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Translution Capital

Relentless client commitment

Who we are What we do

Innovative, customized solutions

An Introduction

Translution Capital is a Nordic Corporate Finance house, which devises and executes innovative, customized solutions to our clients’ most challenging issues. Our services are based on extensive experience from leading Investment Banks.

Our operation is independent and free of any potential conflict of interest inherent within large multi-product financial institutions.

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Identifying and quantifying clients’ financial resources

Strategic Financial Advisory

Transaction Solutions

Translution Capital initiates and participates in a high number of transactions annually. We offer a strategic financial advisory platform with a prime focus at trade sales alongside equity and debt based fund raisings.

Optimizing value

We factor in both confidentiality and the need to ensure competition during a sales process. Our daily dialogue with prospective investors allows us to anticipate issues that are important to the success of any transaction.

Financing solutions

Translution Capital devises and executes customized transaction solutions fully subject to our clients’ financial and strategic objectives and regardless of sector, size and situation.

Identifying value

Translution Capital operates and executes auction processes with prospective investors and buyers on a high clock speed to enforce the best possible transaction outcome for our clients.

SELECTED TRANSACTIONS

Transaction Size:

EUR 20m

Company Name:

Plant Protein Venture

Closing:

February 2021

Lenders:

Institutional investors

TC Advisory:

Translution Capital acted as financial advisor together with Nordic Investment Partners to secure total project financing

Transaction Size:

Non-disclosed

Company Name:

Bizbrains

Closing:

January 2021

Investor:

VækstPartner Kapital

TC Advisory:

Translution Capital acted as sole financial advisor to Bizbrains in relation to the sale of a minority stake to VækstPartner Kapital

Transaction Size:

SEK 216m

Company Name:

Expres2ion Biotech

Closing:

October 2020

Investor:

NYIP

TC Advisory:

Translution Capital acted as financial advisor to Expres2ion Biotechnologies (publ.) in a fully secured rights issue, with a directed issue to selected institutional investors

Transaction Size:

Non-disclosed

Company Name:

Sigma Estimates

Closing:

October 2020

Acquirer:

EG A/S

TC Advisory:

Translution Capital acted as exclusive financial advisor to the owners of Sigma Estimates in relation to a trade sale of the company to EG

Transaction Size:

USD 182m

Company Name:

Margins Group

Closing:

August 2020

Investor:

Institutional investors

TC Advisory:

Translution Capital acted as exclusive financial advisor to the owners of Margins Group on a USD 182m refinancing facility led by Institutional investors

Transaction Size:

DKK 10m

Company Name:

Scape Technologies

Closing:

May 2020

Investor:

Institutional investors

TC Advisory:

Translution Capital advised the Danish manufacturer of industrial robots, Scape Technologies, securing a temporary loan facility

Transaction Size:

SEK 30m

Company Name:

Endomines

Closing:

April 2020

Lenders:

Institutional investors & selected HNI’s

TC Advisory:

Translution Capital acted as financial advisor to Endomines in a short-term loan facility from Institutional investors and selected HNI’s

Transaction Size:

DKK 12m

Company Name:

FluoGuide

Closing:

January 2020

Investor:

Institutional investors & selected HNI’s

TC Advisory:

Translution Capital acted as financial advisor to FluoGuide (Publ.) in a directed share issue to institutional investors and selected HNI’s

Transaction Size:

EUR 9.3m

Company Name:

Tamigo

Closing:

December 2019

Investor:

Viking Ventures

TC Advisory:

Translution Capital acted as sole financial advisor to Tamigo in relation to the sale of minority stakes combined with a share issue to Viking Venture

Transaction Size:

SEK 7m

Company Name:

CombiGene

Closing:

November 2019

Investor:

Institutional investors

TC Advisory:

Translution Capital acted as exclusive financial advisor to CombiGene, the listed Swedish gene therapy company in the bridge financing by Institutional investors

Transaction Size:

SEK 20m

Company Name:

CLS

Closing:

June 2019

Investor:

Institutional investors

TC Advisory:

