DNB Bank

DNB Bank is a prominent Norwegian financial services group headquartered in Oslo, offering a comprehensive range of financial products and services to both retail and corporate customers. Established in 1822, DNB provides loans, savings accounts, advisory services, insurance, and pension products. The bank's personal banking offerings include various savings and investment options. For corporate clients, DNB delivers investment banking services that encompass financial and strategic advice related to capital raising, mergers and acquisitions, and restructurings. Its clientele spans multiple sectors, including energy, manufacturing, healthcare, shipping, and technology. DNB distributes its services through various channels, including mobile and online banking, bank offices, and in-store outlets, ensuring accessibility for its diverse customer base.

Sven Gustav Bakken

Managing Director, Capital Markets

Thor Tellefsen

Senior Vice President and Head of Long Term Funding

47 past transactions

Mainstream Renewable Power

Debt Financing in 2025
Mainstream Renewable Power is an independent company focused on the development and management of renewable energy projects, particularly in the onshore and offshore wind and solar sectors. Founded in 2008 and headquartered in Sandyford, Dublin, the company has successfully delivered over 800 MW of wind and solar assets into commercial operation. Currently, Mainstream is in the process of constructing an additional 1.5 GW of renewable energy capacity across Latin America and Africa. The company specializes in acquiring, developing, and operating energy assets by identifying greenfield sites in high-growth markets, providing alternative energy production solutions to clients worldwide.

Vow Green Metals

Post in 2025
Vow Green Metals purpose is to hasten the global switch to renewable resources by providing environmentally friendly substitutes for fossil reduction agents in the metallurgical sector.

Lifco

Post in 2025
Lifco is a diversified company that specializes in acquiring and developing niche businesses across various industries, focusing on long-term earnings growth and strong cash flows. Its operations are primarily divided into three business areas: dental, demolition and tools, and systems solutions. The dental division supplies consumables, equipment, and technical services to dental professionals. The demolition and tools segment manufactures and sells equipment for the construction and demolition sectors, including innovative demolition robots and crane attachments. Lastly, the systems solutions area provides a range of products and services, including interiors for service vehicles, contract manufacturing, environmental technology, sawmill equipment, and construction materials. Through its strategic acquisitions and development efforts, Lifco aims to create a secure environment for small and medium-sized businesses while enhancing its market presence.

Veidekke

Post in 2025
Veidekke ASA is a prominent construction and property development firm based in Scandinavia. The company engages in a wide range of activities, including the construction of residential and non-residential buildings, civil engineering projects, and infrastructure developments. It operates through six segments: Construction Norway, which focuses on apartment complexes and commercial buildings; Infrastructure Norway, covering road maintenance, railways, and airports; Construction Sweden, which involves residential units, offices, and cultural institutions; Infrastructure Sweden, focusing on energy, heavy industry, and recycling facilities; and operations in Denmark. Veidekke is committed to delivering high-quality construction services while emphasizing sustainability and innovation in its projects.

Receipts

Seed Round in 2025
Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.

Borregaard ASA

Post in 2024
Borregaard ASA is a Norwegian company that develops, produces, and sells biomaterials, biochemicals, and fine chemicals, with operations in Europe, the United States, and Asia. The company is organized into three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment specializes in biopolymers used as binding and dispersing agents across various industries, including construction and agrochemicals, and also produces biovanillin for the food and beverage sector. The BioMaterials segment offers specialty cellulose, which serves as a raw material in the manufacturing of cellulose ethers and other specialty products, as well as cellulose fibrils for industrial applications. The Fine Chemicals segment provides pharmaceutical intermediates and bioethanol. Borregaard ASA operates green biorefineries, focusing on environmentally friendly biochemicals derived from renewable resources, thereby offering sustainable alternatives to oil-based products. Established in 2012, the company is headquartered in Sarpsborg, Norway.

