EQT-backed Enity, a leading Nordic specialist mortgage provider, goes public on Nasdaq Stockholm

EQT acquired Enity, then known as Bluestep Bank, in November 2017. During EQT's ownership, Enity has been transformed into a modern, inclusive, pure-play specialist mortgage provider, enabling people who are not always well-served by the high-street banks to own their home and refinance their unsecured debt. Enity has expanded organically into new geographies, including Finland, and completed the strategic acquisitions of Bank2 and Eiendomsfinans in 2023 and 2025, respectively, strengthening Enity's position in Norway. Further, the Company has expanded its mortgage-focused portfolio with an equity release product and included savings accounts as a part of its product offering. 

EQT acquired Enity, then known as Bluestep Bank, in November 2017. During EQT's ownership, Enity has been transformed into a modern, inclusive, pure-play specialist mortgage provider, enabling people who are not always well-served by the high-street banks to own their home and refinance their unsecured debt. Enity has expanded organically into new geographies, including Finland, and completed the strategic acquisitions of Bank2 and Eiendomsfinans in 2023 and 2025, respectively, strengthening Enity's position in Norway. Further, the Company has expanded its mortgage-focused portfolio with an equity release product and included savings accounts as a part of its product offering. 

With EQT's support, Enity has also made significant investments into developing a modern, scalable, cloud-based operating model to become a truly digital specialist mortgage bank, whilst maintaining its low-risk assets and underwriting skills and forging a path of stable and profitable growth. Today, Enity is a profitable market leader based on the size of its mortgage loan portfolio, with lending to the public of SEK 29.3 billion as of 31 March 2025, in a steadily growing market. 

Vesa Koskinen, Partner in the EQT Private Equity advisory team, commented: "The listing is a natural next step in Enity's journey and reflects the strength of its business model, technology platform, and its ability to continue creating long-term value through responsible growth and inclusive lending."

Contact
EQT Press Office, [email protected]

Important notice
This press release does not constitute (i) an offer to sell or a solicitation of an offer to buy any securities of Enity or any of its affiliates; or (ii) an offer of securities for sale in the United States or elsewhere. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an applicable exemption from registration. There will be no public offering of any of the securities mentioned in this press release in the United States.

This press release is for informational purposes only and does not constitute investment advice or a recommendation or invitation to buy or sell any securities. Any investment decision should be based solely on the terms and conditions outlined in the relevant offering documents. Investors should consult their own advisors prior to making any investment decision.

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