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 lead sell-side mandates, selective buy-side and carve-outs, underpinned by independent valuations and venture/project debt structuring.
Senior-led, execution-first and discreet, we build the materials, control the process and negotiate terms to deliver clean, on-time transactions across the 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.
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 senior and subordinated venture debt 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. Typical facilities are €5–30m with 24–48-month tenors.
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.
