Corporate Finance

Arctica Finance's Corporate Finance department provides various services related to financial markets to small and medium sized enterprises, large cap enterprises, institutions, public entities and individuals, both domestically and internationally.

Þjónusta fyrirtækjaráðgjafar felst einkum í því að veita aðstoð og ráðgjöf á eftirtöldum sviðum:

  • Kaup og sala fyrirtækja
  • Samrunar og yfirtökur og aðrar eignarhaldstengdar breytingar
  • Nýskráningar og afskráningar fjármálagerninga
  • Fjármögnun og útboð fjármálagerninga
  • Fjárhagsleg endurskipulagning
  • Stefnumótun eignarhalds og reksturs

Arctica Finance's Corporate Finance is independent and impartial. Arctica Finance does not engage in lending activities and Corporate Finance's experts are therefore independent in their analysis, evaluation and selection of investments or financing options, which results in professional service for the benefit of clients.

Kaup og sala fyrirtækja
Fyrirtækjaráðgjöf Arctica Finance veitir ráðgjöf við kaup og sölu fyrirtækja eða rekstrareininga. Þjónustan er gjarnan verkstjórn á slíku ferli, greining tækifæra, virðismat, greining virðisaukandi þátta, ráðgjöf um aðferðafræði, umsjón með samningaviðræðum, fjármögnun og lúkning viðskipta.

Þegar leitað er að fyrirtækjum eða rekstrareiningum til kaups, felst þjónusta Arctica Finance m.a. í að velja álitleg félög, kanna hvort viðkomandi félög séu til sölu og veita ráðgjöf við kaup og fjármögnun þeirra.

Arctica Finance veitir margvíslega ráðgjöf er kemur að sölu á fyrirtækjum eða rekstrareiningum. Starfað er í nánu samstarfi við seljanda við að þróa söluáætlun, finna rétta kaupandann og fá hagstæðustu kjörin. Skilningur er á því að hver seljandi hefur sínar hugmyndir og markmið við sölu og er veitt aðstoð og ráðgjöf við að ná þeim markmiðum.
Samrunar, yfirtökur og aðrar eignarhaldstengdar breytingar
Fyrirtækjaráðgjöf Arctica Finance veitir aðstoð og ráðgjöf við mótun samruna- og yfirtökuáætlana, verkstýrir slíku ferli og annast þá m.a. greiningu tækifæra, virðismat, greiningu virðisaukandi þátta, ráðgjöf varðandi aðferðafræði, umsjón með samningaviðræðum og lúkningu viðskipta. Fyrirtækjaráðgjöf hefur umsjón með framkvæmd yfirtökutilboða í hlutabréf skráðra fyrirtækja, innlausna og afskráninga hlutabréfa í kauphöll og veitir aðstoð við skuldsettar yfirtökur.
Nýskráningar og afskráningar fjármálagerninga
Fyrirtækjaráðgjöf Arctica Finance veitir aðstoð og ráðgjöf við mótun samruna- og yfirtökuáætlana, verkstýrir slíku ferli og annast þá m.a. greiningu tækifæra, virðismat, greiningu virðisaukandi þátta, ráðgjöf varðandi aðferðafræði, umsjón með samningaviðræðum og lúkningu viðskipta. Fyrirtækjaráðgjöf hefur einnig umsjón með framkvæmd yfirtökutilboða í hlutabréf skráðra fyrirtækja, innlausna og afskráninga hlutabréfa í kauphöll og veitir aðstoð við skuldsettar yfirtökur.

Arctica Finance er viðurkenndur ráðgjafi (e. Certified Adviser) og hefur heimild til þess að hafa milligöngu um skráningu á First North markaðnum. First North markaðurinn er sniðinn að þörfum vaxtarfyrirtækja sem eru að taka sín fyrstu skref á verðbréfamarkaði.
Fjármögnun og útboð fjármálagerninga
Fyrirtækjaráðgjöf Arctica Finance greinir hvers konar fjármögnunarkostir henta viðskiptavinum best. Mikil verðmæti geta falist í því að fyrirtæki sé rétt fjármagnað út frá áhættu, tímalengd og skilmálum fjármögnunarinnar. Þjónusta í tengslum við fjármögnun felst m.a. í greiningu á núverandi fjármagnsskipan og tillögum að kjörfjármagnsskipan, gerð kynninga fyrir vænta lántakendur, greiningu á fjármögnunartilboðum frá lánveitendum, aðstoð við samningaviðræður, ráðgjöf við hugsanlega hlutafjáraukningu og í tengslum við fjármögnun skuldsettrar yfirtöku. Öflun fjármagns getur farið fram með almennum og lokuðum útboðum verðbréfa.

