Nicolai Julsvoll Partner Advokat

“Nicolai Julsvoll is a talented adviser with a sharp commercial sense and a clear understanding of client priorities. He is accessible, decisive, and provides balanced, practical advice that helps move transactions forward.” – The Legal 500 (2026)

Biography

Nicolai Julsvoll is a partner in Thommessen’s M&A and Corporate group in Oslo and is one of Norway’s leading advisers within private equity. He is a regular adviser to several of the largest Nordic private equity firms, and also assists a number of international PE funds, investment banks, listed companies and private companies in strategic transactions. Nicolai also advises issuers and managers in connection with equity offerings, listings and public takeover bids.

Nicolai has more than 110 registered transactions in Mergermarket and is ranked as a Level 1 lawyer in Mergermarket’s global M&A league table — a level that places him among the most active transactional lawyers in the Nordics. He is part of Thommessen’s M&A practice, which is ranked Tier 1 / no. 1 in all national and international rankings, including Chambers & Partners, Legal 500 and IFLR1000, and which has had the largest transaction volume in the Norwegian market over the past decades.

Nicolai is known for a commercial, solution-oriented and hands-on approach, with a focus on identifying the key commercial issues early and driving transactions efficiently through to signing and completion.

Focus areas

Nicolai’s practice covers the full transaction spectrum within M&A and capital markets, with particular emphasis on the following areas:

M&A and Corporate. Strategic acquisitions and disposals, carve-outs, joint ventures and restructurings for industrial players and financial investors in Norway and internationally.

Private Equity and Growth Equity. A particular focus area in Nicolai’s practice. He is a regular adviser to several of the largest Nordic PE firms — including EQT, Altor and Norvestor — and also assists international funds such as One Equity Partners and Forbion throughout the investment cycle, from platform investments and add-ons to exits.

Equity Capital Markets. Listings, including IPOs and Euronext Growth listings, public takeover offers, take-privates, private placements and rights issues for issuers and managers.

Tech M&A. Transactions within IT, software, fintech and technology-driven growth companies, including venture and growth capital investments.

Sector experience

Nicolai has transaction experience across a broad range of sectors, including financial services and insurance, energy, oil and oil services, renewable energy and infrastructure, shipping and offshore, industry and business services, technology, life sciences and healthcare, and consumer and retail.

Selected transactions

Private Equity

EQT – the sale of Recover Nordic, the sale of Serwent and the original acquisition of Recover Nordic.

Norvestor – the acquisition of BDO’s accounting business through a carve-out, the growth investment in PSA Solutions, the acquisition of Value Group, the acquisition of Stamina Group and the sale of ABAX.

Altor – the acquisition of Eltera, the acquisitions of Starco and Dekk1, the sale of Nordic Tyre Group to Axcel and the sale of Enhanced Drilling to EV Equity.

One Equity Partners – the acquisition of Kinly and the acquisition of the measurement solutions business from TechnipFMC.

Fidelio Capital – the growth investment in Newsec.

Forbion – the business combination between Arxx Therapeutics and Oxitope.

Strategic and industrial M&A

Eviny – the sale of Eviny Solution.

Sumitomo – the investments in Inherit and Sekal.

Storebrand – the sale of Storebrand Helse to ERGO and the acquisitions of Danica, Kron and Skagen.

Danske Bank – the sale to Nordea.

KLP – the sale of KLP Bedriftspensjon to DNB.

Vår Energi – the acquisition of ExxonMobil’s licences on the Norwegian continental shelf.

Vestdavit – the sale to Fairbanks Morse Defense.

Fjord Bank – the sale to Zilch.

Equity Capital Markets and Public M&A

Assistance to Shelf Drilling in connection with the takeover offer from ADES.

Advice to Constellation Oil Services in connection with its listing on Euronext Growth Oslo and subsequent listing on the main list of the Oslo Stock Exchange.

Assistance in a number of other IPO processes, including the listings of Ventura Offshore, Shelf Drilling North Sea, Lytix Biopharma, HydrogenPro, PatientSky, LINK Mobility, Norbit, Shelf Drilling, XXL, Entra and Skandiabanken, as well as the listing of ICE. Public M&A experience includes, among other matters, the restructuring of Norwegian Air Shuttle, the acquisitions of Data Respons, Oslo Børs and Saferoad ASA, and Royal Dutch Shell’s takeover of BG Group. In addition, Nicolai has assisted a number of listed companies with private placements.