Freyja Healthcare, a US based medical device company, has successfully completed a USD 6 million equity round. The funding will support the company’s goal of bringing its first medical device to market, which has already received FDA approval in the United States.
Today, Thursday, October 30, 2025, Oculis Holding AG (“Oculis” or the “Company”), a global biopharmaceutical company focused on breakthrough innovations to address significant unmet medical needs in ophthalmology and neuro-ophthalmology, announced the completion of a share offering of approximately ISK 13.6 billion (USD 110 million).
Arctica Finance managed the sale of bonds issued by Eik hf. The transaction involved an increase of the existing bond series EIK 150536. Bonds with a nominal value of ISK 2,500 million were sold at a yield of 4.12%.
Arctica Finance managed the sale of a new bond series issued by Styrkás hf., STYRK 271015. This marks the company's inaugural bond issuance. Styrkás hf. sold bonds with a nominal value of ISK 2,200 million. The bonds carry floating interest, equal to 1M REIBOR plus a 1.50% margin.
ORF Genetics has completed an EUR 5 million equity financing round, with participation from both new and existing shareholders.
ORF produces specialized proteins in barley plants, which are a key component in the production of cultivated meat. Cultivated meat production has advanced rapidly over the past decade, and ORF has developed its MESOKINE line of growth factors, tailored to the needs of the cultivated meat producers. ORF‘s growth factors are trusted by leading players in the cultivated meat market.
Arctica Finance hf. managed the sale of a new bond series called KALD 201228 issued by Kaldalón hf. Kaldalón sold ISK 1,500m nominal at a yield of 8.35%.
Proposals for amendments to the terms of the HFF bonds, issued by IL Fund, were approved by bondholder meetings on April 10th and the conditions for settlement was approved by the Icelandic Parliament on June 3rd. Arctica Finance has been involved in the project since October 2022, when the Ministry of Finance and Economic Affairs published a report on the status of the IL Fund. Over the past year, Arctica Finance has been part of the negotiation committee that developed the proposals presented in March 2025
Today, Eik fasteignafélag hf. (“Eik” or the “Company”) has signed a purchase agreement for the acquisition of all share capital in Festing hf. The sellers are Blue Ocean B.V. og SMT Partners B.V. Festing’s properties in Iceland are approximately 43 thousand square meters in size across 12 properties and house the operations of Samskip hf. in Iceland. Lease agreements for the properties will be for 20 years from and including the delivery of Festing's share capital.
Fjármála- og efnahagsráðuneytið, fyrir hönd Ríkissjóðs Íslands, tilkynnti í dag upphaf markaðssetts útboðs á almennum hlutum í Íslandsbanka hf. og birtingu tengdrar útboðslýsingar. Um útboðið hafa verið samþykkt sérstök lög frá Alþingi (lög nr. 80/2024) og byggir öll framkvæmd útboðsins á þeim. Arctica Finance er í hlutverki söluaðila í útboðinu.
The innovation and technology company GreenFish has completed its first funding round. The company develops artificial intelligence models trained on supercomputers using satellite data to provide the fishing industry with 10-day forecasts on fish locations. These models also provide estimates regarding the volume, quality, and composition of catches across all the world's oceans.
The land-based farming company Thor Salmon has completed a equity raise of ISK 4 billion through a private placement. The equity raise was led by IS Haf Investments and four of the fund’s shareholders: Útgerðarfélag Reykjavíkur, Birta Pension Fund, Almenna Pension Fund, and Íslandsbanki Pension Service.
Nova, Dineout and its shareholders have reached an agreement on Nova’s investment in addition to a partnership between the companies. Nova enters the shareholders group of Dineout and the companies will cooperate on product development and new solutions. Nova acquires 20% in Dineout along with a seat on the company’s board.
The private equity fund Horn III, managed by Landsbréf, has signed a purchase agreement for the sale of its 50% stake in Lífland. The buyer is Þórir Haraldsson, who previously owned half of the company's share capital. With this acquisition, Þórir becomes the sole owner of Lífland.
Today, Friday, February 14, 2025, Oculis Holding AG (the “Company” or “Oculis”) announced the completion of a share offering of approximately ISK 14.1 billion (USD 100 million). The offering was oversubscribed, with demand from both foreign and Icelandic investors.
Icelandic drug discovery and development company Arctic Therapeutics (ATx) has successfully closed a €26.5 million Series A financing from a broad syndicate of international investors.