Þjónusta af þessu tagi felst meðal annars í:
  • Að greina stöðu útgefanda
  • Að veita ráðgjöf um fjármögnun
  • Að eiga samskipti við fjárfesta
  • Að annast gerð kynninga
  • Að hafa umsjón með gerð lýsinga
  • Að hafa umsjón með skráningu verðbréfa í kauphöll
  • Að hafa umsjón með útgáfu verðbréfa í verðbréfamiðstöð (rafræn útgáfa)
  • Að veita ráðgjöf um og hafa umsjón með lokaðri sölu/útboði verðbréfa
Fjárhagsleg endurskipulagning

Fyrirtækjaráðgjöf Arctica Finance veitir fyrirtækjum hagnýta ráðgjöf um fjárhagslega endurskipulagningu. Þjónustan getur falist í:
  • Að veita ráðgjöf um fjárhagslega uppbyggingu
  • Að koma með tillögur um hugsanlegar leiðir til endurfjármögnunar
  • Að meta rekstraráætlanir ásamt því að meta áætlaða fjárfestingarþörf, með tilliti til möguleika á að greiða afborganir og vexti vaxtaberandi skulda, aðrar skuldbindingar og arð til hluthafa
  • Að setja fram tillögur varðandi breytingar á fjármagnsskipan, t.d. varðandi breytta skilmála skulda, umbreytingu skulda í hlutafé eða útgáfu nýrra hluta. Markmið slíkra tillagna er jafnan að samræma endurgreiðsluferil lána væntu fjárstreymi frá rekstri
  • Að útbúa kynningargögn fyrir lánveitendur og/eða fjárfesta
  • Að annast viðræður við kröfuhafa sem og mögulega nýja lánveitendur og/eða fjárfesta
  • Að aðstoða við gerð tilboða, endanlegra samninga og annarra löggerninga
Stefnumótun eignarhalds og reksturs
Hluthafar og lánveitendur íhuga stöðugt valkosti sína varðandi að hámarka verðmæti eigna sinna. Fyrirtækjaráðgjöf Arctica Finance býður upp á greiningu á tiltækum valkostum hvað varðar hámörkun verðmæta. Hagsmunaaðilar vilja til dæmis átta sig á hvenær sé hentugur tími til að losa eignarhald, hvort og hvenær fyrirtæki ættu að selja einstakar rekstrareiningar eða hvort þau ættu þvert á móti að stækka rekstrareiningar með yfirtökum.

Services

Acquisitions and sales of companies

Arctica Finance's Corporate Finance department advises on acquisitions and sale of companies or business units. In such a process the service is often project management, exploring opportunities, performing valuations, analysing value-adding factors, advising on structure and methodology, handling negotiations and transaction closing.

When looking for companies or business units to buy, Arctica Finance's services include choosing respectable companies, checking whether the respective companies are for sale and providing advice on their acquisition and financing.

Arctica Finance provides a variety of advice when it comes to the sale of companies or business units. We work closely with the seller to develop a sales strategy, find the right buyer and get the most favorable terms. It is understood that each seller has his own ideas and goals when selling, and assistance and advice are provided to achieve those goals.

Mergers and acquisitions and other ownership-related changes

Arctica Finance's Corporate Finance provides assistance and advice in formulating a clear merger and/or acquisition strategy, manages such a process and takes care of, among other things, opportunity analysis, value assessment, analysis of value-added factors, consultancy regarding methodology, management of negotiations and closing of transactions. Corporate Finance supervises the execution of takeover bids for shares of listed companies, redemptions and de-listings of shares on the stock exchange and provides assistance with leveraged buyouts.

Listings and de-listings of securities

Arctica Finance's Corporate Finance supervises and provides a wide range of advice when it comes to listing and de-listing of securities on the stock exchange, whether it is an initial public offering, the increase of the capital of listed companies, the listing of bond classes or the listing of other securities. Corporate Finance oversees the listing process, provides advice to companies and sellers in the preparation of listing, oversees the preparation of the necessary due diligence, oversees communications with the stock exchange and financial supervisor authority, oversees the preparation of prospectuses and investor presentations. Corporate Finance also supervises the electronic issuance of securities in the systems of securities depositories, e.g. Nasdaq CSD.

