Investment Summary

Progressus Management and EV Private Equity Exits Safran

On September 30, 2021, JDM Technology Group invested in software company Safran from Progressus Management and EV Private Equity

Investment Highlights
  • This is JDM Technology Group’s 13th transaction in the Software sector.
  • This is JDM Technology Group’s 1st transaction in Norway.

Investment Summary

Date 2021-09-30
Target Safran
Sector Software
Investor(s) JDM Technology Group
Sellers(s) Progressus Management
EV Private Equity
Deal Type Add-on Acquisition

Target

Safran

Stavanger, Norway
Safran is a risk, project, and portfolio management software company. Safran has a client portfolio of Fortune 500 Global customers, many from the Engineering & Construction, Energy, and Infrastructure & Transportation sectors, and new customers have been signed up globally both directly and through international partners and resellers. Safran was established in 1997 and is based in Stavanger, Norway.

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Investor(S) 1

Investor

JDM Technology Group

Vancouver, British Columbia, Canada

Category Company
Founded 1981
Sector Software
DESCRIPTION

JDM Technology Group is a developer of operational and accounting software for the engineering, construction and manufacturing industries.


DEAL STATS #
Overall 14 of 27
Sector: Software M&A 13 of 25
Type: Add-on Acquisition M&A Deals 13 of 26
Country: Norway M&A 1 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Spearhead Software

Kelmscott, Australia

Spearhead Software is a provider of estimating, tendering, and calculation software for the Australian electrical industry. Spearhead’s products, calculation software PowerPac, estimating software Espro, quoting software QuoteMate, and LabourCalc for labor cost estimating support thousands of contractor, designer, and engineer users. Spearhead Software was founded in 1987 and is based in Kelmscott, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Builder Software Tools

Ottawa, Ontario, Canada

Builder Software Tools is a provider of ERP software for new home and condo builders. Their software solutions help homebuilders streamline processes, gain efficiencies, and deliver superior customer service throughout the entire project life cycle. Builder Software Tools is based in Ottawa, Ontario.

Buy -

Seller(S) 2

SELLER

Progressus Management

Stavanger, Norway

Category Private Equity Firm
Founded 2006
PE ASSETS 550M NOK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Progressus Management AS is a Norwegian private equity firm focused on investments in proven businesses that are past the initial establishment phase. The Firm looks for platform businesses poised for significant growth. Progressues invests in public and private companies and looks to commit 20 to 120 million NOK per transaction. The Firm will consider investing in a wide range of sectors, including IT/technology, energy, and manufacturing sectors. Progressus is an 'hands on' investor and generally seeks controlling positions. Progressus Management AS was formed in 2006 and is based in Stavanger.


DEAL STATS #
Overall 3 of 4
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Norway M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-04 Viju

Amsterdam, Netherlands

Viju is a global visual communications specialist, whose aim is to transform the way people communicate and collaborate in the workplace. Their solutions and services include video conferencing, audio visual integration and unified communications and collaboration. Viju was founded in 1998 and is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Add Energy Group

Stavanger, Norway

Add Energy Group is a provider of consulting and software solutions for unlocking efficiencies and improving uptime in the oil and gas sector. Add Energy Group was established in 1986 and is based in Stavanger, Norway.

Sell -
SELLER

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.


DEAL STATS #
Overall 23 of 33
Sector: Software M&A 2 of 4
Type: Add-on Acquisition M&A Deals 17 of 24
Country: Norway M&A 10 of 12
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 Trainor

Tønsberg, Norway

Trainor is an international professional service company providing consultancy technical training and qualified personnel worldwide. Its areas of expertise are electrical safety, automation, and processes within oil and gas. Trainor was formed in 1996 and is headquartered in Tønsberg, Norway, with offices in China, Singapore, Vietnam, South Korea, and Myanmar.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Evolution Engineering

Calgary, Alberta, Canada

Evolution Engineering is a provider of products and engineering services to the measurement while drilling market. Building upon its patented and proven Unified Telemetry platform, Evolution delivers purpose-built MWD products that exceed today’s drilling requirements for performance and reliability. Evolution Engineering was founded in 2011 and is based in Calgary, Alberta.

Sell -