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
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.
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 €20–150m 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.
M&A Advisory
We lead sell-side processes and selective buy-side mandates in the €10–150m mid-market. We position the equity story, prepare materials and the dataroom, manage outreach and diligence, maintain competitive tension and negotiate SPA terms to signing and completion.
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.
Who We Are
NICF is the corporate finance arm of the Nordic Innovators group, founded in Denmark in 2013. We advise on valuations, venture and project debt, and mid-market M&A across Europe. Execution first: disciplined preparation, competitive processes and board-ready deliverables. Typical deal size €10–150m; debt facilities €5–150m.