Arctica Finance is a Certified Adviser and is authorized to mediate listing on Nasdaq First North Market. The Nasdaq First North Market is tailored to the needs of growth companies that are taking their first steps as a listed company.

Financing and Offerings

Arctica Finance's Corporate Finance analyses the financing options that are most suitable or optimal for clients. Considerable value increase can often be achieved by optimizing forms of financing, based on risk, duration and terms of financing. Services related to financing include, among other things, analysis of the current financing structure and proposals for the optimal financing structure, making presentations for expected borrowers, analyzes of financing offers from lenders, assistance with negotiations, advice on a possible share capital increase and in connection with the financing of leveraged buyouts.

Financing can be raised through public or private offerings of securities. Such services include:

  • To analyse the issuer and his situation
  • To advise on forms of financing
  • To communicate with investors
  • To prepare presentation material and information memorandums
  • To prepare prospectuses
  • To manage listings of securities on the stock exchange
  • To arrange the issuing of securities electronically at securities depositories
  • To advice on and manage public or private placements of securities

Financial restructuring

Arctica Finance's Corporate Finance provides pragmatic advice on financial restructuring to its clients. Such services include:

  • To advice on financial structure
  • To propose possible alternatives for refinancing
  • To evaluate business plans and capex plans, considering free cash flow to finance the servicing of interest and capital repayments, other liabilities and dividends
  • To prepare proposals on new financial composition, e.g. amendments of terms and interest levels, conversion of debt to equity and issue new equity. The aim of such proposals is to align debt repayment profiles to the expected cash flow
  • To prepare presentation material for lenders and/or investors
  • To manage negotiations with new and/or existing stakeholders
  • To assist in preparation of proposals, agreements and other legal documents

Strategic review

Shareholders and lenders are constantly considering their options for maximizing the value of their assets. Arctica Finance's Corporate Finance offers an analysis of available options in terms of value maximization. Stakeholders want to understand, for example, when is the right time to divest, if and when companies should sell business units, or if, on the contrary, they should expand business units through acquisitions.

Personnel

The personnel of Arctica Finance‘s Corporate Finance department are all experienced in providing financial advisory services in the relevant fields of Arctica‘s target markets and they have been involved in many of the most significant transactions in Iceland in the recent years.

Jón Þór Sigurvinsson

Head of Corporate Finance

Jón Þór Sigurvinsson is the Head of Corporate Finance and one of the founders of Arctica Finance. Jón Þór worked at Landsbankinn‘s Corporate Advisory for two years from 2007 to 2008. Previously, from 2005 to 2007, Jón Þór worked at the Investment firm Straumborg, where he was responsible for the firm‘s investments in the energy sector and managing its proprietary trading. From 2004 to 2005 Jón Þór worked at CEA, the National Nuclear Energy Association of France.

Jón Þór holds an MSc degree in Energy Engineering from Université Joseph Fourier in France, a BSc degree in Mechanical- and Industrial Engineering from the University of Iceland, a BSc degree in Computer Science from the University of Iceland, and additionally holds a Securities License Certification in Iceland.

Andri Ingason

Specialist in Corporate Finance

Andri Ingason is a specialist in the Corporate Finance team at Arctica Finance. Andri joined Arctica Finance in 2018 and has since participated in many of the firm's largest Corporate Finance transactions, including Initial Public Offerings, Mergers and Acquisitions, and structured financing solutions for clients across various industries. Prior to joining Arctica Finance, Andri worked in Personal Banking at Landsbankinn.

Andri graduated with a BSc degree in Business Administration from Reykjavík University in 2018, a BA degree in Law from Reykjavík University in 2021, and additionally holds a Securities License Certification in Iceland.

Birta María Birnisdóttir

Specialist in Corporate Finance

Birta María Birnisdóttir is a specialist in Corporate Finance at Arctica Finance. She joined Arctica Finance in 2023 after completing an internship in the same department while pursuing her studies. Prior to joining Arctica Finance, Birta worked at Sjóvá.

Birta María graduated with a BSc degree in Economics and Finance from Reykjavík University in 2023 and additionally holds a Securities License Certification in Iceland.

