Swedbank

Swedbank AB is a prominent Nordic-Baltic banking group that provides a wide range of services, including retail banking and asset management. Established through the merger of savings and union banks in Sweden during the early 1990s, Swedbank has deep roots in the Swedish savings bank tradition. The bank primarily generates its income from its operations in Sweden, where it remains one of the oldest financial institutions. Additionally, Swedbank holds a significant market presence in the Baltic states of Estonia, Latvia, and Lithuania, boasting a market share in retail banking that ranges from 20% to 55%. The bank collaborates closely with independent savings banks in Sweden, utilizing shared IT systems and development costs to enhance its product distribution channels.

Jon Lidefelt

CFO, Finance

32 past transactions

Nordic Solar Energy

Debt Financing in 2025
Nordic Solar Energy is a European company specializing in the production of renewable energy, with a focus on solar power. It owns and operates utility-scale solar photovoltaic (PV) parks, developing, constructing, and managing these projects to generate clean energy.

Dynavox Group AB

Post in 2025
DynaVox was the premier source of communication aids for speech, language, and learning challenges related to autism, aphasia, cerebral palsy, and other neurological disorders.

Helen

Debt Financing in 2024
Helen sell electricity to about 450,000 customers and heat more than 90 percent of Helsinki's properties with district heating.

Swedish Logistic Property

Post in 2024
Swedish Logistic Property is a real estate company that specializes in the acquisition, development, and management of logistics properties throughout Sweden. The company focuses on creating modern, energy-efficient logistics solutions tailored to the needs of diverse businesses. Its portfolio features strategically located properties that enhance logistics and supply chain operations. In addition to managing existing facilities, Swedish Logistic Property is actively involved in acquiring and developing new properties to expand its presence in the logistics real estate market. The company's commitment to sustainability is reflected in its construction practices and the operation of its logistics facilities, ensuring environmentally responsible development.

ITAB Shop Concept

Post in 2024
ITAB Shop Concept is a Sweden-based company that specializes in the development, manufacture, and installation of comprehensive shop fitting concepts for retail chain stores. With production facilities in Europe and China, the company operates across various countries, offering customized solutions that enhance the shopping environment. ITAB provides a range of products, including tailored shop concepts, checkout solutions, and professional lighting systems. By employing a project management approach, ITAB Shop Concept delivers all-inclusive solutions that cover the entire process from design to installation. The majority of the company's revenue is generated from its operations in Europe.

Tallinna Sadam AS

Post in 2024
Tallinna Sadam AS is a leading provider of port services in Estonia, operating as a landlord-type port. The company manages a variety of facilities through its Passenger Harbours, Cargo Harbours, Ferry, and Other segments. It owns and develops key infrastructure, including the Old City Harbor and Old City Marina in Tallinn, the Muuga cargo harbor, the Paldiski cargo harbor, and a harbor in Saaremaa for cruise ships and recreational vessels. Tallinna Sadam ensures safe navigation and organizes vessel traffic within its waters while leasing land to cargo operators. Additionally, the company provides icebreaking and offshore support services, along with ferry connections between the mainland and Estonia's largest islands. Founded in 1996 and headquartered in Tallinn, Tallinna Sadam is committed to fostering economic growth through modern and efficient logistical solutions and the development of real estate and industrial parks within its harbor areas.

Musti Group

Post in 2024
Musti Group Oyj is a pet care specialist operating in Finland, Sweden, and Norway. Founded in 1988 and headquartered in Helsinki, the company offers a diverse range of pet products, including food and non-food items under both its own and third-party brands. Musti Group provides various services such as grooming, nail clipping, dietary planning, veterinary care, and training. The company markets its offerings through several brands, including Musti ja Mirri, Arken Zoo, Musti, Djurmagazinet, Peten Koiratarvike, Vetzoo, and Animail. As of September 2020, Musti Group operated over 300 owned and franchised stores, alongside a robust online presence, ensuring accessibility for pet owners across its operating regions.

Inbank AS

Funding Round in 2024
Inbank is a consumer finance-focused digital bank with an EU credit institution license, active in seven countries.

