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www.pwc.fi<br />
Great deal better<br />
<strong>PwC</strong> Corporate F<strong>in</strong>ance<br />
November 2012
<strong>PwC</strong> Network<br />
<strong>PwC</strong> provides <strong>in</strong>dustry-focused assurance, tax and advisory services to enhance value for our clients. More than<br />
169,000 people <strong>in</strong> 158 countries across the <strong>PwC</strong> network share their th<strong>in</strong>k<strong>in</strong>g, experience and solutions to develop fresh<br />
perspectives and practical advice.<br />
Services Global coverage<br />
Industries<br />
Advisory<br />
Assurance<br />
Tax<br />
North America and the<br />
Caribbean<br />
South and Central<br />
America<br />
<strong>PwC</strong> People<br />
169,000<br />
people<br />
Western Europe<br />
Middle East and<br />
Africa<br />
Global<br />
158<br />
countries<br />
771<br />
locations<br />
Central and Eastern<br />
Europe<br />
Asia<br />
Australia and<br />
Pacific Islands<br />
Consumer &<br />
Industrial Products<br />
and Services<br />
F<strong>in</strong>ancial Services<br />
Technology, Media &<br />
Telecommunications
<strong>PwC</strong> <strong>in</strong> F<strong>in</strong>land<br />
<strong>PwC</strong> employs over 750 professionals with<strong>in</strong> Advisory, Assurance and Tax <strong>in</strong> 20 cities <strong>in</strong> F<strong>in</strong>land. Our turnover <strong>in</strong> F<strong>in</strong>land<br />
was EUR 97,6 million dur<strong>in</strong>g f<strong>in</strong>ancial year ended 30 June 2012.<br />
Advisory<br />
� Deals:<br />
� Corporate F<strong>in</strong>ance<br />
� Transaction Services<br />
� Consult<strong>in</strong>g<br />
<strong>PwC</strong> F<strong>in</strong>land<br />
Assurance<br />
� F<strong>in</strong>ancial statement audits<br />
� Public sector<br />
� International account<strong>in</strong>g<br />
pr<strong>in</strong>ciples and f<strong>in</strong>ancial<br />
statement practices<br />
� System audits<br />
� F<strong>in</strong>anc<strong>in</strong>g audits<br />
Tax<br />
� Corporate Income Tax<br />
� Global Compliance Services<br />
� Personal Taxation<br />
� Mergers & Acquisitions<br />
� Indirect Tax<br />
� Corporate Law and<br />
� Transfer Pric<strong>in</strong>g.
Our deal advisers connect you to the world’s<br />
growth markets<br />
North &<br />
Central<br />
America<br />
75<br />
Lat<strong>in</strong><br />
America<br />
80<br />
Western<br />
Europe<br />
Middle East<br />
& Africa<br />
600<br />
50<br />
75<br />
CEE<br />
300<br />
90<br />
India &<br />
SE Asia<br />
Australasia<br />
Over 1,300 experienced CF advisers across the global<br />
Central &<br />
East Asia<br />
65
The Global M&A Network<br />
The benefits of work<strong>in</strong>g with us<br />
1<br />
2<br />
3<br />
4<br />
5<br />
6<br />
Sector focused, local delivery and genu<strong>in</strong>e global reach<br />
Relationships at multiple levels with key third parties<br />
A “hands-on” approach to deal execution – really assist management with<br />
the “heavy lift<strong>in</strong>g” and ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g the <strong>in</strong>tegrity of sensitive <strong>in</strong>formation<br />
Experienced and credentialed team with a track record of deliver<strong>in</strong>g<br />
Absolute commitment to deliver the best deal for the shareholders –<br />
irrespective of tim<strong>in</strong>g<br />
An <strong>in</strong>tegrated approach deliver<strong>in</strong>g and leverag<strong>in</strong>g the full <strong>PwC</strong> support<br />
package – strategic advice, Corporate F<strong>in</strong>ance advice, shareholder and corporate<br />
taxation, audit<br />
<strong>PwC</strong> has the local<br />
relationships,<br />
presence and<br />
