Nordic Development
Nordic operates in the fields of Development, M&A and Strategy Advisory.
Nordic is founded by Stefan Sigurdsson, building on two decades of C-level experience from diverse fields of business such as telecom, infrastructure, investment management, banking and advisory.
Development & Infrastructure
Founder of North Ventures, offering sophisticated site selection services, development, and local support for data centers, as well as other industrial and power-intensive developments looking to to set up in Iceland.
Founder of North Ranga a multi-disciplined property development company providing innovative property development solutions to power intensive occupiers. The company is a joint venture between West Ranga Property Group and North Ventures.
M&A - Senior Advisory
Providing senior advisory to investment funds building on depth of industry knowledge and background both as a sponsor and an advisor in M&A.
Senior Advisor to Summa’s Innvidir Infrastructure Fund on the acquisition of Mila (incumbent telco infrastructure) by Innvidir and Ardian in 2022.
Number of past and ongoing senior advisory mandates for investment funds (confidential).
Strategy & Implementation
Institution-wide Strategy projects for organizations such as the Icelandic Industries, Iceland Symphony Orchestra, Klak Icelandic Startups, the State Hospital's R&D division, Vodafone Iceland, Islandsbanki.
Boards
Stefan serves as a board member at Íslandsbanki, one of Iceland’s leading universal banks; Isavia ANS, the public air navigation service provider; and FÓLK Reykjavik, an emerging brand focused on sustainable interior design. He is also the Chairman of North Ventures and North Ranga.
Track Record
Two decades of C-level Experience
Previous roles include: CEO of Vodafone Iceland (Nasdaq OMX: SYN), Managing Director of Islandsbanki’s Investment Management and member of the banks Management Board, MD of Islandsbanki’s Strategic Development.
Business Development - B2B & B2C
Two decades driving sales, service and product development for a broad range of clients; consumers, corporates and institutional investors within different types of industries.
M&A
Significant M&A deal experience, with both large and small, mergers and takeovers, both as sponsor, corporate finance advisor and originator.
Strategy & Implementation
Leading strategy work and implementation for more than a decade in different roles; as an Advisor, Chairman, CEO and Managing Director at Islandsbanki.
Merger Integration
An extensive merger integration experience involving both a complicated merger of equals as well as smaller takeovers. Merger and integration projects include Vodafone Iceland’s acquisition of 365 media in 2017, Islandsbanki’s acquisition Audur Capital’s pension portfolio in 2013 and BYR Management Company in 2011.
Venture Development
Track Record in greenfield business building in various roles includes: North Ranga, North Ventures (data center development), FÓLK Reykjavik (design products), Reykjavik DC (tier 3 data center), 101 Radio /Sambandid (radio/tv/mvno), Sendafelagid (telco tower company), Summa (management company), Fast1 (real estate fund).
Alternative Investments
Strong track in developing and closing alternative investment funds, both real estate & private equity as Managing Director of Islandsbanki’s Investment Management. New alternative investments revenue stream was instrumental in delivering 38% F&CI growth from 2011-2014.
Industry Expertise
Extensive industry experience and knowledge of telecoms & infrastructure, data centers, banking, investment management, corporate finance and capital markets as well as related industries.
Boards
A decade long experience working as Chairman, Board Member, CEO, MD in current and past roles, both in Iceland and abroad. Currently Board Member of Islandsbanki, Isavia ANS and FÓLK Reykjavik.
International
Ranges from leading strategic development projects with international investment banks, CEO partner markets relationship with Vodafone, international board work and corporate finance work in Denmark.
Crisis Management
Experience includes taking over as MD of investment management days after a banking system collapse, and taking over as a CEO of a telco, shortly after a major hacking incident, with successful management of both situations. Further experience involves both management situations and senior PR advisory.