Paywerk

Acquisition in 2024
Paywerk is a technology company that provides a 'Buy Now, Pay Later' (BNPL) payment platform for online retailers. Its platform enables customers to purchase goods and pay for them in installments, with the full amount being settled by the customer within 30 days. Paywerk differentiates itself by focusing on sustainability and transparency, aiming to deliver a seamless cross-border shopping experience. The platform offers features such as convenient card payments, higher approval rates, and multiple financing options, ensuring merchants receive full payment upon delivery.

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.

eAgronom

Series A in 2024
eAgronom is a company dedicated to promoting sustainable agriculture through innovative technology. Founded by Robin Saluoks, eAgronom aims to align economic interests with ecological goals to accelerate the adoption of regenerative farming practices. The company offers an online farm management system that helps farmers plan, manage, and analyze agricultural activities efficiently. This platform also guides farmers toward carbon-capturing practices and provides transparency for carbon credit buyers. With over 1,500 paying farmers using their farm monitoring and AI consulting services, eAgronom is positioned to become a leading provider of agricultural carbon credits in Europe.

Peab

Post in 2023
Peab is a prominent Nordic construction and civil engineering company focused on delivering quality throughout all stages of the construction process. The company is involved in a variety of projects, including housing, transportation, commercial properties, and building materials. Its operations are divided into four main business areas: construction, civil engineering, industry, and project development, with construction accounting for approximately half of its total revenue. Peab collaborates with a network of subcontractors and external suppliers to innovate and effectively plan projects. The majority of its sales are generated in Sweden, where Peab utilizes its technical expertise and customer input to provide tailored solutions for its clients.

Alelion Energy Systems

Debt Financing in 2023
Alelion Energy Systems AB, based in Nödinge, Sweden, specializes in energy storage solutions and the development of high-performance lithium-ion batteries. Established in 2006 as a spin-out from ETC Batteries and Fuelcells, the company focuses on designing and delivering tailor-made battery systems and power electronics that cater to demanding applications across various industries. Alelion Energy Systems emphasizes the safety and longevity of its lithium-ion cells, which are engineered to offer exceptional cycle performance. The company manages the complete battery subsystem, allowing clients to concentrate on their core products and applications. With a production area of 1600 m² and a team of highly educated employees possessing extensive experience in electronics, software, and mechanical development, Alelion combines robust technical expertise with a commitment to efficient production processes. The company's evolution included a change of ownership in 2007 and a rebranding in 2016, highlighting its continuous growth and innovation in the energy storage sector.

Enefit Green AS

Debt Financing in 2022
Enefit Green AS is a company focused on renewable energy production, consolidating various production units under a single entity. It operates multiple facilities in Estonia and has a subsidiary in Latvia, known as SIA Enefit Power and Heat Valka, which is responsible for generating electricity and heat in the town of Valka. This structure allows Enefit Green to streamline its operations and enhance its contributions to the renewable energy sector in the region.

Musti Group

Post in 2022
Musti Group Oyj is a pet care specialist operating in Finland, Sweden, and Norway. Founded in 1988 and headquartered in Helsinki, the company offers a diverse range of pet products, including food and non-food items under both its own and third-party brands. Musti Group provides various services such as grooming, nail clipping, dietary planning, veterinary care, and training. The company markets its offerings through several brands, including Musti ja Mirri, Arken Zoo, Musti, Djurmagazinet, Peten Koiratarvike, Vetzoo, and Animail. As of September 2020, Musti Group operated over 300 owned and franchised stores, alongside a robust online presence, ensuring accessibility for pet owners across its operating regions.

Yabie

Venture Round in 2022
Yabie is a developer of a comprehensive payment platform designed to streamline in-store transactions for retail owners. The platform enables users to browse, scan, or search for products, apply discounts and campaigns, and utilize multiple payment methods. In addition to facilitating sales, Yabie’s solution allows store associates to manage customer service issues and engage with customers throughout the sales floor, enhancing the overall shopping experience. By providing a complete ecosystem for retail transactions, Yabie empowers small businesses to focus on their core operations while improving customer interactions.

