We believe that every successful transaction strengthens Finnish society and economy.

We make Finland more dynamic by making Finnish companies stronger and more attractive investment targets.

Origo Partners creates value and dynamism. We combine the best possible owners, resources and financing to create growth.

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ABOUT US

We create value in meaningful transitions.

Origo Partners is an employee-owned corporate finance house that specializes in demanding mergers and acquisitions, financing transactions and special situations. We act as a strategic partner in situations where success requires extensive experience and problem-solving skills.
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Our mission is to strengthen the Finnish corporate sector by making domestic companies stronger and more attractive investment targets. We make an impact with every successful transaction that build the future of Finnish economy.
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Origo's way of working

Senior-level ownership drives cooperation. Our clients can leverage an experienced team that stands behind its promises until the end of the process.

We bring our clients tools with international standards without bureaucracy. We challenge traditional operating methods in the industry by utilizing artificial intelligence-based analytics and global databases.

We can handle special situations that others often avoid. We see opportunities where others see only risks and dare to be creative in situations that might appear dead ends.

We are results-oriented. We are known for our ability to bring even difficult negotiations to a successful conclusion and are ready to share the risk with the client.

SERVICES
We offer advice and solutions for M&A and financing transactions with international standards.
For us, expertise means knowledge, actions and personal commitment to the result. We combine experience and modern technology.
01 — Sell-side
We act as an advisor in all aspects of the sale process. Our services cover everything from domestic sale processes to international transactions and public tender offers. We advise our clients on complex transactions that require experience and problem-solving skills to succeed.
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02 — Buy-side
Origo’s partners are experienced buy-side advisors. We have completed several strategic projects for companies, investors and entrepreneurs. For many repeat clients, we are already an integral part of the strategy execution.
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03 — Debt advisory and special situations
Origo advises companies, investors and public entities on raising, restructuring and optimizing debt financing. We also advise on the assessment of capital structure alternatives, structuring and raise of both equity and debt financing for companies in distress.
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04 — Valuation
Origo's valuation services help companies, shareholders and other stakeholders understand the value of the company, make informed strategic decisions and attract investors. Our valuation is based on a strong theoretical foundation and international experience.
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05 — Equity financing
Origo advises public and private companies on raising capital efficiently, strategically and at the lowest possible cost. We operate at the interface between companies and investors.
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06 — fairness opinioN
Origon’s fairness opinions provide an objective assessment to support informed decision making and help maintain transparency and accountability in significant M&A transactions.
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O1. SELL-SIDE

An experienced M&A advisor can add significant value to a sale process in many other ways than just finding buyers.

The greatest value is usually created by leading the process, positioning the company, building negotiation power and ensuring the transaction is executed.

In a typical sell-sale engagement, Origo takes responsibility for coordinating the project, working in seamless cooperation with the company's owners, board, management and other advisors. We carefully study the company and identify the most likely international and domestic strategic buyers, utilizing our contact network and the most advanced M&A databases.

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We have years of experience in building investor stories, valuing companies and justifying the valuation to buyers. We can propose the solution that creates the most value for your situation and we understand the importance of the right timing for the end result. We actively participate in the preparation of documentation together with other advisors and support in negotiations.

O2. BUY-SIDE

The best targets on the market are rarely public knowledge.

We open doors to targets that your competitors don’t even know are for sale.

In a typical buy-side engagement, Origo takes responsibility for coordinating the project, working in seamless cooperation with the company’s owners, board, management and other advisors.

We carefully study the target, and utilizing our contact network and the most advanced M&A databases, we identify the most likely competing bidders.

We assess future potential, synergies, and strategic value to the buyer, based on which we form a comprehensive view on the value of the target.

We prepare a high-quality offer letter on behalf of our client, advise on tactics and strive to position our client as the preferred bidder.

We participate in the preparation of documentation together with other advisors and support in negotiations. If needed, we will support you even during the integration phase.

O3. DEBT FINANCING AND SPECIAL SITUATIONS

When traditional solutions are not enough and time is running out, you need a partner who is not afraid of challenges.

We see a way out where others only see a tunnel.

Origo's services related to financing include assisting companies in obtaining bank loans, syndicated loans, bonds, mezzanine financing, acquisition financing or project financing.

Origo carefully studies the client's situation, assesses the debt capacity and models the different options. Based on this background work, we prepared materials, contact financing providers and negotiate terms, including covenants. In a typical engagement, Origo takes responsibility for project coordination, working in seamless cooperation with the company's owners, board, management and other advisors.

