefos)

Idium AS
Digital marketing agency serving the Norwegian SMB market with both marketing advisory and web-page services. Revenue 2017 of MNOK 66.

1881 Group AS
Norway's leading provider of personal and corporate information (phone numbers, addresses, real estate prices, company financials, etc) - both digital and traditional. Weekly used by more than 1.4 million Norwegians. Fully owned by the private investment company Kistefos. Revenue 2017 of MEUR 38.

2018
Adviser to
and its owners on the sale to Nimbus Boats AB
Nordhaven Corporate Finance advised Bella-Veneet owners, Raimo Sonninen and his family as well as Brunswick Corporation (NYSE: BC) in the sale of all shares in the company to Swedish Nimbus Boats. Bella-Veneet Oy has been operating under Raimo Sonninen’s leadership since 1970. The company’s collaboration with Brunswick Marine, the manufacturer of Mercury engines, began in 2003 when Brunswick became a minority shareholder in Bella-Veneet.
With the help of Nordhaven we were able to find an excellent result for the company and its owners. I am truly impressed by the work done by Nordhaven" says Raimo Sonninen, the founder and main owner of Bella-veneet.

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 21 50 70 00
  • Stockholm
  • Östermalmstorg 1
  • +46 85 025 6700
 
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