Transactions

Transactions

Latest deals

2018
Adviser to
on the sale to Superstruct Entertainment
Nordhaven Corporate Finance advised Flow Festival and its owners in the partial sale to Superstruct Entertainment. Flow Festival, established in 2004, is the leading Nordic urban festival with 84,000 attendants in 2018.
Nordhaven’s team played a key role throughout the process which raised a lot of interest both within the Nordic region and internationally. Nordhaven generated significant value added to us through their high professionalism and strong commitment” says Tuomas Kallio, Chairman of Board and Artistic Director at Flow Festival.
2018
Adviser to
on the design of an equity-based incentive plan
We designed a stock options plan for Detection Technology's key personnel. Detection Technology is a global provider of X-ray detector solutions for medical, security and industrial applications.
2018
Adviser to
on the sale to Visma
About Triangel Solutions:
The company was established in 1999 and has since then been a success in the market by offering innovative cloud solutions for time- and resource management both in the private and public sector. Triangel Solutions develops solutions which automate time consuming and complex work processes and has over 500 clients and 100.000 users in a range of industries. The company has 23 employees and is headquartered in Molde, Norway.

"We are very happy with Triangel Solutions becoming part of Visma. Their innovative cloud solutions and expert competence within time- and resource management is an important strategic addition to Visma and complements our existing service in an excellent way. The company’s vision on automation and simplification of work processes corresponds well with Visma’s strategy and plan for the future, says Nils Vold, Division Director Visma Enterprises."

"The fact that Triangel Solutions’ expertise is becoming part of a larger and international development environment in a client-oriented technology company like Visma, is crucial to ensure a sustainable development of our innovative solutions. That Visma already is so familiar with the client segments we focus on is decisive to new and existing client needs and the requirements for future development and delivery, says Jan Eirik Grøset, CEO of Triangel Solutions AS."
2018
Adviser to
on the sale to Atea
Nordhaven Corporate Finance advised the owners in Sherpa Consulting on the sale to listed Nordic consolidator Atea ASA (ATEA:NO). Sherpa Consulting is one of the largest independent providers of business intelligence and data analytics in Norway.

“As organizations digitalize and store ever more information in their IT systems, they are creating opportunities for real-time intelligence and innovation on a scale which they are only just starting to realize,” explained Michael Jacobs, Managing Director of Atea Norway. “Atea aims to be at the forefront of enabling customers to derive insights and enhance their operations based on the information they now control.”

“Through the acquisition of Sherpa, we are expanding our team to better serve our customers’ growing needs for consulting and support in business intelligence and data analytics. After the acquisition, we will have approximately 100 consultants in Norway specialized in these areas. These consultants are actively engaged with customers on many cutting edge projects," says Michael Jacobs, Managing Director Atea AS.

“We are tremendously excited about the market opportunities which joining an industry leader like Atea will bring,” commented Sigbjørn Høgne, CEO of Sherpa Consulting AS. “Atea is by far the largest provider of IT infrastructure solutions in Norway, and is a trusted adviser for many of the largest companies and public sector organizations in the country.”
2018
Adviser to
on the sale to Superstruct Entertainment
Nordhaven Corporate Finance advised Øyafestivalen and its owners on the sale to and reinvestment in Superstruct Entertainment. Øyafestivalen is one of the largest festivals in Norway, established in 1999.

Superstruct Entertainment, led by CEO James Barton, is a live entertainment platform that owns and operates festivals and live music events under the name of Sziget, Sónar, Elrow and various others. The company is backed by private equity firm Providence Equity Partners, which has $58 billion in assets under management.

“We are happy to have been given the opportunity to become partners with Superstruct and join forces with them at this stage of their expansion, and are confident that our new position will allow us to promote Norwegian music through channels we would otherwise not have had access to while also boosting Oslo as a festival city” says Claes Olsen, booking-manager and co-owner of Øyafestivalen.

“We are delighted to be partnering with Øyafestivalen, one of Europe’s leading urban festivals and the leading festival in Norway. We look forward to welcoming their senior leaders to our management team and continuing to promote outstanding live music events” says James Barton, CEO of Superstruct.
2018
Adviser to
on refinancing and debt capital raising
We advised Tradeka in full refinance of Med Group at the closing of the transaction including all operational facilities.
2018
Adviser to
on the design of an equity-based incentive plan
We designed a stock options plan for Efecte's key personnel. Efecte offers cloud-based (SaaS) service and identity management solutions, supported by professional services.
2018
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.
2018
Adviser to
on the design of equity-based incentive plans
We designed a matching share plan and performance matching plan for the key employees of Pihlajalinna. Pihlajalinna is one of the largest private social and healthcare services providers in Finland.
2018
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.
2018
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.
2018
Adviser to
on the design of an IPO related management incentive plan
We designed an IPO related management incentive plan for Altia's top management. Altia is a leading Nordic alcoholic beverage brand company operating in the wines and spirits markets in the Nordic countries, Estonia and Latvia.
2018
Adviser to
on the design of an all employee share plan
We designed F-Secure's all employee matching share plan. The plan is offered to all employees of F-Secure. F-Secure is a Finnish cyber security and privacy company, with presence in more than 100 countries worldwide.
2018
Adviser to the state of Finland and Governia in the sale of
to Lease Deal Group Oyj
We advised the state of Finland and Governia on the sale of Raskone Ltd to Lease Deal Group Plc., a Finnish conglomerate, for EUR 7.7m (equity value). Raskone Ltd specializes in the servicing and maintenance of utility vehicles. Lease Deal Group Plc. is a Finnish multisector group. The state's revenue from the sale is EUR 7.2 million, which includes repayment of the subordinated loan granted to Raskone. In the same deal, the wholly state-owned special assignment company Governia Oy sold its 15 per cent holding in Raskone Ltd.
2018
Adviser to
on the sale to Axel Johnson
We advised Egil Verne on the sale to Axel Johnson International. Egil Verne is a distributor of vehicle components to the Norwegian market with sales of about NOK100m (€9.6m) and EBITDA of NOK27m (€2.8m). The Enterprise Value of the transaction was NOK176m (€18m) implying EV/EBITDA of 6.5x.

Axel Johnson is a Swedish family business that builds and develops trade and service businesses in the European market. Its Transport Solutions business group comprises leading European providers of cargo securing solutions and vehicle components and had sales of €150m in 2017.

Verne was established in 1950 and it focuses on lighting and electrical vehicle components.

“Becoming a part of Axel Johnson International will allow us to widen our product range and strengthen our market concept. Verne’s knowledge of the Norwegian market combined with Axel Johnson International know-how of the industry and financial strength will give us strong support for future development” says Arno Berg, CEO and sole shareholder of Verne.
2018
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.
2018
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.
2018
Adviser to
on the design of equity-based incentive plans
We advised HKScan in designing new long-term share-based incentive plans for the company's key management. The plans include a three-year performance share plan as the main structure as well as a three-year restricted share plan as a complementary structure. HKScan is a leading Nordic food company, producing pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names.
2018
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.
2018
Adviser to
on the design of an equity-based incentive plan
We designed a stock options plan for Mapvision's top management. Mapvision is a privately-owned Finnish high-tech company specializing in multi-camera technology.
  • 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
 
Contact LinkedinPrivacy Policy
Nordhaven
Website by Almedialt