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Nordhaven advised Fire Fighting Systems AS (FFS), a global leader within large firefighting systems for both marine and land-based applications. FFS has delivered its in-house developed complete firefighting systems to more than 6,000 vessels globally, reflecting their dominant market position. FFS is on track to generate revenue of ~EURm 50 in 2024 with ~20% EBIT margin.


Established in 2003 to meet the demand for complete firefighting systems that are both revolutionary in performance and cost-effective, FFS quickly emerged as an industry leader. FFS’s commitment to safety and sustainability has made it the undisputed choice for reliable, high performance external firefighting systems across the globe. FFS has designed and delivered the largest ever land-based mobile firefighting system in addition to external firefighting systems on the most powerful and advanced fireboats.

Today FFS operates out of offices in Norway and Singapore and production facilities in Sweden.

“This acquisition marks a significant milestone for FFS and opens new opportunities for growth and innovation. Madison Industries shares our commitment to excellence and customer satisfaction. With their support, we are confident that FFS will continue to thrive and deliver exceptional value to our clients,” said Trond Sørlie, CEO of FFS.

“FFS's dedication to developing efficient, eco-friendly firefighting systems complements our mission to make the world safer, healthier and more productive,” said Kris Howard, Madison Safety President and CEO. “Together, we can leverage innovative solutions to save lives and protect communities around the world.”


About FFS
Fire Fighting Systems is the global leader in the design, engineering, and manufacturing of large firefighting systems – a single-source supplier for both marine and land application. FFS’s extensive product portfolio encompasses pumps with drivers, gearboxes, firewater monitors, foam proportioners, deluge systems, remote control systems, and all the associated equipment necessary for a comprehensive firefighting solution.

About Madison
Madison is one of the largest and most successful privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential.

Nordhaven served as the exclusive financial advisor to Kistefos and Bitpro for the acquisition of Entry AS.

Bitpro, a full-suit IT and digital communication service provider to more than 3.500 customers, strengthens its position in Oslo by acquiring Entry AS. Entry focuses on IT operations, logistics, and development. The company was founded in 2014 and has 25 employees, adding to Bitpro's +70 employees in Kristiansand, Bergen, and Oslo.

"Entry's goals aligns closely with ours and they have consistently demonstrated an ability to establish and develop strong customer relationships in an attractive segment." Trond Bjorvand (Bitpro CEO)

"Together with Bitpro, we gain a much wider range of services and strengthen our position to offer even more comprehensive services to our customers in both the Oslo area and throughout the country." Jens Bergman (Entry CEO)

Together, the two companies achieved revenues exceeding NOK 300m with solid profitability in 2023. The sellers are committed to reinvesting a significant portion of their proceeds into Bitpro, substantiating their confidence in the combined entity's future.

Nordhaven advised Inspirit365, the #1 Microsoft Dynamics partner in Norway, and its shareholders in the majority sale to Standout Capital. Designed as a winning platform in 2021, Inspirit365 has since inception delivered strong revenue growth and best-in-class financial metrics. Moving forward, Standout Capital will act as a strategic partner and support Inspirit365’s next growth journey. The founders will continue to own 40% of the company and remain instrumental in the future growth.

Nordhaven advised Inspirit365, the #1 Microsoft Dynamics partner in Norway, and its shareholders in the majority sale to Standout Capital. Designed as a winning platform in 2021, Inspirit365 has since inception delivered strong revenue growth and best-in-class financial metrics. Moving forward, Standout Capital will act as a strategic partner and support Inspirit365’s next growth journey. The founders will continue to own 40% of the company and remain instrumental in the future growth.

Inspirit365 offers Microsoft Dynamics 365 services to large and medium sized companies and employs more than 100 individuals with expertise within the ERP, CRM, Data Platform and Power Platform services connected to Microsoft Dynamics.

Inspirit365 deliver a broad spectrum of services, including consulting, project management, and technical development, providing comprehensive support for digital transformation. By focusing on client needs and ensuring close collaboration throughout projects, Inspirit365 aims to deliver tailored solutions that drive real business value.

Inspirit365 is a 100% Microsoft focused partner and have been awarded Microsoft Business Application Partner in Norway. Focus on strong culture with high employee retention has been instrumental since inception, this will serve as a strong foundation to further scale the organisation going forward.

As part of the new partnership, Inspirit365 will offer employees the opportunity to invest in the company. Establishing an attractive investment program, with the opportunity to participate in the future value creation, has been one of the key rationales behind this transaction.

Morten Sælemyr, CEO of Inspirit365, comments: “We welcome Standout Capital as a partner to Inspirit365. Inspirit365 has in three years grown from 0 to 100 employees and become the leading Microsoft Dynamics player in Norway. We will continue to build upon what has made Inspirit365 so successful to date. We believe that Standout through its experience in supporting management teams building high-growth, profitable companies combined with experience from ownership in Microsoft focused companies such as Engage and Redeploy make them an excellent partner for Inspirit365 in the years to come. With the additional backing we are now in a position to accelerate our ambitions without compromising on the quality of operations and our cultural values based on transparency, curiosity and loyalty.”

