No Dig Alliance Expands with Ambienta Partnership
Deal News | Jun 27, 2025 | Finance Community IT - 3 Private Equity
Ambienta, a European asset manager focused on sustainable investments, has acquired a majority stake in No Dig Alliance (NDA) from Equip Capital. The senior management and founders of NDA will reinvest significantly, indicating confidence in the group's long-term growth trajectory. This acquisition marks Ambienta's expansion into the Nordic region, signifying a key step in their pan-European growth strategy. The NDA, based in Stockholm and operational in Sweden, Norway, and Finland, offers trenchless technology solutions for water and sewage infrastructure. Their services provide a sustainable alternative to traditional methods, reducing costs and CO2 emissions. With a scalable business model, a strong focus on sustainability, and a proven ability to complete synergistic acquisitions, NDA has achieved a leadership position in the Nordic market. The deal is set to close by Q3 2025 and involved advisors such as Clearwater, Mannheimer Swartling, BCG, Deloitte, and Arup. Ambienta's entry into the Nordic region aligns with the increasing demand for resilient and efficient infrastructure solutions due to climate changes and European urbanization trends.
Sectors
- Private Equity
- Infrastructure
- Sustainability
Geography
- Nordic Region – No Dig Alliance operates primarily within Sweden, Norway, and Finland, marking the geographic focus and expansion area for Ambienta.
- Europe – Ambienta is expanding its pan-European strategy with the acquisition of No Dig Alliance, indicating a broader geographic focus.
Industry
- Private Equity – Ambienta's acquisition of a majority stake in No Dig Alliance characterizes activity within the Private Equity sector, focusing on sustainable investment opportunities in Europe.
- Infrastructure – No Dig Alliance offers trenchless technology solutions for water and sewage infrastructure, providing sustainable alternatives to traditional methods, relevant to the Infrastructure sector.
- Sustainability – Both Ambienta and No Dig Alliance prioritize sustainable investments and environmentally beneficial practices, contributing to the Sustainability industry.
Financials
- 100 billion euros – Estimated investment needed for water infrastructure upgrades in Europe over the next decade.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ambienta | Buyer/Private Equity Firm | Company | A European asset manager focused on investments in sustainability. |
| No Dig Alliance | Target Company | Company | A company providing trenchless technology solutions for water and sewage infrastructure. |
| Equip Capital | Vendor/Selling Company | Company | Previous owner of the majority stake in No Dig Alliance. |
| Clearwater | Financial Advisor | Company | Advised Ambienta on the acquisition transaction. |
| Mannheimer Swartling | Legal Advisor | Company | Provided legal advisory to Ambienta. |
| BCG | Consulting Advisor | Company | Provided strategic consulting services to Ambienta. |
| Deloitte | Financial and Tax Advisor | Company | Provided financial and tax advisory services. |
| Arup | Technical Advisor | Company | Provided technical advisory services on the transaction. |
| Mauro Roversi | Chief Investment Officer | Person | Founding partner at Ambienta. |