Nordic Capital Fund IX, a leading private equity investor, today announced the acquisition of a majority stake in Signicat. Signicat is a high-growth provider of digital identity and signatures solutions that operates the leading digital identity hub in the market.
ABG Sundal Collier ASA acted as financial adviser to Nordic Capital.
Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest digital identity hub in the world, offering the only complete identity platform in the market, trusted to reduce the burden of compliance in highly regulated industries. Signicat has over 500 financial services and other organisations as clients, connects to more than 20 schemes globally and verifies more than 20 million transactions per month. In 2018, Signicat generated approximately NOK 180m in revenue.