Carl Johan Kask, Standout Capital, comments: “The founders of Inspirit365 have since 2021 built a leading Dynamics player in Norway. We are truly impressed by what they have achieved. Already from the outset, Morten and his team have invested in an organisation that can support rapid profitable growth. The quality and competence of the people, the customer driven growth and expansion of services are all very impressive. Standout has a history of investing in leading players in the Microsoft ecosystem and we are excited and honored to partner with Norway’s leading Microsoft Dynamics partner. We look forward to working together with the company in their continued growth journey and share their ambition in growing the organisation, customer engagements and service offering over time.“

About Inspirit365
Inspirit365 is an agile specialist company that guides clients through demanding digital transformation journeys using Microsoft technology. Inspirit365's professional environment consists of leading experts in the field, boasting the highest proportion of certified employees in the country with interdisciplinary competence ranging from advisors, project managers, and consultants, to developers and technical specialists. The company has over 100 employees and has its headquarters in Oslo, along with offices in Bergen and Stavanger.

About Standout Capital
Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, the mission is to partner with outstanding companies to help them grow and succeed. Standout Capital’s investment strategy is to support the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments, and finance.

Nordhaven advised Møller Mobility Group in the acquisition of three Porsche dealers in Norway

Møller Bil strengthens its position in Norway by entering into an agreement to acquire three Porsche car dealers from Autozentrum Holding. The acquisition marks a significant milestone for Møller Bil and Møller Mobility Group and signals their ambition for significant presence in the sports- and luxury car segment in Norway. In 2022, the total sales were almost 1,600 NOKm for the three dealers.

Møller Bil becomes the owner of Porsche Center Asker & Bærum, Porsche Center Oslo and Porsche Center Gardermoen. These are central positions in Greater Oslo and represent an exciting opportunity for Møller Bil to expand the customer offering in the region. Møller Bil already owns and operates two Porsche dealers in Sweden.

‘We have great faith in Porsche as a brand and the acquisition strengthens our position in Greater Oslo,' says CEO Petter Hellman in Møller Mobility Group. He emphasizes the importance of cooperation and close relationships with the brands in the Volkswagen Group and looks forward to getting started with Porsche also in Norway.

‘This is a very exciting acquisition, and we see great potential in Porsche's brand and model program, which has a very special position in Norway. We are impressed by what today's owners have achieved together with the dealers and look forward to being part of the journey ahead. Møller Bil will build on the good work that has been done, while at the same time adding expertise where we are complementary,' says CEO Håvard Andersen in Møller Bil, adding: 'This gives us the opportunity to explore new target groups and further develop the business in a new segment - and not least contribute to creating more fantastic experiences for new and existing customers.’

From Porsche Norway's perspective, they look forward to cooperating with Møller Bil and Møller Mobility Group and benefiting from their large and professional organization. 'We look forward to continuing the dialogue with Møller Bil and Møller Mobility Group in the time to come, and we are positive about the opportunities we will now go on to discuss together with Møller and our well-established dealer network,' says Michael Hiller, CEO of Porsche Norway.

About Møller Mobility Group (MMG)

MMG is a family-owned group involved in the import, sale, servicing and financing of Volkswagen, Audi, ŠKODA and SEAT cars. The company is represented in Norway, Sweden and the Baltic States. Through the Hyre company, the Group is represented in a leading-edge environment that is actively working to shape the sustainable mobility solutions of the future. The company was founded by Harald Aars Møller in 1936. In 2022, the sales were 39.2 NOKb, the result was 2.649 NOKb before tax. MMG has approximately 4,100 employees.

Nordhaven advised Millum, the Norwegian Procure-to-Pay software provider for the hospitality sector, and its shareholders in the majority sale to Main. This strategic move marks Main's first stand-alone platform investment into the Norwegian market.

Moving forward, Main will act as a strategic partner to the management team, supporting Millum in its growth journey. By pursuing a selective buy-and-build strategy and by adding complementary solutions to fuel cross-selling, Millum has strong potential to further internationalize.

Millum, founded in 2002 in Norway by CEO Bjørn Anskau, business developer Knut Øksby, and CFO Roberto Padin, has emerged as a frontrunner in the procurement technology domain. The company’s SaaS-based “Procure-to-Pay” platform caters to hotels, restaurants and canteens, streamlining processes, simplifying the flow of information and enhancing trade efficiency. Millum currently serves more than 95% of the suppliers and more than 90 purchasers within the hospitality sector across the Nordics, including renowned clients, such as Strawberry Hotels, Scandic Hotels, and Coor Service Management.

Millum has built an attractive modular product portfolio which is well positioned for further growth and international expansion. The company, active in the procurement market, will be able to benefit from Main’s expertise, gained through previous investments in the procurement and broader supply chain management sector. Millum has a strong presence in Norway, with a growing presence in Sweden and Denmark, positioning it as a leading player in the Nordic market. With Main’s international growth support, Millum is poised to explore adjacent verticals and to continue growing internationally across the Nordics and Europe. Main will also support the company in a selective buy-and-build strategy to internationalize and strengthen the product offering with new solutions to establish a comprehensive one stop shop offering.