Carnegie Investment Bank

Acquisition in 2024
Carnegie Investment Bank, founded in 1803 and headquartered in Stockholm, Sweden, is a financial institution that specializes in providing a range of services including investment banking, financial advisory, and wealth management. The firm focuses on mergers and acquisitions, private placements of debt and equity, and initial public offerings, while also offering fundraising advisory, securities brokerage, and private banking services. Additionally, Carnegie Asset Management operates as an independent asset manager, aiming to achieve consistent, long-term asset growth for clients through a unique investment philosophy centered on careful stock-picking and global trends. With a stable team of experienced portfolio managers, Carnegie has established a reputation for delivering world-class investment results over the past two decades.

Scandi Standard

Post in 2024
Scandi Standard is a leading food company specializing in the production and supply of chicken and chicken-based products across the Nordic region and Ireland. Established in 2013, the company consolidated the largest poultry operations in the region, creating a market leader in the sector. Scandi Standard markets its products under several brand names, including Kronfågel, Danpo, Den Stolte Hane, Naapurin Maalaiskana, and Manor Farm. With operations in Sweden, Denmark, Norway, Finland, and Ireland, the company primarily generates its revenue from the Ready to Cook segment, with a significant portion coming from its home market of Sweden. Scandi Standard employs nearly 1,700 individuals and has an annual turnover of approximately SEK 5.2 billion, focusing on delivering high-quality chicken products to both domestic and export markets.

Embracer Group

Post in 2024
Embracer Group is a parent company that oversees a diverse array of businesses focused on the development and publishing of PC, console, mobile, and tabletop games, along with related media. Formerly known as THQ Nordic AB, the company rebranded to Embracer Group in 2019 to enhance clarity regarding its structure. With a robust portfolio of over 850 owned or controlled brands, Embracer Group includes notable franchises such as Saints Row, Dead Island, and Borderlands. The group operates through ten divisions, including THQ Nordic GmbH, Koch Media GmbH/Deep Silver, and Gearbox Entertainment, among others. Headquartered in Karlstad, Sweden, Embracer Group employs over 12,500 staff and contracted developers across more than 40 countries. The company generates most of its revenue from game development and publishing, with significant income derived from the United States and Europe.

Star Bulk

Post in 2024
Star Bulk is a global shipping company that provides high quality transportation services of dry bulk cargoes. On a fully delivered basis the Star Bulk fleet comprises of 118 modern vessels built in world-class shipyards and with an average age of approximately 8 years. Our fleet’s composition is highly diversified ranging from Supramax vessels to Newcastlemax vessels and has a total capacity of more than 13 million DWT.

Mainstream Renewable Power

Debt Financing in 2023
Mainstream Renewable Power is an independent company focused on the development and management of renewable energy projects, particularly in the onshore and offshore wind and solar sectors. Founded in 2008 and headquartered in Sandyford, Dublin, the company has successfully delivered over 800 MW of wind and solar assets into commercial operation. Currently, Mainstream is in the process of constructing an additional 1.5 GW of renewable energy capacity across Latin America and Africa. The company specializes in acquiring, developing, and operating energy assets by identifying greenfield sites in high-growth markets, providing alternative energy production solutions to clients worldwide.

Greenvolt Power

Debt Financing in 2023
Greenvolt Power USA is a renewable energy platform that develops and operates onshore Wind and photovoltaic installations. Greenvolt Power is a global producer of renewable electricity that relies on experienced employees in Europe and the United States to apply their know-how and expertise to solar and wind projects, as well as energy storage.

Lyvia Group

Debt Financing in 2023
Lyvia Group is a European technology partner that provides comprehensive digital design and technology development services. The company specializes in supporting entrepreneurial firms by offering a range of solutions, including custom software development, IT services, digital marketing, creative consulting, software as a service (SaaS), and technical consulting. By focusing on mission-critical areas, Lyvia Group enables its clients to access tailored software solutions and specialized IT services, effectively addressing their unique business needs.

Brim

Post in 2023
Brim produces food from fresh seafood in harmony with society and the environment. They use the latest technology to increase the utilization of the catch and to ensure the safety and well-being of the staff. It has an integrated operation of fishing, processing, and marketing that promotes more efficient production and ensures an unrestricted path of the catch to the buyer.

