mynth
08/2025

NYTT FORETAK acquired by HAWK INFINITY SOFTWARE

NORWAY Software / Industry-Specific Software EV 100M - 350M NOK

Context

Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire the remaining 9.9% minority stake in Nytt Foretak AS. This transaction follows HIS’s original acquisition of a majority interest and results in the group now controlling 100% of the target’s equity. The settlement for this stake is primarily being executed through an issuance of shares in HIS’s parent company, Hawk Infinity AS. In tandem with the minority acquisition, HIS has reached a final settlement regarding the contingent deferred consideration (earn out) for Nytt Foretak. A total of NOK 12.6 million will be paid to resolve all outstanding claims under this agreement, also primarily settled via parent company shares. This move aligns with HIS’s broader strategy of consolidating full ownership in its high performing portfolio companies where founders had previously retained minority interests. The acquisition of full control allows for deeper integration and strategic alignment as Nytt Foretak continues its rapid growth, which saw a 57% revenue increase and 99% EBITDA growth year over year as of June 2025.

The acquisition of Nytt Foretak is part of the growth strategy of Hawk Infinity Software, which already has several external growth operations under its belt, notably Digiseg in 2025.

NYTT FORETAK, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Nytt Foretak AS is a specialized provider of digital services focused on the registration and establishment of new limited liability companies within the Norwegian and Swedish markets. Established in 2014, the organization has secured a leading position in its niche by serving a high tier client base consisting of prominent law firms, accounting practices, and project finance institutions. The entity’s business model revolves around streamlining the complex administrative processes of corporate formation through an automated digital platform. Over the past year, the company has successfully executed a geographic expansion into Sweden, driving significant growth in its core operations. The platform is characterized by high operational efficiency and profitability, benefiting from a dominant market share in the digital corporate registration sector within the Nordics.

Ent. Value

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Historical Financials (NOK)

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2025
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2024
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REFERENCES

Valuation range: EV 100M - 350M NOK

Revenue range: 5M - 25M NOK

EBITDA range: 5M - 25M NOK

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: hawk infinity software