Bjørn Anskau, CEO of Millum, mentioned: “As we join forces with Main, we are excited about the possibilities that lie ahead for Millum. This partnership not only signifies our shared commitment to excellence but also accelerates our mission to revolutionize procurement processes in the Nordic region and beyond.” The collaboration between Main and Millum is poised to unlock new opportunities for international expansion, leveraging Millum’s robust platform and Main’s expertise in supporting companies on their global growth journeys.

“Millum’s market-leading position in Norway, coupled with its proven international scalability, aligns seamlessly with Main’s vision for strategic investments,” stated Wessel Ploegmakers, Partner & Head of Nordics at Main Capital Partners. “We see tremendous potential in Millum’s product portfolio and look forward to accelerating its growth trajectory by exploring new markets and expanding its international footprint.”

About Millum
Millum AS was founded in 2002 by Knut Øksby, Bjørn Anskau and Roberto Padin as main founders (together with two main investors) in Norway and is based at Fornebu, outside Oslo. Millum is a software company providing the preferred procurement system for hotels, restaurants and staff restaurants in the Nordics. The solution simplifies the procurement process for actors in the food service industry. Millum has 35 employees in total and operate across the Nordics. The total trading volume through Millum’s solution was NOK 11 billion in 2023.

About Main
Main Capital Partners is a leading software investor in the DACH, Benelux, the Nordics, and the United States. Main has 20 years of experience in strengthening software companies and works closely with the management teams in its portfolio as a strategic partner to achieve sustainable growth and larger outstanding software groups. As a leading software investor managing private equity funds active in Northwestern Europe and North America, Main has 70 employees operating out of its offices in The Hague, Düsseldorf, Stockholm, Antwerp, and an affiliated office in Boston. Main has over EUR 2.2 billion assets under management and maintains an active portfolio of over 40 software groups. The underlying portfolio employs over 12,000 employees.

Nordhaven advised Teleplan Globe AS in the acquisition of the UK based positioning, navigation, and timing specialist Forsberg Services Ltd.

Forsberg is a supplier of precision technologies dedicated to positioning, navigation, and timing, serving both defence and civilian applications. With over 35 years of experience, the company has cultivated a substantial customer base in the UK and globally. The acquisition will further strengthen Teleplan Globe’s leading capabilities within areas such as operational decision support systems, control and integration of unmanned systems in addition to mission critical solutions extracting highly accurate position data.

The acquisition builds on a well-established and successful cooperation between Teleplan Globe and Forsberg. This has led to significant contracts for the joint solution #MANTIS optimizing the core technologies of both companies and putting the need of the end users at the forefront.

Jan Nyegaarden, CEO of Teleplan Globe comments:

«Teleplan Globe is excited to welcome Forsberg into our global family, and we are looking forward to a prosperous future together. We remain steadfast in our promise to deliver innovative solutions providing exceptional value to our customers and strategic partners».

Chris Mayne, Managing Director of Forsberg Comments:

«As the Managing Director and a long-standing member of Forsberg’s team, I am thrilled to announce this exciting milestone in our company’s history. It was of critical importance that any interested party in Forsberg aligned with our core values, and we have cultivated a close and strategic partnership with Teleplan Globe, resulting in the creation of truly innovative solutions. From everybody at Forsberg, I’d like to take the opportunity to thank our founder, Charles Forsberg, for his endeavour and leadership in building this great business. I know that he is excited for our future, and we all wish him well».

About Teleplan Globe:

Teleplan Globe AS is a 100% subsidiary of the Teleplan Group which was established in 1959 and has operated under the same private ownership for more than six decades. Teleplan Globe provides mission critical software and system solutions for decision makers that protect people, assets, and institutions. The company has approximately 140 employees, including more than 100 software engineers, designers and developers. The company is headquartered at Lysaker, Norway.

Teleplan Globe deliver products in support of command and control, intelligence, mapping and radio planning operations. The products represent strategic and vital tools for the company’s customers. Norwegian and international defence clients dominate the customer base. However, Teleplan Globe also experience significant growth in other customer segments demanding solutions stemming from the company’s core competence and experience. Police and emergency responders, as well as field workers in utility companies, are examples of users that face similar challenges related to situational awareness, communication, sharing, and protection of data.

About Forsberg:

Forsberg Services Ltd. is a leading provider of technology solutions for Positioning, Navigation, and Timing (PNT) applications, has established itself as a trusted partner for organizations across diverse industries since its inception in 1987. Headquartered in Heysham, UK, Forsberg is renowned for its depth of PNT knowledge, engineering expertise, and unwavering commitment to meeting customer requirements.