We actively participate in the preparation of documentation together with other advisors and support in negotiations.

Origo also advises companies, investors, creditors and debtors on the evaluation of strategic alternatives, structuring and obtaining equity and debt financing for companies in distress.

O4. VALUATION

A professionally conducted valuation brings confidence in decision-making.

We use artificial intelligence and data to bring certainty where others guess.

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Origo always uses several valuation methods in parallel in its engagements. The most common valuation methods we use are: Trading Comps, Precedent Transactions Analysis, Discounted Cash Flow Analysis (DCF), Leveraged Buyout Analysis (LBO), Sum-of-the-Parts (SOTP) and Asset-Based Valuation.

We have access to a full range of databases used by international investment banks, which in addition to searching for market information can be used, for example, to identify acquisition targets or investors.

O5. EQUITY FINANCING

Getting funding depends on who believes in your story.

We prepare your company in a way that investors compete for the opportunity to finance your growth.

With our help, a public company can raise more capital after listing. A typical situation could be, for example, financing an acquisition with a directed share issue to the seller or equity financing as part of a larger financing arrangement.

Origo is also an active player in private financing rounds (Private Placements), where capital is raised from a limited number of investors without a public offering.

Typical investors in private placements include: private equity investors, venture capital funds, family offices and institutional investors, with whom Origo has established connections.

FAIRNESS OPINION

A fairness opinion helps to understand whether a complex transaction as a whole is reasonable from a financial point of view.

In investment banking, a fairness opinion is an independent expert opinion on whether the terms of a transaction are fair to the client or its shareholders from a financial point of view. It is most commonly used in M&A and related party transactions.

Origo’s fairness opinion helps boards and shareholders assess whether the transaction price is economically justified. In addition, it helps board members demonstrate that they have fulfilled their duty of care and acted responsibly when approving a transaction.

ReferenCES

The results speak for themselves.

Origo's team has acted in various positions as advisors and principals in nearly 200 completed transactions, the largest of which exceeded billion euros.

Gofore

Origo acted as advisor to Gofore in the sale of Product Design & Technical Documentation business to CoE Group. Prior to transaction closing, the business will be incorporated as its own company by way of a partial demerger.
Deal value: €6.4m
LUE LISÄÄ

Iiwari

Origo acted as advisor in the financing round of growth company Iiwari. Iiwari is a company specializing in indoor positioning, with strong demand for its solutions particularly in the healthcare sector.
Deal value: undisclosed

Summa Defence

Summa Defence Oy was listed on Nasdaq's First North exchange in Stockholm and Helsinki through a share exchange with Meriaura Group Oyj. Origo acted as Summa Defence's advisor in the transaction and listing.
Deal value: €225m
LUE LISÄÄ

Sunborn International

Sunborn International Oy was listed on Nasdaq's First North exchange in Helsinki through a share exchange with Rush Factory Oyj. Origo acted as Sunborn International's advisor in the transaction and listing.
Deal value: €87m
LUE LISÄÄ

Sunborn Finance

Spa hotel business Sunborn Finance refinanced its bond through a club deal. As part of the consideration, bondholders were offered to subscribe to shares in its sister company Sunborn International, which was preparing an IPO. Origo acted as Sunborn Finance's advisor in the financing arrangement.
Deal value: €45m

Press Release 22.6.2026

Gofore sells product design business acquired with Huld transaction to CoE Group

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Digital transformation expert company Gofore has agreed to sell the Product Design & Technical Documentation business, acquired last autumn, to the Finnish energy and industry design and consulting company CoE Group. The business being sold is part of Huld Oy before the transaction is completed. Huld Oy is undergoing a partial demerger, after which this business will be incorporated as its own company. It covers the design and technical documentation of physical products and device assemblies for industry and the defense sector, employing about 120 experts.

The business acquisition agreement was signed today, 22 June 2026, and the transaction is expected to be completed around 1 September 2026, once the ongoing partial demerger of Huld Oy is finalised and the business being sold is incorporated. The entire share capital of the new company will be sold to CoE once the incorporation is complete. The business arrangement does not require approval from the competition authority.

The purchase price of the business being sold is estimated at EUR 6,4 million, subject to customary closing adjustments. Gofore expects to record an estimated capital gain of EUR 0,5 million from the transaction.

