M&A Deal Summary

Verdane and EQT Acquire Forsta

On March 10, 2021, growth capital firm Verdane and private equity firm EQT acquired software company Forsta

Acquisition Highlights
  • This is Verdane’s 13th and EQT’s 11th transaction in the Software sector.
  • This is Verdane’s 2nd and EQT’s 11th transaction in the United Kingdom.
Investment Fate
  • Forsta was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2021-03-10
Target Forsta
Sector Software
Buyer(s) Verdane
EQT
Deal Type Consolidation

Target

Forsta

London, United Kingdom
Forsta is a provider of customer experience and market research software and services to enterprise customers and market research professionals. Forsta is headquartered in London, United Kingdom.

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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 73 of 85
Sector: Software M&A 13 of 15
Type: Consolidation M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 4
Year: 2021 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 Confirmit

Oslo, Norway

Confirmit’s solutions are built by insights professionals, for insights professionals. Market Research, customer experience, and employee engagement consultants around the world rely on our solutions to turn insight into stories that fuel action. Confirmit was founded in 1996 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Fiksuruoka

Espoo, Finland

Fiksuruoka is a technology and e-commerce company that reduces food waste by selling surplus groceries through online store. Fiksuruoka helps its suppliers (food producers, importers, distributors, and wholesalers) to reduce food waste and on the other hand, Fiksuruoka offers an inexpensive and environmentally friendly way to buy products for customers. The product range consists of shelf-stable food and non-food items. Use of data and analytics in procurement, pricing, web development, optimizing customer acquisition, and developing outstanding customer experience are core competencies of Fiksuruoka. Fiksuruoka is based in Espoo, Finland.

Buy -
Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 248 of 320
Sector: Software M&A 11 of 15
Type: Consolidation M&A Deals 3 of 4
Country: United Kingdom M&A 11 of 20
Year: 2021 M&A 7 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 FocusVision

New York, New York, United States

FocusVision offers a comprehensive suite of experience insights software solutions including advanced surveys, online interviews, and focus groups, and online qualitative research community solutions to get brands close enough to their customers to have a full understanding of Customer Truth how they think, feel, and act. FocusVision was founded in 1990 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Desotec

Roeselare, Belgium

Desotec provides circular, mobile filtration solutions using activated carbon to help companies purify water, air, and soil. Their “Filtration-as-a-Service” model rents mobile filters, collects saturated filters for off-site reactivation, and then re-uses the carbon, reducing waste while helping clients meet environmental standards. Desotec was founded in 1990 and is based in Roeselare, Belgium.

Sell -