Strong Deal Flow with Nordic Buyout Funds

5 feb 2018

During the past month, Nordhaven Corporate Finance has completed four transactions involving Nordic buyout funds. This confirms our vision of building Nordhaven as the leading independent pan-Nordic financial advisor. In addition, our Healthcare industry team completed yet another M&A deal in Finland.

Nordhaven was founded when PCA Corporate Finance in Helsinki, Steinvender in Oslo and Navigo Partners in Stockholm joined together to become the leading independent financial advisor in the Nordic region.

Pohjolan Energia - 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 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.

Pekka Koskelo, Chairman of Board at Pohjolan Energia before the transaction, comments: ”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.”

Link to the press release.

 

Wermland Mechanics - Karnell - Hanza

We advised Swedish PE Karnell in the sale of its majority stake in Wermland Mechanics, a Swedish manufacturer of sheet metal components, to HANZA. HANZA is one of Northern Europe's leading providers of Complete Manufacturing Services. The purchase price was SEK 168 million.

Wermland Mechanics is one of Scandinavia's leading contractors within sheet metal processing and offers customized sheet metal details with very high precision. The company has a highly automated machinery for processing small, large and advanced sheet metal articles, which makes the company very competitive. The company has production facilities in Töcksfors and Svanskog and has customers in several industries. Revenue for 2017 is estimated at more than SEK 350 million.

Link to the press release.

 

Eterni - Herkules Capital

We advised Eterni Gruppen, a leading temporary staffing service company, on the sale to Herkules Fund.

Founded in 2011 by Rune Myrseth, Eterni has grown to be the 6th largest staffing service company in Norway. Eterni mainly serves two key industry verticals: the construction industry and the fish and food processing industry. Eterni had revenues of NOK 355 million and an EBITA of NOK 22 million in 2016.

Eterni is one of the leading providers of temporary staffing services in Norway. Together with the management team and all the employees we believe there is great potential to continue growing the business” says Gaute Gillebo, Partner at Herkules Capital.

Link to the press release.

 

Tamtron - Intera - Aito Capital

We advised the Finnish PE house Intera Partners in the sale of its majority shareholding in Tamtron group, a Finnish internationally operating industrial weighing solutions provider, to Aito Capital.

Tamtron provides legal for trade type-approved dynamic onboard scales e.g. for wheel loaders, container handlers and cranes as well as truck & railway scales. In addition, the company offers cloud-based weighing data management. Group revenues were EUR 23 million in 2016.

Link to the press release.

 

Orton - HUS & Mehiläinen

We advised Invalidisäätiö in the sale of Orton to HUS and Mehiläinen.

Orton is a Finnish private hospital specialized in musculoskeletal disorders, pain management, ocular diseases, and therapeutic services. HUS is a Finnish joint authority formed by 24 municipalities, which offers patients in all member municipalities access to specialized medical care. Mehiläinen is one of the largest social care and healthcare companies in Finland backed by Triton and KKR.

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