Salmon Evolution

Post in 2023
Salmon Evolution is a Norwegian company specializing in land-based salmon farming, employing hybrid flow-through technology to create optimal growing conditions for fish. Located in Indre Harøy, the facility benefits from access to a skilled workforce, established infrastructure, and renewable energy, while utilizing clean seawater from the nearby coast. The company operates through two segments: Farming Norway, which encompasses its various farming and sales entities, and Other, which includes non-farming-related revenue and costs. By leveraging the advantages of land-based farming, Salmon Evolution aims to produce high-quality salmon in a sustainable manner.

Otovo

Post in 2023
Otovo is a renewable energy company founded in Oslo in 2016 that specializes in providing homeowners with solar panel installations and battery solutions. Acting as a marketplace, Otovo connects customers with a network of thoroughly vetted local energy installers across multiple European cities, including Stockholm, Paris, and Madrid. The company employs proprietary technology to assess each home's solar potential and offer tailored project recommendations. Otovo has successfully completed thousands of solar energy projects and aspires to become the leading provider of residential solar solutions in Europe. The company is financially robust, supported by significant investments from major Scandinavian entities, including a municipal pension fund and a green sovereign investment fund.

Edify Energy

Debt Financing in 2022
Edify Energy is a renewable energy company that specializes in solar project structuring, investments, and financing services.

Ocean GeoLoop

Venture Round in 2020
Ocean GeoLoop has developed natural ways to capture CO2 and either store it long-term (or permanently) in the oceans or bring it back into the circular cyclicity of nature. No use of chemicals, toxins or other harmful consumables and no pollution of any kind

Climeon

Post in 2020
Climeon is a clean-tech company based in Stockholm, Sweden, that specializes in converting waste heat and geothermal heat into clean electricity. Founded in 2011 by Thomas Öström and Joachim Karthäuser, Climeon focuses on developing low-temperature industrial and geothermal waste heat recovery products. Its primary offering is the Climeon Heat Power system, which efficiently generates electricity from temperature differences in water and gas. The company serves various sectors, including geothermal energy, industrial processes, power stations, and maritime applications, and operates across Sweden, Europe, North America, and Asia. Climeon's innovative solutions contribute to sustainable energy practices by recycling and converting low-temperature heat into environmentally friendly electricity.

Mainstream Renewable Power

Debt Financing in 2020
Mainstream Renewable Power is an independent company focused on the development and management of renewable energy projects, particularly in the onshore and offshore wind and solar sectors. Founded in 2008 and headquartered in Sandyford, Dublin, the company has successfully delivered over 800 MW of wind and solar assets into commercial operation. Currently, Mainstream is in the process of constructing an additional 1.5 GW of renewable energy capacity across Latin America and Africa. The company specializes in acquiring, developing, and operating energy assets by identifying greenfield sites in high-growth markets, providing alternative energy production solutions to clients worldwide.

X-Elio

Debt Financing in 2020
X-ELIO is a leading firm specialized in the development, construction, financing & operation of photovoltaic plants with a global presence.

Aiia

Venture Round in 2020
Aiia is an open banking platform in Europe, with more than a decade of experience in fintech and with hundreds of clients servicing both businesses and consumers. The mission of Aiia is to empower people to bring their financial data and accounts into play safely and transparently. Aiia’s platform allows businesses and financial institutions to integrate financial data and account-to-account payments into their services for millions of European citizens.

Space Norway

Funding Round in 2019
Space Norway formerly known Norsk Romsenter Eiendom, specializes in providing satellite mobile broadband coverage to civilian and military users in the Arctic. It has a disposal satellite-based communications capacity providing coverage of the Troll Research Station in Antarctica. The solution onboard the Thor 7 satellite has been developed in cooperation with Telenor. The company is driven by a mission to own and lease out space-related infrastructure, and to make other investments in space-related activities. Space Norway is also the owner of Statsat AS, a company that manages small satellites owned by the Norwegian state, such as AISSat-1 and -2 and Norsat-1 and -2. Space Norway was founded in 1995 as a subsidiary of the Norwegian Space Centre to operate as a vehicle for the Centre’s operational activities.

EnfraGen Capital

Venture Round in 2019
EnfraGen Capital operates as an investment management company.

