Investment Summary

NOBA Bank Group Invests In Bank Norwegian

On November 2, 2021, NOBA Bank Group invested in financial services company Bank Norwegian from Nordic Capital and Sampo

Investment Highlights
  • This is NOBA Bank Group’s 1st transaction in the Financial Services sector.
  • This is NOBA Bank Group’s 1st transaction in Norway.

Investment Summary

Date 2021-11-02
Target Bank Norwegian
Sector Financial Services
Investor(s) NOBA Bank Group
Sellers(s) Nordic Capital
Sampo
Deal Type Stake Purchase

Target

Bank Norwegian

Fornebu, Norway
Bank Norwegian is a fully digital bank that provides simple and competitive products to the retail customer market with a strong offering in personal loans, credit cards, and savings. Bank Norwegian was founded in 2007 and is based in Fornebu, Norway.

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Investor(S) 1

Investor

NOBA Bank Group

Stockholm, Sweden

Category Company
Founded 2003
Sector Financial Services
Employees600
Revenue 689M SEK (2014)
DESCRIPTION

NOBA Bank Group is a nordic specialist bank focused on financial inclusion and responsible lending. The company offers mortgages, equity release, consumer loans, and savings products and currently serves some 200 000 customers. NOBA Bank Group was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 2

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 70 of 80
Sector: Financial Services M&A 4 of 4
Type: Stake Purchase M&A Deals 6 of 6
Country: Norway M&A 7 of 7
Year: 2021 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Cary Group

Stockholm, Sweden

Cary Group provides repair and replacement services to automotive glasses. Cary Group was formed in 1947 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Veonet

Munich, Germany

Veonet is a provider of ophthalmological care and outpatient treatment for major causes of blindness and visual impairment, offering diagnosis as well as surgical and non-invasive treatment of eye disorders. Veonet is based in Munich, Germany.

Sell -
SELLER

Sampo

Helsinki, Finland

Category Company
Founded 1909
Sector Financial Services
Employees15,126
Revenue 9.5B EUR (2024)
DESCRIPTION

Sampo is made up of the parent company Sampo plc, If P&C Insurance, Mandatum Life and Topdanmark. Sampo has two associated companies, Nordea and Nordax. Sampo was founded in 1909 and is based in Helsinki, Finland.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Bank Norwegian

Fornebu, Norway

Bank Norwegian is a fully digital bank that provides simple and competitive products to the retail customer market with a strong offering in personal loans, credit cards, and savings. Bank Norwegian was founded in 2007 and is based in Fornebu, Norway.

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