M&A Deal Summary

EQT Acquires Next One Technology

On December 20, 2023, private equity firm EQT acquired internet software and services company Next One Technology from Monterro

Acquisition Highlights
  • This is EQT’s 17th transaction in the Internet Software and Services sector.
  • This is EQT’s 53rd transaction in Sweden.

M&A Deal Summary

Date 2023-12-20
Target Next One Technology
Sector Internet Software and Services
Buyer(s) EQT
Sellers(s) Monterro
Deal Type Secondary Buyout

Target

Next One Technology

Linkoping, Sweden
Next One Technology develops and delivers the product, which is a fully cloud-based project and business management tool for construction, maintenance, and contractor business industries. Next One Technology is based in Linkoping, Sweden.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 292 of 318
Sector (Internet Software and Services) 17 of 21
Type (Secondary Buyout) 85 of 98
Country (Sweden) 53 of 55
Year (2023) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Zeus

Orangeburg, South Carolina, United States

Zeus is a polymer extrusion manufacturer that develops advanced components for medical devices used in minimally invasive, life-saving procedures. Zeus Industrial Products is based in Orangeburg, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 Indium

Cupertino, California, United States

Indium is a digital engineering company, focused on building modern solutions across applications, data, and gaming for its clients. With deep expertise in next-generation offerings combining data and applications, the company offers a wide range of services including product engineering, low-code development, data engineering, AI/ML, digital assurance, and end-to-end gaming tech. Indium Software is based in Cupertino, California.

Buy -

Seller(S) 1

SELLER

Monterro

Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 4.3B SEK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Moterro is a Swedish investment group that invests in and grows Nordic-based software companies. Moterro invests in enterprise, B2B-based companies past venture stage with proven products and potential to become a market leader in their niches. Monterro was established in 2012 and is headquartered in Stockholm.


DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 5 of 5
Country (Sweden) 8 of 8
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Hypergene

Malmo, Sweden

Hypergene is a developer of web-based planning, monitoring, and analysis products. It includes solutions for three distinctive segments, performance management, budget/forecast, and analytics and reporting. Hypergene was founded in 1999 and is based in Malmo, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Nimblr

Malmo, Sweden

Nimblr is a SaaS company and provides a platform designed to help organizations combat the ever-increasing threat of cyberattacks through enhanced security awareness. Nimblr was founded in 2019 and is based in Malmo, Sweden.

Buy -