M&A Deal Summary

Foxway Acquires Lin Education

On April 16, 2019, Foxway acquired technology hardware company Lin Education from Summa Equity

Acquisition Highlights
  • This is Foxway’s 1st transaction in the Technology Hardware sector.
  • This is Foxway’s 1st transaction in Sweden.

M&A Deal Summary

Date 2019-04-16
Target Lin Education
Sector Technology Hardware
Buyer(s) Foxway
Sellers(s) Summa Equity
Deal Type Add-on Acquisition

Target

Lin Education

Göteborg, Sweden
Lin Education is an education technology company and distributor of IT hardware (i.e. computers, laptops, tablets) to Swedish schools with 200,000 digital tools used over 60 Swedish municipalities.

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Buyer(S) 1

Buyer

Foxway

Vaxjo, Sweden

Category Company
Founded 2009
Sector Information Technology
Employees1,290
DESCRIPTION

Foxway is a supplier of IT lifecycle management solutions for large corporations. Foxway enables large companies and institutions to manage their physical IT assets to maximizes their use and improve quality and efficiency. Foxway was founded in 2009 and is based in Vaxjo, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Summa Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 14.0B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summa Equity is a private equity firm that looks to invest €10 to €50 million per transaction and pursues growing companies with significant business relations in the Nordic region. Summa Equity was formed in 2016 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 8
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Sweden M&A 1 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Olink

Uppsala, Sweden

Olink provides leading solutions for advanced proteomics research and development, enabling biopharmaceutical companies and leading academic researchers to quickly and efficiently understand diseases at the protein level. Olink's proprietary technology, Proximity Extension Assay (PEA), enables high-throughput protein analysis for the very large installed base of qPCR and next-generation sequencing readout systems on the market. Olink was founded in 2016 and is based in Uppsala, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Sengenics

Singapore, Singapore

Sengenics is an operator of functional proteomics company that leverages its patented KREX technology to discover autoantibody biomarker signatures for prediction of drug response and severe immune-related adverse events (irAEs). KREX can also be used to identify autoantibody biomarkers that may be used to diagnose cancer, autoimmune, neurodegenerative, or infectious diseases with higher sensitivity and specificity than conventional diagnostic tests. Sengenics was founded in 2008 and is based in Singapore.

Buy -