Investment Summary

Eight Roads and Altor Equity Partners Invest In Tibber

On November 17, 2020, private equity firms Eight Roads and Altor Equity Partners invested in software company Tibber

Investment Highlights
  • This is Eight Roads’ 34th and Altor Equity Partners’ 2nd transaction in the Software sector.
  • This is Eight Roads’ 1st and Altor Equity Partners’ 19th transaction in Norway.

Investment Summary

Date 2020-11-17
Target Tibber
Sector Software
Investor(s) Eight Roads
Altor Equity Partners
Deal Type Venture

Target

Tibber

Forde, Norway
Tibber is a smart digital energy provider through its app that replaces traditional utilities with a digital energy deal and technology for smarter consumption of energy. The company's vision is to make sustainable energy consumption simple and affordable for all households, and its mission is to reduce the residential energy consumption for European households by 20%. Tibber was founded in 2016 and is based in Forde, Norway.

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Investor(S) 2

Investor

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 239 of 293
Sector: Software M&A 34 of 46
Type: Venture M&A Deals 216 of 266
Country: Norway M&A 1 of 1
Year: 2020 M&A 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-06 Pony.ai

Fremont, California, United States

Pony.ai is a technology company committed to revolutionizing transportation worldwide. The company engages in developing safe and reliable technology for autonomous vehicles. Pony.ai was founded in 2016 and is based in Fremont, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 Richcore Lifesciences

Bangalore, India

Richcore Lifesciences is an innovation-driven company focused on development and manufacture of industrial enzymes that have global relevance. Richcore Lifesciences was founded in 2005 and is based in Bengaluru, India.

Sell -
Investor

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 78 of 99
Sector: Software M&A 2 of 5
Type: Venture M&A Deals 1 of 1
Country: Norway M&A 19 of 20
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Gunnebo

Gothenburg, Sweden

Gunnebo is a provider of security solutions and services. Gunnebo focuses its offering on Bank Security & Cash Handling, Secure Storage, Entrance Control and Global Services. Gunnebo was founded in 1764 and is based in Gothenburg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Meltwater

San Francisco, California, United States

Meltwater is a provider of online intelligence solutions. Meltwater helps companies make better, more informed decisions based on insights from the outside. More than 25,000 companies use the Meltwater media intelligence platform to stay on top of billions of online conversations, extract relevant insights, and use them to strategically manage their brand and stay ahead of their competition. Meltwater was founded in 2001 and is based in San Francisco, California.

Sell -