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Hawk Infinity Software AS, a leading Nordic niche cloud software group, has successfully completed a NOK 770 million tap issue in its outstanding senior secured bonds with maturity 15 July 2030. The net proceeds from the bond issue will be used to finance acquisitions. The highly successful transaction, marking the twelfth bond transaction (including tap issues) by Hawk Infinity Software since 2021, received strong interest from high-quality investors across the Nordics and internationally.

Dott, the largest micromobility provider in the EMEA region, has successfully completed their inaugural 4-year senior secured bond issue of EUR 70 million, under a framework of EUR 150 million.

The net proceeds from the bond issuance will be applied towards refinancing existing indebtedness, deposit a blocked Escrow account (to finance investments in scooters and bikes) and general corporate purposes.

The transaction attracted strong demand from a broad range of high-quality Nordic and international institutional investors.

On 29 September 2025, the shareholders in 12 renewable YieldCo funds* (alternative investment funds owned by private Danish investors) approved the merger with select parts of Obton A/S at extraordinary general meetings, creating an integrated energy company Renewable Energy Company A/S (“ReCo”). The combined enterprise value of ReCo is DKK ~11bn (EUR ~1.5bn), and the ~3,200 investors in the 12 participating YieldCos will collectively own 85% of ReCo while Obton A/S, majority-owned by FSN, will own the remaining 15%.

By combining the operational assets of the YieldCos with the operations and development capabilities of Obton A/S, ReCo becomes a fully integrated renewable energy company with 1.2 GW of operational PV solar capacity, a development pipeline of 4.2 GW in PV solar and BESS (Battery Energy Storage Systems), and presence in 11 countries globally.

To mitigate interdependency between the outcome of the votes in each YieldCo and increase deal likelihood, the merger was structured and executed as 6 separate legal mergers, each filed and approved individually and merged into ReCo. Ultimately, 12 out of the 13 YieldCos involved voted in favour of the merger, in line with recommendations from their respective boards.

ABG Sundal Collier acted as the exclusive financial advisor to the participating YieldCos and their investors and is the financial architect behind the creation of ReCo. The objective was to establish a stronger, integrated platform for long-term value creation in the evolving global energy markets. Given the complexity of the transaction, ABG Sundal Collier provided full-scope advisory services across multiple disciplines, including M&A, ECM and DCM.

Conapto, a leading Swedish data center provider with facilities at four locations in Stockholm, has successfully issued subsequent SEK 1,000 million senior secured bonds. In September 2025, Conapto entered into a 10-year agreement with a new customer to deliver 16 MW of IT capacity. Net proceeds from the tap issue will be applied towards financing the construction of the additional IT capacity.

Following the tap issue, the outstanding aggregate principal amount of the bonds will be SEK 1,500 million. The tap issue was met with strong demand from high-quality Nordic and international institutional investors and was priced at 101.75% of par.

Dellia (the “Company”), a Nordic consumer goods group with a fast-growing position in the dried fruit category, yesterday announced the successful completion of its initial public offering of shares on Oslo Børs (the “IPO”). The IPO attracted significant interest from high quality investors, as well as from the general public in Norway, Sweden, Denmark and Finland and employees of Dellia. The transaction was more than 10 times oversubscribed, excluding shares pre-allocated to cornerstone investors. The offer price of NOK 135 per Offer Share implies a post-money market capitalisation of the Company of approximately NOK 649 million.

A total transaction size of approximately NOK 120 million were allocated, representing approximately 18.4% of the outstanding shares in the Company. The gross proceeds of approximately NOK 100 million to the Company will be used to fund working capital to scale in selected European markets, secure production capacity, invest in innovation and product development and further strengthen its supply chain from raw material to finished products.

The first day of trading in the Company’s shares on Euronext Oslo Børs is 29 September 2025.