Translution Capital acted as exclusive financial advisor to CLS, the listed Swedish cancer ablation company in the bridge financing by Institutional investors

Transaction Size:

NOK 42m

Company Name:

5th Planet Games

Closing:

March 2019

Investor:

Institutional investors

TC Advisory:

Translution Capital acted as sole financial advisor to 5th Planet Games in relation to the directed issue

Transaction Size:

SEK 36m

Company Name:

Expres2ion Biotech

Closing:

March 2019

Investor:

Institutional investors

TC Advisory:

Translution Capital acted as exclusive financial advisor to Nasdaq First North company, Expres2ion Biotechnologies in the directed issue to Institutional investors

Transaction Size:

Non-disclosed

Company Name:

Conscia Danmark A/S

Closing:

March 2019

Acquirer:

NA

TC Advisory:

Translution Capital acted as exclusive financial advisor to the owners of Conscia Danmark A/S in relation to a trade sale of the company

Transaction Size:

Non-disclosed

Company Name:

DCR Solutions

Closing:

December 2018

Investor:

KMD Ventures and a consortium of Business Angels

TC Advisory:

Translution Capital acted as sole financial advisor to DCR Solutions in relation to the capital raise led by KMD Ventures and a consortium of Business Angels

Transaction Size:

USD 8.5m

Company Name:

Evaxion

Closing:

November 2018

Investor:

Indonesian investor and 9 Danish Family Offices and Business angels

TC Advisory:

Translution Capital acted as sole advisor to Evaxion in relation to the capital raise led by an Indonesian investor and 9 Danish Family Offices and Business Angels

Transaction Size:

Non-disclosed

Company Name:

Ordrestyring.dk

Closing:

August 2018

Acquirer:

Adelis Equity Partners

TC Advisory:

Translution Capital acted as financial advisor to the owners of Ordrestyring.dk in relation to a majority sale of the company to Adelis Equity Partners

Transaction Size:

Non-disclosed

Company Name:

Nordic Impact Funds

Closing:

June 2018

Investor:

Institutional investors

TC Advisory:

Translution Capital acted as exclusive financial advisor to Nordic Impact Funds in the close of their first fund

Transaction Size:

DKK 35m

Company Name:

EuroInvestor

Closing:

March 2018

Investor:

High Networth Individuals

TC Advisory:

Translution Capital acted as exclusive financial advisor to EuroInvestor in the fund-raising process led by several High Networth Individuals

Transaction Size:

Non-disclosed

Company Name:

Rødbillet.dk

Closing:

June 2017

Acquirer:

Flixbus

TC Advisory:

Translution Capital acted as sole financial advisor to Rødbillet.dk in relation to the sale of 100% of the company to Flixbus, the German bus transportation company

Transaction Size:

SEK 35m

Company Name:

Saniona

Closing:

May 2017

Investor:

Institutional investors

TC Advisory:

Translution Capital acted as joint bookrunner in the directed issue in Saniona on Nasdaq First North, led by Institutional investors

Transaction Size:

Non-disclosed

Company Name:

Shobr

Closing:

October 2016

Investor:

A consortium of Danish Business Angels

TC Advisory:

Translution Capital acted as sole financial advisor to Shobr in relation to the capital raise led by a consortium of Danish Business Angels

The Translution Capital team

Partner

Troels Fellov Larsen

Troels Fellov Larsen

Partner

TFL@translutioncapital.com
+45 26 15 99 44

About

Mr. Fellov has been the founding Partner of Translution Capital since 2013. Mr. Fellov is responsible for the strategic development and continued expansion of the firm’s Corporate Finance business, including sourcing and executing both domestic and International transactions across sectors, sizes, geographies and products.

Mr. Fellov offers over twenty-five years of corporate finance experience through a diverse background within Mergers and Acquisitions, Equity and Debt financing activities. Mr. Fellov has successfully completed over four-hundred transactions representing 20+ billion Euros of enterprise value as trusted advisor for both privately held and large multinational public companies, financial institutions, governments and public authorities, board of directors and special committees.

