Financial Services

Omniveta will assume the name CapitalBox moving forward, and the team will be integrated into CapitalBox’s Danish division. This acquisition will add invoice purchasing to CapitalBox’s offering for SMEs in Denmark and an opportunity to extend the product across all the markets that CapitalBox currently serves. “We are delighted that Omniveta will be part of Multitude going forward. With the acquisition of Omniveta, we are not only strengthening CapitalBox’s position in the European market, we are also reaffirming our ambition to become the leading provider of non-bank loans in Europe,” says Jorma Jokela, CEO of Multitude. “Omniveta is the perfect add-on to our existing product offering. By combining CapitalBox and Omniveta, we are consistently expanding our business model and our added value. We will be able to make Omniveta’s expertise available not only in the Danish market, but to all our customers across Europe,” says Lasse Mäkelä, Chief Strategy and IR Officer of Multitude.

RiskPoint gr oup was founded in 2007 and has since then enjoyed successful and profitable growth in Europe and the U.S., focusing on providing leading underwriting, claims and operational capabilities. RiskPoint Group has built a unique global team of over 150 employee s with a strong commercial mindset and best in class service. The ability to enable the execution of strategic long – term goals while retaining the Group’s independence and partnership – controlled business model, was paramount to RiskPoint when finding the r ight investor. Likewise, the alignment of values and culture between RiskPoint and Nordic Capital were key drivers in the decision – making process.

Gjensidige Forsikring ASA is a Norwegian insurance company listed on the Oslo Stock Exchange with 3,800 employees and operating income of NOK 30 billion in 2021.

AnaCap Financial Partners is a leading specialist mid – market private equity investor in technology enabled financial services and based in London.

The owners of Nordic I&P are also in the process of acquiring Norli Pension Livsforsikring A/S, a Danish pension company specialising in handling traditional, average – rate pension agreements. To date, Norli Pension Livsforsik ring A/S has not sold new pension schemes. Based on Alm. Brand Liv og Pension’s market position and experience in selling average – rate pension products, the buyer will in future pursue a strategy which, in addition to consolidating portfolios, will also co ver new sales of the traditional pension product. At 31 December 2020, Norli Pension Livsforsikring A/S had total pension assets of DKK 4.5 billion, and the company reported a pre – tax profit of DKK 22 million for 2020.

SundhedsGruppen, provides health insurance and claims management services to clients’ employees and has built a market-leading technological infrastructure that also white labels to other providers in adjunct insurance areas. The Company has a unique partnership arrangement with medical clinics throughout Denmark that allows for best-in-class provision of healthcare services to its customers’ employees, with a clear focus on specialist support and local availability. SundhedsGruppen’s proprietary technological platform facilitates accurate identification of optimal healthcare access as well as reporting, feedback and claims management respectively. AnaCap will now look to leverage its deep insurance sector understanding and expertise in improving both technological and digital infrastructure to support enhancements in the customer experience as well as drive growth in new and existing markets. The business currently provides insurance cover for approximately 250,000 individuals in Denmark, through a client list comprising several of the Nordics’ largest blue-chip companies, having grown from a founder-backed start-up in 2012. Driven by unique market positioning, the Company generated a c.70% CAGR in premiums during the period 2012-2018 vs. a 5% market norm. AnaCap will also deploy its expertise in the insurance sector to support management’s ambition to grow market share internationally, into the Nordics and wider geographical markets, as well as through additional insurance market channels. The growth of the business will be through organic expansion models as well as identifying attractive bolt-on acquisition opportunities.

Gjensidige is a leading Nordic general insurance group operating in Denmark, Norway, Sweden and the Baltic States. The company has around 4,000 employees and its head office situated in Oslo, Norway. The vision of Gjensidige is to safeguard life, health and assets for customers in the private and commercial markets by offering financial services on competitive terms. Gjensidige is also working systematically to become the most customer-oriented company in the Nordic general insurance field, and customer satisfaction was, in fact, record-high in 2017 and previous years. Mølholm is Denmark’s largest and most specialised provider of health insurance to both business and private customers. Following the acquisition, Mølholm and their 75 employees became part of Gjensidige Nordic, which is managed from Denmark. The acquisition of Mølholm Forsikring was part of Gjensidige’s strategy focusing on growth in the health sector, among others. The acquisition cemented Gjensidige’s new position as a leading provider of health insurance on the Danish market.