Announcement from Summa

Summa announces the closing of Summa Circular with an investment in NG, a company originally acquired by Summa Fund I in 2018. Ownership of NG is thus transferred from Summa Fund I to Summa Circular. The ~EUR 550m transaction will allow Summa and the NG management team to continue executing their value creation plan by capturing the expanding market opportunity stemming from the shift towards a circular economy.

We are excited to continue our journey with Summa once again through Summa
Circular. This new capital allows us to accelerate our mission of transforming
waste management and contributing to a circular and more sustainable future.
With Summa's continued support, NG is ready to consolidate its position as a
key enabler of the Nordic circularity transition, driving positive change in our region.
Bjørn Arve Ofstad
CEO of NG Group

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Published 11.05.23