NAXS

Not for release, publication or distribution, directly or indirectly, in or into the United States, Hong Kong, Canada, Japan or Australia, or any other jurisdiction in which the distribution or release would be unlawful.

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. 

This press release and further information is available on the Company's website: www.naxs.se

NAXS AB (publ)

Corp. Reg. No. 556712-2972

Alma, Nybrogatan 8

114 34 Stockholm, Sweden

E-mail: info@naxs.se

NAXS is an investment company listed on NASDAQ Stockholm. NAXS primarily invests in private equity funds with a Nordic focus but may also make direct investments or co-investments alongside private equity or other alternative assets funds. More information is available on www.naxs.se