Algador Holdings Ltd acquires Helsinki Shipyard Oy

CAG acted as the advisor in the transaction between Algador Holdings Ltd (“Algador Holdings”) and Arctech Helsinki Shipyard Oy (“Arctech”) regarding 100 % of shares of Helsinki Shipyard Oy. The acquisition became effective on 20 May 2019.

In preparation for the acquisition Arctech established a new company, Helsinki Shipyard Oy, where it transferred its shipbuilding operations in Helsinki earlier this month. The acquisition structure ensured that the shipyard, under its new owners, could get a fresh start while going back to the name Helsinki Shipyard that it is best known and often referred to.

In the transaction, Arctech sold 100% of Helsinki Shipyard Oy’s shares to Algador Holdings. Algador Holdings is owned by Rishat Bagautdinov and Vladimir Kasyanenko who have strong backgrounds in the maritime industry. Their companies operate international shipping and shipbuilding businesses including Russia’s largest river cruise ship operator Vodohod LLC.

”We are proud to become a part of Helsinki shipyard’s story. We see a strong demand for the shipyard’s expertise and look forward to continuing its long traditions under the name its best known for: Helsinki Shipyard Oy”, comments Rishat Bagautdinov, co-owner of Algador Holdings.

The ownership arrangement is a notable step for the future of the shipyard and the Finnish maritime industry. Going forward, Helsinki Shipyard will focus both in cruise ships and arctic vessels with current tenders consisting of several cruise ships, icebreakers and LNG tankers.

CAG has acted as the advisor in the Helsinki shipyard’s ownership arrangement for three years.

Chairman of the Board of Directors of Helsinki Shipyard, Mr. Victor Olerskiy, shaking hands with Managing Director of CAG, Mr. Heimo Hakamo.

More articles

Visma Consulting acquired Avaintec’s digital signature and digital archive solutions

CAG acted as the advisor to Avaintec Oy in the divestment of the company’s digital signature and digital archive business. Avaintec is the market leader in Finland in these solutions, particularly in the financial and public sectors. The acquirer, Visma Consulting Oy, already has strong expertise in these areas, and through the acquisition will become the […]

Read more

Tuomas Kouki Joined CAG as Analyst

Mr. Tuomas Kouki has joined CAG as Analyst starting 02.01.2018. Tuomas holds a M.Sc. (Econ.) in Accounting from Aalto University. Prior to joining CAG, Tuomas worked with EY as a Senior Audit Associate and various other positions in accounting and corporate finance. We are excited to welcome Tuomas to CAG to further strengthen our team […]

Read more

Corporate Advisor Group Oy

Phone +358 9 476 4600
Email info@cag.fi
Visiting address Bulevardi 6 C
(entrance from Yrjönkatu 7 C)
00120 Helsinki
Mailing address Corporate Advisor Group Oy
PL 176 FI-00101 Helsinki
ID: 1016430-8

In case you have any questions related to our services during the coronavirus pandemic, please be in contact with any of the following experts:

Heimo Hakamo
+358 40 097 6100
heimo.hakamo@cag.fi
Sari Haarala
+358 400 808 911
sari.haarala@cag.fi
Martin Krokfors
+358 40 042 4179
martin.krokfors@cag.fi
Jari Mäkilä
+358 40 524 0483
jari.makila@cag.fi