The company’s comprehensive product portfolio encompasses Global Navigation Satellite Systems (GNSS) and antennas, inertial navigation systems, anti-jam capabilities, situational awareness software, and GNSS networking solutions. Forsberg’s technology ensures accurate positioning and navigation in challenging environments, protects critical operations from interference, enhances decision-making through real-time data visualization, and enables seamless integration of PNT systems for optimal performance and reliability. Beyond providing cutting-edge technology, Forsberg offers bespoke engineering services to meticulously tailor its products to specific application requirements and environmental conditions.

Nordhaven advised Broviken and its portfolio company, Intellic Group AB, in the acquisition of the Swedish CRM specialist Releye AB.

Intellic Group, majority-owned by Broviken, is expanding its customer offerings through a new partnership with the rapidly growing CRM company Releye AB. Releye is now a part of Intellic Group, and will enhance the group's strategic and technical offerings in CRM, business strategy, and marketing automation. The partnership is a significant step in Intellic Group's goal of becoming a leading player in Analytics, CRM, and strategic consulting.

Stockholm based Releye has a strong market position in Sweden after more than 20 years of CRM specialist advisory services. The company has a successful partnership with two of the globally leading CRM platforms, Microsoft Dynamics and Salesforce. The majority of their clients are within banking, finance, and insurance. Through this acquisition, Releye becomes a stronger holistic partner for its customers. In addition to Releye, Intellic group already includes the companies Attollo and Omeo. Attollo is a leading player in Analytics, and Omeo is a niche consulting firm within the financial sector.

Jonas Boström, CEO of Intellic Group, comments:
"We are very excited about Releye becoming a part of Intellic Group's journey. We now have entirely new opportunities to offer our customers a broader and more comprehensive range of services, and hopefully, we will become an even more interesting employer. I see incredible potential in our combined expertise and look forward to working together."

Charlotte Magne, CEO of Releye, comments:
"It feels fantastic to become a part of Intellic Group! Together, we become a larger and more interesting player for our customers and partners, especially in the field of customer intelligence. We see continued high demand from our customers driven by the need for digitalization and look forward to continuing our growth journey together with Intellic Group."

The terms of the transaction are not disclosed.

About Broviken:
Broviken invests in service companies run by strong entrepreneurs and management teams. Broviken's partners themselves have many years of experience from developing service companies in roles such as leaders, owners and board members. Broviken is a long-term owner and invests without a specified time horizon. Broviken's focus is to develop companies and contribute to already good companies becoming even better and reaching their full potential.

Nordhaven advised Sonat, a Norwegian IT services group, in the majority sale to VIA equity

The existing shareholders of Sonat have decided to further accelerate the growth of Sonat, with VIA equity joining as the new majority shareholder. As part of the transaction all existing shareholders will reinvest in a large minority stake alongside VIA equity.

Founded in 2012, Sonat offers IT consulting and digital design services through the brands Sonat Consulting, These Ways and FIGMENT. Sonat Consulting offers traditional IT consulting services such as system architecture, front-end and back-end development, machine learning and data science, whereas These Ways is the Group’s digital strategy and design studio. Lastly, Sonat FIGMENT is the Group’s new initiative within the low code/no code vertical. The three companies leverage each other’s expertise and operate as one Group.

Through the years, Sonat has built a strong corporate culture centered around senior digitalization and design specialists. The Group is interacting with blue chip clients in critical digitalization projects from design phase all the way to implementation. The journey has been built organically since inception, with the Group being owned by its employees. Now, the owners of Sonat are looking forward to the next phase of growth together with VIA equity.

Together, VIA and Sonat plan to create a broader presence in Norway through both organic and in-organic growth initiatives. This includes, but is not limited to, opening of new offices across Norway, introducing new service verticals in key digitalization areas and seeking opportunities for M&A with similar IT consultancies with senior expertise.

“We are very impressed by Sonat’s journey and proud to have been chosen by Jonny Klemetsen and all the amazing people of Sonat to become their future partner for continued growth.”, says Daniel Hallberg, Investment Responsible at VIA equity.

“We are very excited about our new partnership with VIA equity. VIA has really proven to understand our business model and the fundamental driving forces underpinning a successful IT consulting firm. In this new constellation we can continue to build on the strong DNA of Sonat and its people and have a strong sparring partner to further accelerate growth and develop our platform.”, says Jonny Klemetsen, Co-founder and CEO of Sonat.

About Sonat
Sonat is an IT consulting and design services firm with ca. 110 FTEs headquartered in Bergen, Norway with an additional office in Oslo. Through the companies Sonat Consulting, These Ways and FIGMENT, the group offers services within Cloud back-end architecture, AR/VR front-end visualization, Data science, Machine learning, Innovation design as well as Low code/No code. Sonat has built a strong corporate DNA centered around senior specialists in digitalization and design.

About VIA equity
VIA equity is a leading Northern European private equity firm with a successful history of building and transforming companies into leading national and international players. VIA equity A/S manages four funds, where the most recent one alone has EUR 175m in committed capital from established international investors. VIA equity invests in successful companies within software and IT-services.

Nordhaven advised Sikri Group ASA (Sikri Group), and its fully owned subsidiary Metria AB, in the divestment of Metria AB’s Planning and Surveying (P&S) business area in Sweden to Sweco Sverige AB. The divestment will sharpen Sikri Group’s focus on its core business, software and software related services.

