References

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

Solagem Oy

Business plan

Saga Furs Oyj

Business benchmark in Europe

Kunta-asunnot Oy

Business analysis

Amer Sports Oyj

Portfolio analysis and incentive scheme

Järvi-Suomen Portti Osuuskunta

Valuation

Airfix Aviation Oy

Divestment

Cultor Oyj

Development of division strategy

Konecranes Oyj

Market analysis

Isku-Yhtymä Oy

Divestment of Direktlaminat AB

Huippupaikat Oy / Eisu Oy

Financial arrangement

Nestor Cables Oy

Valuation

Paloheimo Oy

Divestment of a subsidiary

Vaasan Oy
(Vaasan & Vaasan Oy)

Portfolio analysis

Reka Oy / Reka Kaapeli Oy

Sales of Reka Kaapeli Oy to Neo Industrial

Ministry of Transport and Communications

Second opinion on the management option scheme

3i Group (Start Fund of Kera Oy)

Information memorandum / Business analysis on several investment targets

Pouttu Oy

Valuation

Reka Oy

Valuation for an ownership arrangement

Sitra / Business Finland Oy (Tekes Oy)

Industry arrangement

Huippupaikat Oy / Eisu Oy

Ownership arrangement

Raskone Oy

Acquisition of a company (Pajakulma Oy)

Airfix Aviation Oy

Independent Business Review

Nurminen Logistics Oyj

Financial modeling and analysis of the structuring options

Ministry of Transport and Communications

Corporate governance system

Solagem Oy

Incentive scheme

Posti Group Oyj

Divestment

Nefco Nordic Environment Finance Corporation

Valuation

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Business plan

Eyemaker's Finland Oy

Business plan

CLT Plant Oy

Equity and debt financing of EUR 9 million

Fintra Projects Oy

Divestment

Gemalto Oy (Setec Oy)

Business plan

Uutechnic Group Oyj (Vaahto Group Oyj)

Divestment of a business unit

Brandt Group Oy / Mock Doors Oy

Business analysis

Reka Oy

Feasibility study

Brandt Group Oy

Portfolio analysis

Fazer Oy

Acquisition target analysis

Reka Kaapeli Oy

Feasibility study

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

Business plan

Saga Furs Oyj

Business analysis and strategy process

Reka Oy

Industry arrangement

Meda AB

Acquisition

Solagem Oy

Financial arrangement

Nuukari Oy / SoliferPolar Oy

Business analysis

Reka Kaapeli Oy

Financing of EUR 6 million

Gemalto Oy (Setec Oy)

Incentive scheme

Finnvera Oyj

Independent business review of a client company

Raskone Oy

Valuation

Finnvera Oyj

Business development

Teknos Oy

Portfolio analysis

Lappset Group Oy

Business plan

KoskiPower Oy

Valuation

Tunturipyörä Oy

Portfolio analysis

Posti Group Oyj

Divestment

Teknos Group Oy

Financial restructuring

Sitra / Finnvera Oyj / TeknoVenture Oy

Business analysis on a client company

Silta Solutions Oy

Information memorandum update

Neo Industrial Oyj

Acquisition target screening

Ministry of Agriculture and Forestry of Finland

Business plan for a newco

Teknos Oy

Business acquisition

Upofloor Oy

Second opinion statement on a sales process

Posti Group Oyj

Second opinion on valuation

MTV Oy / Uutisvirta Oy

Advising on a joint-venture process

MariMatic Oy

Business plan

Himos-yhtiöt

Financial restructuring

Ab Rani Plast Oy

Sale process

Koskisen Oy

Synergy analysis

Reka Kaapeli Oy

Financial arrangement

Flowrox Oy (Larox Flowsys Oy)

Valuation and statement on the value of the shares

Kolmeks Oy

Diffusion arrangement

Preseco Oy

Divestment

Metsähallitus

Divestment of a business unit

The Ownership Steering Department in the Prime Minister’s Office

Valuation

Onninen Oy

Incentive scheme

Wintertestcenter Oy

Feasibility study

Sotkamo municipality

Feasibility study

Sofia Digital Oy

Business plan and financial arrangement

Olvi Oyj

Market analysis

OnePartner Oy

Business plan

Fazer Oy

Business strategy and strategy process development

Alfons Håkans Oy

Business plan

Nefco / Swedfund International AB

Advisory statement of valuation

Nordea Bank Ab

Collateral valuation

VTT Expert Services Oy

Market analysis

Reka Kaapeli Oy

Feasibility study for a financial arrangement

Pouttu Oy

Incentive scheme

Nurminen Logistics Oy

Debt portfolio analysis

Sormat Oy

Business plan

Sponda Oyj

Incentive scheme

Finnvera Oyj

Development of the company analysis process

Posti Group Oyj

Valuation of an acquisition target

Vacon Oyj

Business plan

Finnair Oyj

Valuation of a business unit

Finavia Oyj

Business benchmark

Vacon Oyj

Valuation and advisory in ownership arrangement

Lankapaja Oy

Ownership arrangement

Sesca Group Oy

Business Due Diligence on an investment target

Flowrox Oy (Larox Flowsys Oy)