Today, Friday, December 20, it was announced that over 90% of the shareholders of Marel hf. have accepted the takeover offer of John Bean Technologies Corporation (JBT) to the shareholders of Marel. With this, all the conditions of the offer are fulfilled. The merger of these two leading companies within their sector will now move forward.
Freyja Healthcare has completed an USD 8 million funding round. The offering was directed at a limited group of domestic investors, with a high percentage of those who received the presentation choosing to invest in the company.
Yesterday, Tuesday 23 April 2024, the shares of the ophthalmic‑drug development company Oculis Holding AG were listed on the Nasdaq Iceland Main Market. Arctica Finance managed the listing process and advised the company on an ISK 8 billion (USD 59 million) equity raise through a private placement conducted ahead of the listing. Legal advice was provided by the law firms BBA//Fjeldco, Cooley LLP, and Vischer AG.
In advance of the listing, Oculis raised the equivalent of ISK 8 billion (USD 59 million) from Icelandic institutional investors and existing shareholders. There was substantial oversubscription in the offering. The company is well funded and has secured operations well into the second half of 2026.
Sjóður að fullu í eigu íslenskra lífeyrissjóða hefur gengið frá kaupum á Heimstaden á Íslandi sem er með um 1.600 íbúðir í langtímaleigu hér á landi. Seljandinn er norska fjárfestingafélagið Fredensborg AS sem er móðurfélag Heimstaden Bostad AB, sem er eitt stærsta íbúðafélag Evrópu.
Fly Play hf. (“PLAY” or the “Company”) has now secured share subscription commitments in the amount of ISK 1,400 million, in addition to the subscription commitments in the amount of approximately ISK 2,600 million, as previously announced.
Framtakssjóður í rekstri Alfa Framtaks, hefur komist að samkomulagi um fjárfestingu í hugbúnaðarfyrirtækinu Tixly. Um er að ræða íslenskt félag sem sérhæfir sig í miðasölulausnum fyrir viðburðarhaldara á borð við menningar- og viðburðarhús.
Alfa Framtak hefur samið um kaup á 100% hlut í Hótel Umi á Suðurlandi, en endanleg viðskipti eru háð samþykki Samkeppniseftirlitsins. Fjárfestingin er gerð í gegnum sjóðinn Umbreytingu II slhf. og eignarhaldsfélagið AU 23 ehf. Alfa Framtak hefur nýlega einnig keypt 100% hlut í Hótel Höfn og 50% hlut í Hótel Hamri.
Nýverið gekk INVIT frá kaupum á 100% hlut í Austurverk sem var stofnað árið 2014 af feðgunum Stefáni Halldórssyni, Reyni Hrafni Stefánssyni og Steinþóri Guðna Stefánssyni. Félagið er staðsett á Egilsstöðum og sérhæfir sig í gatnagerð, lagnavinnu í jörðu, snjómokstri, yfirborðsfrágangi og annarri mannvirkjagerð.
IS Haf investments have signed an investment agreement to acquire a 53% share in Thor Landeldi ehf. The company plans to develop a 20,000-ton salmon farm in Thorlákshöfn. Among other investors in the project are Norwegian investors Frank Yri, Chief Commercial Officer of Seaborn, and Alex Vassbotten, Chairman of the Board of Seaborn, both of whom have considerable experience in the salmon farming industry.
Undirritað hefur verið samkomulag um kaup IS HAF fjárfestingar slhf. á 40% hlut í íslenska tæknifyrirtækinu KAPP. Til viðbótar ætlar sjóðurinn að leggja félaginu til aukið hlutafé til frekari vaxtar.
Carbon Recycling International (CRI) hefur nú lokið 30 milljón bandaríkjadala fjárfestingarlotu, en áform um hana voru tilkynnt á aðalfundi félagsins á síðasta ári. Equinor Ventures leiðir hóp nýrra fjárfesta sem bætast nú í hlutahafahóp CRI en aðrir nýir fjárfestar eru Gildi lífeyrissjóður, Sjóvá og Lífeyrissjóður Vestmannaeyja.
Þann 3. mars síðastliðinn var augnlyfjaþróunarfyrirtækið Oculis skráð í bandarísku kauphöllina Nasdaq undir auðkenninu OCS, en félagið safnaði samhliða um 15 milljörðum króna af nýju hlutafé. Í vikunni fagnaði félagið svo skráningunni með því að hringja bjöllunni á Nasdaq í New York við hátíðlega athöfn.
Undirritað hefur verið samkomulag um kaup Kynnisferða á ferðaþjónustufyrirtækinu Actice ehf. sem starfar undir vörumerkinu Activity Iceland. Unnið er að tilkynningu til Samkeppniseftirlitsins og stendur áreiðanleikakönnun yfir.
