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

Past deals in Nordic Europe

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.

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.

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.

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.

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.

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.

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.

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.
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