Original title: Erottaja
In the world of big money, there are two emotional states. The markets are dominated either by fear or greed.
The international financial crisis is mangling capital markets, fortunes are being crushed in seconds and others are being made just as quickly. A Finnish asset management company founded by three friends descends into the eye of the storm, setting off a fierce competition: who will buy the company for themselves – and with whom?
The Buyout is a financial thriller. Instead of the world politics and violence characteristic of action thrillers, the suspense arises from the intrigues of people working in the capital markets. Karo Hämäläinen has combined the excitement of an action thriller with page-turning narration in a social novel. The result is a hybrid – a novel of unusually depth and narrative control that is also highly readable and entertaining.
As an investment expert, Hämäläinen has his facts straight and reveals a whole range of pitfalls present in the world of high finance over the course of the novel. The repurchase of the Finnish asset management company that functions as the framework for the action of the novel is based on actual events, the downfall of the Icelandic Glitnir Bank. Hämäläinen spent the blackest day of the financial crisis of 2008 in the offices of Glitnir, observing the actions and emotions of the toughest Finnish capital market professionals. He has also interviewed the most important Finnish bankers who were involved in the sale of Glitnir, receiving valuable behind-the-scenes information.
Shortlisted for the Savonia Prize 2011
Tampere Literary Prize 2012