Context
Since inception in 2015, Qred has continuously and successfully enhanced its offering across the Nordics and Europe. Devoting its effort solely on small businesses, a core segment of the economy that big banks have failed to address, Qred has created the market and is now the market leader in all jurisdictions that it operates in.
The company was built by entrepreneurs for entrepreneurs – giving a much broader audience the opportunity to seek and receive quick, transparent, and un-biased financing for their future entrepreneurial endeavors
Backed by Nordic Capital, Qred is now ready to embark on the next big step in the journey of becoming the leading financial platform for small businesses in Europe. Starting with the launch of a credit card devoted to small businesses, the first in its kind, leveling the playing field between small and larger businesses.
About Qred
Founded in 2015 by entrepreneurs for entrepreneurs, Qred is now Sweden’s fastest growing fintech company according to the Financial Times. Qred is the market leader in the Nordic region and has Sweden’s most satisfied customers according to Trustpilot. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil and Belgium, Qred has helped more than 25,000 companies. Qred’s fully automated, proprietary credit scoring system allows Qred to quickly and competitively provide business owners with the power they need to grow.
About Nordic Capital
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested close to EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds.
The Evolution fund focus on Mid-Market opportunities across Northern Europe of between EUR 35 million and EUR 150 million in mid-market companies with an EV of EUR 50 million to EUR 300 million. The fund is looking for investments that can deliver structural transformation, operational improvements, buy & build, emerging market growth, strategic repositioning, international expansion and growth acceleration.
Bryan, Garnier & Co acts as Sole Financial Advisor to Qred on its Private Placement pursued by Nordic Capital
Bryan, Garnier & Co acted as Sole Financial Advisor to Qred
Bryan, Garnier & Co assisted Qred in providing a broad and international reach of investors, process intelligence, valuation expertise, coordinating due diligence efforts and negotiating key terms with Nordic Capital
This transaction continues to demonstrate Bryan, Garnier & Co’s growing expertise and track record in the fintech and financial services sectors. Notable other transactions include Societe Generale’s acquisition of Shine, Hg’s investment in liquidity management solutions software smartTrade, the acquisition of independent debt collection specialist Recocash by IK Investment Partners and more recently, the acquisition of bank data aggregation Linxo by Crédit Agricole Payment Services
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