Investment Summary

Formica Capital Invests In Charge Node

On November 18, 2021, family office Formica Capital invested in electrical equipment company Charge Node

Investment Highlights
  • This is Formica Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Formica Capital’s 3rd transaction in Sweden.

Investment Summary

Date 2021-11-18
Target Charge Node
Sector Electrical Equipment
Investor(s) Formica Capital
Deal Type Growth Capital

Target

Charge Node

Molndal, Sweden
Charge Node offers a smart charging system for scaled EV charging which builds upon in-house production and patent-pending charging technology. Customers are e.g. property owners, housing cooperatives, hotels, and travel destinations. ChargeNode was formed in 2018 and is based in Molndal, Sweden.

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Investor(S) 1

DESCRIPTION

Formica is a family investment company with a long-term investment perspective, driving performance under a strong sustainability agenda in both investment selection as well as in its active ownership model. Formica’s investments lie within a range from around SEK 50 Million to SEK 700 Million. Formica Capital was founded in 2018 and is headquartered in Gothenburg, Sweden.


DEAL STATS #
Overall 7 of 11
Sector: Electrical Equipment M&A 1 of 2
Type: Growth Capital M&A Deals 3 of 5
Country: Sweden M&A 3 of 7
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Rototec

Vantaa, Finland

Rototec is a provider of geothermal energy solutions, including thermal response tests (TRT), earth energy design and geothermal drilling to ground source heat pump systems. Rototec was founded in 2007 and is based in Vantaa, Finland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Nock

Alvangen, Sweden

Nock delivers prefabricated apartment buildings, offices, and buildings for the public environment. Nock has its own production of prefabricated apartment buildings in CLT wood outside Gothenburg. Nock builds modularly in CLT wood, which provides energy- and cost-efficient houses built from sustainable materials. Nock was founded in 2018 and is based in Alvangen, Sweden.

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