References

CAG has completed over 500 cases. More references will be added on this page.

ABB Management Consulting Oy

Valuation for acquisition

Airfix Aviation Oy

Independent Business Review

M-Plast Oy

Expert opinion for the Arbitration court

Paloheimo Oy

Ownership arrangement

Upofloor Oy

Second opinion statement on a sales process

Vacon Oyj (Vaasa Control Oy)

Ownership arrangement

Gemalto Oy (Setec Oy)

Business plan

Finnair Oyj

Management training on the portfolio strategy

Eyemaker's Finland Oy

Business plan

Saga Furs Oyj

Incentive scheme

Finnish Central party

Business Due Diligence

Isku Oy / Lundia Oy

Synergy analysis

Junttan Oy / Sinituote Oy

Acquisition process

Luhta Oy

Business plan

Saga Furs Oyj

Business benchmark in Europe

Radiolinja Oy

Second opinion on valuation

Brandt Group Oy

Portfolio analysis

Fazer Oy

Second opinion on a feasibility study

VTT Expert Services Oy

Market analysis

Koskisen Oy

Independent Business Review update

Saga Furs Oyj

Business analysis and strategy process

Vaasan Oy (Vaasan & Vaasan Oy)

Ownership arrangement (advisor to the management)

Versowood Group Oy (Vierumäen Teollisuus Oy)

Feasibility study

OnePartner Oy

Business plan

Flowrox Oy (Larox Flowsys Oy)

Business plan

Finnvera Oyj

Business analysis on a client company

Auramo Oy

Second opinion on valuation

Huippupaikat Oy / Eisu Oy

Financial arrangement

Reka Kumi Oy

Financial arrangement

Airfix Aviation Oy

Divestment

Conorin Oy

Information memorandum

Jospak Oy

Pre-feasibility study

Nordea

Collateral valuation

Amer Sports Oyj

Incentive scheme / Remuneration scheme for the Board of Directors

Levin Levi-Market Oy

Valuation

Arvo Piiroinen Oy

Ownership arrangement

Sponda Oyj

Incentive scheme

Reka Kaapeli Oy

Feasibility study

Isku Interior Oy

Acquisition

Nestor Cables Oy

Financial arrangement

Vaasan Oy (Vaasan & Vaasan Oy)

Financial arrangement for MBO

Apetit Oyj
(Lännen Tehtaat Oyj)

Advisory and analysis regarding debt covenants

Citycon Oyj

Incentive scheme

Petrasol Oy

Business plan / Information memorandum

Flowrox Oy (Larox Flowsys Oy)

Valuation

Paloheimo Oy

Divestment of Lundia Oy

Tamglass Oy

Market analysis

YIT Oyj (YIT-Yhtymä Oyj)

Incentive scheme

The Ownership Steering Department in the Prime Minister’s Office

Valuation

Apetit Oyj (Lännen Tehtaat Oyj)

Financial arrangement

Ministry of Transport and Communications

Corporate governance system

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Business plan

Suomen Autokatsastus Oy

Ownership arrangement (advisor to the management)

Suomen Turkiseläinten Kasvattajain Liitto

Business analysis

Neo Industrial Oyj

Independent Business Review

Finnair Oyj

Valuation of a business unit

Sitra / Finnvera Oyj / TeknoVenture Oy

Business analysis on a client company

Himos-yhtiöt

Financial restructuring

3i Group (Start Fund of Kera Oy)