understand<strong>in</strong>g to<br />
work with<strong>in</strong><br />
<strong>in</strong>creas<strong>in</strong>gly<br />
complex and<br />
varied regulatory<br />
regimes across<br />
the globe
Do<strong>in</strong>g deals across the globe<br />
263 deals<br />
€37.64bn<br />
Americas<br />
1,654 deals<br />
€222.94bn<br />
Western<br />
Europe<br />
34 deals<br />
€3.06bn<br />
Middle East &<br />
Africa<br />
768 deals<br />
€91.90bn<br />
Asia<br />
470 deals<br />
€19.88bn<br />
Australasia<br />
In the last 10 years, we provided f<strong>in</strong>ancial advice on 3,278 deals globally, valued at<br />
more than $382 billion, of which over 40% were cross border<br />
Source: Thomson F<strong>in</strong>ancial January 2012<br />
89 deals<br />
€6.99bn<br />
CEE
<strong>PwC</strong>’s established position <strong>in</strong> the European<br />
Mid-Market<br />
League Table of F<strong>in</strong>ancial Advisers<br />
to European Buyouts* (by volume) 2011<br />
Rank<strong>in</strong>g Adviser Value Deal<br />
(US$m) count<br />
1<br />
2<br />
3<br />
4<br />
5<br />
6<br />
7<br />
8<br />
9<br />
10<br />
<strong>PwC</strong><br />
Deloitte<br />
Lazard<br />
Ernst&Young<br />
Grant Thornton Corporate F<strong>in</strong>ance<br />
KPMG<br />
Goldman Sachs<br />
DC Advisory Partners<br />
Rotschild<br />
HSBC<br />
878<br />
790<br />
6,341<br />
402<br />
192<br />
1,191<br />
13,603<br />
2,326<br />
6,578<br />
11,145<br />
Source: Merger Market, Round-up for Year End 2011<br />
*Based on the target geography only and the advisor advis<strong>in</strong>g the buy-side only.<br />
22<br />
17<br />
14<br />
14<br />
14<br />
13<br />
12<br />
12<br />
11<br />
10<br />
Mid-market deal of the Year Upper Mid Market M&A Adviser of<br />
the Year 2009<br />
Rank<strong>in</strong>g Adviser Rank No of<br />
value (US$m) deals<br />
1<br />
2<br />
3<br />
4<br />
5<br />
6<br />
7<br />
8<br />
9<br />
10<br />
F<strong>in</strong>ancial Advisers to Nordic M&A (by volume)<br />
H1 2012<br />
<strong>PwC</strong><br />
Nordea Corporate F<strong>in</strong>ance<br />
SEB Enskilda<br />
Handelsbanken Capital Markets<br />
Carnegie Investment Bank<br />
Deutsche Bank<br />
AGB Sundal Collier<br />
DNB Markets<br />
Goldman Sachs<br />
JP Morgan<br />
Source: Merger Market, July 2012<br />
Acquisitions<br />
Monthly Awards<br />
Upper Mid-<br />
Market Adviser<br />
of the Year<br />
2010 & 2011<br />
580<br />
7,149<br />
3,545<br />
4,819<br />
1,298<br />
18,154<br />
4,789<br />
1,082<br />
8,722<br />
5,751<br />
FT & Mergermarket<br />
European M&A<br />
Awards<br />
<strong>PwC</strong> is shortlisted <strong>in</strong> categories:<br />
Mid-market F<strong>in</strong>ancial Advisor of<br />
the Year<br />
Private Equity F<strong>in</strong>ancial Advisor<br />
of the Year<br />
Accountancy Firm of the Year<br />
2012<br />
18<br />
15<br />
15<br />
9<br />
9<br />
8<br />
8<br />
8<br />
7<br />
7
Selected F<strong>in</strong>nish credentials<br />
Sale of Deltamar<strong>in</strong> Ltd<br />
to<br />
AVIC International<br />
Investments Limited<br />
for €32 m<br />
Vendors advised by<br />
December 2011<br />
E18 Koskenkylä-Kotka PPP project,<br />
where<br />
a project company owned by<br />
signed a €623 million service<br />
agreement with<br />
The F<strong>in</strong>nish Transport Agency<br />
Consortium advised by<br />
October 2012<br />
Acquisition of<br />
OK Per<strong>in</strong>tä<br />
by<br />
Acquirer advised by<br />
Acquisition of the technical services<br />
bus<strong>in</strong>ess of Avelon Autologistics Oy<br />
by<br />
Assistor Oy Ab<br />
Acquirer advised by<br />
September 2012<br />
October 2011<br />
Sale of<br />
to<br />
by<br />
Vendors advised by<br />
January 2012<br />
Rauno Asonen &<br />
Esa Mylläri<br />