The staff of the product design and technical documentation business will continue in Gofore’s organization for the time being and will transfer to CoE’s employment once the transaction is completed. In connection with the transaction, Gofore and CoE have also entered into a comprehensive cooperation agreement, allowing both companies to offer complementary services to their customers.

– When it comes to products for the industrial and defense sector, Gofore’s core expertise is in combining the digital lifecycle, data, and software of physical products and production environments. The Huld acquisition significantly strengthened our digitalisation expertise in the industrial and defense sector, which will remain our focus going forward. Becoming part of CoE Group provides a natural new home for the product design, device design, and technical documentation business and its experts, where the team’s expertise is in strategic focus. In many projects, we will continue to serve our customers together, comments Gofore’s CEO Mikael Nylund.

– We are excited in welcoming approximately 120 new experts to Finland’s biggest small engineering office. Through this acquisition we significantly strengthen our know-how and ability to provide even wider and more multifaceted service entities to our customers. At the same time our expertise will broaden to benefit of both current and future customers. Most of all, we feel privileged in receiving a big group of planning and documentation experts to our organisation, as their know-how will further strengthen our ability to execute demanding projects even better, says CoE Group CEO Sami Kivioja.

CoE Group is a growing Finnish design and consulting company with 180 experts, offering specialist services especially for the needs of green energy and industry. CoE represents top Finnish technology industry expertise and values the wellbeing and development of its work community. With this acquisition, CoE significantly strengthens its Machine & Product Engineering division, especially in mechanical design, and expands its ability to serve customers in industrial production facilities with automation, electrical, and mechanical design. CoE Group’s net sales were 12,3 million euros in 2025.

Gofore is a European consultancy, technology, and solutions company. We are pioneers in combining the tangible and digital worlds, as well as technological opportunities with changes in human behavior. Our experts help our customers look beyond today’s immediate and obvious needs. We are building a safe, functioning, and a responsible society and industry with their products and services. Gofore consists of nearly 1,900 experts in business, AI adoption, transformation, and the design and development of products and digital services, operating across 26 cities in Finland, Germany, Austria, Liechtenstein, Czechia, Estonia, and Spain. Our net sales were 191.4 million euros in 2025. Gofore Plc’s share is listed on Nasdaq Helsinki.

Company Announcement 29 January 2025

Meriaura Group Plc and Summa Defence Oy to merge into a new group of companies in the defence sector

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On 29 January 2025, Meriaura Group Plc (“Meriaura Group”) signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence Oy (“Summa Defence”), which brings together defence and security companies. The transaction will create a strong group of companies focusing on safety and security of supply in Finland, in which dual-use technology will play a significant role. In connection with the arrangement, the Marine Logistics business (Meriaura Oy and its wholly owned subsidiary VG-EcoFuel Oy) will be sold to Meriaura Invest Oy. The name of the new listed company will be Summa Defence Plc. The holding of Meriaura Group’s current shareholders in the new group of companies will be 11.9%, and that of Summa Defence’s current shareholders will be 88.1%.

Information about the transaction

The transaction is to be implemented through a share exchange by carrying out a directed share issue to the shareholders of Summa Defence (“Share Exchange”). The value of Summa Defence’s share capital is determined at around EUR 185 million in the share exchange agreement, and that of Meriaura Group at around EUR 40.4 million. The subscription price in the share exchange will be EUR 0.04657136 per share. Summa Defence’s shareholders will own around 88.1% of the new group of companies after the implementation of the whole arrangement. As a result of the Share Exchange, the number of Meriaura Group shares will increase to approximately 4,839,199,763 shares. The current number of shares in Meriaura Group is 866,801,277. In the transaction, Meriaura Group will direct a total of approximately 3,972,398,486 shares to the owners of Summa Defence.

Prior to the Share Exchange, Summa Defence will carry out a directed paid share issue of around EUR 25.1 million to certain convertible bond holders and parties that have made an investment commitment (collectively “Investors”). In addition, Summa Defence has entered into five share exchange agreements to acquire six different companies as its subsidiaries. These companies are Lännen Tractors Oy, Lännen MCE AB, Aquamec Oy, Nordic Yards Oy and its subsidiary Uudenkaupungin Työvene Oy, Intlog Oy and LightSpace Group Inc (USA) (collectively “Target Companies”). In addition, Summa Defence has agreed to purchase Sybimar Oy shares from Aura Mare Oy, which is controlled by Jussi Mälkiä, the CEO and board member of Meriaura Group Oyj, and partly owned by Ville Jussila, a board member of Meriaura Group Oyj. In addition, the Summa Defence Group includes the subsidiary Summa Drones Oy and its subsidiaries Summa - Elf Ground Oy, Summa - Elf Shield Oy, Summa - Elf Sky Oy, Summa - KORT Oy, Summa - MPS Oy, and Summa - Skyassist Oy.

