Investment Summary

Nordic Capital and Sampo Invest In Bank Norwegian

On August 19, 2019, private equity firm Nordic Capital and Sampo invested in financial services company Bank Norwegian from Norwegian Air Shuttle

Investment Highlights
  • This is Nordic Capital’s 5th and Sampo’s 2nd transaction in the Financial Services sector.
  • This is Nordic Capital’s 10th and Sampo’s 1st transaction in Norway.
Investment Fate
  • Bank Norwegian was sold to a consortium of buyers in 2021.

Investment Summary

Date 2019-08-19
Target Bank Norwegian
Sector Financial Services
Investor(s) Nordic Capital
Sampo
Sellers(s) Norwegian Air Shuttle
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) 2

Investor

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 103 of 142
Sector: Financial Services M&A 5 of 10
Type: Stake Purchase M&A Deals 4 of 5
Country: Norway M&A 10 of 12
Year: 2019 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-04 The Ellos Group

Borås, Sweden

The Ellos Group is an e-commerce group. Ellos Group constantly strives to develop and offer attractive fashion and home furnishings for the entire family. The Ellos Group was founded in 1947 and is based in Borås, Sweden.

Sell €229M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 iLOQ

Oulu, Finland

iLOQ is a developer, manufacturer, and marketer of high-security, electronic, and battery-free locking solutions that combine modern mechatronics with communications and software technology. iLOQ was founded in 2003 and is based in Oulu, Finland.

Buy -
Investor

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 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Stake Purchase M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Saxo Bank

Copenhagen, Denmark

Saxo Bank is a provider of multi-asset electronic trading solutions for retail and institutional investors globally. Saxo Bank was formed in 1992 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 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.

Sell -

Seller(S) 1

SELLER

Norwegian Air Shuttle

Fornebu, Norway

Category Company
Founded 1993
Sector Airlines
Employees6,227
Revenue 35.3B NOK (2024)
DESCRIPTION

Norwegian Air Shuttle is a low-cost airline. Norwegian's fleet consists of around 170 aircraft including Boeing 737-800s, Boeing 737 MAX aircraft and Boeing 787 Dreamliners. Norwegian Air Shuttle was founded in 1993 and is based in Fornebu, Norway.


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: 2019 M&A 1 of 1