Information memorandum / Business analysis on several investment targets

Evia Oyj

Incentive scheme

Reka Oy

Feasibility study

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Divestment

Metsähallitus

Divestment of a subsidiary

Hydnum Oy

Information memorandum / Business analysis on an investment target

Isku Interior Oy

Feasibility study, Moscow

Pouttu Oy

Incentive scheme

Huippupaikat Oy

Valuation for divestment

Medix Biochemica Oy

Incentive scheme

Saga Furs Oyj

Analysis of the financing function

Skaala Group Oy

Ownership arrangement

K.Hartwall Oy

Synergy analysis

Fazer Oy

Valuation of the Baltic bakeries

Meda AB

Acquisition

Paloheimo Oy

Corporate governance system

PNM-Holding Oy

Independent business review

Suomen Posti Oyj

Acquisition process

HealthEx Oy

Information memorandum

Finavia Oy

Business analysis

Paloheimo Oy

Portfolio analysis

Saga Furs Oyj

Supplier survey and market analysis

Finnvera Oyj

Business development

J. Kärkkäinen Oy

Independent Business Review

Lapland Hotels

Valuation of an acquisition target

Reka Kaapeli Oy

Independent Business Review

Lapland Hotels Oy

Portfolio analysis

Silta Solutions Oy

Information memorandum update

Espotel Oy

Incentive scheme

Skaala Group Oy

Sale of the company

Nefco / Swedfund International AB

Advisory statement of valuation

Sormat Oy

Business plan

Master's Innovations Oy

Business plan

Solagem Oy

Incentive scheme

Arvo Piiroinen Oy

Portfolio analysis

Onninen Oy

Corporate governance system

Järvi-Suomen Portti Osuuskunta

Valuation

Tampereen Teknologiakeskus Hermia Oy

Financial arrangement

Arvo Piiroinen Oy

Advisor to the management

SAV-Rahoitus Oyj (Suomen Autovakuus Oy)

Financial arrangement

Reka Oy

Industry arrangement

Wintertestcenter Oy

Financial arrangement

Fazer Oy

Synergy analysis

Vacon Oyj

Business plan

Ministry of Transport and Communications

Training for government ownership steering

KoskiPower Oy

Valuation

Posti Group Oyj

Divestment

Airfix Aviation Oy

Business analysis

Isku-Yhtymä Oy

Divestment of Direktlaminat AB

Nuukari Oy / SoliferPolar Oy

Business analysis

Solagem Oy

Financial arrangement

Airfix Aviation Oy / Merropoint Oy

Advisor services in VAT related matters

LTM Company Oy

Business plan

Ministry of Economic Affairs and Employment of Finland

Training for company analysts

Reka Oy

Ownership arrangement

Arctech Helsinki Shipyard / Algador Holdings Ltd

Ownership arrangement of Helsinki Shipyard Oy

Tampereen Teknologiakeskus Hermia Oy

Development of seed funding system

Posti Group Oyj

Business plan for divestment

HealthEx Oy

Independent Business Review

Posti Group Oyj

Portfolio analysis

Paloheimo Oy / Fenestra Oy / Tiivi-tuote Oy

Synergy analysis

Sotkamo municipality

Feasibility study

Sitra / Business Finland Oy (Tekes Oy)

Industry arrangement

Puhos Board Oy

Financial arrangement

Apetit Oyj (Lännen Tehtaat Oyj)

Portfolio analysis

Oviku Oy

Business plan

Järvi-Suomen Portti

Valuation

Suomen Autokatsastus Oy

Business plan and information memorandum for privatisation

Nordea Bank Ab

Collateral valuation

Lankapaja Oy

Ownership arrangement

Nurminen Logistics Oy

Debt portfolio analysis

MTV Oy / Uutisvirta Oy

Advising on a joint-venture process

Inion Oy

Financial arrangement

CapMan Oyj

Market analysis

Fazer Oy

Acquisition target analysis

Destia Oy

Incorporation process

FIT Biotech Oy (Finnish Immunotechnology)

Advising on a joint-venture process

Teknos Group Oy

GORI Industry -business acquisition from Dyrup A/S

Högfors Oy

Valuation

The Ownership Steering Department in the Prime Minister’s Office

Market analysis on Finnish shipbuilding industry

Junttan Oy

Equity and debt financing of  EUR 43 million

Vacon Oyj

Valuation and advisory in ownership arrangement

Solagem Oy

Business plan

Solagem Oy

Acquisition of a company

Asianajotoimisto Karvo, Mella & Salo Oy

Valuation for the Arbitration court

Finndomo Oy

Divestment of subsidiaries

Reka Kaapeli Oy

Feasibility study for a financial arrangement

Paloheimo Oy

Divestment of a subsidiary

Marioff Oy

Business plan

Edita Oyj

Incentive scheme

Olvi Oyj

Market analysis

Pouttu Oy

Valuation

Nanso Group Oy

Independent business review

Arctia Oy (Finstaship)

Advisory statement

Siemens Osakeyhtiö

Business analysis on an acquisition target

Ministry of Transport and Communications

Second opinion on the management option scheme

Konecranes Oyj

Market analysis

Brandt Group Oy

Diffusion arrangement

Lapland Hotels / Olostunturi Oy / Wintertestcenter Oy

Portfolio analysis

Reka Oy / Reka Kaapeli Oy

Sales of Reka Kaapeli Oy to Neo Industrial

Teknos Winter Oy

Business analysis

Isku-Yhtymä Oy

Portfolio analysis

Raskone Oy

Valuation

Airpro Oy / RTG Ground Handling Oy

Business strategy

Finnish Industry
Investment Ltd

Commercial due diligence of several client companies

Reka Kaapeli Oy

Market analysis, Russia

Ministry of Agriculture and Forestry of Finland

Business plan for a newco

Nurminen Logistics Oy

Debt refinancing of EUR 23 million

Nefco Nordic Environment Finance Corporation

Valuation

Huippupaikat Oy

Valuation

Entre Marketing Oy

Business plan and sale of the company

Finavia Oyj

Business benchmark

Reka Oy

Business analysis

Onvest Oy / Onninen Group

Portfolio analysis

Junttan Oy / Excadrill Oy

Business plan

Arctia Oy (Finstaship)

