A&S|References

December 1, 2017

A&S provides financial due diligence for Solteq Oyj in the acquisition of TM United A/S in Denmark

Alder & Sound was a provider of financial due diligence for Solteq Oyj in the acquisition of TM United A/S Group (known to the market as Theilgaard Mortenssen; TM). TM’s solutions are focused on digital transactions and the optimisation of the online customer experience.

The group posted net sales of EUR 4.8 million for 2016 and currently has a staff of 35 experts. The acquisition allows Solteq to expand to the Danish market and open an office in Norway. The company also has offices in the United Kingdom, Sweden and Spain.

The parties have signed the sale and purchase agrement (SPA) for all shares of the company on December 1, 2017. The net debt-free sale price (EV) is EUR 3.5 million; ca. EUR 1 million will be paid by a directed share issue to the seller.

For more information: Solteq to acquire TM United A/S group, expands to Denmark and Norway
A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Matti Kaloinen | Senior Associate, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Tiina Piitulainen | Associate, Financial Advisory Services

 


 

August 7, 2017

A&S provides financial and tax due diligence for Pihlajalinna Plc in the acquisition of Sataman Röntgen Oy and Joen Magneetti Oy

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Sataman Röntgen Oy and Joen Magneetti from private owners.

The companies are specialized in imaging diagnostics in Kuopio and Joensuu. The companies does not form a Group.

Net sales of Sataman Röntgen OY amounted to EUR 2.6 million and Joen Magneetti Oy to EUR 2.2 million in FY 2016.

For more information (in Finnish): Pihlajalinna ostaa kuvantamisyritykset Kuopiosta ja Joensuusta

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Tiina Piitulainen | Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

August 7, 2017

A&S provides financial and tax due diligence for Pihlajalinna Plc in the acquisition of private healthcare clinic Caritas Lääkärit Oy

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Caritas Lääkärit Oy (“Caritas “) from Caritas Säätiö. Caritas has healthcare centers in Oulu and Raahe.

Gross sales of Caritas Lääkärit OY amounted to EUR 6.1 million in FY 2016.

For more information (in Finnish): Pihlajalinna ostaa oululaisen Caritas Lääkärit Oy:n

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Tiina Piitulainen | Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

August 7, 2017

A&S provides financial and tax due diligence for Esperi Care Oy in the acquisition of Kainuun Hoivataito Oy

Alder & Sound was a provider of financial and tax due diligence for Esperi Care Oy in the acquisition of Kainuun Hoivataito Oy (KHT).

KHT Group has comprised of three (3) active companies; 1) Kainuun Hoivataito Oy (“KHT”), Lapin-Hoivataito Oy (“LHT”) and Keski-Suomen Hoivataito Oy (“KSHT”). KHT Group’s net sales amounted to €5.5 million in FY16.

For more information (in Finnish): Esperi Care laajentaa toimintaansa Kainuussa, Keski-Suomessa, Lapissa ja Pohjois-Pohjanmaalla

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Tiina Piitulainen | Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

July 3, 2017

A&S provides financial and tax due diligence for Terrawise Oy in the acquisition of Konevuori Oy

Alder & Sound was a provider of financial and tax due diligence for Terrawise Oy in the acquisition of Konevuori Oy. Konevuori is a provider of civil engineering and mineral aggregates. The acquisition supports Terrawise Oy’s growth strategy.

Terrawise Oy (Group) is a profolio company of Sentica Partners and it was formed in January 2016 when Sentica Partners acquired three companies, specialized in civil engineering, that formed the new platform for the Terrawise Group.

In 2016, Konevuori Oy’s net revenue was EUR 23 million and EBITDA EUR 4.4 million. In the financial period ended June 2017, Konevuori Oy’s net revenue was approximately EUR 28 million.

For more information (in Finnish): Konevuori liittyy osaksi TerraWise-konsernia

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

May 14, 2017

A&S provides financial and tax due diligence for Juuri Partners Oy in the investment in Destaclean Oy

Alder & Sound was a provider of financial and tax due diligence for Juuri Partners Oy in the investment in Destaclean Oy (DC). DC is a provider of construction waste reception and sorting services, waste processing, resale and processing of recycled materials (Energy wood chips and metal). DC participates to many phases of waste management cycle from reception, processing, sale of recycled materials, product development, production of woodstone from recycled materials. In addition company invests in R&D in order to develop eg. Recycled raw material production and end of waste processes.

Destaclean Oy’s net revenue is EUR8.5 million. Destaclean employs 40 people directly and through outsourcing.

