The Buyout, by Karo Hämäläinen
After reading this book, I felt like immediately changing my investment strategy (perhaps switching to cash in a mattress?), and my ability to stomach the nonsensical explanations of self-serving politicians about why the world is suffering from this financial crisis dropped through the floor. Karo Hämäläinen reminds us what really got us here: the greed and machinations of financial wizards who did their best to hide the risks and consequences of their actions in order to keep making money. The Buyout is that rarest of things in the thriller genre: a dose of reality. Murder mysteries are fundamentally at a remove from almost everyone’s normal lives, but The Buyout is about all of our lives. Anyone who has ever seen the value of their stock portfolio jump like a kid on a trampoline will read this new financial thriller with white knuckles.
From the Elina Ahlbäck Agency:
Original title: Erottaja | Published: 2011 | Publisher: WSOY
Class: Fiction | Pages: 462 | Format: 220 x 155 mm | Binding: Hardcover
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.
English sample available
“The managing editor of Arvopaperi, author Karo Hämäläinen, has written a book that verges on patricide.” – Henrik Muukkonen, Talouselämä (Finland’s leading business weekly)
“If you’re interested in the movements of big money and the fates of the people who operate on the dark side of the investment funds, you could hardly spend an evening better. – Hämäläinen’s latest is a chillingly realistic financial thriller. The story reads like reality, which the author can take as a compliment. – The Buyout could be considered one of the landmarks of the continuing economic crisis.” – Matti Posio, Aamulehti (Finland’s second largest daily newspaper)
“This hefty work keeps a hold on you until the very end. Instead of high-speed chases and firefights, the suspense of this thriller is created by investment risk, white-collar crime, corporate takeover negotiations, and power games. – What makes this carefully constructed, believable novel extraordinary is the analysis that parallels the plot. – The novel’s account of what happens behind the scenes in the banking and financial sectors will speak to every bank account holder.” – Joni Pyysalo, Suomen Kuvalehti (Finland’s leading current events weekly)
“The atmosphere is like on the savannah, where scavengers lie in wait for their prey and each other – This is the hidden appeal of Hämäläinen’s book. Negative humanity arouses the reader’s interest. The reader wants to know what will happen to these people. This is a book you have to read to the end. If you have to read a thriller to the end, then its author has succeeded in his work. Hämäläinen has.” – Juhana Rossi, Helsingin Sanomat (Finland’s largest daily newspaper)