M&A Deal Summary

Procuritas Capital Acquires Frendy

On June 16, 2021, private equity firm Procuritas Capital acquired information technology company Frendy

Acquisition Highlights
  • This is Procuritas Capital’s 2nd transaction in the Information Technology sector.
  • This is Procuritas Capital’s 4th transaction in Finland.

M&A Deal Summary
Date 2021-06-16
Target Frendy
Sector Information Technology
Buyer(s) Procuritas Capital
Deal Type Consolidation

Target

Frendy

Helsinki, Finland
Frendy is an IT service provider for SMEs. Frendy delivers IT support, IT security, equipment, networks, data center, and cloud services as well as document handling solutions via its local offices across the country. Frendy was founded in 2021 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

Procuritas Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1990 and is based in Stockholm.

DEAL STATS #
Overall 37 of 41
Sector (Information Technology) 2 of 2
Type (Consolidation) 3 of 3
Country (Finland) 4 of 4
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-21 SOFACOMPANY

Ringsted, Denmark

SOFACOMPANY sell affordable upholstery furniture with high design content through their own online platform in 10 countries, and in over 40 countries through other retailers, of which many focus on the online channel. Online sales are supported by physical showrooms in key locations. SOFACOMPANY was formed in 2008 and is based in Ringsted, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Dantherm

Skive, Denmark

Dantherm is a provider of climate control products and solutions. The company is designing and manufacturing high-quality and energy-efficient equipment for heating, cooling, drying, and ventilation for a wide range of mobile and fixed applications. Dantherm was formed in 1958 and is based in Skive, Denmark.

Sell -
Mergr

Product

Company

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