Kojamo

Post in 2022
Kojamo plc is a prominent real estate investment company based in Finland, specializing in the development and management of rental apartments and housing services. The company aims to enhance the attractiveness of rental housing by introducing innovative living solutions and services that cater to the evolving needs of urban residents. Kojamo operates primarily in Finland's key growth centers, with a strong focus on the Helsinki region. Its operations are divided into two main segments: Lumo, which provides modern rental housing and advanced services, and VVO, a non-commercial segment that offers homes with rents based on the cost-price principle. By promoting work-related mobility and well-being while also emphasizing environmental sustainability, Kojamo aspires to be a leader in the housing sector and the preferred choice for customers seeking quality rental accommodations.

Yabie

Venture Round in 2021
Yabie is a developer of a comprehensive payment platform designed to streamline in-store transactions for retail owners. The platform enables users to browse, scan, or search for products, apply discounts and campaigns, and utilize multiple payment methods. In addition to facilitating sales, Yabie’s solution allows store associates to manage customer service issues and engage with customers throughout the sales floor, enhancing the overall shopping experience. By providing a complete ecosystem for retail transactions, Yabie empowers small businesses to focus on their core operations while improving customer interactions.

Exeger

Debt Financing in 2021
Exeger Sweden AB is a technology company that specializes in the development and commercialization of innovative light energy harvesting solutions. The company focuses on creating dye-sensitized solar cells that convert various forms of light, including both natural and artificial light, into electrical energy. This technology enables the integration of self-power capabilities into everyday devices, enhancing their functionality and sustainability. Exeger's solar cells can be printed in various colors and free-form designs, making them suitable for a wide range of applications in consumer electronics, wearables, and other products. By providing efficient energy solutions that operate even in indoor lighting conditions, Exeger aims to transform how energy is perceived and utilized in everyday life.

Meniga

Venture Round in 2021
Meniga Ltd is a London-based company that specializes in developing white-label digital banking solutions aimed at enhancing personal finance management for banks, businesses, and individuals. Established in 2013, Meniga offers a comprehensive suite of products, including data aggregation, automated real-time notifications, predictive analytics, and personalized engagement tools. Its platform is designed to provide meaningful customer interactions and unlock new revenue opportunities through advanced data consolidation and enrichment. Additionally, Meniga facilitates cashback rewards and transaction-based carbon insights, allowing users to manage financial data efficiently while promoting sustainability. The company's modular and customizable solutions cater to the diverse needs of financial institutions, reinforcing their customer relationships and improving the overall online and mobile banking experience.

Northvolt

Debt Financing in 2020
Northvolt AB, founded in 2016 and headquartered in Stockholm, Sweden, specializes in the manufacturing of sustainable lithium-ion batteries primarily for the renewable energy and transportation sectors. The company designs and produces a range of battery solutions, including cells, custom cells, and complete battery systems, tailored to meet specific requirements in terms of chemistry and form factor. Northvolt's commitment to sustainability is evident in its eco-friendly manufacturing processes, which ensure a minimal carbon footprint and incorporate advanced recycling technologies. By focusing on the development of high-quality, sustainable battery cells and systems, Northvolt aims to support the electrification of various markets, including automotive, grid storage, industrial applications, and micromobility, facilitating the transition away from fossil fuels towards cleaner energy sources.

Yabie

Venture Round in 2019
Yabie is a developer of a comprehensive payment platform designed to streamline in-store transactions for retail owners. The platform enables users to browse, scan, or search for products, apply discounts and campaigns, and utilize multiple payment methods. In addition to facilitating sales, Yabie’s solution allows store associates to manage customer service issues and engage with customers throughout the sales floor, enhancing the overall shopping experience. By providing a complete ecosystem for retail transactions, Yabie empowers small businesses to focus on their core operations while improving customer interactions.

