M&A Deal Summary

GRO Capital Acquires Queue-it

On March 26, 2020, private equity firm GRO Capital acquired internet software and services company Queue-it

Acquisition Highlights
  • This is GRO Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is GRO Capital’s 8th transaction in Denmark.

M&A Deal Summary

Date 2020-03-26
Target Queue-it
Sector Internet Software and Services
Buyer(s) GRO Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Queue-it

Copenhagen, Denmark
Queue-it is a developer of virtual waiting room services to control website and app traffic surges by offloading visitors to an online queue. Its powerful SaaS platform enables enterprises around the globe to keep their systems online and visitors informed, capturing key sales and the online activity on their most business-critical days. The use of Queue-it has ensured online fairness during high-demand campaigns and activities for billions of consumers worldwide. Queue-it was founded in 2010 and is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

GRO Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

GRO Capital is a private investment firm focused on investments in growth technology companies operating in Northern Europe. GRO has a preference for B2B software companies with scalable business models that have reached profitability. GRO Capital was formed in 2014 and is based in Copenhagen.


DEAL STATS #
Overall 10 of 19
Sector: Internet Software and Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 6
Country: Denmark M&A 8 of 10
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Paligo

Solna, Sweden

Paligo is an enterprise-grade cloud-based Component Content Management System (CCMS) with powerful single-sourcing content reuse for technical documentation, training content, policies and procedures, and efficient knowledge management. Paligo was founded in 2015 and is based in Solna, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Boyum IT

Brabrand, Denmark

Boyum IT is a provider of manufacturing software for SAP Business One. Boyum IT Solutions is a Software Solutions Provider (SSP) delivering proprietary add-on solutions to SAP Business One applicable across all industries. Boyum IT was founded in 1997 and is based in Brabrand, Denmark.

Sell -