Direct investments

Mandate

A direct investment entails Investinor investing in growth companies together with Norwegian or overseas private investors, either individually or in syndicates. Each investment shall be made on a commercial basis and under the same commercial terms and conditions as the private sector co-investors (pari passu). Investinor shall not have an ownership stake of more than 49% in any company and can invest no more than 49% in the respective funding rounds.

Investinor focuses primarily on companies that contribute to Norwegian wealth creation. The mandate contains no limitations on the sectors in which Investinor may invest. However, the company shall prioritise investment in sectors with businesses that have potential global competitive advantages, that address the exploitation of key natural resources, that utilise innovative technologies and expertise, and/or that contribute to mitigating the effects of anthropogenic climate change and negative impacts on the environment.

Of the capital that Investinor manages as part of its direct investment mandate, NOK 500 million is earmarked for marine-related businesses, and NOK 500 million for the forestry sector. Earmarked capital is subject to exactly the same investment criteria as all other capital managed by Investinor.

Assessment criteria

• The company will be in the seed, venture and/or expansion phase
• The company has major market potential and a competent team offering a progressive technology and/or business model
• The company can demonstrate a realistic scenario for further funding and disposal (exit strategy)
• The company has the willingness and ability to take its corporate social (ESG) responsibilities seriously.
• The current owners must be ready to accommodate new, proactive owners
• Investinor focuses primarily on companies that contribute to Norwegian wealth creation. There are no limitations on the sectors in which Investinor may invest.
• Investinor will typically invest amounts of between NOK 10 and 80 million.

Process:

For inquiries regarding investment opportunities, please use this contact form on our website. For general inquiries please click here.

1. If your company meets the criteria, we will invite you to a telephone or videoconference call during which you will make your initial investor presentation.
2. If, after the first call, Investinor wishes to continue with the process, your company will be invited to a more detailed review of your business and your co-investors.
3. If your company progresses further, a thorough review (due diligence process) will be carried out. On the basis of an overall assessment, Investinor will then judge which companies will continue to the decision stage.
4. This process is handled by Investinor, which takes the final decision regarding investment in your company.

Investinor – what we do

Investinor aims to be a reliable and attractive long-term investor offering capital investment, expertise and networks. We intend to achieve commercial returns on our direct investments. By means of direct investment, Investinor aims to contribute towards growth in the businesses of tomorrow.

Together with our expert co-investors, Investinor shall take responsibility for the selection and active monitoring of our investment objects. In the case of direct investments, a shareholders’ agreement shall be drawn up under commercial terms and conditions containing, among other things, an agreed development plan for the company, including reporting and investment monitoring requirements. Investinor places significant emphasis on ensuring that both the company and its co-investors have the ability and willingness to discharge their social (ESG) responsibilities seriously and to exercise good business practice.

Investinor shall receive quarterly reports from the portfolio company and its co-investor(s). Investinor shall appoint a Board member or an observer onto the Board of the portfolio company, or a member of its nominating committee. Ownership meetings with co-investors shall be held as and when required. Investinor will conduct a continuous evaluation of whether we can contribute with more than just capital, for example via the Board or by means of more active monitoring of its companies.