Nordic Finance Business Partner AB
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Nordic Finance Business Partner AB - overview
Established
2007
Location
Stockholm, -, Sweden
Primary Industry
Financial Services
About
Nordic Finance Business Partner AB specializes in providing financing solutions, primarily through leasing and rental services aimed at small and medium-sized enterprises (SMEs), facilitating asset acquisition without upfront capital. Founded in 2007 and headquartered in Stockholm, Sweden, Nordic Finance Business Partner AB offers tailored financing services. The company has made one documented deal, with the most recent transaction occurring in September 2017 when Verdane Capital Advisors acquired the company. Tony Kirmo, the founder, has a history in finance, although details of previous ventures are not specified.
Nordic Finance provides financing solutions primarily through leasing and rental services tailored for small and medium-sized enterprises (SMEs). Their core offerings include leasing of equipment, machinery, vehicles, and furniture, which allow businesses to invest in necessary assets without committing capital upfront. The leasing agreements are customizable with options for fixed or variable payment plans, providing predictability in costs. Additionally, Nordic Finance offers a security package, ensuring comprehensive protection for leased assets.
Their service caters to a diverse client base, including companies in industries such as construction, renewable energy, transportation, and IT, primarily operating within the Swedish market and potentially expanding into other European markets. In 2022, Nordic Finance reported a revenue of USD 5. 80 mn, with an EBITDA amounting to USD 1. 79 mn for the year 2023.
Looking ahead, Nordic Finance plans to enhance its product offerings and expand its market presence. They are exploring the introduction of new leasing products designed specifically to meet emerging client needs, with a focus on green technologies and sustainable leasing options. The company aims to enter additional European markets by 2025. Recent funding from the acquisition in 2017 by Verdane Capital Advisors will be utilized to support these initiatives, allowing for strategic investments in marketing and operational capabilities.
Current Investors
Verdane
Primary Industry
Financial Services
Sub Industries
Private Equity
Website
www.nordicfinance.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Nordic Finance Business Partner AB - timeline of key events
Nordic Finance Business Partner AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 107,399,613 | 98,531,017 | 22,267,222 | 188,590,231 | 318,749,391 | 604,033,905 | 703,104,742 | 51,117,304 | 46,946,133 | 37,197,163 | 43,333,992 | - | - | - |
| % Revenue Growth (YoY) | - | (8.3%) | (77.4%) | 746.9% | 69.0% | 89.5% | 16.4% | (92.7%) | (8.2%) | (20.8%) | 16.5% | - | - | - |
| EBITDA (USD) | 1,489,282 | 456,462 | (905,857) | 3,635,327 | 7,177,972 | 14,582,478 | 12,794,736 | 3,774,384 | (37,659,751) | 6,738,595 | 42,968,974 | - | - | - |
| Operating Income (USD) | 1,489,282 | 402,555 | (905,857) | 3,635,327 | 7,170,589 | 14,542,197 | 12,736,040 | 2,901,403 | (45,487,264) | (63,419,048) | (24,435,870) | - | - | - |
| Operating Margin | 1.4% | 0.4% | (4.1%) | 1.9% | 2.2% | 2.4% | 1.8% | 5.7% | (96.9%) | (170.5%) | (56.4%) | - | - | - |
| % EBITDA Margin | 1.4% | 0.5% | (4.1%) | 1.9% | 2.3% | 2.4% | 1.8% | 7.4% | (80.2%) | 18.1% | 99.2% | - | - | - |
| NET Income (USD) | 1,149,525 | 1,215,578 | 1,939,230 | 2,927,191 | 5,504,853 | 11,322,521 | 9,723,626 | 2,119,207 | (40,533,858) | (50,419,780) | (19,766,752) | - | - | - |
| % Net Margin | 1.1% | 1.2% | 8.7% | 1.6% | 1.7% | 1.9% | 1.4% | 4.1% | (86.3%) | (135.5%) | (45.6%) | - | - | - |
Nordic Finance Business Partner AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Nordic Finance Business Partner AB | - |
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Nordic Finance Business Partner AB - employee data
Nordic Finance Business Partner AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of The Board | BM |
BM Board Member
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