Buyout (LBO, MBO, MBI) • Software

Vaaka Partners Acquires Cloudpermit

On January 1, 2018, private equity firm Vaaka Partners acquired software company Cloudpermit

Acquisition Context
  • This is Vaaka Partners’ 1st transaction in the Software sector.
  • This is Vaaka Partners’ 1st transaction in Canada.
  • This is Vaaka Partners’ 1st transaction in Ontario.
Investment Fate
  • Cloudpermit was sold to a consortium of financial buyers in 2024.

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M&A Deal Summary

Date January 1, 2018
Target Cloudpermit
Sector Software
Buyer(s) Vaaka Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Cloudpermit

Toronto, Ontario, Canada
Cloudpermit is an online software solution for community development. As simple and smart software solutions, Cloudpermit empowers local governments, development communities, and the public with online land management processes. Cloudpermit is based in Toronto, Ontario.
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Buyer Overview 1

Buyer

Vaaka Partners

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 625M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Vaaka Partners is a Finnish private equity firm focused on buyouts of small and medium-sized Scandinavian businesses valued up to €100 million. The Firm does not have any sector preferences and targets companies with sales of €10 to €200 million. Vaaka was originally established in 1989 and was formerly a unit of Pohjola Bank plc. before becoming independent in 2010. Vaaka Partners is based in Helsinki.


Deal Context for Buyer #
Overall 28 of 38
Sector: Software 1 of 1
Type: Buyout (LBO, MBO, MBI) 21 of 27
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2018 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Jungle Juice Bar

Helsinki, Finland

Jungle Juice Bar is a smoothie bar chain specializing in healthy smoothies and juices made to order without any additives or added sugar. Jungle Juice Bar was founded in 2010 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Framery

Tampere, Finland

Framery is a provider of pods and office phone booths. The company's products include pods, phone booths and soundproof private spaces to solve noise and privacy issues in open offices, making employees happier and more productive in dozens of the world’s leading companies, including Microsoft, Puma, and Tesla. Framery was founded in 2010 and is based in Tampere, Finland.

Buy -