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Independent
Advice in Finance

Services

The core service offering of Lilja & Co. is independent advice on equity offerings and dual track exits. We leverage that transaction expertise to also offer closely related specialised financial advisory services.

 

Equity Offerings

We advise privately-owned companies on:

  • IPOs
  • Spin-offs & spin-outs
  • Alternative ways of crystallising value ​

We advise publicly-listed companies on:

  • Follow-ons (capital increases, secondary sell-downs)
  • Equity-linked offerings ​

We add substantial value in:

  • Assisting companies and their owners in deciding if and how it makes sense to tap the equity capital markets
  • Preparing companies for the capital markets on a timely basis
  • Selecting and hiring banks and other advisers on optimal terms
  • Increasing valuation transparency throughout the process
  • Setting the optimal price range/ offer pricing
  • Allocating shares to the right investor base

 

Dual Tracks

The various conflicts of interests in dual track exit processes, i.e. the simultaneous pursuit of an IPO and a Trade Sale, need to be managed. ​

In addition to the specific value add provided directly in relation to the IPO, in a dual track, Lilja & Co. will in particular advise on:

  • Defining the appropriate type of dual track given the specific situation
  • Aligning both tracks, avoiding redundancies, and defining the key decision criteria and decision points
  • Incentivising banks appropriately on both tracks
  • The incentivisation of management to pursue both tracks with equal focus​
  • Selecting the optimal exit option by evaluating the relative attractiveness of both the IPO and the Trade Sale at each key decision point

 

Specialised Financial Advisory

We leverage our capital markets transaction experience and offer specialised advice in the following areas: ​

  • Exit/ Capital markets readiness assessment ahead of a proposed IPO or dual track exit process
  • Early company preparation (including strategic, organisational and financial) 
  • Teach-ins/ workshops about all aspects of going public and being a public company
  • Corporate governance and management incentivisation advice for privately- and publicly-owned companies
  • Investor perception studies
  • Helping, amongst others, publicly-listed companies target the highest quality institutional investors (based on our proprietary investor database)
  • M&A services in specific situations