Previously, Mr. Fellov acted as e.g. Managing Director at SEB Enskilda, Corporate Finance, Executive Director at Carnegie, Corporate Finance, Executive Director at J.P. Morgan, Equity Capital Markets (ECM) and Global Head of Equity Capital Market (ECM) at Nordea Investment Banking – working out of London, Stockholm and Copenhagen.

Troels is a State Authorized Public Accountant and holds a Master of Science in Accounting and Auditing from Copenhagen Business School.

Director, Head of M&A

Asger Laigaard

Asger Laigaard

Director, Head of M&A

AL@translutioncapital.com
+45 60 29 97 37

About

Asger Laigaard has been an instrumental part of Translution Capital for 6 years. Mr. Laigaard is responsible for overseeing and leading projects, client and investor contact, as well as deal negotiation. He has executed and advised on a high number of cross-border transactions within a wide range of sectors and products such as the Trade Sale of Rødbillet to the German transportation company, FlixMobility GmbH (Flixbus), the Trade Sale of Ordrestyring.dk to the Swedish Private Equity fund, Adelis Equity Partners, and the minority sale of tamigo to the Norwegian investment fund, Viking Venture.

Prior to joining Translution Capital Mr. Laigaard performed as the co-founding Partner of the Nordic Corporate finance house Pretium. Mr. Laigaard was responsible for origination and execution, both in regards to sell- and buy-side clients. Previous to Pretium Mr. Laigaard served as corporate valuation expert at SKAT (the Danish tax authorities). And finally, Mr. Laigaard brings extensive international experience from living and working in Los Angeles and Tanzania for many years working with e.g. Pre-paid Legal Services (NYSE: PPD) and also the Mortgage Consulting Firm advising subprime borrowers on tailor made refinance solutions as to USD double digit million mortgage loan facilities.

Mr. Laigaard brings a master’s degree in Finance and Investment from Copenhagen Business School and a bachelor’s degree in Business Administration and Economics from Aarhus University and the University of California, Los Angeles.

Head of ECM

Jakob Schmidt

Jakob Schmidt

Head of ECM

JSC@translutioncapital.com
+45 20 22 68 60

About

Mr. Schmidt has a background in investment banking, he has e.g. served as Head of ECM at the Nordic corporate finance advisor, Carnegie. Most recently he served as CEO in Exruptive. Prior to that he was SVP at Falck and before that CEO in Pharmexa. He sits on the board of LINX and was formerly member of the board of directors in DIRF, the Danish Investor Relations Society, chairman of the board of directors in Gudme Raaschou Vision, chairman of the board of Directors in Curalogic, chairman of the board of directors in GemVax and Pharmexa Inc.

Mr. Schmidt has obtained his master’s degree in Economics and Business Administration from Copenhagen Business School.

Head of DCM

Nicolaj Brask Christiansen

Nicolaj Brask Christiansen

Head of DCM

NBC@translutioncapital.com
+45 20 47 09 78

About

As a Head of DCM at Translution Capital, Nicolaj Brask Christiansen is responsible for overseeing and leading projects, client and investor contact, as well as deal negotiation on projects within Debt Capital Advisory. Nicolaj Brask Christiansen has more than twenty years of corporate finance experience through a diverse background within debt financing and investment advisory activities. Mr. Christiansen has successfully completed a high number of transactions across Europe such as the debt financing of DLR Kredit A/S, Aggregate Holdings S.A. and DIOK RealEstate AG.

Prior to joining Translution Capital Mr. Christiansen acted as the Head of Corporate & EM Bond Sales, Vice President at Jyske Bank. Mr. Christiansen was responsible for origination, negotiation and sales in regard to debt capital advisory services. Previous to Jyske Bank, Mr. Christiansen served as Investment Advisor at Nykredit, as well as other positions within financial advisory.

Mr. Christiansen holds a Graduate Diploma (HD) in Finance from School of Business and Social Sciences, Aarhus University.