Eyrir Invest hf and funds managed by JNE Partners LLP and The Baupost Group have signed an agreement whereby the funds will provide Eyrir with a €175 million four-year loan. Through the agreement, each lender has the right to acquire shares in Marel from Eyrir at the end of the loan period.
Augnlyfjaþróunarfélagið Oculis, sem vinnur að þróun nýrra lyfja til meðhöndlunar á alvarlegum augnsjúkdómum, hefur tilkynnt um PIPE fjármögnun upp á um 80 milljónir bandaríkjadala samhliða fyrirhugaðri skráningu félagsins í Bandarísku kauphöllina NASDAQ.
Kerecis hefur lokið samanlagt USD 100 milljóna fjármögnun. Eignarhalds- og fjárfestingarfélagið KIRKBI, kennt við dönsku LEGO-fjölskylduna fjárfesti fyrir USD 40 milljónir. USD 20 milljónir voru seldar til meðfjárfesta og skuldabréfum að upphæð USD 10 milljónir breytt í hlutafé. Meðal nýrra meðfjárfesta má nefna lífeyrissjóðinn Brú og LSV.
Í dag voru hlutabréf Alvotech Holdings skráð á Nasdaq hlutabréfamarkaðinn í New York. Á næstu dögum verður öðrum áfanga náð með samhliða skráningu félagsins á Nasdaq First North Growth markaðinn á Íslandi. Arctica Finance, Landsbankinn og Arion banki voru meðal ráðgjafa Alvotech við hlutafjáraukningu í aðdraganda skráningar.
Hagar hf. og Reginn hf. undirrituðu í dag, 3. desember 2021, samning um áskrift að nýju hlutafé í fasteignaþróunarfélaginu Klasa ehf. en líkt og tilkynnt var þann 24. september sl. undirrituðu Hagar hf., Reginn hf., Klasi ehf. og KLS eignarhaldsfélag ehf. viljayfirlýsingu um frekari uppbyggingu og rekstur fasteignaþróunarfélagsins Klasa ehf.
Hagar hf., Reginn hf., Klasi ehf. og KLS eignarhaldsfélag ehf. undirrituðu á föstudaginn þann 24. september 2021 viljayfirlýsingu um uppbyggingu og rekstur öflugs fasteignaþróunarfélags.
A very successful share offering by Play finished today, Friday 25 June 2021, at 16.00. Approximately 4600 subscriptions were received for in total ISK 33.8 bn. or approx. USD 274 m.
Icelandair Group og Nordic Visitor skrifuðu í dag undir samning um kaup Nordic Visitor á 100% hlut í Iceland Travel. Alfa Framtak fjármagnar kaupin hjá Nordic Visitor. Kaupin eru háð samþykki Samkeppniseftirlitsins.
Hlutafjárútboð Fly Play hf. mun standa yfir frá kl. 10:00, fimmtudaginn 24. júní nk., til kl. 16:00 föstudaginn 25. júní. Tekið verður við áskriftum rafrænt á áskriftarvef útboðsins sem opnar, klukkan 10:00 fimmtudaginn 24. júní.
Líftæknifyrirtækið Alvotech hefur lokið fjármögnun upp á samtals USD 35 milljónir, jafnvirði um ISK 4,5 milljarða, en í þeim hópi sem leggja félaginu nú til nýtt hlutafé eru íslenskir fjárfestar.
Útgerðarfélag Reykjavíkur hf. hélt lokað útboð á víxlum í tveimur flokkum miðvikudaginn 24. febrúar sl. Þetta er þriðja útboð félagsins á innan við hálfu ári, en það fyrsta á þessu ári. Útboðið heppnaðist mjög vel líkt og áður. Tilboð bárust að fjárhæð 3.500 millj. kr. frá 14 aðilum sem var umtalsvert meira en í síðasta útboði.
Jón Ingi Árnason hefur verið ráðinn forstöðumaður Markaðsviðskipta Arctica Finance. Hann tekur við starfinu af Agnari Hanssyni sem hefur verið forstöðumaður deildarinnar frá stofnun hennar fyrir 10 árum. Agnar mun áfram sinna tilfallandi verkefnum í samvinnu við Arctica Finance og verða félaginu til ráðgjafar.