The share exchanges related to the acquisition of the Target Companies and shares of Sybimar Oy will be carried out prior to the execution of the Share Exchange. The Investors and the shareholders of the Target Companies and Aura Mare Oy will therefore first become shareholders of Summa Defence, and when the Share Exchange is completed, they will exchange their shares in Summa Defence for the corresponding new shares issued by Meriaura Group.

Meriaura Group’s shareholding will be divided after the Share Exchange as follows:

  • Summa Defence’s founders, current owners of the Target Companies, Aura Mare Oy and Investors: 82.1%
  • Meriaura Invest Oy: 11.2%
  • Meriaura Group’s current owners (excluding Meriaura Invest Oy): 6.7%

Information about Summa Defence

Summa Defence is a Finnish defence and security technology group that brings together companies in the field of security. The company operates in the areas of situational awareness, mobility, defence and security of supply.

Summa Defence focuses on companies whose products and technologies are suitable for both the defence and civilian markets. Companies must also have the courage to grow internationally, especially in NATO member countries. Summa Defence serves as a platform that combines the expertise and production capacity of individual companies with the needs of the customer and accelerates the start of production and the commissioning of products.

Its subsidiaries operate under their own identities, but as part of a larger Summa Group, they can benefit from mutual synergies and participate in larger projects. Summa Defence promotes the innovations of its subsidiaries internationally and supports their commercialisation.

Company Announcement December 5, 2024

Rush Factory Oyj has signed a conditional share exchange agreement for the entire share capital of Sunborn International Holding Oy

Rush Factory Corporation (“Company” or “Rush Factory”) has today, on 5 December 2024, signed a conditional share exchange agreement with Sunborn Oy, PM Ruukki Oy, Jerovit Investment Oy and Oy Haapalandia Invest Ltd, pursuant to which it will acquire Sunborn International Holding Oy (“SBIH”) through a share exchange (the “Share Exchange Agreement”). SBIH is a hospitality company that develops and owns yacht hotels and other floating structures and provides hotel services therein.

Key Terms of the Transaction

Rush Factory will acquire all shares of SBIH through a transaction in which approximately 562,072,165 shares (the “Consideration Shares”) will be issued to the shareholders of SBIH in a directed share issue at a subscription price of approximately EUR 0.1532 per share. The subscription price of the shares will be paid in kind with SBIH shares (the “Share Exchange”). As a result of the Share Exchange and other directed share issues of Rush Factory to be carried out in connection with the Share Exchange, the total number of shares in the Company will increase from 2,360,798 shares to approximately 568,600,297 shares, assuming that Rush Factory’s other directed share issues are completed as planned.

The calculated equity value of SBIH in the Share Exchange has been set at EUR 86.1 million, assuming that certain individual and independent investors who refer to themselves as AktiiviOmistaja (the “Investors”) invest a total of EUR 11.8 million in SBIH prior to the completion of the Share Exchange, and that the equity value of Rush Factory has been set at EUR 1 million in the Share Exchange. In addition to the aforementioned total investments of EUR 11.8 million, SBIH is considering issuing new shares or using treasury shares in its possession in order to raise approximately EUR 3 million in gross proceeds prior to the completion of the Share Exchange.

Pursuant to the Share Exchange Agreement, the calculated equity value of SBIH will be adjusted on a euro-for-euro basis, and the number of Consideration Shares to be received by the sellers will be increased accordingly. Changes in the equity valuation and, consequently, in the number of Consideration Shares will also affect the post-Share Exchange shareholdings and the distribution of ownership. The calculated equity value of SBIH, the numbers of shares, and the distribution of ownership following the Share Exchange stated in this release do not include the effects of the approximately EUR 3 million directed share issue under consideration by SBIH.

SBIH operates in the accommodation sector and develops and owns yacht hotels and other floating structures, as well as provides hotel services in such facilities. Currently, SBIH owns and operates two yacht hotels located in London and Gibraltar. Yacht hotels are vessels purpose-built for hotel operations and moored in unused or underutilized waterfront areas of cities. In addition, SBIH is planning the world’s first carbon-neutral yacht hotels, the first of which is intended to be located in London by the end of 2026 and the second in North America during 2027.

