M&A Deal Summary

Verdane and Vitruvian Partners Acquire EasyPark

On February 9, 2012, growth capital firm Verdane and private equity firm Vitruvian Partners acquired internet software and services company EasyPark

Acquisition Highlights
  • This is Verdane’s 6th and Vitruvian Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is Verdane’s 14th and Vitruvian Partners’ 2nd transaction in Sweden.

M&A Deal Summary

Date 2012-02-09
Target EasyPark
Sector Internet Software and Services
Buyer(s) Verdane
Vitruvian Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

EasyPark

Stockholm, Sweden
EasyPark is a global parking tech company, that helps drivers save time and money by finding and managing parking and electric vehicle charging. It allows businesses, parking operators, property owners and cities to administrate, plan and take data-driven decisions. EasyPark Group owns and develops the apps EasyPark, PARK NOW, ParkMobile, RingGo and Park-line and operates in over 3,200 cities across more than 20 countries. EasyPark was formed in 2001 and is based in Stockholm, Sweden.

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Buyer(S) 2

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 24 of 84
Sector (Internet Software and Services) 6 of 16
Type (Buyout (LBO, MBO, MBI)) 2 of 21
Country (Sweden) 14 of 37
Year (2012) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-08 Dolphin Software AS

Oslo, Norway

Dolphin Software AS is a software product and service providers in the contact center and workforce planning industry. Dolphin delivers complete solutions and consulting services to both the private and public sectors, in order from small to large contact centers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-04 Osterby Marine

Österbybruk, Sweden

Osterby Marine is a metal casting company focused on stainless and super alloyed steel products. Osterby Marine was formed in 1952 and is based in Österbybruk, Sweden.

Buy -
Buyer

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 11 of 67
Sector (Internet Software and Services) 2 of 18
Type (Buyout (LBO, MBO, MBI)) 4 of 12
Country (Sweden) 2 of 10
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-11 Instinctif Partners

London, United Kingdom

Instinctif Partners is an international business communications consultancy providing financial and corporate communications, public policy, audience engagement, etc. Instinctif Partners was founded in 2007 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 JUST EAT

London, United Kingdom

JUST EAT plc is a provider of online takeaway ordering service. JUST EAT was founded in 2001 and is headquartered in London, the United Kingdom.

Buy -