Business analysis

Sofia Digital Oy

Business plan and financial arrangement

Estar Studios Oy

Information memorandum, financial and ownership arrangement

Järvi-Suomen Portti Osuuskunta

Valuation

Zander Port Oy

Feasiblity study

Neo Industrial Oyj

Acquisition target screening

Metsähallitus

Divestment of a business unit

J. Kärkkäinen Oy

Business plan

Vacon Oyj

Joint-Venture analysis

Teknos Schou Ltd / Teknos Tranemo AB / Teknos Winter Oy

Business analysis

Tunturipyörä Oy

Portfolio analysis

Nurminen Logistics Oyj

Analysis of loan portfolio

Avaintec Oy (Avain Technologies Oy)

Valuation

Finndomo Oy

Divestment of subsidiaries in Sweden

Vaasan Oy (Vaasan & Vaasan Oy)

Business analysis

Arvo Piiroinen Oy

Business analysis

Fazer Oy

Business strategy and strategy process development

Tunturipyörä Oy

Ownership arrangement

Ab Rani Plast Oy

Sale process

Finnair Oyj

Portfolio analysis and incentive scheme

Suomen Autokatsastus Oy

Valuation, advising on an acquistion process

Brandt Group Oy / Mock Doors Oy

Business analysis

Sitra

Business analysis on a client company

Preseco Oy

Divestment

Kolmeks Oy

Diffusion arrangement

Finnvera Oyj

Business analysis on a client company

Isku-Yhtymä Oy

Debt financing of EUR 11 million

Pouttu Oy

Ownership arrangement

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Business plan for an ownership arrangement

Finpro Oy (Finpro ry)

Business plan for incorporation of a business unit

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Acquisition / Developing acquisition process

Tampereen Teknologiakeskus Hermia Oy

Financial arrangement

Reka Oy / Aaltosen Kenkätehdas Oy

Business plan for a financial arrangement

S.Y.B. Finland Oy (Sybase Finland Oy)

Business plan

Ministry of Agriculture and Forestry of Finland

Incorporation study and business strategy

The Ownership Steering Department in the Prime Minister’s Office

Valuation

Wintertestcenter Oy

Business analysis

Konecranes Oyj / Veo Oy (Vaasa Engineering Oy)

Business analysis

Nurminen Logistics Oyj

Financial modeling and analysis of the structuring options

Teknos Group Oy

Financial restructuring

Helsinki City Transport / Ministry of Education and Culture

Valuation

Wintertestcenter Oy

Feasibility study

Strålfors Oy

Acquisition process

Huippupaikat Oy

Ownership arrangement

Posti Group Oyj

Incentive scheme for a subsidiary

Amer Sports Oyj

Portfolio analysis and incentive scheme

Flowrox Oy (Larox Flowsys Oy)

Valuation and statement on the value of the shares

Avaintec Oy (Avain Technologies Oy)

Business plan

Onninen Oy

Incentive scheme

Posti Group Oyj

Divestment

Raskone Oy

Acquisition of a company (Pajakulma Oy)

Lapland Hotels Oy

Valuation of an acquisition target

North European Invest Oy

Portfolio analysis

Finnvera Oyj

Business plan for a client

The Ownership Steering Department in the Prime Minister’s Office

Restructuring of STX Finland Oy

Versowood Group Oy

Feasibility study

Auramo Oy

Business analysis

Amer Sports Oyj

Incentive scheme

Alfons Håkans Oy

Business plan

Vacon Oyj

Incentive scheme

Cultor Oyj

Business analysis

Vaasan Oy
(Vaasan & Vaasan Oy)

Portfolio analysis

Karinne Oy

Business plan

Lapponia House (Momo House Oy)