P&S comprises a leading consultancy business related to urban and community planning, aerial photography and laser scanning as well as surveying services related to the entire construction value chain. The unit had 110 employees at the end of 2022, and 2022 revenue of SEK 138 million.

“We see strong demand for data driven solutions that simplify and streamline processes for the public sector and the real estate industry. Sikri Group is well positioned as a leading Nordic software provider in these sectors and following the divestment of P&S, we will sharpen focus even further on our core business, which is software and services directly related to our software offering,” said CEO of Sikri Group Nicolay Moulin.

Sikri Group gained a strong footprint in the Swedish market through the acquisition of the Swedish software and geoinformation company Metria in April 2022. Following the divestment of P&S, Metria will be fully focused on geodata, property and real estate data, software and services. Key customers are Swedish government agencies, municipalities, finance institutions, telcos, and energy companies. Excluding the P&S business area, Metria’s annual recurring revenue (ARR) was SEK 113 million at the end of 2022.

“We are strengthening our focus on being the market leader in digital data and analysis services within GIS, geodata, business and real estate information. Meanwhile, Metria’s planning and surveying operations become part of Sweco, which brings new opportunities for the business' customers and employees,” said CEO of Sikri Group Nicolay Moulin.

The transaction will be consummated as a carve-out of the P&S business from Metria. Closing of the transaction is subject to certain third party approvals being obtained and that the P&S business is being separation ready as agreed between the parties and is expected to take place 2 May 2023.

Nordhaven advised Kistefos-backed 1881 Group on the acquisition of Hjemmesidehuset

1881 Group provides efficient and user-friendly digital services within information, visibility, websites and marketing in the Norwegian market. The 1881 group company Idium, a leading provider of web sites to businesses has now strengthened its position in Norway through the acquisition of Hjemmesidehuset AS.

The most important job of the companies in the 1881 Group is to provide information and assistance to people and companies in Norway. Hjemmesidehuset is a very well run company with brilliant employees, which fits perfectly with what we already do. This transaction will broaden and strengthen the offer to our customers, and substantiate our position as the largest supplier of websites to companies, now with more than 5,000 websites - Asgeir Ohr, CEO 1881 Group

Hjemmesidehuset has through its own developed software specialized on delivering modern and innovative websites to the SME market in Norway. Currently the company has 18 employees and supplies more than 2,500 websites.

We have had strong growth in recent years. Having 1881 Group on the team increases our strength and provides many new possibilities. Now we become part of a larger, digital and highly innovative environment. We look forward to further develop our business together. - Michael Vike, CEO Hjemmesidehuset

About 1881 Group:
1881 Group AS consist of Digitale Medier 1881 AS, Opplysningen 1881 AS, Idium 1881 AS, Tjenestetorget AS, Tjenestetorget Finans AS, Tjenestetorvet DK, Anbudstorget AS and now Hjemmesidehuset AS. The group mainly operates in Norway in addition to Denmark. 1881 Group AS generated revenue of NOKm ~400, with an EBIT of NOKm ~100 in 2021. The total user base on the groups digital platforms amounts to 1.8 million, per week.

1881 Group is owned by Kistefos AS.

About Hjemmesidehuset:
Hjemmesidehuset AS is a specialized provider of websites to SME's in Norway. The company has supplied websites to more than 2,500 companies, which makes them a substantial player within their niche. Hjemmesidehuset forecasts revenue of NOKm ~18 in 2022.

Söderberg & Partners and Fram Insurance Brokers have joined forces in creating a new
European marine alliance. The ambition is to become a leading European player within Marine Insurance broking. In addition, Söderberg & Partners acquired 80% of the shares in Fram Forsikringsmegling, a subsidiary of Fram Insurance Brokers, based in Kristiansand brokering non-marine insurance.

Fram Insurance Brokers was founded in 2005 and operates as the largest independent marine insurance broker in the Norwegian market. Fram is offering a broad range of marine insurance products, providing risk advisory and broking services to marine companies worldwide.

"I believe that joining forces with Söderberg & Partners will further strengthen the ability to deliver service and innovative solutions to our clients. We look at Söderberg & Partners as a fast forward moving and decision-oriented company, with an open and fair business approach, all qualities which we at Fram find important to keep pace in a dynamic and ever-changing environment." - Per Esten Gjølmesli, CEO at Fram Insurance Brokers.

Söderberg & Partners was founded in Sweden in 2004 and is today a leading provider of wealth management and corporate insurance services in the Nordic region and the Netherlands. The company has over 3 300 employees across more than 144 offices in Sweden, Norway, Denmark, Finland, the Netherlands, Luxemburg and Spain.

"I am excited to finally be present within the marine segment. We have followed this market for a long time, and now we have found the right partner for an alliance. We believe that this cooperation will enable the partners to enhance their existing operations, create new revenue streams, benefit from economies of scale and ensure continuity for our customers." - Jørn Gisvold, CEO in Söderberg & Partners Norway and Head of Non-Life at Söderberg & Partners Group.

