Nordhaven advised Versowood on renegotiating its EUR 80 million senior debt portfolio

15 oct 2020

Nordhaven advised Versowood to create a stronger financial position through renegotiating its EUR 80 million senior debt portfolio. Versowood is the largest family-owned forestry company in Finland with around 800 employees and annual turnover of approximately EUR 400 million. Versowood operates with business areas in Sawn timber, Glulam products, Wood packaging, Infra, and Energy.

Ville Kopra, CEO of Versowood Group Oy:

Coronavirus and recent strikes in the forest industry sector had significant impact on the overall market conditions. We wanted to be far-sighted and reach a funding solution that bolsters our on-going operations. We are pleased with the negotiation outcome that was achieved with Nordhaven’s extensive support throughout the process.”

Nordhaven’s Debt and Capital Advisory in brief

Nordhaven provides independent debt & capital advisory to private and public companies as well as private equity clients. Our dedicated senior team has relevant hands-on experience and deep relations to various banks, institutional investors, debt funds and other alternative capital providers.

Many companies will need changes to their current financing structure and terms in the near future. As an independent and unconflicted advisor we can be instrumental in arranging a balanced financing package that works for the owners, the businesses, and the financiers.” says Kalle Helander, partner at Nordhaven.

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