Investment Summary

GRO Capital and Kirk Kapital A/S Invest In Promon

On December 28, 2021, private equity firm GRO Capital and family office Kirk Kapital A/S invested in information technology company Promon

Investment Highlights
  • This is GRO Capital’s 5th and Kirk Kapital A/S’s 2nd transaction in the Information Technology sector.
  • This is GRO Capital’s 1st and Kirk Kapital A/S’s 1st transaction in Norway.

Investment Summary

Date 2021-12-28
Target Promon
Sector Information Technology
Investor(s) GRO Capital
Kirk Kapital A/S
Deal Type Growth Capital

Target

Promon

Oslo, Norway
Promon offers unparalleled next-gen application protection and shielding technology safeguarding applications used on +300m devices globally from malware attacks and application tampering. Promon SHIELDTM extends security beyond the downloaded application and proactively detects and blocks potential security threats at rest and at runtime. Promon was founded in 2006 and is based in Oslo, Norway.

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Investor(S) 2

Investor

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 15 of 19
Sector: Information Technology M&A 5 of 6
Type: Growth Capital M&A Deals 7 of 9
Country: Norway M&A 1 of 2
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Secomea

Herlev, Denmark

Secomea is a provider of secure remote maintenance industrial IoT solutions used by manufacturers, machine builders and integrators globally. The company has developed a solution that combines data collection and remote access in one simple platform, enabling machine administrators to perform all aspects of corrective, preventive and predictive maintenance. Secomea was founded in 2008 and is based in Herlev, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-15 Netigate

Stockholm, Sweden

Netigate is an experience management platform offering a complete solution for both customer and employee feedback. It offers a powerful and flexible tool to collect feedback from employees and customers. Netigate was formed in 2005 and is based in Stockholm, Sweden.

Buy -
Investor
DESCRIPTION

Kirk Kapital A/S is family backed investment firm established by the descendants of Ole Kirk Kristiansen, the founder of the LEGO toy company. Kirk Capital was formed in 2007 and is headquartered in Vejle, Denmark.


DEAL STATS #
Overall 4 of 6
Sector: Information Technology M&A 2 of 2
Type: Growth Capital M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Ellepot

Esbjerg, Denmark

Ellepot develops, produces, and sells propagation systems to young plant growers within the pot and bedding, vegetables, and forest industries. Ellepot's own system, Ellepot, secures a faster, more powerful, and uniform sprouting, while the growers achieve significantly more efficient and flexible production. Ellepot was founded in 1993 and is based in Esbjerg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-24 Mobilhouse

Fredericia, Denmark

Mobilhouse manufactures, sells, and leases modular buildings that can be used for offices, schools, student housing, temporary accommodation, and on building sites. Mobilhouse was founded in 1961 and is based in Fredericia, Denmark.

Buy -