Unite Living

Venture Round in 2019
Unite Living is a service where roommates who fit well together can find each other based on desired characteristics, personality traits and interests. It is difficult to find a place where everyone gets along. Unite Living changes the way you go to find roommates and a home to live in.

Simp

Venture Round in 2019
SIMP Social WiFi is an innovative & smart social media marketing and guest network platform that visualize your social media to the broadest and invite your customers to like, check in or follow your business on selected media platform. Identify your target group and conduct an efficient and accurate marketing. Loyal clients create growth and increased revenue. In today’s super competitive market, digital marketing is the most valuable asset you can have when targeting returning customers. There is also enormous potential in a "drop-in-customer". We help you get the most out of the opportunity and also build an accurate database. Learn more about how we use social WiFi to make things happen for your business: http://www.simp.no/

Fonn Construction

Seed Round in 2019
Fonn Construction is a user-friendly management software for construction teams. Get your work done with every update at your fingertips.

Mainstream Renewable Power

Debt Financing in 2019
Mainstream Renewable Power is an independent company focused on the development and management of renewable energy projects, particularly in the onshore and offshore wind and solar sectors. Founded in 2008 and headquartered in Sandyford, Dublin, the company has successfully delivered over 800 MW of wind and solar assets into commercial operation. Currently, Mainstream is in the process of constructing an additional 1.5 GW of renewable energy capacity across Latin America and Africa. The company specializes in acquiring, developing, and operating energy assets by identifying greenfield sites in high-growth markets, providing alternative energy production solutions to clients worldwide.

Luca

Seed Round in 2018
Luca is simple and inexpensive, designed for small businesses and sole proprietorships. They have everything their need to take control of the company and electronically deliver the necessary forms to the authorities.

Spiir

Venture Round in 2018
Spiir is a personal finance management application that helps users track their spending and manage their budgets effectively. The app provides a comprehensive overview of finances, allowing users to monitor their expenditures and identify more affordable alternatives for fixed costs. By simplifying the budgeting process, Spiir aims to make financial management more accessible and less tedious for individuals. Users can download the app for free, making it an appealing option for those looking to take control of their economic activities.

Aiia

Venture Round in 2018
Aiia is an open banking platform in Europe, with more than a decade of experience in fintech and with hundreds of clients servicing both businesses and consumers. The mission of Aiia is to empower people to bring their financial data and accounts into play safely and transparently. Aiia’s platform allows businesses and financial institutions to integrate financial data and account-to-account payments into their services for millions of European citizens.

ePekebok

Venture Round in 2018
ePekebok AS develops a reading platform Lesemeister that gives students access to e-books from the Norwegian publishers. The platform enables readers get readpoints, read with and without sound, record and listen in own reading voice, and automatic reading log.

Payr

Seed Round in 2018
Payr is a financial technology company focused on enhancing the financial well-being of its users. Through its mobile banking application, Payr empowers individuals to manage their finances effectively, offering them control and promoting financial wellness. The platform allows users to pay invoices using various methods, including bank accounts, debit or credit cards, and digital wallets. Additionally, Payr analyzes users' payment patterns to suggest more affordable or better service providers for the same products, thereby helping customers save both time and money. By leveraging science, psychology, and technology, Payr aims to create meaningful product experiences that contribute to improved financial lives.

Nille AS

Acquisition in 2018
Nille AS is a Norwegian company that operates a chain of discount retail stores, primarily targeting women with a diverse range of products. Founded in 1981 and based in Trollåsen, the company offers items such as candles, napkins, birthday products, kitchen supplies, and textiles. Nille AS provides its products through both online and offline channels, catering to a broad customer base. As of April 2018, it operates as a subsidiary of DNB ASA.

Payr

Seed Round in 2017
Payr is a financial technology company focused on enhancing the financial well-being of its users. Through its mobile banking application, Payr empowers individuals to manage their finances effectively, offering them control and promoting financial wellness. The platform allows users to pay invoices using various methods, including bank accounts, debit or credit cards, and digital wallets. Additionally, Payr analyzes users' payment patterns to suggest more affordable or better service providers for the same products, thereby helping customers save both time and money. By leveraging science, psychology, and technology, Payr aims to create meaningful product experiences that contribute to improved financial lives.

