Alexander

What Alexander does

Aktia Alexander Corporate Finance Oy (formerly Alexander Corporate Finance Oy) is a Helsinki-based boutique investment bank founded in 1988, with approximately 13-14 professionals. The firm provides capital markets advisory services to Nordic SMEs and mid-market issuers, including initial public offerings on Nasdaq First North Growth Market Finland, Certified Adviser mandates with continuing-obligations coverage, mergers and acquisitions advisory, company valuations, and broader capital market transactions such as accelerated book-buildings and share issues. Its disclosed client base spans gaming, software, mining, real estate, and energy, indicating a generalist Nordic SME advisory posture rather than sector specialization.

The firm is 80% owned by Alexander Group Ltd and 20% by Aktia Bank Plc, a relationship formalized in February 2022 when Aktia acquired the minority stake and the firm adopted the "Aktia Alexander" co-branding. Notable transaction mandates include supporting the Kempower listing transition in 2024 and acting as financial adviser on Merus Power's €2 million accelerated book-building in 2025, alongside a recurring flow of IPO, Certified Adviser, and capital markets mandates through 2023-2025. Disclosed mandate sizes range from approximately €2 million to €71.9 million.

The business model is project-based advisory fee revenue, with no recurring subscription or SaaS component. Fees are typically structured as a percentage of transaction value on IPOs and M&A (commonly 1-3%) or on a fixed-fee basis for Certified Adviser and valuation work. Distribution leverages Aktia Bank's retail and private banking channel and a proprietary electronic subscription system used in share-issue mandates, which together support retail participation in client offerings.

Name

Alexander

Legal name

Aktia Alexander Corporate Finance Oy

Website

https://alexander.fi

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Aktia Alexander Corporate Finance Oy is a Helsinki-based boutique investment bank founded in 1988, specializing in IPOs, Certified Adviser services, M&A advisory, valuations, and capital market transactions for Nordic SME and mid-market issuers.

Ownership category

akta.pro rank

Product category

Investment Banking and Corporate Finance Advisory

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)

akta.pro secondary industries

Buy-Side M&A Advisory (FSAEAGAB), Fairness Opinions & Independent Board Advice (FSAEAGAF), Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ)

Keywords

• Investment banking advisory
• IPO lead management
• Certified adviser services
• M&A advisory
• Company valuation services

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Advisory Fees: Fees earned from providing investment banking and corporate finance advisory services including IPO lead management, M&A advisory, capital market transactions, and valuation assignments.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Alexander (Aktia Alexander Corporate Finance Oy) is a Finnish independent investment bank that provides advisory services for IPOs, M&A transactions, capital market transactions, company listings, and valuation assignments. Its core activities include acting as lead manager and Certified Adviser for issuances on Nasdaq Helsinki (Official List and First North), arranging share issues, convertible bonds, and hybrid bonds, advising on acquisitions and mergers, and producing independent valuation reports for M&A, IFRS, and special situations.

Product overview

Alexander (Aktia Alexander Corporate Finance) is a Finnish investment bank established in 1988 offering a comprehensive suite of investment banking and advisory services. The firm operates five core service lines: Initial Public Offerings (IPO services including lead management, prospectus preparation, and investor coordination), Certified Adviser Services (compliance and regulatory advisory for First North-listed companies), Capital Market Transactions (debt and equity financing arrangements including bonds and convertible instruments), M&A Advisory (buy-side and sell-side transaction advisory), and Valuation (independent company and asset valuation for various purposes including IFRS and M&A contexts). These services are provided to corporate clients seeking capital market access, mergers and acquisitions, and strategic financial advisory.

Differentiator

Problem solved

Functional benefit

Products and services

• Initial Public Offerings Lead manager services for IPOs on Nasdaq Helsinki Official List and First North marketplace, including preparation of the IPO plan, building the investment story, valuation, prospectus comments, share issue sale to institutional and retail investors, and operating as the subscription venue with an electronic subscription system. Targeted at Finnish companies seeking to list on Nasdaq Helsinki.
• Certified Adviser Services Advisory services for companies listed on Nasdaq Helsinki First North marketplace, ensuring compliance with marketplace requirements and obligations, including the application process, organizing administration, and complying with First North rules. Targeted at companies listed on First North.
• Capital Market Transactions Capital market financing arrangements including share issues (directed or other), convertible bonds, hybrid bonds, capital loans, and bonds. Services include planning, preparation, and implementation of financing from capital markets. Targeted at Finnish companies seeking equity or debt financing.
• M&A Advisory Customized financial advisory on M&A transactions including acquisitions and sales of companies, mergers and restructurings, and private equity transactions. Acts as either seller's or buyer's advisor. Targeted at companies and shareholders engaged in M&A.
• Valuation High-level independent expert services for valuation of companies, businesses, and different types of assets, including valuation in M&A transactions, fair value statements, valuation in IFRS financial statements, and special valuation issues. Targeted at corporates, auditors, and legal advisors requiring independent valuation opinions.

Quantifiable outcome

• Over 60 completed investment banking and advisory projects
• +1 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Alexander Group OycoreOthersAktia Alexander Corporate Finance is part of Alexander Group. Parent company is Alexander Group Oy, with CEO Yrjö Kopra and Chairman of the Board Erkki Helaniemi.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Pareto Securities: Nordic investment bank with strong presence in equity capital markets and M&A advisory. Competes with Alexander for mid-cap Nordic IPOs and corporate finance mandates.
• Carnegie & Co: Leading Nordic investment bank with full advisory, equity research, and capital markets capabilities. A direct competitor for larger Finnish IPO and M&A mandates where Alexander cannot sole-lead due to scale.
• Nordea: Largest Nordic bank with full-service corporate finance, ECM, and M&A advisory. Competes for Finnish mid-cap and large-cap mandates; provides scale competition Alexander cannot match.
• Danske Bank: Large Nordic bank with significant Finnish corporate finance and capital markets operations. Competes with Alexander across IPOs, M&A advisory, and ECM transactions, and is a former employer of multiple Alexander partners.
• ABG Sundal Collier: Nordic investment bank offering advisory, equity research, and corporate finance services across the Nordic region. Overlaps with Alexander in mid-market Nordic advisory mandates.
• SEB: Major Nordic bank with a full corporate finance and capital markets division. Competes for larger Finnish IPOs, M&A, and ECM mandates where Alexander typically serves as co-advisor.

Regional players

• Arctic Securities: Nordic investment bank headquartered in Norway with strong sector specialization. Comparable to Alexander as a focused Nordic advisory boutique serving mid-market issuers across the region.
• Evli: Finnish investment services firm offering wealth management, advisory, and corporate finance services. Comparable as a Finnish-focused financial services firm; Alexander advised on Evli's acquisition of Zenito, evidencing direct competitive interaction.

Others

• KPMG Corporate Finance: Big Four transaction advisory practice providing M&A, valuation, and capital markets services. Comparable to Alexander's advisory service lines; multiple Alexander team members previously worked at KPMG, evidencing direct talent overlap and competitive adjacency.

Direct peers

• MCF Corporate Finance: Finnish boutique M&A and corporate finance advisory firm. Highly comparable to Alexander: similar boutique scale, similar Finnish mid-market focus, and a former Alexander team member (Henri Lyytikainen) previously worked at MCF, indicating direct talent and segment overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alexander-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alexander