Investment Summary

Formica Capital Invests In Nock

On November 22, 2021, family office Formica Capital invested in construction company Nock

Investment Highlights
  • This is Formica Capital’s 1st transaction in the Construction sector.
  • This is Formica Capital’s 4th transaction in Sweden.

Investment Summary

Date 2021-11-22
Target Nock
Sector Construction
Investor(s) Formica Capital
Deal Type Growth Capital

Target

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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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 8 of 11
Sector: Construction M&A 1 of 1
Type: Growth Capital M&A Deals 4 of 5
Country: Sweden M&A 4 of 7
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 Polarium

Stockholm, Sweden

Polarium is a provider of energy storage developer. We make energy storage and optimization solutions built on lithium-ion battery technology for businesses within telecom, commercial and industrial facilities across the world. Polarium was founded in 2015 and is based in Stockholm, Sweden.

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