Nordhaven advised Dunning, Kruger & Associates in the sale to The North Alliance

15 mar 2022

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.

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.

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.

We were privileged to advise one of the leading firms in the industry. We are happy that together with our partners in Clairfield International we were able to provide DK&A and its owners so many good alternatives to choose from. Transaction with NoA meets all criteria set by DK&A” says Juha Raunio, Managing Partner at Nordhaven Finland.

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