M&A Deal Summary

KMD A/S Acquires Banqsoft AS

On July 20, 2015, KMD A/S acquired financial services company Banqsoft AS from Verdane

Acquisition Highlights
  • This is KMD A/S’s 1st transaction in the Financial Services sector.
  • This is KMD A/S’s 1st transaction in Norway.

M&A Deal Summary
Date 2015-07-20
Target Banqsoft AS
Sector Financial Services
Buyer(s) KMD A/S
Sellers(s) Verdane
Deal Type Add-on Acquisition

Target

Banqsoft AS

Oslo, Norway
Banqsoft AS developer of software for the financial sector.

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Buyer(S) 1

Buyer

KMD A/S

Ballerup, Denmark
Category Company
Founded 1972
Sector Information Technology
Employees3,200
Revenue 4.3B DKK (2011)
DESCRIPTION

KMD A/S is a provider of IT software solutions and services to the Danish municipalities and central government. KMD was formed in 1972 and is based in Ballerup, Denmark.

DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Norway) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Scanjour

Frederiksberg, Denmark

Scanjour is a software provider of integrated Document and Records Management Systems for the public sector and the utility industry. Scanjour is based in Frederiksberg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 UVdata A/S

Norresundby, Denmark

UVdata A/S is a provider of software products for education industry. UVdata was formed in 2004 and is based in Norresundby, Denmark.

Buy -

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.

DEAL STATS #
Overall 30 of 46
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 23 of 32
Country (Norway) 11 of 15
Year (2015) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 Troux Technologies

Austin, Texas, United States

Troux Technologies, Inc. is a provider of business technology management and enterprise architecture (EA) software solutions. Troux solutions, powered by the unique TrouxView™ Enterprise Portfolio Management approach, delivers value to high priority business programs fast; by saving money, reducing risk andincreasing business agility.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-18 Vaadin

Turku, Finland

Vaadin is a provider of web application development tools. The Company comes with a big set of web components that are fine-tuned for UX, performance, and accessibility, letting you build great-looking apps faster. Vaadin was launched in 2000 and is headquartered in Turku, Finland.

Buy -
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