Investments
28Portfolio Exits
12Partners & Customers
10Service Providers
1About DNB
DNB is a financial services group in Norway. It offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. The company is a shipping bank with a position in the energy sector, and the fisheries and seafood industry. DNB was founded in 2003 and is based in Oslo, Norway.
Latest DNB News
Nov 24, 2023
DNB Bank ASA – status of share buy-back programme after week 47 2023 Fri, Nov 24, 2023 17:18 CET On 19 October 2023, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 15,426,132 shares. Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2024. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,244,885 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 3.3 billion. During week 47 of 2023, DNB purchased 1,029,210 own shares at an average price of NOK 204.7082 per share. Following this, DNB has purchased a total of 5,974,210 own shares under the current buy-back programme, corresponding to 0.39 percent of the shares in the company. Below is a more detailed overview of the transactions carried out under the buy-back programme: Date:
DNB Investments
28 Investments
DNB has made 28 investments. Their latest investment was in European Energy as part of their Line of Credit on November 11, 2023.
DNB Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/22/2023 | Line of Credit | European Energy | $163.51M | Yes | 2 | |
11/6/2023 | Line of Credit | Arnarlax | $107.5M | Yes | Arion Bank, and Danske Bank | 2 |
5/23/2023 | Unattributed | Back Bay Life Science Advisors | Yes | 3 | ||
1/4/2022 | Corporate Minority | |||||
5/7/2021 | Loan - II |
Date | 11/22/2023 | 11/6/2023 | 5/23/2023 | 1/4/2022 | 5/7/2021 |
|---|---|---|---|---|---|
Round | Line of Credit | Line of Credit | Unattributed | Corporate Minority | Loan - II |
Company | European Energy | Arnarlax | Back Bay Life Science Advisors | ||
Amount | $163.51M | $107.5M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | Arion Bank, and Danske Bank | ||||
Sources | 2 | 2 | 3 |
DNB Portfolio Exits
12 Portfolio Exits
DNB has 12 portfolio exits. Their latest portfolio exit was Kahoot! on July 14, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/14/2023 | Acq - Pending | Undisclosed Investors | 12 | ||
5/13/2022 | Acq - Fin | 3 | |||
1/5/2022 | Acquired | 4 | |||
Date | 7/14/2023 | 5/13/2022 | 1/5/2022 | ||
|---|---|---|---|---|---|
Exit | Acq - Pending | Acq - Fin | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Undisclosed Investors | ||||
Sources | 12 | 3 | 4 |
DNB Acquisitions
1 Acquisition
DNB acquired 1 company. Their latest acquisition was Sbanken on April 15, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/15/2021 | Acquired | 6 |
Date | 4/15/2021 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 6 |
DNB Partners & Customers
10 Partners and customers
DNB has 10 strategic partners and customers. DNB recently partnered with SIX Group on November 11, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
11/2/2022 | Partner | Switzerland | SIX Welcomes DNB Bank ASA as New Repo Participant. We thank the SIX Repo Market team for the good collaboration and support during the on-boarding process . '' | 1 | |
10/31/2022 | Partner | Digi signs agreement with DNB to access Malaysia’s 5G Single Wholesale Network Digi Telecommunications Sdn Bhd continues its ongoing 5G network testing with its technology partners and DNB , towards enabling its customers to soon enjoy 5G services . | 1 | ||
6/21/2022 | Partner | United States | Green Bronx Machine Partners with DNB Bank ASA to Donate Laptops to Students – Green Bronx Machine A representative at DNB involved with the partnership with Green Bronx Machine said , `` It is our pleasure to support the work and children of Green Bronx Machine . | 1 | |
12/16/2021 | Client | ||||
11/5/2021 | Vendor |
Date | 11/2/2022 | 10/31/2022 | 6/21/2022 | 12/16/2021 | 11/5/2021 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Client | Vendor |
Business Partner | |||||
Country | Switzerland | United States | |||
News Snippet | SIX Welcomes DNB Bank ASA as New Repo Participant. We thank the SIX Repo Market team for the good collaboration and support during the on-boarding process . '' | Digi signs agreement with DNB to access Malaysia’s 5G Single Wholesale Network Digi Telecommunications Sdn Bhd continues its ongoing 5G network testing with its technology partners and DNB , towards enabling its customers to soon enjoy 5G services . | Green Bronx Machine Partners with DNB Bank ASA to Donate Laptops to Students – Green Bronx Machine A representative at DNB involved with the partnership with Green Bronx Machine said , `` It is our pleasure to support the work and children of Green Bronx Machine . | ||
Sources | 1 | 1 | 1 |
DNB Team
25 Team Members
DNB has 25 team members, including current Chief Technology Officer, Executive Vice President, Per Kristian Næss Fladset.
Name | Work History | Title | Status |
|---|---|---|---|
Per Kristian Næss Fladset | Chief Technology Officer, Executive Vice President | Current | |
Name | Per Kristian Næss Fladset | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Technology Officer, Executive Vice President | ||||
Status | Current |
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