Eldey og Kynnisferðir hafa undirritað samkomulag um sameiningu félaga í eignasafni Eldeyjar og Kynnisferða. Við það sameinast rekstur Kynnisferða, Arcanum Fjallaleiðsögumanna, Logakórs og Sportköfunarskóla Íslands, auk þess sem sameinað félag mun verða minnihlutaeigandi í Íslenskum Heilsulindum, Lava Center og Raufarhólshelli.
Útgerðarfélag Reykjavíkur hf. hélt lokað útboð á víxlum í tveimur flokkum þriðjudaginn 24. nóvember sl. fyrir milligöngu Arctica Finance. Þetta er annað útboð félagsins á árinu, en það fyrra fór fram í ágúst sl. Útboðið heppnaðist mjög vel eins og hið fyrra og bárust tilboð að fjárhæð ISK 3.060 m frá 13 aðilum. ÚR ákvað að taka tilboðum fyrir ISK 2.360 m á 3,54% meðaltals vöxtum og voru þeir 0,28% lægri en í fyrra útboðinu.
Útgerðarfélag Reykjavíkur hf. hélt lokað útboð á víxlum í tveimur flokkum föstudaginn 28. ágúst sl. fyrir milligöngu Arctica Finance. Útboðið heppnaðist mjög vel og bárust tilboð að fjárhæð ISK 3.060 milljónum frá 15 aðilum. ÚR ákvað að taka tilboðum fyrir ISK 2.520 milljónum á 3,82% meðaltals vöxtum.
On April 6, 2020, Fredensborg ICE ehf. launched a tender offer to acquire all outstanding shares of Heimavellir hf. The validity period of the takeover bid expired on June 15, 2020. A total of 242 shareholders accepted the offer, which amounted to 24,32% of Heimavellir‘s outstanding shares.
Undirritað hefur verið samkomulag um sameiningu Kynnisferða og félaga sem eru í eignasafni Eldeyjar, en með sameiningunni verður til eitt stærsta félag landsins sem sinnir afþreyingartengdri ferðaþjónustu.
On 10 March 2020 Fredensborg ICE ehf. (the “Offeror”) acquired 7,168,946,995 shares in Heimavellir hf. (“Heimavellir”), which represents 63.72% of the total issued share capital of Heimavellir. Prior to the acquisition the Offeror held 10.22% of Heimavellir's shares and following the acquisition the Offeror holds 73.94% of total shares, issued by Heimavellir.
Fredensborg ICE ehf. has acquired 7.168.946.995 shares in Heimavellir hf., which represent 63.72% of the total shares. The shares were acquired at a price per share of ISK 1.5 and therefore the total market value of the acquired shares is ISK 10,753,420,493.
Samkeppniseftirlitið hefur samþykkt kaup Nordic Visitor hf. á ferðaskrifstofunni Terra Nova Sól hf. af dótturfélagi Arion Banka. Þá hefur Nordic Visitor hf. einnig lokið áreiðanleikakönnun á Terra Nova Sól hf. og eru því fyrirvarar kaupsamnings uppfylltir.
Nordic Visitor hf. hefur keypt ferðaskrifstofuna Terra Nova Sól hf. af dótturfélagi Arion banka. Terra Nova var hluti af TravelCo hf. sem var stofnað í kjölfar gjaldþrots PrimeraAir og Arion banki tók yfir í júní síðastliðnum. Kaupin eru meðal annars með fyrirvara um niðurstöðu áreiðanleikakönnunar og samþykki samkeppnisyfirvalda.
Hagar hf. hafa tekið tilboði fjárfesta í skuldabréf í nýjum óverðtryggðum flokki, HAGA 181021, en tilboðin bárust í framhaldi af lokuðu útboði félagsins þann 30. september sl. þar sem Hagar höfnuðu öllum tilboðum í óverðtryggðan flokk skuldabréfa. Óskað verður eftir að nýju bréfin verði tekin til viðskipta á Aðalmarkaði Nasdaq Iceland innan 6 mánaða.
Hagar concluded its bonds auction on September 30th, 2019. New inflation-linked series was offered for sale, HAGA 021029, and the bonds are expected to be listed on Nasdaq Iceland within six months.
As part of the partnership between Arctica Finance and The Iceland Ocean Cluster articles that focus on fish related subjects will be published as part of the series titled “100% fish”.
Alvotech just announced that it has successfully raised USD 300 million through a private bond offering. CSLA acted as sole placement agent for the transaction, with Morgan Stanley as a lead investor and Arctica Finance as a financial advisor for Alvotech.