Business plan

Suomen Autokatsastus Oy

Valuation, advising on an acquistion process

Finnish Commuter Airlines Oy / Finncomm Airlines

Business plan for a financial arrangement

Saga Furs Oyj

Incentive scheme

Reka Oy

Acquisition of a company

Versowood Group Oy

Feasibility study

Posti Group Oyj

Business analysis on an acquisition target

Asianajotoimisto Karvo, Mella & Salo Oy

Valuation for the Arbitration court

Kempinvest Oy

Business Due Diligence on an investment target

Incap Furniture Oy

Independent Business Review

Nurminen Logistics Oy

Debt refinancing of EUR 23 million

Koskisen Oy

Debt financing of EUR 120 million

Arvo Piiroinen Oy

Portfolio analysis

Paloheimo Oy

Divestment of Lundia Oy

Lapland Hotels Olos (Olostunturi Oy)

Financial arrangement

Finavia Oy

Business analysis

The Ownership Steering Department in the Prime Minister’s Office

Market analysis on Finnish shipbuilding industry

LTM Company Oy

Business plan

Vaasan Oy (Vaasan & Vaasan Oy)

Ownership arrangement (advisor to the management)

Konecranes Oyj

Ownership arrangement

Neo Industrial Oyj

Independent Business Review

Auramo Oy

Second opinion on valuation

PNM-Holding Oy

Independent business review

Airpro Oy / RTG Ground Handling Oy

Business strategy

Finnvera Oyj

Business plan for a client

Siemens Osakeyhtiö

Business analysis on an acquisition target

Pellopuu Oy

Business analysis

Outokummun Metalli Oy

Valuation

Medix Biochemica Oy

Incentive scheme

Arctech Helsinki Shipyard / Algador Holdings Ltd

Ownership arrangement of Helsinki Shipyard Oy

Teknos Schou Ltd / Teknos Tranemo AB / Teknos Winter Oy

Business analysis

FIT Biotech Oy (Finnish Immunotechnology)

Advising on a joint-venture process

Suomen Turkiseläinten Kasvattajain Liitto

Business analysis

Cultor Oyj

Business analysis

Posti Group Oyj

Incentive scheme for a subsidiary

Isku-Yhtymä Oy

Portfolio analysis

Paloheimo Oy

Ownership arrangement

Reka Oy

Business analysis

Reka Oy / Aaltosen Kenkätehdas Oy

Financial arrangement

Huippupaikat Oy

Valuation

Paloheimo Oy / Fenestra Oy

Market analysis, St. Petersburg and the Baltic markets

Nanso Group Oy

Independent business review

J. Kärkkäinen Oy

Independent Business Review

Petrasol Oy

Business plan / Information memorandum

Airfix Aviation Oy / Merropoint Oy

Advisor services in VAT related matters

Rukapalvelu Oy

Business plan

Cultor Oyj

Portfolio analysis

Skaala Group Oy

Sale of the company

Saga Furs Oyj

Supplier survey and market analysis

Inion Oy

Financial arrangement

ABB Management Consulting Oy

Valuation for acquisition

Finnair Oyj

Management training on the portfolio strategy

Ylläs-Ski and Luostotunturi

Information memorandum

Teknos Oy

Restructuring analysis

Junttan Oy / Sinituote Oy

Acquisition process

Finnvera Oyj

Business analysis on a client company

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Acquisition / Developing acquisition process

Brandt Group Oy

Diffusion arrangement

Reka Oy

Ownership arrangement

Nefco Nordic Environment Finance Corporation

Valuation

Tampereen Teknologiakeskus Hermia Oy

Development of seed funding system

Vaasan Oy (Vaasan & Vaasan Oy)

Acquisition of a company

IK Investment Partners Ab (Industri Kapital Ab)

Investment analysis

Paloheimo Oy / Fenestra Oy

Acquisition screening in St. Petersburg and the Baltics

Fazer Oy

Second opinion on a feasibility study

Onvest Oy / Onninen Group

Portfolio analysis

Yllästunturi Oy

Ownership arrangement

Arctia Oy (Finstaship)

