Investment Summary

Verdane and Prime Ventures Invest In Codenomicon Oy

On August 5, 2005, growth capital firm Verdane and venture capital firm Prime Ventures invested in software company Codenomicon Oy

Investment Highlights
  • This is Verdane’s 2nd and Prime Ventures’ 4th transaction in the Software sector.
  • This is Verdane’s 1st and Prime Ventures’ 1st transaction in Finland.
Investment Fate
  • Codenomicon Oy was sold to a strategic buyer in 2015.

Investment Summary

Date 2005-08-05
Target Codenomicon Oy
Sector Software
Investor(s) Verdane
Prime Ventures
Deal Type Venture

Target

Codenomicon Oy

OULU, Finland
Codenomicon Oy is well-known and highly respected in the global software security world with a focus on software embedded in chips and devices

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Investor(S) 2

Investor

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 4 of 85
Sector: Software M&A 2 of 15
Type: Venture M&A Deals 4 of 23
Country: Finland M&A 1 of 9
Year: 2005 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-02 Ikivo

Bromma, Sweden

Ikivo is a UI Solution that enables the rapid development of innovative user interfaces for any touch screen. Ikivo was formed in 1998 and is based in Bromma, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 TradeDoubler

Stockholm, Sweden

TradeDoubler is a global digital marketing company. TradeDoubler was founded in 1999 and is based in Stockholm, Sweden.

Sell -
Investor

Prime Ventures

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 750M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prime Ventures is a venture capital and growth equity firm focusing on investing in European companies in the technology and related industries. Prime is based in Amsterdam with an additional office in Cambridge.


DEAL STATS #
Overall 4 of 33
Sector: Software M&A 4 of 8
Type: Venture M&A Deals 4 of 19
Country: Finland M&A 1 of 1
Year: 2005 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-13 3mensio Medical Imaging BV

Bilthoven, Netherlands

3mensio Medical Imaging originally started developing advanced imaging software for the radiology department, which was based on 3D image reconstruction and analysis of standard CTA images.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 GlobalCollect BV

Hoofddorp, Netherlands

GlobalCollect BV is a payment service provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content.

Buy -