Investment Summary

Alfvén & Didrikson and Battery Ventures Invest In Quinyx

On August 15, 2014, growth capital firm Alfvén & Didrikson and private equity firm Battery Ventures invested in internet software and services company Quinyx

Investment Highlights
  • This is Alfvén & Didrikson’s 2nd and Battery Ventures’ 10th transaction in the Internet Software and Services sector.
  • This is Alfvén & Didrikson’s 6th and Battery Ventures’ 2nd transaction in Sweden.

Investment Summary

Date 2014-08-15
Target Quinyx
Sector Internet Software and Services
Investor(s) Alfvén & Didrikson
Battery Ventures
Deal Type Growth Capital
Advisor(s) EOC Partners LLP (Financial)

Target

Quinyx

Stockholm, Sweden
Quinyx is a provider of cloud-based software supplier of workforce management solutions. Quinyx was formed in 2005 and is based in Stockholm, Sweden.

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Investor(S) 2

DESCRIPTION

Alfvén & Didrikson is a growth-stage investment firm focused on small to mid-sized company investments in Northern Europe. The Firm will consider minority or majority positions and seeks situations where the team can add significant value. Alfvén & Didrikson was formed in 2010 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 6 of 21
Sector: Internet Software and Services M&A 2 of 11
Type: Growth Capital M&A Deals 5 of 13
Country: Sweden M&A 6 of 18
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Glue Home

Halmstad, Sweden

Glue Home is a manufacturer of smart locks and offers a mobile application for unlocking Glue locks. Glue Home is based in Halmstad, Sweden.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-18 Acast

Stockholm, Sweden

Acast is a curated platform for podcasts that connects listeners, creators, and advertisers in a fully integrated, one-stop shop. Acast was founded in 2014 and is based in Stockholm, Sweden.

Buy -
Investor

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 57 of 118
Sector: Internet Software and Services M&A 10 of 21
Type: Growth Capital M&A Deals 19 of 37
Country: Sweden M&A 2 of 2
Year: 2014 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Vero Software

Cheltenham, United Kingdom

Vero is a provider of Computer Aided Design (“CAD”), Computer Aided Manufacturing (“CAM”) and Computer Aided Engineering solutions for the tooling industry with a specific focus on plastic injection moulds, sheet metal stamping dies, multi-axis milling, laser cutting and wire EDM.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-25 James Heal

Halifax, United Kingdom

James Heal has been serving the textile industry for more than 140 years. Specialising in the design and manufacture of textile testing laboratory instruments and Test Materials, the precision engineering company's products are made all under one roof and entirely in the UK. The company supply equipment to textile and garment manufacturers worldwide, many of whom supply retailers renowned for high quality standards including Next, Marks & Spencer, Louis Vuitton, and the majority of the world's major car manufacturers. James Heal products and services are sold in over 60 countries worldwide, through an extensive network of exclusive local agents and distributors. James Heal was founded in 1872 and is based in Halifax, United Kingdom.

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