Senior Advisor

Sigurd Lilienfeldt

Sigurd Lilienfeldt

Senior Advisor

SL@translutioncapital.com
+45 20 56 16 26

About

Beyond contributing with a network of international financial institutions, business owners, and High Net Worth Individuals, Mr. Lilienfeldt is highly active as advisor, distributor, and day-to-day sparring partner on mandates of all sorts.

Mr. Lilienfeldt has more than 20 years’ experience in top management consulting serving global clients in financial, industrial and consumer related industries. From 1997-2002 he served as Partner at A.T. Kearney. From 2002-2009 he was Senior Partner at The Monitor Group, one of the world’s leading strategy consulting firms headquartered in Boston. From 2009-2011 he served as Partner at Axcel Private Equity, one of Scandinavia’s leading PE Funds.

Mr. Lilienfeldt holds a master’s degree in Economics and Business Administration from Copenhagen Business School.

Senior Advisor

Andreas Westling

Andreas Westling

Senior Advisor

AW@translutioncapital.com
+358 40 735 7936

About

Mr. Westling is an experienced corporate finance professional with a diverse track record of cross-border transactions in Finland, Russia and the Baltics. He has operational experience from various start-ups and business ventures through Board of Directors assignments.

Mr. Westling has more than 20 years’ experience in Equity Research and Corporate Finance and comes with extensive knowledge of both equity and debt capital markets. Prior to joining Translution Capital, Mr. Westling acted as Partner at Pareto Securities’ Investment Banking division and Partner at Evli Bank, Corporate Finance based in Helsinki, Finland.

Mr. Westling holds a master’s degree in Finance from Hanken School of Economics. He is also a CEFA diploma holder (Certified European Financial Analyst) and has completed an Approved Board Member (ABM) program from Helsinki Chamber of Commerce. Mr. Westling has also completed an Executive Education from Harvard Business School.

Sector Specialist

Kamilla Rolsted

Kamilla Rolsted

Sector Specialist

KR@translutioncapital.com
+45 21 69 84 69

About

Kamilla Rolsted’s primary responsibilities entail distribution, investor contact, and advising on ECM mandates within Life Science.

Ms. Rolsted has previously served as Senior Vice President at Bionor Pharma. Before that she was Director at the biotechnology company, Zealand Pharma (listed on Nasdaq Copenhagen and New York: ZEAL).

Ms. Rolsted holds a PhD in Analytical Chemistry and Drug Metabolism from School of Pharmaceutical Sciences, University of Copenhagen. She has also earned an Executive MBA in Business Administration from Copenhagen Business School.

Associate Director

Claus Højmark Jensen

Claus Højmark Jensen

Associate Director

CJ@translutioncapital.com
+45 21 44 03 22

About

Claus Højmark Jensen is project responsible and advises clients on mandates within ECM and M&A. Beyond managing project teams, his daily responsibilities entail investor and client contact, and deal negotiation.

Mr. Jensen has a background as a Consultant with Deloitte.

Mr. Jensen is finalizing his PhD degree in Managerial Accounting in 2020 from Aalborg University, which he has combined with 6 months at Stanford University as a visiting PhD researcher. He also holds a master’s degree in Finance from Arhus University, which included an exchange semester at HEC Montréal. Finally, he holds a bachelor’s degree in Business Economics from Aalborg University.

Associate Director

Magnus Jacobsen

Magnus Jacobsen

Associate Director

MJ@translutioncapital.com
+45 31 19 35 27

About

Magnus Jacobsen is responsible for key transaction related work streams, primarily in relation to ECM mandates. Mr. Jacobsen’s day-to-day activities include project execution, maintaining investor relationships, as well as staying up to date on current market sentiments and trends.

Prior to joining the company in 2017, Mr. Jacobsen has been employed with Cabcon and the UK-based firm, Morso.

Mr. Jacobsen holds a master’s degree in Accounting, Strategy & Control, and a bachelor’s degree in International Business, both earned from Copenhagen Business School.

Senior Associate

Jacob Rasmussen

Jacob Rasmussen

Senior Associate

+45 22 13 72 33
JR@translutioncapital.com

About

Jacob Rasmussen’s day-to-day activities entail project execution, including client and investor contact, preparation of investor material and market research.