Minna Technologies

Series A in 2019
Minna Technologies is a provider of subscription management services that connects banks and fintech companies with subscription businesses, allowing consumers to manage their subscriptions directly within their banking apps. The company's applications help users identify and display their active subscriptions, enabling them to switch to more affordable alternatives or cancel unwanted services. Minna Technologies focuses on streamlining the management of monthly payments for various subscriptions, including energy, mobile, and broadband services. By offering a reliable and secure platform, the company enhances the customer experience while promoting cost-effective subscription management.

Meniga

Venture Round in 2018
Meniga Ltd is a London-based company that specializes in developing white-label digital banking solutions aimed at enhancing personal finance management for banks, businesses, and individuals. Established in 2013, Meniga offers a comprehensive suite of products, including data aggregation, automated real-time notifications, predictive analytics, and personalized engagement tools. Its platform is designed to provide meaningful customer interactions and unlock new revenue opportunities through advanced data consolidation and enrichment. Additionally, Meniga facilitates cashback rewards and transaction-based carbon insights, allowing users to manage financial data efficiently while promoting sustainability. The company's modular and customizable solutions cater to the diverse needs of financial institutions, reinforcing their customer relationships and improving the overall online and mobile banking experience.

PayEx

Acquisition in 2017
PayEx specializes in providing comprehensive payment solutions across various channels, including internet, mobile, and physical commerce. The company offers a range of services designed to facilitate transactions and enhance customer experiences. Its offerings include billing, collection, financing, and payment terminals, as well as administrative services. Additionally, PayEx provides financial services such as factoring, part-payments, and loans, enabling clients to manage their transactions effectively. With a focus on versatility, PayEx supports multiple payment methods, ensuring that customers can transact seamlessly regardless of their preferred platform.

Bindwise

Grant in 2016
Bindwise is a technology company that offers a cloud-based analytical platform designed to streamline workflow management for online merchants and sellers. By eliminating manual tasks associated with the online selling process, Bindwise enables eCommerce entrepreneurs to focus on their core business functions while freeing up valuable time for personal pursuits. The platform efficiently manages orders, inventory, and stock levels, while also providing protection against unauthorized sellers. Through its innovative solutions, Bindwise aims to enhance the operational efficiency of online businesses and contribute to the advancement of the trade industry.

HansaMatrix

Venture Round in 2016
HansaMatrix operates as an original design manufacturer (ODM), specializing in the production of electronic systems and components for various sectors including transportation, telecommunications, energy management, the Internet of Things (IoT), medicine, and defense technology. The company focuses on developing customized products and solutions, collaborating closely with clients to meet specific design objectives. HansaMatrix offers a range of manufacturing services, such as prototyping, printed circuit board assembly, and precise mechanical part manufacturing, ensuring that its products adhere to international quality standards. By prioritizing the creation of high-value-added electronics, HansaMatrix aims to achieve premium pricing for its successful product designs.

NCC

Post in 2014
NCC is a leading construction company specializing in the development of commercial buildings, infrastructure projects, and related services. The company operates through five business areas: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. Each segment focuses on specific aspects of the construction and development process, allowing NCC to deliver comprehensive solutions across various project types. With a commitment to quality and innovation, NCC has established itself as a prominent player in the construction industry.

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.

NCC

Post in 2012
NCC is a leading construction company specializing in the development of commercial buildings, infrastructure projects, and related services. The company operates through five business areas: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. Each segment focuses on specific aspects of the construction and development process, allowing NCC to deliver comprehensive solutions across various project types. With a commitment to quality and innovation, NCC has established itself as a prominent player in the construction industry.

Banco Fonder

Acquisition in 2008
Banco Fonder AB is a banking institution based in Stockholm, Sweden, that specializes in managing investments for clients through equity and interest funds. The company operates as a subsidiary of Swedbank Robur AB and focuses on providing banking services that cater to investors. Banco Fonder primarily invests in equities issued by companies in the Nordic region, although it has the flexibility to allocate up to 10 percent of its assets to global investments. The firm is dedicated to offering a range of financial solutions aimed at optimizing investment opportunities for its clientele.

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.
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