M&A Deal Summary

Greystone Capital AS Acquires Progressive

On July 21, 2011, private equity firm Greystone Capital AS acquired information technology company Progressive

Acquisition Highlights
  • This is Greystone Capital AS’s 1st transaction in the Information Technology sector.
  • This is Greystone Capital AS’s 3rd transaction in Denmark.

M&A Deal Summary

Date 2011-07-21
Target Progressive
Sector Information Technology
Buyer(s) Greystone Capital AS
Deal Type Buyout (LBO, MBO, MBI)

Target

Progressive

Herlev, Denmark
Progressive is a provider of IT infrastructure as well as the implementation of Share Point, CRM, and Project-based solutions from Microsoft to medium-sized enterprises. Progressive was founded in 2000 and is based in Herlev, Denmark.

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Buyer(S) 1

Buyer

Greystone Capital AS

Copenhagen, Denmark

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Greystone Capital AS is a private investment firm focused on buyouts and special situation investments in Denmark. Greystone is a long-term investor and typically partners with management teams in acquiring companies. Greystone looks to invest €1 to €20 million per transaction and will consider both majority and minority positions. The Firm does not have any sector preferences. Greystone Capital AS was formed in 2007 and is based in Copenhagen.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
Country: Denmark M&A 3 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-30 Olivers

Glostrup, Denmark

Olivers is a provider of premium dog and cat food and accessories. Olivers was founded in 1998 and is based in Glostrup, Denmark.

Buy -