Investment Summary

Nordstjernan Invests In Norva24

On January 1, 2022, family office Nordstjernan invested in business services company Norva24

Investment Highlights
  • This is Nordstjernan’s 2nd transaction in the Business Services sector.
  • This is Nordstjernan’s 2nd transaction in Norway.
Investment Fate
  • Norva24 was sold to a consortium of financial buyers in 2025 for 6.6B SEK.

Investment Summary

Date 2022-01-01
Target Norva24
Sector Business Services
Investor(s) Nordstjernan
Deal Type Stake Purchase

Target

Norva24

Stryn, Norway
Norva24 is a sludge suction and related service provider formed through the merger of a number of complementary regional companies but with a similar service offering and a shared strategic vision of consolidating, professionalizing, and developing the sludge suction industry. Norva24 was formed in 1919 and is based in Stryn, Norway.

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Investor(S) 1

Investor

Nordstjernan

Investor Investor Investor Investor Investor


Category Family Office
Founded 1890
PE ASSETS 23.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Nordstjernan is a family-backed private investment firm focused on long-term investments and acquisitions of companies throughout Sweden. The Firm looks to commit SEK 500 million to SEK 3 billion in situations where ownership is looking for a new partner to help with organic growth, acquisitions, or other strategic changes. Areas of investment interest include industrial, trade, healthcare, construction, real estate, and technology. Nordstjernan was established in 1890 and is based in Stockholm.


DEAL STATS #
Overall 24 of 27
Sector: Business Services M&A 2 of 2
Type: Stake Purchase M&A Deals 10 of 10
Country: Norway M&A 2 of 2
Year: 2022 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 Insurello

Stockholm, Sweden

Insurello is a provider of insurance services. Insurello was founded in 2016 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Ascilion

Kista, Sweden

Ascilion is a medical technology company. The company has developed and patented a technology that, with the help of hollow microneedles, can extract the interstitial fluid (ISF) that is found between the body's cells and that is a good carrier of biomarkers. Ascilion was founded in 2012 and is based in Kista, Sweden.

Buy -