The transaction in the subsidiary Fram Forsikringsmegling will increase Söderberg & Partners' regional presence in Kristiansand.

"We want to be present where the customer is, which now includes Southern Norway. This is a strategically important region which we want to develop further." - Jan Kjetil Hvamstad, CCO in Söderberg & Partners.

"We are looking forward to being a part of Söderberg & Partners. This partnership will enable greater value for our customers through a broader service offering, increased purchasing power, and more effective solutions. Together we will invest significantly in the region with new employees and additional offices over time." - Bjørn Erling Stensland, CEO of Fram Forsikringsmegling.

Stedi, backed by Salvesen & Thams (S&T) have entered an agreement to acquire 70% of Nortrafo. Existing owners will continue in Nortrafo and own 30%.

Nortrafo, with traditions back to the 1950’s is the largest independent producer of distribution transformers in the Norwegian market. The company’s production facility is located in Steinkjer with a capacity to produce 2,500+ transformers annually to Norwegian grid operators, industrials, contractors and retailers/distributors across Norway.

“Today's owners have had a desire to find an industrial partner with expertise and strength, in order to participate in Nortrafo's further growth. We are therefore very pleased that we are now bringing in a long-term local investor, with an industrial background and expertise”, says CEO in Nortrafo Rune Evjen.

S&T is a regional investment company with headquarter in Orkanger and manages over NOK 2.5 billion, mainly invested in companies located in central Norway with strong domestic and international position. Stedi, a newly established fund, aim to contribute to develop competitive medium-sized companies in the Central Norwegian region with focus on industry and technology. Nortrafo is the fund's first investment.

“Nortrafo is a well-run company founded on solid industrial expertise that has been built over many decades related to the development and production of distribution transformers at Steinkjer. The company delivers to an industry in rapid change and growth, and we will support the company to also in the future continue to supply competitive products and services that meets customers’ demand and expectation” says Ole Petter Bjartnes, CEO of Stedi.

Neptune Software is a global leading low-code platform with 3.5 million end-users. The platform is used by customers such as Vodafone, Johnson & Johnson and Hitachi.

Founded in Norway in 2011, Neptune offers a best-in-class SaaS solution to industrialise the development of custom business applications, saving customers time and money on development, integration and operations.

“Neptune Software has an attractive SaaS business in a segment that has significant growth potential. LCNC platforms could cover some 75 percent of newly developed business applications by 2025, and the fundamental scarcity of IT-talent and need for efficiencies within organisations make LCNC platforms essential going forward. With this investment we aim to back the company´s further commercial development while also expanding its presence in key geographies”, says Per Frankling, Investment Advisory Professional at Triton and member of the TSM II Investment Advisory committee.

Neptune Software today employs about 100 full-time employees across offices in Norway, Germany, the UK, and the USA, and has partners in 40 countries globally.

“Co-operating with an international investor such as Triton enables us to further develop our global business ambitions and scale important parts of our commercial organization while continuing to service our current clients with the existing product range. Furthermore, Triton's deep experience from sectors which are also at the core for us will benefit our future client offering.” says Andreas Grydeland Sulejewski, Co-founder and CEO at Neptune Software.

About Neptune Software
Neptune Software is a rapid application development platform vendor with more than 650 enterprise customers and over 3.5 million licensed end users globally that empowers IT departments to deliver tangible business outcomes. With its Neptune DXP, Neptune Software offers a leading low-code, SAP-centric, enterprise app development platform to digitize and optimize business processes and user interfaces – at scale and with ease.

Neptune DXP provides a fast and cost-effective way to industrialize the development of custom applications – saving companies time and money on development, integration, and operations. More information www.neptune-software.com

About Triton
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer and healthcare sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvement and growth.

The 49 companies currently in Triton's portfolio have combined sales of around EUR 18 billion and employ around 104,000 employees. Triton has raised EUR 15.6 billion from 180≈ investors, including public and private pension funds, endowments and sovereign wealth funds.

Sogelink joins forces with Focus Software to strengthen its position as a European Construction Technology leader, with the support of Keensight Capital.

Sogelink, a leading provider of software solutions for infrastructure, construction, and property management professionals, acquired Focus Software, a Norwegian leader in Building Information Modelling (BIM) software, to continue reinforcing its leading pan-European construction technology offer.

Established in 1996 and headquartered in Billingstad, near Oslo (Norway), Focus Software is a market leading Building Information Modelling software company. It provides its software solutions to a wide array of clients and over 16,000 users, ranging from private companies (home builders, architects, landscape architects) and engineering consultants in the infrastructure and building sector, to public authorities.

Focus Software is composed of around 50 highly skilled professionals that have developed and integrated various early stages construction design solutions throughout the years. These include software solutions such as applications and cloud-based collaborative tools for such tasks as presenting digital plan data with the authorized and correct geometry, and for preparing land acquisition drawings, tender specifications on graded networks, or building specifications according to specific regulations or frameworks. Since its inception 25 years ago by six co-founders, Focus has grown significantly through strong organic growth. Its customer base is well-developed in the Nordic region, notably in Norway and Sweden.

