About us
byNordic Acquisition Corporation closed its initial public offering of 15,000,000 units for gross proceeds of USD $150 million on February 11, 2022 and subsequently announced the closing of the sale of an additional 2,250,000 units pursuant to a full exercise of the underwriters’ over-allotment option, bringing the total gross proceeds to USD $172,500,000 . The byNordic units started trading on the NASDAQ Global Market, New York on February 9, 2022.
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on identifying high technology growth companies in the northern part of Europe.
The European tech space (and in particular the Nordics) has been recognized as a region with impressive growth opportunities. byNordic aims to, via its SPAC, offer an entry point to the US public financial markets for European growth companies, and vice versa, an entry point to the European tech market for US public financial investors.
The company has a Nordic-US management team.
The byNordic team share a common background within innovation and public markets experience in Europe as well as in the US, and believe that bridging this gap with local teams both in the Nordics and in New York will give European tech companies and US investors the best of two worlds.
Are you the right match for us?
Our main focus is a tech or fintech company, with a commercialised product/service and with an enterprise value of primarily $450-750 million. Preferably located in the Nordic or European region.
High-growth, global reach & significant sales with a strong and driven management team.
A business idea with the right appeal to both us and the US public investor market.
The team
By Nordic´s team is a multi-disciplinary enterprise with members who have worked together previously. The byNordic management team has a wide network of professional services contacts and business relationships in the European technology industry.
Michael Hermansson
CEO (Sweden), 30+ years leading private equity owned growth and turn-around companies. Triton Investment Advisors and Nordic capital are two of the notable private Equity firms for which Michael has led portfolio companies. He has amassed an extensive merger and acquisition experience from his roles in these companies which he will put to use in byNordics acquisition efforts.
Thomas Fairfield
COO, CFO & Secretary (United States) Experienced senior manager with service as executive officer in Journey Group Acquisition Co. LLC and prior in Rhino Resource Partners LP, WMIH Corp. and Capmark Financial Group Inc. as well as service as an independent director of several other companies, including Casablanca Holdings GP LLC, Bluestem Brands, Inc. and Courtagen Life Sciences Inc. Prior to 2006 Mr. Fairfield has also been engaged in private law practice for more than twenty years with a focus on corporate and securities law, including mergers and acquisitions, corporate finance and financial services.
Mats Karlsson
Co-founder & Director of Acquisitions (Sweden), Serial tech entrepreneur with more than 25 years management experience and a number of successful investments and exits. Among others he was co-owner and chief marketing officer in mobile technology software company Tactel that was sold to private equity fund FSN Capital III.
Alexander Lidgren
Co-founder & Director of Marketing (Sweden), Serial tech entrepreneur and energy/green tech investment expert and speaker. He is a board member of Almi Greentech, a Nordic green tech fund. He has also been managing director and co-founder of the investor membership network Cleantech Scandinavia where he sourced more than 700 investments on behalf of more than 100 global venture capital investors.
Christian Merheim
Co-founder & Director of Technology (Sweden), Serial tech entrepreneur who has founded a number of high-tech start-ups within the fields of video over IP (Bokks), parallel computing (Mitrionics) and advanced image processing (Wespot). He entered into fintech and blockchain technology already in 2012 when he co-founded and worked as chief strategy officer of Cryex Group AB.
Board of Directors
Jonas Olsson
Chairman of the board and co-founder of byNordic. 30+ years experience as top level executive in H&M, the USD25+ bn annual sales, global fashion conglomerate.
Steven M. Wasserman
Independent director. New York. Licensed attorney and investment fund principal with prior management positions in investment advisory, investment management and private equity investment firms. A long time advisor to several special purpose acquisition companies as well as a prior position as a special purpose acquisition company CEO.
Anna Yukiko Bickenbach
Independent director. Berlin, Germany. Brings in additional deal sourcing capacity in Germany. She is heavily involved in the German tech scene. She currently serves as Field Marketing Manager EMEA for Planet Labs Inc.
Fredrik Elmberg
Independent director. Hamburg, Germany. Serial entrepreneur, investor, prior private equity fund partner and Harvard alumni. He has an extensive prior experience as CEO and board member from several privately-owned companies.
Anders Norlin
Independent director. Stockholm, Sweden. Former CEO of Swedish finTech hub Findec. Previously been involved in Embassy House a Stockholm based tech hub and incubator and been an investment manager for several private equity firms.