Vend Marketplaces ASA

M&A Activity • Sep 19, 2025

Vend Marketplaces ASA (VENDA/VENDB) - Vend signs agreement to sell Lendo Group

Vend Marketplaces ASA (VENDA/VENDB) - Vend signs agreement to sell Lendo Group

19.9.2025 07:00:01 CEST | Vend Marketplaces ASA | Non-regulatory press releases

Today, Vend Marketplaces ASA ("Vend") has signed a binding agreement with Clar

Global AB ("Clar") to sell the financial services marketplace, Lendo Group

(Lendo, Compricer and Mybanker). The transaction implies an enterprise value of

around NOK 1 billion.

Christian Printzell Halvorsen, CEO of Vend, comments: "??Lendo Group has been a

valued part of Vend's portfolio since 2009, and it has been a privilege to

follow the company developing into a leading platform for financial services in

Scandinavia. Now, we will be cheering them on from the sideline, confident that

this new chapter holds strong potential for continued development and value

creation for Lendo Group and its customers. The sale of Lendo Group marks

another milestone in our journey to simplify our portfolio and transform into a

pure-play marketplaces company in the Nordic region."

"Vend has been a visionary and supportive owner for many years. Their vision and

dedication has been important in building Lendo Group into the leading

marketplace for financial services in Scandinavia. We are now entering a new

exciting chapter as part of Clar. We are looking forward to exploring new

opportunities to further develop the company, strengthen our market position and

continue delivering exceptional value to our customers, partners, and

employees," comments Roar Bjærum, CEO at Lendo Group.

"Lendo Group is the perfect complement to Clar's global operations, enabling us

to take a significant step forward in strengthening our presence in the Nordic

region and continuing our global expansion. As a global financial technology

leader, we are committed to accelerating Lendo Group's expansion and

strengthening its leadership in the Nordics, while at the same time unlocking

the considerable cross-regional opportunities that come with integrating such

trusted and established fintech brands into Clar," says Per Granstrand, CEO.

The parties have signed the final transaction agreements, with completion

expected during first quarter 2026, subject to approval from regulatory

authorities and other customary closing conditions.

Vend follows a disciplined capital allocation strategy. While maintaining a

conservative balance sheet, any surplus cash will be returned to shareholders

over time. The company will come back with specific information about the

distribution of the proceeds from the Lendo divestment to shareholders in due

time.

Advisors

DNB Carnegie acts as exclusive financial advisor and Advokatfirmaet Schjødt AS

acts as legal advisor to Vend in connection with the transaction.

Oslo, 19 September 2025

Vend Marketplaces ASA

CONTACTS

* Nathalie Kåvin, Communications Manager, Vend Marketplaces ASA,

nathalie.kavin@vend.com

* Simen Madsen, Investor Relations Officer, Vend Marketplaces ASA, +47 992 73

674, ir@vend.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/18659888/6436/Download%20announce

ment%20as%20PDF.pdf