Fatima Berral, CEO of Sogelink, commented: “Focus Software was a natural fit to complete Sogelink’s offer on the project design segment, which intervenes upstream in the value chain. Together, we share a common client culture oriented towards public authorities, construction companies, architects and civil engineers that will help us develop the Group’s presence in the Nordics. Gaining access to this new geography will allow Sogelink to enter a very dynamic and innovative construction market and to reinforce itself in the engineering & BIM software segment.”

Pål Eskerud, Chief Executive Officer at Focus, added: “We are very proud to integrate the Sogelink Group in which we have found a solid and trusted partner to keep on developing our presence throughout Europe. We believe they are the best fit for us at Focus Software, and we are looking forward to working together and sharing our knowledge to further shape the future of construction technology.”

Jean-Michel Beghin, Managing Partner, & Arjan Hannink, Partner at Keensight Capital, continued: “With this second acquisition, along with the acquisition of LOCATIQS Group, Sogelink is growing at a fast pace to consolidate its position as a real European leader in construction technology. Keensight Capital is proud to have contributed once again to this acquisition process and will continue to support the Group in its future development endeavors."

Convert and Pearl Group have entered into an agreement to form a new e-commerce powerhouse. Combined, Convert and Pearl Group will build a leading e-commerce company combining best-in-class customer journey and technology to ensure customers’ need. The new entity will be named PearlConvert.

PearlConvert will have 110 employees in Oslo, Riga and Gdansk. Pearl Group will after the acquisition have 330 employees in Norway, Sweden, Finland, Latvia, Poland, Ukraine, and Singapore.

“Convert is a company that has proven a lot, to where they have now emerged as a leading player within e-commerce in Norway and delivered a large number of e-commerce solutions to reputable companies such as Bohus, Eplehuset and Bjørklund. However, the most important factor for us at Pearl is the competence and culture we met there. The focus on how we can create value for customers, and a strong culture of innovation and development was an important reason why we found each other", says Geir Thoresen, CEO of Pearl Group.

"I cannot imagine a better partner for Convert than Pearl Group. Together we will offer our customers unique solutions and competitive terms from a professional environment that is stronger than ever. Our employees will have new development opportunities and exciting new challenges", says Torkel Johannessen, CEO of Convert.

Convert is one of the largest agencies within digital commerce in Norway, with over 75 employees. The company delivers market-leading technology and focuses on long-term customer relationships and value creation for its customers. This has resulted in strong and steady growth since its inception in 2015, with a number of widely respected companies on the customer list.

Pearl Group has developed e-commerce solutions for many of the region's most well-known companies. The solutions include sophisticated "click and retrieve" features that were already experiencing strong growth that further intensified during the corona pandemic. The company sees a large and continuously growing market for its services in the Nordic region and has medium-sized and large companies with advanced IT needs as its main target group.

"Pearl Group will grow to a turnover of 1.5 billion NOK by 2026. PearlConvert will be an important part of this development", concludes Geir Thoresen.

The Pure Water Company is a supplier of water purifier systems for Office & Horeca in Norway and UK, with recent expansion into Sweden and Denmark. The Pure Water Company offers a unique solution for customers who recognize the benefits of having a fully integrated water system built into their building’s infrastructure, providing purified water to multiple dispense points through a single, secure unit.

The acquisition of the business expands Waterlogic’s reach and foothold in the Nordic market and will provide an excellent opportunity to introduce and offer an even wider range of hydration solutions

Mattias Källemyr, CEO Waterlogic Nordic, says, “We are continuing our growth in the Nordic region and can now offer additional solutions that are already trusted and well-recognised in the market. This is strategically important for us as a company, but also provides greater choices for our customers.”

Carsten Albæk, CEO / Head of Sales of The Pure Water Company, says, "We are very excited to join Waterlogic and together we become a unique alternative for customers in all segments. The bespoke water solutions that Pure Water provides will add the last piece of the puzzle to Waterlogic’s ability to offer a complete range of water solutions.”

About The Pure Water Company:
Since its inception in 1997, The Pure Water Company has provided water purification systems to a wide range of customers, from start-ups and large enterprises to restaurants and hotels in Norway, Denmark, Sweden and the UK. Pure Water provides water purifier systems through both traditional under-the-counter solutions and also water purifier systems that are fully integrated into a building’s infrastructure.

About Waterlogic:
Waterlogic is a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers. Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor.

Techstep Norway AS and Techstep Sweden AB (fully owned subsidiaries of Techstep ASA) have entered into an agreement to divest their Voice & Contact Center business units in Norway to Zisson AS, and in Sweden to Soluno Communications AB, respectively.

The Transaction is structured as an asset purchase with customary closing conditions, including the parties entering into transitional service agreements from the time of closing.

The transaction marks the fourth M&A transaction where Nordhaven has advised Techstep.