Chooose

Angel Round in 2017
Chooose builds software to enable the lower carbon fuel value chain.

Recipharm

Post in 2014
Recipharm, established in Sweden in 1995 and headquartered in Jordbro, is a prominent Contract Development and Manufacturing Organisation (CDMO) that serves pharmaceutical and biotech companies. With a workforce of approximately 3,500 employees, Recipharm specializes in supporting clients throughout the entire lifecycle of pharmaceutical products, from early development to commercial manufacturing. The company is dedicated to delivering innovative solutions that help its clients bring products to market efficiently and cost-effectively. By prioritizing respect for all stakeholders and ensuring value for money, Recipharm distinguishes itself in a competitive industry, reinforcing its commitment to long-term partnerships with its clients.

NorSun

Debt Financing in 2009
NorSun is a Norwegian company specializing in the manufacture of high-performance monocrystalline silicon ingots and wafers for the solar energy industry. The company utilizes the Czochralski process to produce its products, which involves melting polysilicon and shaping it into blocks that are then sliced into thin wafers. These wafers are supplied to leading manufacturers of high-efficiency solar cells, who prioritize quality and innovation in their production processes. NorSun operates modern production facilities in Årdal, Norway, and Vantaa, Finland, with an annual production capacity projected to exceed 200 MWp. The company is dedicated to enhancing economies of scale and advancing technology to improve the efficiency and affordability of solar energy conversion.

SantoSolve

Venture Round in 2007
SantoSolve is focused on developing topical analgesic products that utilize non-radioactive strontium as the active ingredient. The company aims to provide effective pain management solutions that mitigate the adverse effects and health risks associated with traditional pain medications. Their lead product, 2PX, is designed for topical application and employs dermal penetration enhancers to deliver the active agent to targeted areas beneath the skin. Clinical trials have demonstrated that 2PX exhibits strong analgesic effects for various pain conditions, including nociceptive and neuropathic pain, with minimal systemic absorption and few minor adverse effects. The product has successfully completed Phase II clinical trials, particularly in osteoarthritis, where its analgesic efficacy was shown to be significantly superior to placebo treatments. SantoSolve's innovative approach offers patients a promising alternative for managing local and neuropathic pain conditions.

Boliden

Boliden is a metals company focused on sustainable development, operating in the fields of exploration, mining, smelting, and metals recycling. The company manages six mining areas and five smelters across Sweden, Norway, Finland, and Ireland, employing approximately 5,500 individuals and generating an annual turnover of around SEK 40 billion. Boliden's mining operations include both open-pit and underground mines, extracting ores primarily for zinc, copper, gold, and silver. The extracted ores are processed into metal concentrates at local concentrators and further refined into high-quality metals at the company's smelters. Boliden's products are mainly sold to industrial customers in Europe, with significant demand from the automotive and construction industries. The company plays a vital role in the circular economy by supplying essential resources while ensuring the recycling of metals after use, thereby contributing to long-term value for shareholders, employees, customers, suppliers, and local communities.

Cypress Creek Renewables

Cypress Creek Renewables is the American leader in Local Solar. Cypress uses a data driven approach to identify and acquire underutilized land on which it builds solar farms ranging from 2 – 20MW on average, and currently owns the largest solar farm east of the Mississippi River. Cypress sells the renewable energy these solar farms create back to local communities, typically at rates lower than fossil fuels. This process guarantees widespread, affordable access to clean energy.

Pacific Energy

Pacific Energy is an energy supply company based in Kingsway, Australia, specializing in the management, operation, and development of electricity generation facilities. The company operates approximately 40 power stations, collectively generating around 400 megawatts of power. Pacific Energy utilizes diesel, gas, and dual-fuel generators to provide tailored energy solutions that aim to minimize emissions and enhance efficiency for its clients. Through its diverse range of operations, the company plays a significant role in the energy sector, focusing on sustainable practices and innovative technologies.
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