Helsinki seaside at dusk, seen across the Baltic waterfront

    Nordic clarity. Decisive outcomes.

    Argyon advises owners, boards and leaders on strategy, financing and treasury. From Helsinki, for the Nordics and beyond.

    Helsinki, Finland60.1699° N24.9384° E

    About


    Strategy decides where you're going, financing whether you can  Treasury whether you're still standing when you get there.

    Argyon is a Helsinki advisory built by practitioners who have run companies, raised the capital and lived with the covenants. We do the work ourselves, put it in writing, and stay until it holds without us.

    What we do


    Diagnostic


    Does this sound
    familiar?

    If more than one of these gives you pause, the issue is usually structural rather than a people problem. That is where we start.

    • 01

      Do you know your group-wide cash position today — without waiting for a spreadsheet round?

    • 02

      Would a two-point move in rates or a currency swing change your covenant headroom?

    • 03

      Is your financing structure built for the next growth step, or for the last one?

    • 04

      Could you defend your hedging policy to the board — and to a lender — this week?

    • 05

      If your treasury lead left tomorrow, would the process survive?

    Managing Partner


    Aki Borgentorp

    STRATEGY & FINANCE

    Aki has spent 15+ years as a founder, CEO and investor in the Nordics and Europe — building companies, structuring financing and co-investing alongside institutional investors, family offices and HNWIs, with organisations led across nine countries.

    Argyon was established to bring that operator's perspective to owners, boards and executive teams who require clarity and decisive outcomes.

    €100M+

    Financing raised

    6

    Companies founded

    Partner


    Johannes Kortekangas

    TREASURY & RISK MANAGEMENT

    Johannes builds practical treasury and financial risk capabilities, such as liquidity visibility, funding readiness, banking arrangements and risk reporting — before growth or market volatility turns them into control problems.

    Before Argyon, Johannes was Head of Treasury Operations at the satellite company ICEYE, and earlier led treasury at Gasum, the Finnish state-owned energy company — managing a debt portfolio of around €500 million through exceptional energy market volatility.

    €500M+

    Debt portfolio managed

    10+

    Years in treasury

    Ongoing engagements


    Live work across strategy, financing and treasury.

    Logistics / IndustrialsIntegration / Execution

    Post-acquisition integration — Logistics

    Supporting the integration of an acquired logistics business  — reorganising the company's management, ensuring seamless continuity of operations and corporate customer relations.

    Packaging / IndustrialsM&A advisory / Strategy

    M&A advisory and strategy — Packaging materials

    Advising a packaging materials manufacturer on a sequence of strategic transactions — from target mapping and valuation to board-ready decision materials and negotiation support.

    EnergyGovernance / Reporting

    Governance and financial reporting revamp — Energy

    Redesigning governance and financial reporting for a Nordic energy company — fewer numbers, clearer accountability, and materials that can be defended to the board and auditors.

    Visibility

    Cash, currency and rate exposure mapped so the numbers you take to the board hold up under questioning.

    Headroom

    Financing structured before you need it — covenants, maturities and lender relationships that leave room to act.

    Ownership

    Senior partners do the work themselves. No pyramid, no handover, no learning on your time.

    NOTES

    Notes from
    the North.

    • One page, four times a year.
    • Rates, funding conditions and covenant practice in the Nordics.
    • Written primarily for CFOs and finance leads.

    Four issues a year. Unsubscribe anytime.

    Contact


    Argyon Oy

    Konepajankuja 1
    00510 Helsinki, Finland

    office@argyon.com

    Tell us what you're working on — a refinancing, a hedging policy, a forecast you don't fully trust, or a board question you'd like a second opinion on. A partner replies within two business days.

     NOTES FOR FINANCE LEADS.Subscribe →