Upon completion of the Share Exchange, Rush Factory will expand its business into SBIH’s operations. The merger with SBIH will provide Rush Factory with expertise in the design and construction of floating structures and event centers, significantly complementing and expanding Rush Factory’s business model. Admission to trading on the Nasdaq First North Growth Market Finland (“First North”) is a key part of SBIH’s growth strategy, as it enables more efficient capital raising to scale SBIH’s business. The Share Exchange will therefore create significant value for the shareholders of Rush Factory and SBIH in the group formed through the merger (the “Sunborn International Group”) by opening up expanded business opportunities. The Share Exchange and the directed share issues carried out in connection with it will stabilize and strengthen the financial position of the Sunborn International Group and provide capital for the construction of a new yacht hotel in London.

The objective of the Sunborn International Group is to achieve revenue of EUR 60 million and operational EBITDA of EUR 24 million by 2028. SBIH estimates its pro forma revenue for 2024 to be EUR 24–25 million and pro forma operational EBITDA to be EUR 5–6 million. SBIH’s pro forma revenue for 2023 was EUR 23.8 million and pro forma operational EBITDA was EUR 5.5 million.

TEAM

Let's make the next phase of your business a success story.

Shall we sit down and see how we can maximize the value of your business?
Jussi Majamaa
Partner
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Tommi Rötkin
Partner
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Otso Harmaajärvi
Associate
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Juha Mustonen
Senior Advisor
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Jussi Majamaa

Jussi Majamaa has worked in investment banking since 1996, before starting his entrepreneurial career he worked for various Nordic banks in Helsinki and London and for a global investment bank in the City of London.

Before Origo, Jussi worked as a private equity investor and CEO at Nasdaq Helsinki-listed Sievi Capital Plc, where he was closely involved in the board work of Sievi's five portfolio companies.

Jussi has extensive experience in executing all types of M&A transactions, public offerings and private equity offerings. The knowledge, skills and perspectives he has acquired during his career can help you make better decisions, create value and execute M&A without burdening your organization. Origo's approach is built on this foundation.

In his free time, Jussi renovates a farm in the archipelago, goes boating and kayaking, and enjoys hunting and fishing, not forgetting good books.

+358 40 8424479jussi.majamaa@origopartners.fi

Tommi Rötkin

Tommi has worked in investment banking since 2008. He has worked for a global investment bank in London and as a partner in a corporate finance company in Helsinki.

Before Origo, Tommi also worked in a private equity company and as a CFO in a Nasdaq Helsinki-listed company.

His diverse experience in M&A, company development as a private equity investor, and public company operations brings a broad toolbox to engagements and certainty in the implementation of projects at all stages.

In his free time, Tommi entertains two cairn terriers, enjoys running, and tries to learn calisthenics

+358 50 3055604tommi.rotkin@origopartners.fi

Otso Harmaajärvi

During his working career, Otso has participated in a variety of M&A engagements in several different industries. He has also worked for a private equity company in Helsinki that supports the growth of Finnish companies.

His analytical approach and extensive experience in company analysis, valuation and investment assessment support the successful implementation of engagements at all stages.

In his free time, Otso enjoys floorball courts, fish-filled rapids, and watching ice hockey in Ilmala.

+358 44 0625901otso.harmaajarvi@origopartners.fi

Juha Mustonen

Juha has worked in investment banking since 2005. He has specialized in debt issuances and financing for corporates. He has held management positions in leading Nordic investment and corporate banks.

Juha has extensive experience in executing demanding financing arrangements related to investments, mergers and acquisitions as well as restructuring situations.

In his free time, Juha enjoys skiing and is learning to play tennis.

+358 50 423 8774juha.mustonen@origopartners.fi
INFINITA

International M&A alliance opens doors.

Infinita Alliance is a network of independent corporate finance advisors. All member firms are senior-led, locally rooted and globally connected. Working together, we help identify and unlock cross-border opportunities that others do not see. Member firms are located across Europe, Asia as well as North and South America.

We successfully navigate complex transactions and consistently exceed our clients’ expectations through experience, trust and shared ambition.
More information on infinita-alliance.com
CONTACT US

We are here to make sure that your company is the next success story.

Jussi Majamaa
+358 40 8424479
jussi.majamaa@origopartners.fi
Tommi Rötkin
+358 50 3055604
tommi.rotkin@origopartners.fi
Eteläesplanadi 2
00130, Helsinki
info@origopartners.fi
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