M&A Deal Summary

Stirling Square Capital Partners and KKR Acquire Infobric

On June 21, 2023, private equity firms Stirling Square Capital Partners and KKR acquired information technology company Infobric from Summa Equity

Acquisition Highlights
  • This is Stirling Square Capital Partners’ 2nd and KKR’s 23rd transaction in the Information Technology sector.
  • This is Stirling Square Capital Partners’ 4th and KKR’s 5th transaction in Sweden.

M&A Deal Summary

Date 2023-06-21
Target Infobric
Sector Information Technology
Buyer(s) Stirling Square Capital Partners
KKR
Sellers(s) Summa Equity
Deal Type Secondary Buyout

Target

Infobric

Jonkoping, Sweden
Infobric is a provider of software and hardware for attendance systems, access control, asset monitoring, and energy efficiency on construction sites. Infobric was founded in 2004 and is based in Jonkoping, Sweden.

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Buyer(S) 2

Buyer

Stirling Square Capital Partners

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Stirling Square Capital Partners is a private equity firm focused on control investments in mid-market businesses across Europe. Stirling looks for companies that offer potential for operational improvement and growth through organic expansion and cross border acquisitions. Targets companies are generally valued between €50 and €500 million. Sectors of interest include consumer and industrial products, business services, media and communications, pharmaceuticals/healthcare, and mature technology. Stirling Square Capital Partners was formed in 2002 and is located in London.


DEAL STATS #
Overall 34 of 35
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 9 of 10
Country: Sweden M&A 4 of 4
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Tapì

Padua, Italy

Tapì is a designer and producer of synthetic T Tops, which are mainly used for premium and super-premium spirit bottles. Tapì was formed in 1999 and is based in Padua, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 GTT

Alicante, Spain

GTT is a provider of software driving the management of tax collection and electronic administration for national, regional, and local public administrations. The company builds proprietary software that seeks to modernize public administration processes through technological innovation and digital transformation, providing them with technological, organizational, and management support solutions tailored to their specific requirements. GTT was founded in 1998 and is based in Alicante, Spain.

Buy -
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 456 of 499
Sector: Information Technology M&A 23 of 27
Type: Secondary Buyout M&A Deals 96 of 113
Country: Sweden M&A 5 of 6
Year: 2023 M&A 9 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Hilding Anders

Malmo, Sweden

Hilding Anders is a bed and mattress manufacturer which sells both branded and private-label products in over 40 markets and has delivered strong growth over the past decade. Hilding Anders was founded in 1939 and is based in Malmo, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-21 Chase

Westwood, Massachusetts, United States

Chase manufactures and sells protective materials for various applications in the United States and internationally. Chase was incorporated in 1946 and is based in Westwood, Massachusetts.

Buy $1.3B

Seller(S) 1

SELLER

Summa Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 14.0B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summa Equity is a private equity firm that looks to invest €10 to €50 million per transaction and pursues growing companies with significant business relations in the Nordic region. Summa Equity was formed in 2016 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 7 of 8
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Sweden M&A 4 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 LogPoint

Copenhagen, Denmark

LogPoint is a global cybersecurity innovator enables organizations to convert data into actionable intelligence supporting cybersecurity, compliance, IT operations, and business analytics. LogPoint was founded in 2001 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-15 Pagero

Gothenburg, Sweden

Pagero is a cloud-based platform that enables customers to send, receive, and handle documents electronically within the purchase-to-pay, order-to-cash and logistics-to-pay processes. Pagero was founded in 1999 and is based in Gothenburg, Sweden.

Sell -