Growth, project finance, commercial and M&A advisory
NICF is a Nordic M&A boutique advising founders, boards and management on mid-size transactions and commercial expansion in Europe. We specialise in growth & project financing, as well as M&A and commercial advisory.
Execution-first and discreet, we structure and control the process and negotiate terms to deliver clean, on-time transactions across the European region.
Our Expertise
M&A Advisory
Sell-side mandates in the enterprise value range of EUR 20-100m. 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 the 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.
Commercial advisory
Whether it is a Go-To-Market strategy for expansion outside Scandinavia or a Market-Entry plan for companies entering the region, we combine financial acumen with commercial advisory, helping with sales enablement and execution to support the equity story and investor confidence.
Who We Are
NICF is the corporate finance arm of the Nordic Innovators Group, which was founded in Denmark in 2013.
We advise SMEs and large corporates within M&A, project finance, venture debt and commercial enablement.
Execution first: disciplined preparation, competitive processes and board-ready deliverables.
Our mandate includes M&A and project finance transactions ranging between EUR 20-100m, with a specific focus and investor network in Enterprise Software, B2B SaaS and Renewable Energy.
