M&A Deal Summary

Verdane Acquires Conexus AS

On May 13, 2019, growth capital firm Verdane acquired education company Conexus AS from Stroer

Acquisition Highlights
  • This is Verdane’s 2nd transaction in the Education sector.
  • This is Verdane’s 8th transaction in Norway.

M&A Deal Summary

Date 2019-05-13
Target Conexus AS
Sector Education
Buyer(s) Verdane
Sellers(s) Stroer
Deal Type Divestiture

Target

Conexus AS

Drammen, Norway
Formed in 2001, Conexus AS is a Norwegian EdTech company and supplier of systems for student follow-up to 90% of the primary and lower secondary schools in Norway.

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Buyer(S) 1

Buyer

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 61 of 85
Sector: Education M&A 2 of 3
Type: Divestiture M&A Deals 4 of 4
Country: Norway M&A 8 of 15
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Guardsquare

Leuven, Belgium

Guardsquare is a developer of premium software for the protection of mobile applications against reverse engineering and hacking. Guardsquare was founded in 2014 and is based in Leuven, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Educations Media Group

Stockholm, Sweden

Educations Media Group is a search engines for education and training. EMG works with 4,000 education providers in 40 countries and helps 2 million students find the right course for their needs among the 50,000 programs available each month. EMG was founded in 2000 and is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Stroer

Cologne, Germany

Category Company
Founded 1990
Sector Marketing
Employees11,869
Revenue 2.0B EUR (2024)
DESCRIPTION

Stroer is a German provider of out-of-home media and offers advertising customers individualized and fully integrated, end-to-end solutions along the entire marketing and sales value chain. Stroer was founded in 1990 and is based in Cologne, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 D+S Europe

Hamburg, Germany

D+S Europe specializing in e-commerce and customer contact management solutions for large enterprises, with operations in various countries and a focus on online shops for major brands. D+S Europe was founded in 1984 and is based in Hamburg, Germany.

Buy -