Investment Banking

VALOR is a leading independent Nordic Investment Banking boutique with a particular focus on infrastructure-related sectors. We are unique in that we can draw not only on world-class corporate finance and transaction-related capabilities, but also on deep substance-matter expertise derived from both transactions and the strategic and operational engagements of VALOR’s management consulting teams. In concrete terms, this can entail identifying idiosyncratic value creation areas for our buy-side client in an auction process, or more holistically, understanding the field of potential buyers and their unique vantage points in a sell-side mandate.

Our experienced and committed teams ensure a successful outcome even in the most complex and demanding transaction processes by leveraging the right mix of tenacity, entrepreneurial spirit and flexibility, creativity, and a little Finnish sisu.

We are used to working alongside both leading international investors and local industrial companies. Most commonly, we support our clients in the role of full suite M&A advisor in buy- and sell-side processes, with responsibility for financial modeling and valuation, process strategy and tactics, deal structuring and debt advisory, negotiations with seller, due diligence coordination, and support in transaction documentation. However, we are also more than happy to support our clients in more focused engagements within debt advisory, tactical M&A advisory, valuations and fairness opinions, for example.

For other M&A and ownership advisory services, please see VALOR Consulting Services.

Examples of recent projects

Sole sell-side M&A advisor to Alva in the divestment of the district heating assets and operations in Viitasaari

Sole debt advisor to the leading Swedish colocation data center Conapto and its owner Marguerite in securing a 400 SEKm debt facility to fund the growth of the company

Sole buy-side financial advisor to a bidder in the acquisition process for the Finnish energy utility Etelä-Savon Energia with an EV of c. 300 €m

Sole buy-side M&A advisor to OP Infra in the JV acquisition of a majority stake in the regional Finnish fiber company BLC Telecom with a total equity funding of c. 80 €m

Sole buy-side financial advisor (M&A and debt) to a shortlisted bidder in the acquisition process for E.ON’s district heating business in Norrköping and Örebro with an EV of c. 1 500 €m

Sole buy-side M&A advisor to Ardian in the acquisition of Nevel from VAPO at an EV of c. 650 €m