BlueBull advises Electronic IDentification shareholders on its sale to Signicat

About the transaction

BlueBull acted as the exclusive financial advisor to the partners of Electronic IDentification on the sale to Signicat, an European competitor backed by the private equity fund Nordic Capital, designing a tailor-made process in line with the shareholders’ objectives.

Electronic IDentification is the world’s leading provider of remote identification systems via streaming video. Signicat’s strategic acquisition of EID marks the entry of Nordic Capital’s platform in Southern Europe.

Signicat is the leading company in the Digital Trust sector in Europe. It provides a software solution, which consists of an integration point for all digital customer identification needs, such as onboarding and electronic signature processes, among others. The company is part of Nordic Capital’s portfolio, which is building the leading European platform in the Digital Trust sector.

About IDentification

Electronic IDentification logo









Founded in 2013, Electronic IDentification (EID) is a leading enterprise software provider in the Digital Trust sector. Its services include digital identification and electronic signature. One of its main services combines streaming video and Artificial Intelligence, which makes it possible to identify people in seconds through any device.

The services of Video IDentification, Electronic Signature and Facial Biometric Authentication, allow to digitally transform companies in any sector, reducing the costs of customer onboarding.

About Signicat

signicat logo







Signicat is a digital identity software platform that incorporates identity verification and authentication systems, all accessible through a single point of integration. Founded in 2007, it has more than 500 customers and a strong presence in the financial sector.

The platform supports the entire identification journey, from recognition, through login and consent, to the establishment of commercial agreements.

The company has more than 240 employees and has offices in Norway, Sweden, Finland, Denmark, the UK, Germany, the Netherlands and Portugal.

About Nordic Capital






Nordic Capital Fund X

Nordic Capital is a leading European private equity firm, founded in 1989, with a focus on sectors such as healthcare, technology, payments, financial services, industrial and business services.

Since its inception, Nordic Capital has invested EUR 17 billion in more than 120 companies. The most recent fund is Nordic Capital Fund X, which has €6.1 billion of committed capital, mainly from international institutional investors.

Leader in the sector Digital Trust in Southern Europe

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