Business valuations



 

2020

3R Computers is engaged in providing IT infrastructure and database management services in Estonia.

NCFA provided a business valuation for 3R Computers

estonia
NCFA role: Business valuation
Activity: IT infrastructure and database management services 

2019

Primend is a fast growing company providing IT infrastructure and database management services in Estonia and Latvia.

NCFA provided a business valuation for Primend

estonia latvia
NCFA role: Business valuation
Activity: IT infrastructure and database management services 

2018

Nõo Lihatööstus is one of the leading meat processors in Estonia with revenues of ca EUR 30 million and ca 150 employees.

NCFA provided a business valuation regarding the potential buyout of minority shareholding.

estonia
NCFA role: Business valuation
Activity: Production of meat products

Genoke Trading is a leading importer and distributor of passive fire protection solutions in the Baltics and Finland.

NCFA provided a business valuation for Genoke Trading.

estonia latvia lithuania finland
NCFA role: Business valuation
Activity: Distribution of passive fire protection solutions

2017

Artekom sells various glass sheets, mostly for construction and furniture industries in Estonia and in Scandinavia.

NCFA provided a business valuation for Artekom.

estonia 
NCFA role: Business valuation
Activity: Trading of construction glass

2014

Fenestra produces quality, energy conserving wood-aluminium windows and balcony doors. Fenestra Estonia was a subsidiary of Fenestra Finland, a leading window and door manufacturers in Scandinavia before its bankruptcy in 2014.

NCFA provided a business valuation of the Estonian entity for the local management to support the planned MBO transaction of Fenestra Estonia business operations.

estonia finland
NCFA role: Business valuation
Activity: Manufacture of doors and windows

Hyde & Associates is a law firm specialized in telecommunications law and practice. The company’s core business services consist of regulatory assessment service (RAS) and audit and licensing, which is divided into licensing work and licensing management. Its clients are global corporationsand NGOs like Visa, Transocean, UltiSat, UN, diplomatic missions etc.

NCFA provided a business valuation for the shareholders.

estonia france
NCFA role: Business valuation
Activity: Legal advisory services for telecom sector

2013

Domus Kinnisvara is offering real estate brokerage, evaluation, valorisation and investment project management services. It has become one of the leading real estate brokerage companies in Estonia.

NCFA provided a business valuation for Domus Kinnisvara.

estonia
NCFA role: Business valuation
Activity: Real estate agency services

2012

Grant Thornton Baltic is one of the leading accounting firms in the Baltics.

NCFA provided an expert opinion on business valuation of Grant Thornton Baltic.

estonia latvia lithuania
NCFA role: Business valuation
Activity: Auditing and consulting

Multipakend, headquartered in Estonia, produces corrugated cardboard packages. Its product list contains cardboard packages for food and industrial products, as well as customized solutions.

NCFA provided a business valuation for the shareholders.

estonia
NCFA role: Business valuation
Activity: Corrugated paper and paperboard container manufacturing

Marsalis Metall, headquartered in Estonia, manufactures structural steelwork and metal structures for various construction purposes. The company’s steel girders, trusses, pillars and welded girders can be found in several office, storage, industrial and commercial buildings as well in residentail buildings and different public facilities in Scandinavia.

Marsalis Metall’s revenues exceed EUR 25 million and it employs ca 100 people.

NCFA provided a business valuation for the shareholders.

estonia
NCFA role: Business valuation
Activity: Manufacture of steel structures and machinery

Ehitustehnika, headquartered in Estonia, operates a mobile and tower crane and other heavy construction machinery rental business in Scandinavia and the Baltics. The company operates more than 50 cranes with lifting capacity ranging from 4-40 tonnes.

Ehitustehnika’s revenues exceed EUR 15 million and it employs ca 50 people.

NCFA provided a business valuation for the shareholders.

estonia
NCFA role: Business valuation
Activity: Tower and crawler crane rental services

2011

Sarkop is producing customized furniture for hotels, restaurants, public spaces and cruise ships, mostly for projects in Baltics and Scandinavia. Sarkop’s production facility is based in Estonia.

estonia
NCFA role: Business valuation
Activity: Hotel, office and public space furniture manufacturing

Silvano Fashion Group is involved in design, manufacture, wholesale, franchise and retail of women’s lingerie. The group developes six lingerie, beachwear and underwear brands: Milavitsa, Lauma Lingerie, Alisee, Avelin and Laumelle for ladies and Hidalgo underwear for men.

The company has ca 700 branded own retail and franchise stores in 23 different countries. Silvano Fashion Group has more than 2000 employees in 5 countries and it generates revenue of ca EUR 60 million. The company is listed in Nasdaq OMX Tallinn and Warsaw Stock Exchange.

The private equity house, owning majority of Silvano Fashion Group, became distressed and unable to service its debts. NCFA provided a fairness opinion for the shareholders in relation to foreclosure of pledged shares by the debtors.

estonia latvia belarus russian federation ukraine
NCFA role: Fairness opinion
Activity: Manufacture of women lingerie

Rigas Piensaimnieks is one of the leading Latvian dairy companies. Darby Overseas Investments had provided a convertible mezzanine loan to the company, which it failed to service. As a result, Darby Overseas Investments converted its mezzanine loan and became the majority shareholder in Rigas Piensaimnieks.

NCFA provided a business valuation of Rigas Piensaimnieks for Darby Overseas Investments in relation to the conversion of debt to equity.

Darby Overseas Investments, focusing on emerging markets, is part of US investment management company Franklin Templeton Investments. Franklin Templeton Investments is listed in NYSE, its shares are included in Standards & Poor’s 500® index and its assets under management exceed 5 billion dollars.

latvia
NCFA role: Business valuation
Activity: Manufacture of dairy products


Nordic CF Advisory OÜ

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