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

19 Sep 2025 07:00 CEST

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

More information:
Access the news on Oslo Bors NewsWeb site

655770_Download announcement as PDF.pdf