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On Monday 30 June 2025, SaltX Technology Holding AB (publ) (“SaltX” or the “Company”) announced a strategic partnership with a subsidiary of Holcim. Holcim is becoming a strategic shareholder in the Company through an investment of approximately SEK 38.9m. Furthermore, the Company has secured an investment of approximately SEK 10.0m from Coeli.

SaltX is a Swedish greentech company that develops and markets sustainable technology that will benefit customers, the climate, and society. The company operates within the electrification of emission-intensive industries such as the lime and cement industries.

On 30 June 2025, it was announced that Upheads AS (“Upheads”) has agreed to acquire the majority of the shares in Evelon AS (“Evelon”, the “Company”) for an undisclosed consideration.

Evelon is a Norwegian managed IT service provider with a strong foothold in South-East Norway, established through the merger of four well-performing IT service companies. The Company is a one-stop shop provider of business-critical services to SMEs, delivered as-a-service on a modern IT platform. Evelon reported FY2024 revenues of NOK 188 million.

Upheads is one of Norway’s largest providers of IT services and security for SMEs. In the last 5 years, Upheads has grown from 70 to 370 employees. Upheads emphasises IT security, Microsoft cloud services, and personalised support.

K-Fast Holding AB (publ) (“the Company”, “K-Fastigheter”), a Swedish listed property company founded in 2010 with operations encompassing active property management, project development and proprietary construction operations, has successfully issued its inaugural SEK 500m senior unsecured green bond with a tenor of 3 years. Net proceeds from the bond issue will be used in accordance with the company’s recently established Green Financing Framework.

The bond issue received strong demand from high-quality Nordic investors. The senior unsecured green bonds will have a coupon of 3m STIBOR + 6.00% p.a. and will be listed on Nasdaq Stockholm within 12 months.

On June 27, 2025, Equip Capital (“Equip”), a Nordic private equity firm focusing on investments in small and mid-sized companies, announced the sale of No Dig Alliance (“NDA”) to Ambienta SGR S.p.a. (“Ambienta”). ABG Sundal Collier acted as exclusive financial advisor to Equip, and would like to express its gratitude to the deal team and Equip for the vote of confidence.

Equip founded NDA in 2021 together with the entrepreneurs in the two Swedish companies Riggtech AB and Pollex AB. Over the past four years, they have together built NDA, a leading Nordic company in trenchless pipe renewal – which makes it possible to install and renovate underground pipes without traditional digging. 13 companies in Sweden, Norway, and Finland have become part of the alliance, currently operating under 7 trademarks.

Since 2021, revenue has quintupled, while operating profit has increased tenfold. In 2025, NDA is expected to generate approximately SEK 860 million in revenue with an operating profit of around SEK 120 million, but further acquisitions could make growth significantly higher.

Duett Software Group AS (“Duett”), a leading provider of software solutions to the SMB market in Norway and Denmark, has successfully placed a new senior secured bond of NOK 550m within a framework of NOK 1,500m and with a tenor of 3.0 years. The net proceeds from the bond issue will be used to refinance Duett’s existing NOK 500m senior secured bond with maturity in April 2026.

The bond issue received strong demand from high-quality institutional investors and the transaction was significantly oversubscribed. The new senior secured bond will carry a floating interest rate of NIBOR 3m plus 5.50% p.a. and will be listed on Oslo Stock Exchange within 12 months.

On 24 June 2025, EQT announced the sale of Recover to Pangea AS. ABGSC acted as Exclusive Financial Advisor to EQT and Recover in the transaction and extends its appreciation to the Recover team for their trust and collaboration throughout the process. ABGSC was also advisor to EQT in the initial acquisition of Recover in 2019, as well as the carve-out and exit of Serwent Group in 2024.

Recover is a leading Scandinavian property remediation specialist. The company employs approximately 1,730 people across Norway, Sweden and Denmark and plays a critical role in providing essential restoration services following water, fire, and environmental damage. Under EQT’s ownership, Recover has been future-proofed through strategic investments in digitalisation, including a new ERP and FSM system, and has sharpened its focus by divesting non-core business units.

Pangea AS is an investment company focused on fostering sustainable growth by partnering with businesses across various industries and sectors. Its mission is to drive long-term value and success through strategic investments.