About Techstep ASA
Techstep is purpose-built to become a leading Managed Mobility Services provider. Techstep provides a complete Managed Mobility Services-offering that presents enterprises and their employees with access to efficient, secure, and value-creating mobile work solutions – wherever and whenever they choose to work. Customer benefits include reduced IT complexity and costs, improved employee capabilities and engagement, as well as increased productivity and sustainability. Techstep has more than 350 employees based in Norway, Sweden, Denmark and Poland, serving more than 2,000 customers across different industries and sectors.

1881 Group AS, backed by Kistefos, has signed an agreement to acquire Tjenestetorget AS with affiliates from ABBH AS. Tjenestetorget offers digital pricing comparison services towards customers and generates leads to companies in Norway and Denmark. The transaction strengthens 1881 Group’s position and strategy as the leading provider of directory services via internet. In 2021, Tjenestetorget is estimated to have a turnover of NOK ~110m.

The transaction marks another acquisition where Nordhaven has advised 1881 Group and Kistefos.

About 1881 Group
Norway's leading provider of personal and corporate information (phone numbers, addresses, real estate prices, company financials, etc) – both digital and traditional. Used weekly by more than 1.5-2.0 million Norwegians. Fully owned by the private investment company Kistefos. Revenue 2020 of NOK ~400m and EBITDA of NOK ~95m.

About Tjenestetorget
Tjenestetorget was founded in Norway in 2004 and consists of Tjenestetorget, Anbudstorget, Tjenestetorget Finans and Tjenestetorvet (Denmark). Tjenestetorget delivers leads comparisons on products and services. Since 2004, Tjenestetorget has supported more than 1 million users across Norway and Denmark, collaborating with 500+ suppliers.

Moment offers a tool for project management, time management, time log, resource planning, quality assurance, and invoicing. It has enjoyed a yearly growth of 50 percent for five consecutive years, and is expected to continue this trend going forward.

“We search for Nordic B2B software companies with potential to become global leaders in their niche, and we’re happy to have found Moment,” says Erik Syrén, partner at Monterro and future Chairman of the board of Moment. “We have a strong belief in the product and the people, and we look forward to working closely to develop the company.”

“Monterro stood out from the rest of the investors”, says Eivind Bøhn, CEO of Moment. “They don’t just offer their capital, but also their expertise. Monterro has extensive knowledge of the software industry — and adds valuable competence. We feel confident in our choice and that our partnership will push us forward and support our growth.”

Moment is well established, with loyal customers in the domestic market and in Iceland as well as in 15 other countries. Its clients include architecture firms, engineers and creative agencies, IT and consultancy businesses, and accounting firms. Moment plans to expand and grow outside Norway.

"Until now, Moment’s good reputation has given us a solid growth in Norway. Our ambition is to be the Nordic leader within a couple of years. We will grow organically or through add-on acquisitions. We’re now establishing a sales organization in Stockholm, and will build an extensive customer base in the Nordics. We’re already seeing the benefits of partnering with Monterro,” says Eivind Bøhn.

Since its founding ten years ago, Moment has focused on building a solution to its customers’ problems. Moment streamlines customers' operations by adding time and focus to core business and delivery items.

Eivind Bøhn continues: “By working closely with our customers, we’ve developed a product that simplifies our customers’ jobs. Our technology integrates with more than 50 systems, allowing users to move seamlessly between them. I’m proud of the good partnership and close co-operation we have with our customers — all of whom appreciate Moment.”

About Moment
Moment develops and offers a market leading software solution that enables users to get control of their projects and resources. Project management, time management, quality assurance, resource planning and invoicing exist in one, easy-to-use system. We let the data flow between the systems of choice and eliminate manual routines. Moment can be integrated with more than 50 systems, and the company works closely together with its customers to get an understanding of their needs and to improve the functionality. Moment’s vision is to be the preferred project management system in the world.

About Monterro
Monterro is a B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders and global players within their niches. The team has successfully developed and led companies such as Pointsec, Episerver, Orc Software, Palette, and Lime – and they bring this operational experience to the Monterro portfolio, supporting the companies in all aspects of growth.

Nordhaven advised Tuska Festival and its shareholders in the sale of the company to Providence Equity backed Superstruct Entertainment. Tuska Festival is one of the leading urban open air metal festivals in Europe. Through the transaction, Nordhaven strengthens its position as the leading financial advisor in entertainment related M&A in the Nordic region. Nordhaven has provided sell-side advisory to Flow Festival in Finland as well as Øyafestivalen and Palmeus Festival in Norway.

During its 20 years of history Tuska Festival has developed into a strong brand with high international awareness within the metal genre. Through true commitment and differentiated offering to the metal genre fans, Tuska Festival has created a unique, large and loyal fan base both in Finland and abroad – annually the festival has more than 50.000 visits and around 50% of the visitors have visited the festival 4x or more times.

Superstruct Entertainment is the owner of a large portfolio of live music festivals across genres and geographies including Flow Festival and Tuska Festival in Finland. The company is backed by private equity firm Providence Equity Partners, which has $45 billion in assets under management.