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NYTT FORETAK

Acquired by

HAWK INFINITY SOFTWARE

Norway Software EV [100m NOK - 500m NOK] 08/2025

Target

NYTT FORETAK

Acquirer

HAWK INFINITY SOFTWARE

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.

This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.0x since the beginning of 2026, a 14.6% decrease compared to 2025. This data is based on the contribution of our growing community, composed of M&A and private equity professionals.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
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2024
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Other operations with NYTT FORETAK

mynth data is contributed by M&A / PE professionals and systematicaly cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.