News
February 2014: Sagacitas Finance Partners 2013 at a glance
Our first full year of operation was a success. Our partners acted as advisors for a variety of different types of companies ranging from small start-ups to listed companies, including:
- An energy company acquiring major cross border power assets (structured financing)
- An international mining company seeking limited recourse financing and subsidies for an investment
- An internationally operating manufacturing company renegotiating its financing structure
- Pre-delivery financing and bonding for a major export project
- Several SMEs seeking to raise equity, debt or investment related subsidies
We have also advised several customers on developing financial management policies and procedures as well as commercial and organisational aspects of their business.
During 2013, Nicholas Anderson, Jyrki Koskelo and Ritva Laukkanen joined Sagacitas while Carina Hellemaa decided to leave the company in February 2014 to take up new challenges. Jyrki and Ritva are based in Vienna complementing the company's international presence.
Given the operational and financial challenges that the corporates face, we foresee a strong demand for the type of services offered by Sagacitas also in 2014.
May 2013: A new partner joins Sagacitas Finance Partners
Nicholas Anderson joined the Sagacitas Finance Partners team in May 2013. Nicholas will be leaving Swedish Export Credit Corporation (SEK) during 2013 after eleven years of working in Finland, Singapore and Sweden for SEK. In his last posting, he headed up SEK Advisory Services, the financial consulting arm of SEK, for large infrastructure export projects in Europe, Russia, India and in Asia. Nicholas is a senior adviser with a long career in finance and banking spanning over 40 years, and he is a leading expert on public and private infrastructure investments, including complex solutions involving partnerships between the private and public sectors.
February 2013: Successful start for Sagacitas Finance Partners
Since the start of marketing our services, Sagacitas Finance Partners have already been engaged in several assignments, including:
- Acting as financial advisers on a corporate restructuring of a listed Nordic company, negotiating with banks;
- Developing the business plan and first round financing for a new gaming company;
- Acting as expert witnesses in a legal arbitration case, analyzing and providing an opinion on several valuations made by investment banks;
- Providing financial management advice and mentoring to a newly appointed Chief Financial Officer;
- Providing investor relations advice to a major listed company;
- Acting as financial advisers to a major Nordic corporation on capital markets financing; and
- Preparing a study on new asset class commissioned by a leading European bank.
January 2013: Two new partners join Sagacitas Finance Partners
Jyrki Koskelo and Ritva Laukkanen joined the Sagacitas Finance Partners team at the beginning of the year. Both Jyrki and Ritva have been senior bankers with IFC, the private sector arm of the World Bank Group. They bring with them, respectively, 30 years of experience of investments and financing in the emerging markets as well as of the international capital markets, and they have a thorough understanding of development finance, including sustainability and governance issues.
December 2012: Leena Siirala appointed Senior Vice President Legal Department of Ilmarinen
The Board of Directors of Ilmarinen Mutual Pension Insurance Company has appointed Leena Siirala as new SVP Legal Department on December 20, 2012. She will also be a member of the Management Board, and will commence her duties as from February 1, 2013.
Leena has decided to leave the Sagacitas Finance Partners team as of the same date.
October 2012: Pauli Leppänen appointed CFO of QPR Software Plc
As of January 7, 2013, Pauli Leppänen will start as Chief Financial Officer at QPR Software Plc, a Finnish listed company developing and providing software and services in the areas of enterprise architecture, performance management, process modeling and analysis, risk management and compliance.
Pauli will continue as partner and supporting adviser in the Sagacitas Finance Partners team.
March 2012: Sagacitas Finance Partners founded
A unique partnership of experienced financial advisers was formed and incorporated as a company in March 2012 by nine founding partners. Our aim is to find solutions for our clients enabling efficient and sustainable business models and financing structures. We are independent of any financial institutions and dedicated to providing client-focused advice.
Sagacitas Finance Partners is a partnership of professionals with years of experience in the field of international finance and financial management, including in the emerging markets.