Business plan

Paloheimo Oy / Etelä-Hämeen Kunnossapito Oy

Valuation

Finnvera Oyj

Market analysis for a client company

MariMatic Oy

Business plan

Nordic Investment Bank

Business analysis of investment target companies

Huippupaikat Oy / Eisu Oy

Ownership arrangement

Finnvera Oyj

Development of the company analysis process

Nordea Bank Finland

Collateral valuation

Lappset Group Oy

Business plan

Nestor Cables Oy

Valuation

Paloheimo Oy / Fenestra Oy

Market analysis, St. Petersburg and the Baltic markets

Binderman Oy

Valuation

Reka Kaapeli Oy

Financial arrangement

Ministry of Transport and Communications

Valuation

Sinituote Oy

Valuation of an acquisition target

Sesca Group Oy

Business Due Diligence on an investment target

Ylläs-Ski and Luostotunturi

Information memorandum

Reka Oy / Aaltosen Kenkätehdas Oy

Financial arrangement

Rudus Oy

Divestment of a business unit

Skaala Group Oy

Acquisition process

Paloheimo Oy

Incentive scheme

Outokummun Metalli Oy

Valuation

Nefco Nordic Environment Finance Corporation

Valuation

Olostunturi Oy / Lapland Hotels

Acquisition of a company

Reka Oy

Valuation for an ownership arrangement

Reka Kaapeli Oy

Financing of EUR 6 million

Koskisen Oy

Debt financing of EUR 120 million

Finnish Commuter Airlines Oy / Finncomm Airlines

Business plan for a financial arrangement

Vaasan Oy (Vaasan & Vaasan Oy)

Ownership arrangement / MBO

Kempinvest Oy

Business Due Diligence on an investment target

Koskisen Oy

Synergy analysis

The Ownership Steering Department in the Prime Minister’s Office

Second opinion / business analysis of STX Finland Oy

Posti Group Oyj

Valuation of an acquisition target

Jaakko Pöyry Consulting Oy / JP Management Consulting Oy

Incentive scheme

Reka Oy

Financing of EUR 52 million

Skaala Oy

Debt financing of EUR 24 million

Airfix Aviation Oy

Independent Business Review

The City of Juankoski

Second opinion on a valuation

Paloheimo Oy / Fenestra Oy

Acquisition screening in St. Petersburg and the Baltics

Teknos Oy

Portfolio analysis

Finndomo Oy

Equity and debt financing of EUR 83 million

Junttan Oy

Business plan

Rukapalvelu Oy

Business plan

CLT Plant Oy

Equity and debt financing of EUR 9 million

Gemalto Oy (Setec Oy)

Incentive scheme

Huippupaikat Oy

Business plan

Pouttu Oy ja Snellman Lihanjalostus Oy

Industry arrangement

Transtech Oy

Business plan

Apetit Oyj (Lännen Tehtaat Oyj)

Market analysis

Transtech Oy

Business and market analysis

Cultor Oyj

Portfolio analysis

Isku-Yhtymä Oy

Industry arrangement

IK Investment Partners Ab (Industri Kapital Ab)

Investment analysis

Reka Oy / Hyvinkään Metalli Oy

Ownership arrangement

Vaasan Oy (Vaasan & Vaasan Oy)

Acquisition of a company

Konecranes Oyj

Ownership arrangement

Ministry of Transport and Communications

Incorporation study

Teknos Oy

Restructuring analysis

Pellopuu Oy

Business analysis

Yllästunturi Oy

Ownership arrangement

SVUL:n Huippupaikat Oy

Portfolio analysis

Finnvera Oyj

Portfolio analysis on a client company

Fintra Projects Oy

Divestment

Arthur D. Little Ab

Market analysis

Lapland Hotels Olos (Olostunturi Oy)

Financial arrangement

Reka Oy

Acquisition of a company

Uutechnic Group Oyj (Vaahto Group Oyj)

Divestment of a business unit

Incap Furniture Oy

Independent Business Review

Raskone Oy

Market analysis

Kunta-asunnot Oy

Developing group structure

Kunta-asunnot Oy

Business analysis

Brandt Group Oy

Financial arrangement

Teknos Oy

Business acquisition

Arctech Helsinki Shipyard Oy

Advance payment bond of EUR 124 million

The Ownership Steering Department in the Prime Minister’s Office

Incorporation process

Business Finland Oy
(Finpro Oy)

Divestment of a subsidiary

3 Step IT Oy

Equity financing of EUR 5 million

Transtech Oy

Equity and mezzanine financing of EUR 10 million

Posti Group Oyj

Business analysis on an acquisition target

Cultor Oyj

Development of division strategy

Sitra

Feasibility study

Finnvera Oyj

Independent business review of a client company

Posti Group Oyj

Second opinion on valuation

Raskone Oy

Acquisition of a company