M&A Deal Summary

CVC Capital Partners Acquires twoday

On June 16, 2022, private equity firm CVC Capital Partners acquired information technology company twoday from Visma

Acquisition Highlights
  • This is CVC Capital Partners’ 11th transaction in the Information Technology sector.
  • This is CVC Capital Partners’ 7th transaction in Denmark.

M&A Deal Summary

Date 2022-06-16
Target twoday
Sector Information Technology
Buyer(s) CVC Capital Partners
Sellers(s) Visma
Deal Type Divestiture

Target

twoday

Copenhagen, Denmark
twoday is a provider of digital IT consulting and software solutions in the Nordics. twoday is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 308 of 323
Sector (Information Technology) 11 of 12
Type (Divestiture) 37 of 39
Country (Denmark) 7 of 8
Year (2022) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Quality Group

Elmshorn, Germany

Quality Group is a manufacturer of innovative sports performance nutrition products and healthy, low-sugar food alternatives in the DACH region. Quality Group was formed in 2020 and is headquartered in Elmshorn, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 Spectrum Medical

Gloucester, United Kingdom

Spectrum Medical supplies Clinical Information Solutions that include Medical Device Connectivity Technologies, Electronic Medical Record Systems, Telemedicine Capabilities and Compliance, and Patient Safety Solutions. It also supplies Non-invasive Diagnostics Systems for extracorporeal procedures. Spectrum Medical was formed in 2006 and is based in Gloucester, United Kingdom.

Buy -

Seller(S) 1

SELLER

Visma

Oslo, Norway

Category Company
Founded 1985
Sector Software
Revenue 5.1B NOK (2013)
DESCRIPTION

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 3 of 3
Type (Divestiture) 4 of 4
Country (Denmark) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Lyanthe

Echt, Netherlands

Lyanthe offers unique solutions to quickly and easily switch to digital bookkeeping. Lyanthe offers 'scan and recognize' services for bookkeeping programs, has an in-house workflow and administration platform for accountants, and develops bookkeeping software for banks. Lyanthe was launched in 2012 and is based in Echt, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-25 Silverfin

Gent, Belgium

Silverfin is a cloud platform for accountants that improves the efficiency, competitiveness and profitability of compliance services, and powers the development and delivery of advisory services. Silverfin was founded in 2013 and is based in Gent, Belgium.

Buy -