For more information (in Finnish): Juuri Partners Destacleanin vähemmistöomistajaksi – kiertotalousyhtiö tähyää maailmalle kehittämänsä Puukivi-materiaalin avulla

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

March 5, 2017

A&S provides financial due diligence for KAS Telineet Oy in the acquisition of Virberg Oy’s business operations

Alder & Sound was a provider of financial due diligence for Juuri Partners and its portfolio company KAS-Telineet Oy in the acquisition of Virberg Oy’s (“Virberg”) business operations. Juuri Partners invested in Kas-Telineet in March 2017 and the acquisition of Virberg supports the growth strategy of KAS-Telineet.

For more information (in Finnish): KAS Telineet Oy ostaa Vorberg Oy:n suojausliiketoiminnan

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

 


 

January 16, 2017

A&S provides financial and tax due diligence for Sisco Oyj in the acquisition of S-Sähkö Oy

Alder & Sound was a provider of financial and tax due diligence for Sisco Oy in the acquisition of S-Sähkö Oy. S-Sähkö Oy is a electrical contractor mainly for construction companies. In 2016, S-Sähkö Oy’s net revenue was EUR 4 million (16 months) and it employed approximately 15 people.

Sisco Oyj is a construction company focusing mainly housing and commercial buildings. The acquisition supports Sisco Oyj’s growth strategy. Sisco Oyj (Group) is a portfolio company of Sentica Partners.

For more information (in Finnish): Sisco Oyj:llä sähköinen startti uuteen vuoteen Sähkö-S Oy:n ostolla

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

January 6, 2017

A&S provides financial and tax due diligence for Pihlajalinna Plc in the acquisition of Itä-Suomen Lääkäritalo Oy

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Itä-Suomen Lääkäritalo Oy (“ITE”) from private owners. ITE has healthcare centers in Kuopio, Leppävirta and Suonenjoki.

ITE has been in close cooperation with Itä-Suomen Lääkärikeskus Oy that was acquired by Pihlajalinna in February 2016. The purchase agreement entered into force on January 2, 2017.

For more information (in Finnish): Pihlajalinna ostaa Itä-Suomen Lääkäritalo Oy:n

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

January 3, 2017

A&S provides financial and tax due diligence for Esperi Care Oy in the acquisition of Vakkuri & Aalto and Suneva Ky

Alder & Sound was a provider of financial and tax due diligence for Esperi Care Oy in the acquisition of Vakkuri & Aalto Oy and Suneva Ky from Palveluksessa Suomi Oy. The acquisition consisted of two elderly care centers: Syysviiru, a 30 +1 bed unit in Lohja, and Rantakaisla, a 15 bed unit in Alajärvi.

Vakkuri & Aalto Oy’s net sales are EUR 1.3 million and it employs 21 employees. Suneva’s net sales are EUR 0.6 million and it employs 12 people.

For more information (in Finnish): Esperi Care laajentaa toimintaansa Uudellamaalla ja Etelä-Pohjanmaalla

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

December 21, 2016

A&S provides financial and tax due diligence for Esperi Care Oy in the acquisition of Kotilo Oy

Alder & Sound was a provider of financial and tax due diligence for Esperi Care Oy in the acquisition of Kotilo Oy (“Kotilo”) from private owners. The acquisition consisted of one disabled care center for 12 customers in Veikkola.

Kotilo Oy’s net sales are EUR 0.7 million and it currently employs 13 employees.

For more information (in Finnish): Esperi Care vahvistaa toimintaansa Uudellamaalla 21.12.2016

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Lauri Saukkonen | Senior Associate, Tax Services

 


 

December 16, 2016

A&S acts as an advisor for Innovestor in the acquisition of a majority stake in Seed Fund Vera

Alder & Sound provided tax, legal and financial advisory for Innovestor in the acquisition of a majority stake in Seed Fund Vera.

In a transaction finalized on December 16, 2016, Innovestor Kasvurahasto I Ky, which is managed by Innovestor Ventures Ltd, purchased an approximately 80% share of Seed Fund Vera Ltd from Finnvera Plc. The acquisition is the biggest arrangement in the history of the Finnish early-stage venture capital market.

The fund is an investor in approximately 100 Finnish rapidly internationalising growth companies in various fields of technology. They include medtech and life science companies Forendo Pharma and Physiotouch, cleantech companies Wello and Gasera, ICT company Goodmill Systems and e-commerce companies Dealdash and Swap.com. Another investee is the Finnish clothing brand Makia, which has also attracted international interest.

Together with Finnish and international investors, the seed fund has invested approximately EUR 350 million in the target companies. The combined turnover of the target companies will be approximately EUR 250 million this year, most of which will be generated by sales abroad. The companies employ approximately 1,200 people altogether.

