Ovington Financial Partners

Ovington Financial Partners Ltd.

Type	Private
Industry	Finance
Founded	2008
Products	Restructuring NPL Management Financial Advice Principal Investments
Employees	20+
Website	www.ovingtonfinancial.com

Ovington Financial Partners is a financial advisory and investment firm also known as Ovington. Ovington focuses on providing restructuring & corporate finance advice to banking and corporate clients primarily in the Nordic region^[1].

In 2009 Ovington was involved in a number of corporate transactions and capital raisings, including the rights offering for Eniro^[2] as well as several M&A transactions in the Nordic region.

In 2010 the company merged with European Resolution Capital Partners Ltd., which has been active in bank restructurings. The combination makes Ovington a business with restructuring, advisory, and certain principalling activities as its three business areas going forward^[3].

Restructuring - banks & corporate

Ovington's restructuring activities were integrated into the firm when it merged with European Resolution Capital Partners Ltd. (ERC) in 2010. This part of the company's business focuses on providing advice to financial institutions in Europe with a focus on solving issues relating to non-performing-loan portfolios. ERC was founded in 2008 by a number of senior executives including: Justin Jenk, Jan-Erik Kvarnström^[4][5], Arne Liljedahl, Peter Buttenschön, and others^[6].

In 2009 and 2010 ERC was involved in a number of bank restructurings across Europe, including Swedbank's Baltic virtual bad bank (BFR&R) in Estonia, Latvia, and Lithuania, which had been widely cited in the Swedish and other national media^[7][8]. ERC's positive contribution to Swedbank's development during the credit crisis is covered extensively in a recent book ("Fritt Fall: the game at Swedbank", by Birgitta Forsberg).

ERC has mandates with several financial institutions across Europe as well as individual corporate clients. It is a frequent contributor to external events.

Advisory

Advisory activities are targeted towards Northern European clients, and include advisory within M&A, Equity, Debt, and, Financial Restructuring^[9].

Investments

Investment Activities are typically focused on situations where Ovington Financial Partners can benefit their restructuring or advisory clients, and on a limited basis elsewhere^[10].

The company has raised its fund Underwriting Capital I in 2010, focusing on providing capital in underwriting situations and in other situations where short-term capital is needed including bridge-financings^[11].

References

1. ^ Ovington Financial Background (Company Website)
2. ^ Final results of Eniro’s rights offering
3. ^ Company Description
4. ^ Dagens PS 05-02-2009
5. ^ Financial Times Deutschland 23-01-2009
6. ^ People of Ovington Financial Partners
7. ^ Veckans Affärer 50/2009
8. ^ Affärs Världen 29-08-2009
9. ^ Advisory Activities Product Offering
10. ^ Investment Activities
11. ^ Underwriting Capital I

External links

• Ovington Financial Partners (company website)