The Icelandic Competition Authority has approved the merger of Hagar, Olís and the real estate company DGV. Arctica Finance, together with Landslög, acted as advisor to Hagar. The purchase agreements for the transaction were signed in April 2017, subject to due diligence results, approval from the Competition Authority, and approval by a Hagar shareholders’ meeting for a share capital increase. The due diligence condition was waived in July 2017 and the share capital increase was approved at Hagar’s Annual General Meeting in June 2017.
As part of the partnership between Arctica Finance and The Iceland Ocean Cluster articles that focus on fish related subjects will be published as part of the series titled “100% fish”.
Today, a settlement was signed between Hagar hf. and the Icelandic Competition Authority regarding the conditions for Hagar's acquisition of Olíuverslun Íslands hf. (Olís) and the real estate company DGV ehf. Hagar’s advisors in the transaction were Arctica Finance and Landslög.
Aðaltorg ehf. has secured financing for a 150 room Courtyard by Marriott airport hotel. Arctica Finance was the financial advisor to Aðaltorg in the transaction.
An agreement has been reached regarding the purchase of a 70% stake in the company Stál í Stál ehf., the parent company of the machine shop Hamar and the real estate company Idea.
As part of the partnership between Arctica Finance and The Iceland Ocean Cluster articles that focus on fish related subjects will be published as part of the series titled “100% fish”.
Arctica Finance and The Iceland Ocean Cluster have formed a partnership to develop opportunities in the fishing industry. The initial focus will be on financing of projects related to fisheries, seafood byproducts and biotechnology, worldwide.
Arctica Finance is looking for a securities broker. Any experience in the financial market is an advantage but not a requirement. The application deadline is June 18, 2018.
Jón Þór Sigurvinsson has been hired as Head of Corporate Finance at Arctica Finance. Up until now Stefán Þór Bjarnason has served as both Head of Corporate Finance and the company‘s CEO.
Hagar hf. have signed an agreement to buy all shares in Olíuverzlun Íslands hf. (Olís) and the real estate company DGV ehf. Hagar‘s lead advisor in the transaction was Arctica Finance.
Hagar hf. and Lindarhvoll ehf., on behalf of the Treasury of Iceland, have signed a purchase agreement for the acquisition of all shares in Lyfja hf. The agreement was signed following negotiations regarding Hagar hf.'s bid in an open sales process. Arctica Finance acted as the advisor to the buyer.
Lýsing hf. has issued a new bond series, LYSING 16 1, with a total nominal value of ISK 2 billion. The bonds are 7 year annuity bonds that pay monthly interest based on 1-month REIBOR plus a 1.10% interest spread. The bonds are secured by a pledge in a diversified portfolio of loans and financing agreements. An application will be made for the bonds to be admitted to trading on Nasdaq Iceland.
Reykjavík Energy (Orkuveita Reykjavíkur) has reached an agreement with the holders of the bond OR 12 2016 regarding an extension and partial refinancing of the bond.
Lýsing hf. recently issued bonds with a nominal value of ISK 900 million in the bond series LYSING 15 1. The company has now issued a total of ISK 4 billion in nominal value in this bond series since November 2015. The bonds are annuity bonds with a five-year term and pay monthly interest based on the 1-month REIBOR rate plus a 120 basis point margin. The bonds are secured by a diversified loan portfolio.
The City Council has approved an offer from Arctica Finance, on behalf of investors, for the non-indexed bond series RVKN 35 1 with a nominal value of ISK 1,200 million at a yield of 6.42%.
Yesterday, a meeting was held with the holders of the bond Skipti 13 01, followed by a meeting with the company’s lenders. The bondholders approved Síminn’s proposal to increase the prepayment flexibility of the bond class, along with tightening financial covenants and adding a pledge restriction to the class.
The Financial Supervisory Authority in Iceland has approved the merger of H.F. Securities with Arctica Finance and Arctica Finance has assumed all rights and duties of H.F. Securities. The companies have been merged under the name of Arctica Finance.
For the last weeks Arctica Finance has worked with Vátryggingafélag Íslands – VÍS Insurance – in issuing and selling subordinated bonds. Arctica Finance, in cooperation with investors, initially submitted a binding offer for the total issue amounting to ISK 2.5 bn. Nevertheless, Arctica Finance engaged in the sale of the bonds, VIS 16 1, and they have been sold to a wide group of local institutional investors and were almost twice oversubscribed.
The initial public offering of shares in Síminn begins on Monday, October 5 at 10:00 and ends on Wednesday, October 7 at 16:00. The size of the offering amounts to 1,737,000,000 shares, or an 18% stake in the company, with a minimum sale value of ISK 4,689.9 million.
