Investment Summary

Aars Invests In Iterate

On March 20, 2022, family office Aars invested in information technology company Iterate

Investment Highlights
  • This is Aars’ 2nd transaction in the Information Technology sector.
  • This is Aars’ 9th transaction in Norway.

Investment Summary

Date 2022-03-20
Target Iterate
Sector Information Technology
Investor(s) Aars
Deal Type Growth Capital

Target

Iterate

Oslo, Norway
Iterate is a company builder platform that has succeeded in creating an innovative and playful environment, where employees use their working time to both develop their own ideas, and solve customers' challenges. Furthermore, Iterate has built its own setup of tools for start-up companies. Iterate was founded in 2007 and is based in Oslo, Norway.

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Investor(S) 1

Investor
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 10 of 10
Sector: Information Technology M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 1
Country: Norway M&A 9 of 9
Year: 2022 M&A 1 of 1
PREVIOUS 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.

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