NAXS makes an investment of EUR 1.3 million in Equip Capital SPV SCSp

NAXS has made a EUR 1.3 million investment in Equip Capital SPV SCSp (“Equip SPV”). Equip SPV is a continuation vehicle established to acquire 2 portfolio companies, Rush and iteam, from Equip Capital Fund I (“Equip Fund I”) with the aim to build on their successful platforms and support a new phase of growth. Rush is one of the largest indoor trampoline park operators in Europe, while iteam is a leading IT services provider to the Norwegian SME market.

NAXS is an existing investor in Equip Fund I, where it made a NOK 20 million commitment in 2020. NAXS’s investment in Equip SPV corresponds to the rollover of its part of the proceeds generated to Equip Fund I by the divestment of Rush and iteam to Equip SPV.
Other investors in Equip SPV include existing investors in Equip Fund I, new international institutional investors, as well as Equip Capital’s team.

Contact information:
Gösta Lundgren, Interim CEO
Telephone: +46 70 710 4788

The information was submitted for publication, through the agency of the contact person set out above, at 19.00 CET on August 26, 2024.