Mannheimer Swartling advises Nordic Capital on the combination of Qred and Liberis

Mannheimer Swartling has advised Nordic Capital in connection with its agreement to acquire Liberis, a leading global embedded finance platform, and to further invest in Qred, one of Europe’s foremost digital small business banks.

The transaction will bring together Qred and Liberis to create a market-leading global platform for small and medium-sized business financing. The combined group will have approximately 600 employees, revenues exceeding EUR 250 million and an active customer base of more than 53,000 SMBs across 17 countries.

Founded in Stockholm in 2015, Qred operates under a full banking licence and serves small businesses across Northern Europe. Liberis has enabled more than 70,000 small businesses to access funding through a network of partners across Europe, the UK and North America.

Following completion, Nordic Capital XI will become the majority shareholder of the combined company, with Nordic Capital Evolution I retaining an interest. The transaction is expected to complete later this year, subject to customary regulatory approvals and closing conditions.

Mannheimer Swartling’s team included Isabella Ramsay, Thomas Pettersson, Petter Ullman, Charlotte Demegård and Carolina Flagge.