Sale of Steam Communications Oy<br />
to<br />
Vendor advised by<br />
September 2011<br />
Sale of Energate Oy<br />
by<br />
to<br />
Vendor advised by<br />
Acquisition of<br />
by<br />
from<br />
Acquirer advised by<br />
December 2011<br />
and m<strong>in</strong>ority shareholders<br />
July 2011
Selected F<strong>in</strong>nish credentials<br />
Redemption of m<strong>in</strong>ority<br />
shares of<br />
from<br />
Fibox advised by<br />
Acquisition of gas stations<br />
<strong>in</strong> F<strong>in</strong>land and Sweden of<br />
by the owner of<br />
for €460m<br />
Acquirer advised by<br />
June 2011<br />
October 2010<br />
Acquisition of Philipson Västra<br />
Svealand Bil AB<br />
by<br />
Veho Group Oy Ab<br />
Acquirer advised by<br />
Acquisition of Goodstone Oy<br />
by<br />
Acquirer advised by<br />
March 2011<br />
June 2010<br />
Sale of Vemic Oy Ab and Mitsubishi<br />
retail operations<br />
to<br />
by<br />
Vendor advised by<br />
Public Takeover of<br />
by<br />
Raisio advised by<br />
December 2010<br />
April 2010<br />
Acquisition of<br />
by<br />
Acquirer advised by<br />
Acquisition of Maan Auto Oy<br />
from SOK<br />
by<br />
Acquirer advised by<br />
October 2010<br />
April 2010
Other credentials <strong>in</strong> F<strong>in</strong>land<br />
Confidential<br />
Evaluation of a F<strong>in</strong>nish<br />
biotechnology company.<br />
Tectia Oyj<br />
Valuation of patent portfolio.<br />
Energiateollisuus<br />
2012<br />
2011<br />
2011<br />
F<strong>in</strong>ancial advisor of F<strong>in</strong>nish Energy Industries<br />
<strong>in</strong> evaluation of new regulatory guidel<strong>in</strong>es<br />
proposed by the Energy Market Authority.<br />
Gasum Oy<br />
F<strong>in</strong>ancial simulation analysis.<br />
A-Katsastus Hold<strong>in</strong>g Oy<br />
Valuation of bus<strong>in</strong>ess enterprise.<br />
Skand<strong>in</strong>aviska Enskilda Banken<br />
Valuation of transferr<strong>in</strong>g bus<strong>in</strong>ess.<br />
2012<br />
2011<br />
2010<br />
Moventas Santasalo Oy<br />
Moventas W<strong>in</strong>d Oy<br />
Valuation of patent portfolio<br />
Kouvolan kaupunki<br />
Valuation of equity value of<br />
Tykkimäen vapaa-aikakeskus Oy.<br />
Suomen itsenäisyyden<br />
juhlarahasto SITRA<br />
2011<br />
2011<br />
2010<br />
Valuation of an eng<strong>in</strong>eer<strong>in</strong>g <strong>in</strong>dustry system<br />
supplier.<br />
Moventas Santasalo Oy<br />
Moventas W<strong>in</strong>d Oy<br />
Valuation of bus<strong>in</strong>ess enterprise.<br />
Kymppivoima Oyj & EPV Energia<br />
F<strong>in</strong>ancial advisor of EPV Energia and<br />
Kymppivoima <strong>in</strong> the sale of <strong>in</strong>direct ownership<br />
of Transmission Grid Company F<strong>in</strong>grid.<br />
Panx Oy<br />
Valuation of the bus<strong>in</strong>ess of Panx Oy.<br />
2011<br />
2011<br />
2010
F<strong>in</strong>nish Corporate F<strong>in</strong>ance team<br />
Harri Valkonen<br />
Partner<br />
M.Sc. (Economics), LI.M.<br />
<strong>PwC</strong> (’06-), Nordea<br />
Corporate F<strong>in</strong>ance (’98 – ’06),<br />
Merita/ SYP (’80-’98)<br />
Hannu Keränen<br />
Director<br />
M.Sc. (Economics)<br />
<strong>PwC</strong> (’09-), FIM Corporate<br />
F<strong>in</strong>ance (’01–’08), E&Y (’00 – ’01),<br />
Handelsbanken (’95 – ’00)<br />
Cél<strong>in</strong>e Jost<br />
Manager<br />
Ph.D. (Applied Mathematics)<br />
<strong>PwC</strong> (’08-),<br />
University of Hels<strong>in</strong>ki (’02 – ’07)<br />
Anna Mäkipeska<br />
Manager<br />
M.Sc. (Economics), CEFA<br />
<strong>PwC</strong> (’08-), Glitnir Bank<br />
(’06 – ’08), FIM ’04 - ’06), Kraft<br />
Foods (’03 – ’04), FIM(’00 – ’03)<br />
Matias L<strong>in</strong>dholm<br />
Partner<br />
MBA, M.Sc.<br />
