Growth, project finance and M&A advisory
NICF is a Nordic M&A boutique advising founders, boards and management on mid-size transactions in Europe. We specialise in company valuations, growth & project debt financing, as well as exit readiness and M&A.
Execution-first and discreet, we build the materials, control the process and negotiate terms to deliver clean, on-time transactions across the European region.
Our Expertise
M&A Advisory
Sell-side and selective buy-side mandates in the EUR 5–20m range. We position the equity story, prepare materials and dataroom, run outreach and diligence, maintain competitive tension and negotiate SPA terms. Strategic-partner search is enhanced by access to Nordic Innovators Group’s 17,000+ industry contacts for targeted mapping beyond financial buyers.
Project Finance
We structure and place non-recourse or limited-recourse debt for first-of-a-kind and early commercial assets. We build the project model, allocate risks, run lender cases and coordinate technical and legal workstreams to financial close. Typical facilities are €20–100m with tailored sculpting and covenants. Moreover, we coordinate with EU funding programmes, including the EU Innovation Fund, to complement debt packages with non-repayable support.
Venture Debt
We arrange venture debt from the European Investment Bank and other reputable lenders for revenue-growing, investor-backed companies. We calibrate facility size, tenor and warrant package, prepare lender materials, run a competitive process and negotiate terms to closing.
Valuations
Independent valuations and fairness opinions for transactions, shareholder matters and financing. We build driver-based models and triangulate DCF, trading and transaction multiples to deliver a defensible range and a board-ready report. Standard scopes complete in two to four weeks.
Who We Are
NICF is the corporate finance arm of the Nordic Innovators Group, founded in Denmark in 2013. We advise on mid-size M&A transactions including strategic partnerships and joint ventures, venture and project debt financing as well as valuations. Execution first: disciplined preparation, competitive processes and board-ready deliverables.
Our mandate includes M&A and venture debt transactions in the range of EUR 5-25m with a focus on Enterprise Software, Fintech, Cleantech and Renewable Energy.
Project financing focuses on transactions starting at EUR 20m, primarily targeting energy-related industries like hydrogen, solar, bio-oil, biogas etc.
