M&A Deal Summary

Aars Acquires Onitio

On July 5, 2018, family office Aars acquired information technology company Onitio from CapMan and Segulah Advisor AB

Acquisition Highlights
  • This is Aars’ 1st transaction in the Information Technology sector.
  • This is Aars’ 7th transaction in Norway.

M&A Deal Summary

Date 2018-07-05
Target Onitio
Sector Information Technology
Buyer(s) Aars
Sellers(s) CapMan
Segulah Advisor AB
Deal Type Secondary Buyout

Target

Onitio

Kristiansand, Norway
website
Onitio supplies installation, support and maintenance of IT and technological equipment throughout the Nordic region. Onitio was founded in 1986 and is based in Kristiansand, Norway.

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Buyer(S) 1

DESCRIPTION

Aars is a family-backed private investment firm focused on a variety of direct and other alternative investments. The Firm's direct investment group is sector agnostic and will consider opportunities throughout Scandinavia. Aars looks for businesses with strong company cultures and situations where strategic expertise can help with growth. Aars was originally established in 1936 and is based in Oslo, Norway.


DEAL STATS #
Overall 8 of 10
Sector (Information Technology) 1 of 2
Type (Secondary Buyout) 2 of 2
Country (Norway) 7 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Brandstad Drift AS

Oslo, Norway

Brandstad Drift AS is a men's retail apparel company offering stylish authors Lee, Diesel, Scotch & Soda, Lyle & Scott, Pori, Dovre, Saddler, Happy Socks, Superdry, Tommy Hilfiger and Hugo Boss.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 OneCo

Kristiansand, Norway

OneCo is an industrial group with core activities in electronics, automation, electricity and telecom. The company carries out projects, operations, maintenance and emergency response throughout Norway. OneCo was founded in 2011 and is based in Kristiansand, Norway.

Buy -

Seller(S) 2

SELLER

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.


DEAL STATS #
Overall 21 of 33
Sector (Information Technology) 3 of 3
Type (Secondary Buyout) 9 of 11
Country (Norway) 3 of 5
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 The North Alliance

Oslo, Norway

The North Alliance AS is an integrated range of services within design, communications, and technology. The North Alliance AS was founded in 2014 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-14 Fluido Oy

Espoo, Finland

Fluido Oy is a salesforce advisor and consulting partner provides cloud consulting, implementation and training services. Fluido’s headquarters are in Espoo, Finland, with additional offices in Denmark, Norway, Slovakia and Sweden.

Sell -
SELLER

Segulah Advisor AB

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 11.1B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Segulah Advisor AB is a Swedish private equity firm focused on buyouts of mid-sized companies throughout Scandinavia. Segulah seeks profitable companies with defensible market positions, strong development potential, and experienced management. The Firm targets companies with annual revenues upto SEK 2 billion. Segulah Advisor AB was formed in 1994 and is based in Stockholm.


DEAL STATS #
Overall 31 of 40
Sector (Information Technology) 3 of 4
Type (Secondary Buyout) 6 of 7
Country (Norway) 2 of 2
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Pelly System

Jönköping, Sweden

Pelly System is a provider of flexible storage solutions for consumers and for the kitchen, bathroom and wardrobe industry in the Nordic region. Pelly System was founded in 1940 and is based in Jönköping, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Conapto

Stockholm, Sweden

Conapto operates two data centers and one recovery site in the Stockholm area. The business has developed from primarily offering disaster recovery services to focusing on premium colocation services and offering related solutions such as connectivity and cloud access. Conapto is based in Stockholm, Sweden.

Buy -