M&A Deal Summary

Advania Acquires Visolit

On August 10, 2021, Advania acquired information technology company Visolit from IK Partners

Acquisition Highlights
  • This is Advania’s 6th transaction in the Information Technology sector.
  • This is Advania’s 1st transaction in Norway.

M&A Deal Summary

Date 2021-08-10
Target Visolit
Sector Information Technology
Buyer(s) Advania
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Visolit

Asker, Norway
Visolit is a technology group with a strong geographic presence in the Nordic region and an established partner for cloud services and digital transformation in the Nordic market. Visolit has a comprehensive portfolio of cloud-based end-to-end services, as well as consulting, security, and integration services. Visolit was founded in 1997 and is based in Asker, Norway.

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Buyer(S) 1

Buyer

Advania

Stockholm, Sweden

Category Company
Sector Software
DESCRIPTION

Advania is a provider of software, consulting, hardware, information technology operations, hosting, and data center services. Company pride ourselves in providing customers with a diverse but integrated range of solutions and services, a competent and innovative professional staff, and proven managerial skills. Advania is based in Stockholm, Sweden.


DEAL STATS #
Overall 10 of 20
Sector (Information Technology) 6 of 16
Type (Add-on Acquisition) 8 of 16
Country (Norway) 1 of 4
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Beveric

Espoo, Finland

Beveric is an IT company that provides IT consultation services and document management solutions for the private and public sectors. Beveric was founded in 1999 and is based in Espoo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Content+Cloud

London, United Kingdom

Content+Cloud is a technology services business, digital transformation partner, and Managed Services Provider (MSP). It is a Microsoft partner in the UK, operating across all 3 Microsoft clouds, including Modern Workplace, Azure, and Dynamics, Content+Cloud helps clients transform the way they operate, optimize the way their people work, and provides flexible and secure platforms on which to operate. Content+Cloud was founded in 1998 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 96 of 117
Sector (Information Technology) 2 of 6
Type (Add-on Acquisition) 36 of 41
Country (Norway) 6 of 6
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Blanchon Group

Saint-Priest, France

Blanchon Group is a manufacturer of wood finishes products for professionals and individuals. The Blanchon Group manufactures 7000 references sold under the Blanchon brand in professional distribution networks and the Syntilor brand in DIY stores. The Blanchon Group also produces varnishes for PVC floors for world leaders in flooring manufacturing. Present in several countries in Europe and in major export markets. Blanchon Group was founded in 1832 and is based in Saint-Priest, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 CONET Technologies

Hennef, Germany

CONET Technologies is an IT consulting, IT systems integration, and software development company that offers a range of services and solutions in software development, SAP consulting, IT infrastructure, and IP-based communications. CONET Technologies was founded in 1987 and is based in Hennef, Germany.

Buy -