Prior to joining Translution Capital, Mr. Rasmussen worked as an investment analyst with the Dublin-based investor, Chirisa Investments. Here he worked on transactions in the TMT sector, primarily in Europe and the US. Before his employment with Chirisa Investments, Mr. Rasmussen worked at the Dutch brokerage firm, Degiro, in Amsterdam.

Mr. Rasmussen holds a master’s degree in Management Accounting, and a bachelor’s degree in Business Economics, both earned from Aalborg University, and a master’s degree in Finance from UCD Michael Smurfit Graduate Business School in Dublin. Finally, Mr. Rasmussen is a CFA Level III candidate.

Senior Associate

David Hennessy

David Hennessy

Senior Associate

DH@translutioncapital.com
+45 30 43 06 01

About

David Hennessy is project responsible and advises clients on mandates primarily within ECM. His daily responsibilities entail investor and client contact, as well as managing project teams in regards to strategic and market analyses.

Prior to joining Translution Capital, Mr. Hennessy was employed with Grundfos, and before this he has been working for the UK based company, PHS Group.

Mr. Hennessy holds a master’s degree in Economics, Business Administration and Marketing, and a bachelor’s degree in Economics and Business Administration, both earned from Aarhus University.

Senior Associate

Bogi Abrahamson Løkin

Bogi Abrahamson Løkin

Senior Associate

BL@translutioncapital.com
+45 52 62 22 10

About

Bogi Abrahamson Løkin is project responsible and advises clients on mandates within Fund advisory, DCM and M&A. Beyond managing project teams, his daily responsibilities entail investor and client contact, as well as coordinating market approach with Translution Capital’s distribution partners.

Prior to joining Translution Capital, Mr. Løkin worked for the Faroese insurance company, Tryggingarfelagið Føroyar. Here he advised existing and potential private customers an all matters relating to insurance.

Mr. Løkin holds a master’s degree in Finance and Investments, and a bachelor’s degree in Economics and Business Administration, both earned from Copenhagen Business School.

Associate

Martin Balslev Avnstorp

Martin Balslev Avnstorp

Associate

+45 25 21 74 71
MA@translutioncapital.com

About

Martin Balslev Avnstorp’s day-to-day activities entail project execution, including preparation of investor material, market research and investor contact.

Prior to joining Translution Capital, Mr. Avnstorp worked as M&A Analyst with MHS Corporate Finance, where he worked on various transactions. Before his employment with MHS Corporate Finance, Mr. Avnstorp worked as student analyst at the Danish asset manager, ATRIUM Kapitalforvaltning.

Mr. Avnstorp holds a master’s degree in Finance and Accounting, and a bachelor’s degree in Economics and Business Administration, both earned from Copenhagen Business School. His master’s included summer school at London School of Economics, and in addition his bachelor’s included an exchange semester at Hong Kong Baptist University.

Associate

Christian Ole Dyremose

Christian Ole Dyremose

Associate

+45 27 26 27 26
CD@translutioncapital.com

About

Christian Ole Dyremose’s primary focus areas include preparation of investor material, industry analyses, financial modelling and corporate valuation.

Prior to joining Translution Capital, he was working as a Sales Consultant for Schroll-Pilsgaard Marketing for four years.

Mr. Dyremose is finalizing his master’s degree in Finance and Accounting in 2020 from Copenhagen Business School. He also holds a bachelor’s degree in Economics and Business Administration from Copenhagen Business School. His bachelor’s included an exchange semester at San Diego State University.

Analyst

Charlie Peters Hey

Charlie Peters Hey

Analyst

CH@translutioncapital.com
+45 23 37 59 66

About

Charlie Peters Hey’s primary focus areas include the preparation of investor material, market research, financial modeling, and corporate valuation.

Before joining Translution Capital, Mr. Hey worked at the multinational bank ING Group in London as a DCM originator, covering Emerging Markets and European High Yield. Additionally, Mr. Hey has had experience as an FX strategist, also at ING Group.

