M&A Deal Summary

Credo Partners Acquires Evidi

On July 5, 2021, private equity firm Credo Partners acquired information technology company Evidi

Acquisition Highlights
  • This is Credo Partners’ 2nd transaction in the Information Technology sector.
  • This is Credo Partners’ 15th transaction in Norway.

M&A Deal Summary
Date 2021-07-05
Target Evidi
Sector Information Technology
Buyer(s) Credo Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Evidi

Asker, Norway
Evidi is the Nordic region's rawest competence environment for Microsoft technology. Evidi equip ambitious businesses to seize their opportunities through a holistic approach to people, processes and technology. Evidi is based in Asker, Norway.

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Buyer(S) 1

Buyer

Credo Partners

Oslo, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Credo Partners is a Norwegian investment- and advisory firm that focuses on value creation in companies where strategic repositioning and significant improvements in operations are critical success factors. Credo Partners have extensive top management experience from Norwegian and international industry, and specialize in profitability improvements in companies with clear improvement potential. Credo Partners was established in 2003 and is headquartered in Oslo, Norway.

DEAL STATS #
Overall 18 of 23
Sector (Information Technology) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 18 of 23
Country (Norway) 15 of 19
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Geia

Aalborg, Denmark

Geia is a provider of food concepts and products to Nordic grocery retail. Geia offers customers products that differentiate them from competitors and traditional brands and offers its 200+ global food-producing suppliers an effective sales channel to all the major grocery retailers in the Nordics. Geia was founded in 2014 and is based in Aalborg, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 SYSCO

Karmsund, Norway

SYSCO is an independent IT specialist and IT systems integrator for energy utilities. SYSCO provides services addressing the needs of a rapidly changing energy utility sector. SYSCO manages specialized industry software and has a particular strength within Oracle technology, which is the underlying platform for many utilities. SYSCO was founded in 2004 and is based in Karmsund, Norway.

Sell -
Mergr

Product

Company

Legal