For more information and media coverage:

A&S engagement team involved:

Reima Linnanvirta | Off Counsel

Lotta Liljelund | Senior Associate, Head of Legal Services

Suvi Vänskä | Senior Associate, Head of Tax Services

Lauri Saukkonen | Senior Associate, Tax Services

Sini Paljärvi | Associate, Tax Services

 


 

December 7, 2016

A&S provides financial and tax due diligence for Pihlajalinna Plc in the acquisition of Mediapu Oy

Alder & Sound was a provider of financial and Tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Mediapu Oy (“Mediapu”) from private owners.

Mediapu provides physician recruiting services mainly for munipalicities and public healthcare districts. In 2015, Mediapu’s net sales were EUR 1.44 million.

For more information: Pihlajalinna to acquire recruitment company MediApu

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

 


 

December 4, 2016

A&S provides financial and tax due diligence for Juuri Partners Oy in the investment into Attido Oy

Alder & Sound was a provider of financial and tax due diligence for Juuri Partners Oy in the investment into Attido Oy.

Attido Oy is a provider of financial administration and informed leadership solutions. Attido is focusing in development of financial automation solutions and the investment supports Attido’s internationalization. In 2015, Attido Oy’s net revenue was EUR9.2 million and the company employs 100 experts in its offices in Espoo, Kuopio and Latvia.

For more information (in Finnish): Juuri sijoittaa talouden automaation osaajaan Attidoon

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

 


 

September 19, 2016

A&S provides financial and tax due diligence for Lindström Oy in the acquisition of the UK based Enviro Wipes Limited

Alder & Sound was a provider of financial and tax due diligence for Lindström Oy in the acquisition of the UK based Enviro Wipes Limited.

Enviro Wipes specializes in the supply, processing, laundering and distribution of recyclable wipers. Established as Printers Cloth Company in 1992, and rebranded as Enviro Wipes in 2013, the company serves a client base of over 1,500 customers involved in the print and packaging, automotive, manufacturing and maintenance industries. In 2015, Enviro Wipes Limited’s net revenue was £3.3 million.

Lindström is one of Europe’s and Asia’s leading textile service companies with over 165 years of experience in the textile industry, offering solutions for the cleanliness and interior design of facilities, corporate clothing and protection.

More information (in Finnish): Tuore yrityskauppa kaksinkertaistaa Lindströmin henkilöstön ja palvelut Isossa-Britanniassa

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

 


 

August 9, 2016

A&S provides financial and tax due diligence for Terrawise Oy in the acquisition of JJ Kaivin ja Kallio Oy

Alder & Sound was a provider of financial and tax due diligence for Terrawise Oy, a portfolio company of Sentica Partners, in the acquisition of JJ Kaivin ja Kallio Oy.

JJ Kaivin ja Kallio Oy is a provider of civil engineering and mineral aggregates. The acquisition supports Terrawise Oy’s growth strategy. Terrawise Oy is a profolio company of Sentica Partners and it was formed in January 2016 when Sentica Partners acquired three companies, specialized in civil engineering, that formed the new platform for the Terrawise Group.

In 2015, JJ Kaivin ja Kallio Oy’s net revenue was EUR 20 million.

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Tero Ahonen | Senior Associate, Tax Services

 


 

June 7, 2016

A&S provides financial and tax due diligence for Pihlajalinna Plc acquisition of Ala-Malmin Hammaslääkäriasema Oy

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Ala-Malmin Hammaslääkäriasema Oy (“AMH”) from private owners.

Ala-Malmin Hammaslääkärikeskus is a well-established dental care services company with a 25-year history in the Malmi district of Helsinki.
During the financial year that ended on March 31 2015, AMHs net sales were EUR 1.54 million.

For more information (in Finnish): Pihlajalinna ostaa helsinkiläisen Ala-Malmin Hammaslääkärit Oy:n

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

 


 

April 19, 2016

A&S provides financial and tax due diligence for Juuri Partners Oy in the investment in Puuha Group Oy

Alder & Sound was a provider of financial and tax due diligence for Juuri Partners Oy in the investment in Puuha Group Oy. Puuha Group designs and manufactures children’s playground equipment, engaging sports equipment for outdoors and durable outdoor furniture. Puuha Group has exclusive right to manufacture Moomin playground equipment.

In 2015, Puuha Group Oy’s net revenue was EUR4 million.

For more information (in Finnish): Juuri Rahasto vauhdittaa leikkivälinevalmistaja Puuha Groupin kasvua

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Associate, Financial Advisory Services

Mika Sipilä | Senior Associate, Tax Services

 


 

April 4, 2016

A&S provides financial and tax due diligence for Korona Invest Oy (Palvelurahasto) in the majority investment in Etelä-Suomen Lähiökunnostajat Oy

Alder & Sound was a provider of financial and tax due diligence for Korona Invest Oy in the majority investment in Etelä-Suomen Lähiökunnostajat Oy (“ESL”).

