Thommessen has advised founders and management in the sale of a majority stake in Axo, a leading distributor of financial services products in the Nordic region, to private equity firm Corsair Capital.
Axo was founded in 2008 and is a specialist in consumer credit and loan brokerage, partnering with leading banks in the region to achieve optimal credit solutions for consumers. Axo’s approach enhances the consumer experience through market-leading acceptance rates and terms, and adds value for its banking partners by lowering customer acquisition costs and broadening their reach. In recent years, Axo has bolstered its digital capabilities and is now a sector leader in digital marketing.
The deal team was headed by Christian G. Sagstad (M&A), and comprised Tore Mydske (Financial Services), Lars Martin Sveen (M&A) and Markus Kjelløkken (Financial Services).