Extract from our Nordic M&A Newsletter

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Sparebank 1 SR-Bank acquires crowdfunding firm Monner for NOK 60m
May 24, 2019

Sparebank 1 SR-Bank, one of Norway’s largest banks, has acquired the Norwegian-based crowdfunding platform Monner. Sparebank 1 SR-Bank acquired 42 pct of the company two years ago and has now acquired the remaining 58 pct. Monner reported a turnover of NOK 2m and EBITDA of NOK -15m in 2018. EV is valued at NOK 92m.

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