• Team

    Jako Kruuse


    +372 50 633 61


    Jako has more than 16 years of experience in corporate finance. Before founding NCFA in 2009, Jako was financial advisor in the regional investment bank United Partners Group. He was involved in various restructuring and turnaround transactions as well as in M&A and capital raising transactions.

    Previously, Jako was Head of Corporate Division of Estonian Credit and Export Guarantee Fund KredEx. He was responsible for developing KredEx’s activities and guarantee policy regarding SME finance and managed corporate guarantee portfolio of ca EUR 50m.

    Jako has given lectures in various Estonian Universities and conferences. He has a master’s degree from Tallinn University of Technology and is an official expert witness in financial matters including business valuations.

    Margo Peetsalu


    +372 53 416 577


    Margo has over 11 years of experience in corporate finance. Before establishing NCFA, Margo managed business consultancy firm Laurentum where he advised companies in wide range of issues, primarily dealing with strategic planning and composing sound business plans, cost-benefit analysis, development strategies and raising state-aid financing from EU structural funds.

    Before Laurentum, Margo was a client manager in Estonian Credit and Export Guarantee Fund KredEx and project manager in Enterprise Estonia.

    Margo has BA degree in Public Administration from Tartu University.

    Toomas Tamra


    +372 5558 4572


    Toomas joined Nordic CF Advisory in 2016. Previously, Toomas worked as an analyst in the regional investment bank Redgate Capital, in M&A and capital raising transactions advisory and PE investments development and management.

    Toomas also has hands-on experience in post-LBO company management having served as a management board member in the leading regional security products and services provider Luku-Expert.

    Toomas has a BSc in Business Administration and Economics from Stockholm School of Economics in Riga and is currently in the master’s programme in Tallinn University of Technology.



    Kaspar Saarmann


    +372 50 939 85


    Kaspar joined Nordic CF Advisory in 2011 as an analyst and is mainly involved in financial modelling and business valuations. Previously, Kaspar worked as an intern in the accountancy department of the Estonia’s largest third party logistics provider Smarten Logistics.

    Before that, Kaspar worked as a project manager in the local real-estate company Saarmann Kinnisvara.

    Kaspar holds a BA degree in Business Administration from Tartu University and is currently finishing his Master’s studies in Tallinn Technical University.