Dagur Andrason

Specialist in Corporate Finance

Dagur Andrason is a specialist in the Corporate Finance team at Arctica Finance. Prior to joining Arctica Finance, Dagur worked in the loan division of Arion Bank alongside his studies, and prior to that, at the business growth center Gróska where he handled various projects pertaining to the operations and financing of a large real estate property.

Dagur graduated with a BSc degree in Industrial Engineering from the University of Iceland in 2023 and additionally holds a Securities License Certification in Iceland.

Grétar Brynjólfsson

Specialist in Corporate Finance

Grétar is a specialist in the Corporate Finance team at Arctica Finance. Prior to joining Arctica Finance in 2018, Grétar worked in Corporate Finance at GAMMA Capital Management and before that in Corporate Advisory at PwC.

Grétar holds an MSc degree in Finance from Lund University in Swæeden, a BSc degree in Financial Engineering from Reykjavik University and additionally holds a Securities License Certification in Iceland.

Gunnar Jóhannesson

Managing director in Corporate Finance

Gunnar Jóhannesson is a managing director and one of the founders of Arctica Finance. Gunnar began working for Landsbankinn‘s Corporate Advisory in 2004, prior to that he was a business consultant and a partner at IMG and Deloitte. Gunnar has been involved in a substantial amount of projects involving the acquisition or sale of companies.

Gunnar holds an M.Sc. degree in Industrial Engineering from Denmark's Tekniske Universitet, a B.Sc. degree in Mechanical Engineering from the University of Iceland and additionally holds a Securities License Certification in Iceland.

Hildur Sveinbjörnsdóttir

Specialist in Corporate Finance

Hildur Sveinbjörnsdóttir is a specialist in the Corporate Finance team at Arctica Finance. She joined Arctica Finance in 2022 and has since participated in, among other things, company financing as well as mergers and acquisitions. Prior to joining Arctica Finance, Hildur worked in the corporate advisory department of Ernst & Young where she conducted financial due diligence, among other responsibilities.

Hildur holds an M.Fin degree from University of Iceland, a BSc degree in Economics from the same University and additionally holds a Securities License Certification in Iceland.

Indriði Sigurðsson

Specialist in Corporate Finance

Indriði Sigurðsson is a specialist in the Corporate Finance team at Arctica Finance. Indriði joined Arctica Finance in 2015 after a 16-year professional football career in Norway and Belgium.

Indriði holds a BSc degree in Business Administration with a focus on management from University College of Southeast Norway and an MBA degree with a specialization in finance from Heriot-Watt University, Edinburgh Business School. He additionally holds a Securities License Certification in Iceland.

Rut Kristjánsdóttir

Specialist in Corporate Finance

Rut Kristjánsdóttir er sérfræðingur í Fyrirtækjaráðgjöf Arctica Finance. Rut hóf störf hjá Arctica Finance árið 2021, en hún hefur starfað í fjármálageiranum frá árinu 2017. Rut starfaði í eignastýringu fagfjárfesta hjá Arion banka árin 2019-2021 þar sem hún kom m.a. að mótun ábyrgra fjárfestinga innan eignastýringar Arion banka. Þar áður starfaði Rut í fjármálaráðgjöf Deloitte árin 2017-2019 þar sem hún vann m.a. að áreiðanleikakönnun á mörgum af stærstu félögum á íslenskum markaði.

Rut lauk BSc-gráðu í viðskiptafræði frá Háskólanum í Reykjavík og hefur hún jafnframt öðlast verðbréfaréttindi.

Þórbergur Guðjónsson

Specialist in Corporate Finance

Þórbergur Guðjónsson joined Arctica Finance’s Corporate Finance in August 2023. Previously he worked in corporate finance for Arion Bank and Kaupþing Bank for the past 16 years, i.e. from 2007. In his role there, Þórbergur led many of the IPOs managed by the banks in addition to various other projects involving M&A or financing activities of its clients. In the years 2003-2006, Þórbergur worked for Sparisjóður Mýrasýslu in i.a. lending and financing activities.  

Þórbergur holds an M.Sc. in Finance & Investment from the University of Edinburgh and a B.Sc. in Business Administration from the University of Bifröst. Þórbergur is also a Chartered Financial Analyst (CFA) and additionally holds a Securities License Certification in Iceland.