Mr. Hey is undertaking his master’s degree in Applied Economics and Finance at Copenhagen Business School. He holds a bachelor degree with honors in Business Management and Finance from Anglia Ruskin University where Mr. Hey was also awarded the Valedictorian of the class 2019.

Analyst

Linus Christensen

Linus Christensen

Analyst

LC@translutioncapital.com
+45 61 69 50 53 

About

Linus Christensen’s primary focus areas include the preparation of investor material, market research, financial modeling and corporate valuation.

Before joining Translution Capital, Mr. Christensen was employed at Saxo Bank, where he worked in the Markets Risk Management department.

Mr. Christensen is undertaking his master’s degree in Finance and Investments at Copenhagen Business School. He holds a bachelor’s degree in business administration and Project Management also from Copenhagen Business School.

Analyst

Jens Peter Bertelsen

Jens Peter Bertelsen

Analyst

JB@translutioncapital.com
+45 20 57 99 89 

About

Jens Peter Bertelsen’s primary focus areas include the preparation of investor material, market research, financial modeling and corporate valuation.

Before joining Translution Capital, Mr. Bertelsen worked as Private Equity intern at Kukula Capital in Lusaka, Zambia, where he worked on various transactions Additionally, Mr. Bertelsen has been employed as student analyst at VF Venture, the venture arm of the Danish state investment fund.

Mr. Bertelsen is undertaking his master’s degree in Finance and Accounting at Copenhagen Business School. He holds a bachelor’s degree in business administration and Project Management also from Copenhagen Business School. His bachelor’s included an exchange semester at University of North Carolina.

Administration & Support

Assistant

Elizabeth Hastrup

Elizabeth Hastrup

Assistant

EH@translutioncapital.com
+45 31 64 06 40

About

Elizabeth Hastrup’s primary focus areas include providing administrative support to the team to ensure a efficient operation of the Translution Capital offices across geographies and products. Accordingly, Miss Hastrup supports the overall Translution Capital team through a variety of tasks related to organization, communication and coordination. Also, Miss Hastrup is involved as to the Translution Capital recruiting processes. Miss Hastrup holds a background within cognitive and transformative mentoring. Miss Hastrup represents Hastrup & Kinnerup.

Assistant

Sidse Kinnerup

Sidse Kinnerup

Assistant

SK@translutioncapital.com
+45 22 15 93 19

About

Sidse Kinnerup’s primary focus areas include providing administrative support to the team to ensure a efficient operation of the Translution Capital offices across geographies and products. Accordingly, Miss Kinnerup supports the overall Translution Capital team through a variety of tasks related to organization, communication and coordination. Also, Miss Kinnerup is involved as to the further digitalisation of Translution Capital protocols. Miss Kinnerup holds a background within the business of personal assistance. Miss Kinnerup represents Hastrup & Kinnerup.

Founded on a hard working culture and the ability to attract top talent

AN INDEPENDENT ADVISORY OFFERING

Client first always

Our approach is simple: A relentless client commitment. At Translution Capital, we all believe in dedication without compromise

Extensive experience

Our extensive experience across sectors, geographies and transaction sizes is vital for us to create the best possible solutions.

Independence

We pride ourselves of an operation fully independent and free of any conflict of interest, bureaucracy and over-complexity of products.

Production unit – India

Our team also include 70 on-demand professionals out of India enabling a high-pace and near-unlimited project execution capacity.

Where you can find us

Copenhagen office
Christian IX Gade 10, Floor 04
1111 Copenhagen K
Denmark

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Silkeborg office
Højbovej 1C, 1. sal
8600 Silkeborg
Denmark

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Contact us

Contact information

Translution Capital
Christian IX Gade 10, Floor 04
1111 Copenhagen K
Denmark

info@translutioncapital.com

CVR-nr: 36074078
CVRP-nr: 1019647656

Translution Capital (Jutland)
Højbovej 1C, 1. sal
8600 Silkeborg
Denmark

info@translutioncapital.com

Transaction solutions

Equity Capital Markets
Debt Capital Markets
Mergers & Acquisitions
Fund Management Advisory
Strategic Advisory

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