(International account<strong>in</strong>g)<br />
<strong>PwC</strong> (’96-),<br />
Price Waterhouse (’88 – ’96)<br />
Jaakko Kilpelä<strong>in</strong>en<br />
Director<br />
M.Sc. (Economics &<br />
Computer Science)<br />
<strong>PwC</strong> (’01-), MECRASTOR (’81 – ’01)<br />
Matts Kirkkomäki<br />
Manager<br />
M.Sc. (F<strong>in</strong>ance)<br />
<strong>PwC</strong> (‘08-),<br />
Sampo Pankki (’07 – ’08)<br />
Tom Nyman<br />
Manager<br />
Bachelors degree<br />
<strong>PwC</strong> (’10),<br />
CapMan Plc (’09 – ’10), <strong>PwC</strong> (’06 –<br />
’09), Morgan Stanley (’06)<br />
Mika Lelikakis<br />
Associate<br />
M.Sc. (Eng<strong>in</strong>eer<strong>in</strong>g)<br />
<strong>PwC</strong> ('11-), Veraventure ('10-'11),<br />
Aalto University ('10-'11)<br />
Kimmo Vilske<br />
Partner<br />
M.Sc. (Eng<strong>in</strong>eer<strong>in</strong>g), CEFA<br />
<strong>PwC</strong> (’99-), EL-EX<br />
Nord Pool (’98), Hels<strong>in</strong>ki Exchanges<br />
Ltd.(’96 – ’98), ABB (’93 – ’96)<br />
Thomas Blumberg<br />
Assistant Director<br />
M.Sc. (Economics), CEFA<br />
<strong>PwC</strong> (’05-),<br />
Pukkila Oy (’03 – ’05)<br />
Helmi Leppänen<br />
Manager<br />
CFA, M.F<strong>in</strong>.<br />
<strong>PwC</strong> (’06-)<br />
Esko Saura<br />
Manager<br />
M.Sc. (Economics), LL.M.<br />
<strong>PwC</strong> (’06-),<br />
University of Hels<strong>in</strong>ki (’04 – ’05)<br />
Tony L<strong>in</strong>droos<br />
Associate<br />
M.Sc. (F<strong>in</strong>ance)<br />
<strong>PwC</strong> (‘12-)<br />
Mauri Hätönen<br />
Director<br />
M.Sc. (Electrical Eng<strong>in</strong>eer<strong>in</strong>g)<br />
<strong>PwC</strong> (’05-), Sydkraft Ab (’04 – ’05),<br />
Espoon Sähkö Oyj (’87 – ’04)<br />
Pasi Mäenpää<br />
Assistant Director<br />
M.Sc. (F<strong>in</strong>ance)<br />
<strong>PwC</strong> (’05-), Accenture Oy (’04 –<br />
’05), Oulu University (’03 – ’04)<br />
Jukka Metsälä<br />
Manager<br />
M.Sc. (Technology), MBA<br />
<strong>PwC</strong> (’11-),<br />
F<strong>in</strong>grid Oyj (’03 – ’11)<br />
Ari Tia<strong>in</strong>en<br />
Manager<br />
M.Sc. (Technology)<br />
<strong>PwC</strong> (‘10-), Sofia Bank (’09 – ’10),<br />
Access Partners (’07 – ’08)
Contact <strong>in</strong>formation<br />
For further <strong>in</strong>formation please contact:<br />
Tel. no. +358 9 22800<br />
e-mail: firstname.lastname@fi.pwc.com<br />
www.pwc.fihttp://www.fi.pwc.com<br />
This publication has been prepared for general guidance on matters of <strong>in</strong>terest only, and does<br />
not constitute professional advice. You should not act upon the <strong>in</strong>formation conta<strong>in</strong>ed <strong>in</strong> this<br />
publication without obta<strong>in</strong><strong>in</strong>g specific professional advice. No representation or warranty<br />
(express or implied) is given as to the accuracy or completeness of the <strong>in</strong>formation conta<strong>in</strong>ed<br />
<strong>in</strong> this publication, and, to the extent permitted by law, PricewaterhouseCoopers Oy, its<br />
members, employees and agents do not accept or assume any liability, responsibility or duty of<br />
care for any consequences of you or anyone else act<strong>in</strong>g, or refra<strong>in</strong><strong>in</strong>g to act, <strong>in</strong> reliance on the<br />
<strong>in</strong>formation conta<strong>in</strong>ed <strong>in</strong> this publication or for any decision based on it.<br />
© 2012 PricewaterhouseCoopers Oy. All rights reserved. In this document, “<strong>PwC</strong>” refers to<br />
PricewaterhouseCoopers Oy which is a member firm of PricewaterhouseCoopers International<br />
Limited, each member firm of which is a separate legal entity.
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