Business analysis

Huippupaikat Oy

Business plan

Apetit Oyj (Lännen Tehtaat Oyj)

Market analysis

Strålfors Oy

Acquisition process

Lapland Hotels Oy

Valuation of an acquisition target

The Ownership Steering Department in the Prime Minister’s Office

Incorporation process

Paloheimo Oy / Etelä-Hämeen Kunnossapito Oy

Valuation

Transtech Oy

Business and market analysis

Suomen Posti Oyj

Acquisition process

Oviku Oy

Business plan

Skaala Group Oy

Acquisition process

Isku Interior Oy

Acquisition

Lapland Hotels Oy

Portfolio analysis

Finnvera Oyj

Market analysis for a client company

YIT Oyj (YIT-Yhtymä Oyj)

Incentive scheme

Marioff Oy

Business plan

Junttan Oy / Excadrill Oy

Business plan

SAV-Rahoitus Oyj (Suomen Autovakuus Oy)

Financial arrangement

Koskisen Oy

Independent Business Review update

Avaintec Oy (Avain Technologies Oy)

Valuation

Finnish Central party

Business Due Diligence

The Ownership Steering Department in the Prime Minister’s Office

Second opinion / business analysis of STX Finland Oy

Onninen Oy

Corporate governance system

The City of Juankoski

Second opinion on a valuation

M-Plast Oy

Expert opinion for the Arbitration court

Apetit Oyj (Lännen Tehtaat Oyj)

Financial arrangement

Paloheimo Oy

Corporate governance system

Finndomo Oy

Divestment of subsidiaries

Ministry of Transport and Communications

Training for government ownership steering

Brandt Group Oy

Financial arrangement

Binderman Oy

Valuation

Hydnum Oy

Information memorandum / Business analysis on an investment target

Fazer Oy

Valuation of the Baltic bakeries

Ministry of Transport and Communications

Valuation

Nordea

Collateral valuation

Paloheimo Oy

Portfolio analysis

Karinne Oy

Business plan

Ministry of Economic Affairs and Employment of Finland

Training for company analysts

Nordic Investment Bank

Business analysis of investment target companies

Junttan Oy

Business plan

Avaintec Oy (Avain Technologies Oy)

Business plan

Vaasan Oy (Vaasan & Vaasan Oy)

Ownership arrangement / MBO

SVUL:n Huippupaikat Oy

Portfolio analysis

Tampereen Teknologiakeskus Hermia Oy

Financial arrangement

Finndomo Oy

Equity and debt financing of EUR 83 million

Lapponia House (Momo House Oy)

Business plan

Suomen Autokatsastus Oy

Ownership arrangement (advisor to the management)

Radiolinja Oy

Second opinion on valuation

Apetit Oyj (Lännen Tehtaat Oyj)

Portfolio analysis

Ministry of Transport and Communications

Incorporation study

Amer Sports Oyj

Incentive scheme / Remuneration scheme for the Board of Directors

Saga Furs Oyj

Analysis of the financing function

Arvo Piiroinen Oy

Advisor to the management

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Business plan for an ownership arrangement

North European Invest Oy

Portfolio analysis

Arvo Piiroinen Oy

Ownership arrangement

Estar Studios Oy

Information memorandum, financial and ownership arrangement

Cultor Oyj / Vaasan Oy (Vaasan & Vaasan Oy)

Divestment

Konecranes Oyj / Veo Oy (Vaasa Engineering Oy)

Business analysis

Vacon Oyj (Vaasa Control Oy)

Ownership arrangement

Rudus Oy

Divestment of a business unit

Levin Levi-Market Oy

Valuation

Skaala Group Oy

Ownership arrangement

Amer Sports Oyj

Incentive scheme

Edita Oyj

Incentive scheme

Vaasan Oy (Vaasan & Vaasan Oy)

Financial arrangement for MBO

Sitra

Business analysis on a client company

Business Finland Oy
(Finpro Oy)

