At PCA and Steinvender we are now


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

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


Adviser to
in relation to capital structure
We provided Efore debt & capital advisory consulting. Efore is a Helsinki-listed company which designs and manufactures custom and standard DC power systems and AC/DC power supplies for a wide range of demanding industry applications internationally.
Adviser to
and its owners on the sale to Rusta AB
We advised the Finnish discount retailer Hong Kong and its owners in a transaction where 100% of the shares were sold to the Swedish discount store chain Rusta AB.
Adviser to
on the sale of call center BPO to Eniro Finland
We advised Elisa on the sale of its call center BPO to Eniro Finland, a subsidiary of Swedish listed Eniro Plc.
Adviser to Tradeka in the acquisition of home care, ambulance and staffing of medical personnel businesses of
from Adelis Equity Partners
We advised Tradeka-Yhtiöt Ltd ("Tradeka") in the acquisition of Med Group’s home care services, ambulance services and staffing of medical personnel businesses.

In the transaction, a consortium consisting of Tradeka and Colosseum Dental Group (“Colosseum”), owned by Swiss Jacobs Holding, have agreed to acquire 100% of the shares in Med Group Holding Oy from Adelis Equity Partners Fund I, the company’s founders and management. Tradeka acquires home care services, ambulance services and staffing of medical personnel businesses, while Colosseum acquires the private dental care operations. Tradeka is a Finnish consumer co-operative founded in 1917 with c.230,000 members nationwide in Finland with revenue of €551m and pre-tax profit €108m in 2017.
Adviser to Ratos AB in the sale of
to OpenGate Capital
Nordhaven Corporate Finance advised the Swedish investment company Ratos AB on the sale of Jøtul AS to OpenGate Capital for approximately NOK 360m (enterprise value).

Founded in 1853, Jøtul manufactures stoves, fireplaces and inserts. Jøtul is a world leading brand and with global distribution and strong market positions. Manufacturing mailny takes place in the company´s own manufacturing facilities in Norway, USA and Denmark. Jøtul´s sales and operational EBITA amounted to NOK 898m and NOK 11m, respectively, per rolling 12 months as of September 30, 2017.

The transaction is expected to be completed during the first quarter of 2018.

Ratos was advised by a Nordhaven cross-border team from the Stockholm and Oslo offices.
Adviser to
on the sale to MB Funds
We advised Pohjolan Energia on the sale to MB Funds, the Finnish PE house. Pohjolan Energia is the leading small-scale solar energy system provider in Finland. The fast growing company operates nationwide and provides rooftop solar energy systems as a turnkey solution through its 15 sales offices. Pohjolan Energia employs today more than 150 solar energy professionals and has reached a net sales level of EUR 20 million.
I have been involved in numerous sale processes during my career but the international auction process led by Nordhaven was the best I’ve seen so far. The team’s excellent contact network and convincing professionalism brought the company and its owners very high value added at all stages of the process. We are more than happy with the outcome” comments Pekka Koskelo, Chairman of Board at Pohjolan Energia before the transaction.
Adviser to
on the design of equity-based incentive plans
We advised Ahstrom-Munksjö in designing new long-term share-based incentive plans after merger of Ahlstrom and Munksjö. The plans include a three-year performance share plan as well as a bridge plan to cover the gap in the long-term incentive plan structure, resulting from the implemented merger of the two companies and the related transition to the new plan structure.
Adviser to
on the acquisiton of seafood division of Apetit
We advised Kverva-backed Norwegian Insula AS in its strategic acquisition of the seafood division of Apetit Plc. The acquired business is a major manufacturer of salmon and rainbow trout fish products in Finland and a high-quality fish and shellfish product producer in Norway and in Sweden. In 2016, the acquired division had a turnover of 88 million euros.
From a strategy perspective, this pan-Nordic acquisition giving us a solid position in Finland as a new market was highly important for us. The support and value-add we received from Nordhaven throughout this complex transaction was very substantial. We look forward to working with Nordhaven also in our follow-up acquisitions", Thomas Jessen, Investment Director, Kverva


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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