NAXS puts $920K into German defence firm Euroatlas
What's the deal? NAXS ABDealroom has a profile for this one. Try Dealroom → has invested US$1.09M (roughly $920,000) in EuroatlasDealroom has a profile for this one. Try Dealroom →, a German defence technology company, as a co-investment alongside Mimir, a manager that specialises in corporate carve-outs.
What does Euroatlas do? It develops technology across four areas: underwater autonomy, power electronics, day and night vision systems, and counter-drone systems.
How is it structured? Euroatlas is an existing holding of Mimir Industries ABDealroom has a profile for this one. Try Dealroom →, a fund vehicle managed by Mimir in which NAXS is already an investor. NAXS made this co-investment through a separate vehicle, Mimir EA Holding II ABDealroom has a profile for this one. Try Dealroom →, with no management fee and no carried interest.
Who's NAXS? Established in 2007, it is an investment company listed on Nasdaq Stockholm with a portfolio of Nordic private equity investments. It aims to maximise value from its existing portfolio while selectively deploying capital.
The signal: The deal reflects growing investor appetite for European defence technology, with capital flowing to niche capabilities such as counter-drone systems and underwater autonomy.
Read more: news.cision.com
Image credit: CNE CNA C6F