Divestment of a subsidiary

Vacon Oyj

Joint-Venture analysis

Destia Oy

Incorporation process

Paloheimo Oy / Fenestra Oy / Tiivi-tuote Oy

Synergy analysis

Nestor Cables Oy

Financial arrangement

Zander Port Oy

Feasiblity study

Solagem Oy

Acquisition of a company

Arvo Piiroinen Oy

Business analysis

Airfix Aviation Oy

Business analysis

Espotel Oy

Incentive scheme

Tamglass Oy

Market analysis

Transtech Oy

Equity and mezzanine financing of EUR 10 million

Lapland Hotels / Olostunturi Oy / Wintertestcenter Oy

Portfolio analysis

Posti Group Oyj

Portfolio analysis

Arctech Helsinki Shipyard Oy

Advance payment bond of EUR 124 million

Isku Interior Oy

Feasibility study, Moscow

Isku-Yhtymä Oy

Industry arrangement

Ministry of Agriculture and Forestry of Finland

Incorporation study and business strategy

Versowood Group Oy (Vierumäen Teollisuus Oy)

Feasibility study

Finnish Industry
Investment Ltd

Commercial due diligence of several client companies

Arctia Oy (Finstaship)

Advisory statement

Jospak Oy

Pre-feasibility study

Reka Kaapeli Oy

Market analysis, Russia

Reka Kumi Oy

Financial arrangement

Reka Kaapeli Oy

Independent Business Review

Jaakko Pöyry Consulting Oy / JP Management Consulting Oy

Incentive scheme

The Ownership Steering Department in the Prime Minister’s Office

Restructuring of STX Finland Oy

Reka Oy

Financing of EUR 52 million

Auramo Oy

Business analysis

Puhos Board Oy

Financial arrangement

Nurminen Logistics Oyj

Analysis of loan portfolio

Tunturipyörä Oy

Ownership arrangement

Finnvera Oyj

Portfolio analysis on a client company

Isku Oy / Lundia Oy

Synergy analysis

Finndomo Oy

Divestment of subsidiaries in Sweden

Wintertestcenter Oy

Business analysis

Raskone Oy

Market analysis

Finpro Oy (Finpro ry)

Business plan for incorporation of a business unit

Pouttu Oy ja Snellman Lihanjalostus Oy

Industry arrangement

Huippupaikat Oy

Ownership arrangement

Pouttu Oy

Ownership arrangement

Sitra

Feasibility study

Vaasan Oy (Vaasan & Vaasan Oy)

Business analysis

Arthur D. Little Ab

Market analysis

Finnvera Oyj

Business analysis on a client company

Airfix Aviation Oy

Independent Business Review

The Ownership Steering Department in the Prime Minister’s Office

Valuation

Skaala Oy

Debt financing of EUR 24 million

Finnair Oyj

Portfolio analysis and incentive scheme

Teknos Group Oy

GORI Industry -business acquisition from Dyrup A/S

Fazer Oy

Synergy analysis

Helsinki City Transport / Ministry of Education and Culture

Valuation

J. Kärkkäinen Oy

Business plan

Evia Oyj

Incentive scheme

Lapland Hotels

Valuation of an acquisition target

Paloheimo Oy

Incentive scheme

Nordea Bank Finland

Collateral valuation

HealthEx Oy

Information memorandum

Teknos Winter Oy

Business analysis

Tampereen Teknologiakeskus Hermia Oy

Financial arrangement

Reka Oy / Hyvinkään Metalli Oy

Ownership arrangement

Entre Marketing Oy

Business plan and sale of the company

Master's Innovations Oy

Business plan

CapMan Oyj

Market analysis

Raskone Oy

Acquisition of a company

K.Hartwall Oy

Synergy analysis

Conorin Oy

Information memorandum

Olostunturi Oy / Lapland Hotels

Acquisition of a company

HealthEx Oy

Independent Business Review

Wintertestcenter Oy

Financial arrangement

Huippupaikat Oy

Valuation for divestment

Reka Oy / Aaltosen Kenkätehdas Oy

Business plan for a financial arrangement

Järvi-Suomen Portti Osuuskunta

Valuation

Metsähallitus

Divestment of a subsidiary

Posti Group Oyj

Business plan for divestment

Apetit Oyj
(Lännen Tehtaat Oyj)

Advisory and analysis regarding debt covenants

Järvi-Suomen Portti

Valuation

Vacon Oyj

Incentive scheme

Junttan Oy

Equity and debt financing of  EUR 43 million

Flowrox Oy (Larox Flowsys Oy)

Valuation

Transtech Oy

Business plan

Högfors Oy

Valuation

Sinituote Oy

Valuation of an acquisition target

Citycon Oyj

Incentive scheme

3 Step IT Oy

Equity financing of EUR 5 million

Isku-Yhtymä Oy

Debt financing of EUR 11 million

Kunta-asunnot Oy

Developing group structure

Luhta Oy

Business plan

Suomen Autokatsastus Oy

Business plan and information memorandum for privatisation