Etelä-Suomen Lähiökunnostajat is a construction company specializing to façade renovation. ESL has a strong market position in façade renovation market in South-Finland and its main customers are housing companies, real estate investment companies and real estate managing companies in growth centres. In 2015, ESL’s net revenue was EUR 10 million.

For more information (in Finnish): Korona Investin palvelurahasto sijoittaa rakennusalan kasvuyritykseen

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Associate, Financial Advisory Services

Mika Sipilä | Senior Associate, Tax Services

 


 

March 8, 2016

A&S provides financial and tax due diligence for Pihlajalinna Plc acquisition of three private health care companies in Seinäjoki

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Kompassi Lääkärikeskus Oy, Kompassi Hammaslääkärikeskus Oy and Etelä-Pohjanmaan Sydäntutkimuspalvelu Oy (“Kompassi”) from private owners.

Kompassi Lääkärikeskus Oy and Kompassi Hammaslääkärikeskus Oy have operated only few years in Seinäjoki, but have reached a good reputation in the local market. Etelä-Pohjanmaan Sydäntutkimuspalvelu Oy is specialized to provide cardiologist outsourcing services to municipalities and public hospital districts.

In 2014, combined net sales of Kompassi entities were EUR 2.2 million.

The agreement is expected to come into force on April 1, 2016.

For more information (in Finnish): Pihlajalinna ostaa lääkäri- ja hammaslääkärikeskuksen Seinäjoelta

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Associate, Financial Advisory Services

Mika Sipilä | Senior Associate, Tax Services

 


 

January 13, 2016

A&S provides financial due diligence for Juuri Partners in the acquisition of Nordic Scaffolding Oy

Alder & Sound was a provider of financial due diligence for Juuri Partners and its portfolio company KAS-Telineet Oy in the acquisition of Nordic Scaffolding Oy’s (“NS”) business operations. Juuri Partners invested in Kas-Telineet in October 2015 and the acquisition of NS supports the growth strategy of KAS-Telineet.

For more information (in Finnish): Kas Telineet Oy ja Nordic Scaffold Oy yhdistävät liiketoimintansa

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

 


 

December 14, 2015

A&S provides financial and tax due diligence for Pihlajalinna Plc in the acquisition of private health clinic Itä-Suomen Lääkärikeskus

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Itä-Suomen Lääkärikeskus Oy (“ITE”) from private owners. Itä-Suomen Lääkärikeskus Oy is the largest private healthcare service provider in the Joensuu area.

The net debt-free value of the acquisition target is EUR 6,8 million. In 2014, ITE’s net sales were EUR 6,5 million.

The agreement is expected to come into force during the first quarter of 2016

For more information (in Finnish): Pihlajalinna ostaa Itä-Suomen Lääkärikeskuksen

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Associate, Financial Advisory Services

Markku Renko | Senior Associate, Tax Services

Mika Sipilä | Senior Associate, Tax Services

 


 

December 9, 2015

A&S provides financial and tax due diligence for Pihlajalinna Plc in the acquisition of private health clinic Koskiklinikka

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Tampereen Lääkärikeskus Oy, also known as Koskiklinikka, from private owners and Diacor terveyspalvelut Oy. The acquisition also includes a 50 % ownership share in the imaging services company Röntgentutka Oy.

Koskiklinikka operates one large private clinic and hospital in Tampere and four smaller private clinics in Tampere, Pirkkala and Jyväskylä, employing 150 full-time employees and 250 doctors working for the company as private practitioners.

The net debt-free value of the acquisition target is EUR 21.2 million. In 2014, Koskiklinikka’s net sales were EUR 15.4 million and Röntgentutka Oy’s were EUR 4.6 million.The agreement is expected to come into force by the end of 2015.

For more information (in Finnish): Koskiklinikka osaksi Pihlajalinna-konsernia ja sen Dextra-liiketoimintaa

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Associate, Financial Advisory Services

Markku Renko | Senior Associate, Tax Services

Mika Sipilä | Senior Associate, Tax Services

 


 

October 31, 2015

A&S provides financial and tax due diligence for Juuri Partners in its investment in KAS-Telineet Oy

Alder & Sound was a provider of financial and tax due diligence for Juuri Partners Oy in the investment in KAS-Telineet Oy (“ITE”). KAS-Telineet Oy is a provider of scaffolding equipment rental services and weather shelters. Company’s offering includes equipment rentals, designing services, maintenance checks, consultations and installation services.

In 2014, KAS-Telineet Oy’s net sales were EUR 3.3 million.

For more information (in Finnish): Juuri Rahasto tukee KAS-Telineet Oy:n kasvua

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Mika Sipilä | Senior Associate, Tax Services

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