Vend to sell Lendo Group for NOK 1 billion

Vend Marketplaces ASA has signed a binding agreement to sell Lendo Group, including Lendo, Compricer, and Mybanker, to Clar Global AB for an enterprise value of approximately NOK 1 billion. The transaction is expected to close in the first quarter of 2026, pending regulatory approvals and customary closing conditions. This divestment aligns with Vend's strategy to simplify its portfolio and transform into a pure-play marketplaces company in the Nordic region.

Christian Printzell Halvorsen, chief executive of Vend, highlighted Lendo Group's contribution since 2009 and expressed confidence in its future under Clar. Roar Bjærum, chief executive of Lendo Group, praised Vend as a visionary owner and is looking forward to new opportunities with Clar. Per Granstrand, chief executive of Clar, views Lendo Group as a perfect complement to strengthen Clar's Nordic presence and global expansion.

DNB Carnegie is acting as the exclusive financial advisor, and Advokatfirmaet Schjødt AS is the legal advisor to Vend for this transaction. Vend plans to return any surplus cash from the divestment proceeds to shareholders over time, with specific distribution details to follow.