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Corporate Finance

Strong capital decisions build stronger companies

Our corporate finance work is the analysis behind the decisions that change your capital structure, and the execution that follows once the decision is made.

Capital raising

Most of the work happens before anything is announced. We size the raise against what the market will actually absorb, pick the instrument that fits, and carry it through structuring, documentation and settlement.

Rights issuesDirected issuesPrivate placements

Valuation

An independent number that holds up when it is questioned. We build the valuation, document the method behind it, and stand behind it in front of a board, a counterparty or an auditor.

TransactionsIncentive programmesBoard decisions

Financial modelling

Forecast and scenario models built to be interrogated. The assumptions are visible, the sensitivities sit where a lender or an investor will look first, and the output survives being taken apart.

ForecastsScenariosSensitivities

Strategic decisions

Sparring for board and management before the decision is taken. We work through the options, the order they should happen in, and what each one closes off for the years that follow.

OptionsSequencingConsequences
Phillip Stjernekilde, Head of Corporate Finance at HC Andersen Capital

At HC Andersen Capital we take on a small number of companies at a time, by choice, so we know a business properly before launching a transaction.

Phillip Stjernekilde

Head of Corporate Finance

phillip@hcandersencapital.dk +45 29 64 33 31

A selection of the transactions we have advised on

0 Transactions
0 Disclosed volume
Our roleExclusive financial adviser to Henry Jensen
TransactionSale of Henry Jensen to Thranekær
AcquirerThranekær
Deal valueUndisclosed
AnnouncedSeptember 2026

HC Andersen Capital acted as exclusive financial adviser to Henry Jensen on the sale of the company to Thranekær.

Our roleExclusive financial adviser
InstrumentFully guaranteed rights issue
Gross proceedsDKK 24.7m
Subscription priceDKK 3.00 per share
New shares8,237,154
CompletedApril 2026

Announced on 19 March 2026 with a subscription period running from 25 March to 10 April. The proceeds were applied to reducing debt, strengthening working capital and continued product development. Gorrissen Federspiel acted as legal adviser.

Official announcement
Our roleExclusive financial adviser
InstrumentFully guaranteed rights issue
Gross proceedsDKK 10.4m
Announced4 May 2026

Rovsing raised new capital to strengthen its capital structure and financial flexibility ahead of an expected rise in European tender activity. A robust balance sheet is a precondition for winning contracts with large customers and the space agencies.

Our roleExclusive financial adviser
InstrumentPlacement
SizeUndisclosed

Terms of this mandate are not disclosed.

Our roleExclusive financial adviser
InstrumentDirected issue
Gross proceedsDKK 4.0m
Subscription priceDKK 35.00 per share
New shares114,285
Completed6 March 2025

Fully subscribed. The subscription price was set at the five day volume weighted average price as of 5 March 2025, for gross proceeds of DKK 3,999,975.

Official announcement
Our roleExclusive financial adviser
InstrumentPrivate placement
Gross proceedsDKK 15.0m
Subscription priceDKK 29.50 per share
New sharesUp to 508,474
Completed30 December 2024

Priced at a 3.1 per cent discount to the ten day volume weighted average price as of 4 December 2024, with advance commitments from Strategic Investments, Arbejdernes Landsbank, HICO Group and BankInvest. The proceeds strengthened liquidity and re-established equity.

Official announcement
Our roleExclusive financial adviser
InstrumentPrivate placement
Gross proceedsDKK 26.2m
Subscription priceDKK 31.70 per share
New shares889,707
CompletedDecember 2023

Placed at a 7 per cent discount and fully subscribed within a day of announcement, with existing institutional investors joined by new private investors, management and the chairman of the board.

Official announcement

IPO services

If you are preparing for an IPO, we offer a broad range of services.

Our advisory team can help you in all IR-related aspects, before, during and after your IPO. Whether it is IR strategy, management support, establishment of the IR function, governance, compliance or the daily IR tasks, we are here to help you.

Essential IR software solutions for when you are listed

We work for a well-functioning Danish equity market.

A market where more strong companies find their way to the stock exchange, and where investors are met with transparency, quality and solid communication.

That is why we support companies all the way towards and through a listing, from preparation and positioning to the investor communication needed to carry the company forward as a listed business. Most of the work happens long before the first day of trading.

1

Readiness

We look at governance, reporting and the equity story, and set out what has to be in place before a listing is realistic.

2

Preparation

Structure, documentation and the company description, alongside the legal and financial work a listing requires.

3

Admission

Application and dialogue with the exchange, through to the first day of trading.

4

Life as listed

Disclosure, investor dialogue and the reporting cycle. The obligations start on day one, and we stay on.

Talk to us about listing

After the IPO

What happens after the IPO is completed?

After the IPO is completed, real life begins. Building a good relationship with investors is key.

We offer post-IPO services that help you remain transparent and create an open dialogue with your investors.

Phillip Stjernekilde, Head of Corporate Finance at HC Andersen Capital

Let’s start the conversation

We advise listed and pre-listed companies on raising capital, on the transactions that follow, and on the full path to a listing.

Whether a raise is close or still an open question, it is worth a conversation early.

Phillip Stjernekilde

Head of Corporate Finance