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M&A Deal Summary

VIA equity, IK Partners and Goldman Sachs Merchant Banking Acquire Advania

On August 4, 2018, private equity firms VIA equity, IK Partners and Goldman Sachs Merchant Banking acquired software company Advania from Nordic Mezzanine

Acquisition Highlights
  • This is VIA equity’s 8th, IK Partners’ 1st and Goldman Sachs Merchant Banking’s 14th transaction in the Software sector.
  • This is VIA equity’s 4th, IK Partners’ 31st and Goldman Sachs Merchant Banking’s 2nd transaction in Sweden.

M&A Deal Summary
Date 2018-08-04
Target Advania
Sector Software
Buyer(s) VIA equity
IK Partners
Goldman Sachs Merchant Banking
Sellers(s) Nordic Mezzanine
Deal Type Secondary Buyout

Target

Advania

Stockholm, Sweden
Advania is a provider of software, consulting, hardware, information technology operations, hosting, and data center services. The company specializes in providing customers with a diverse but integrated range of solutions and services, a competent and innovative professional staff, and proven managerial skills. Advania is based in Stockholm, Sweden.

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Buyer(S) 3

Buyer

VIA equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

VIA equity a/s is a private equity firm focused on buyouts and growth capital investments in Northern European companies. VIA can commit up to €35 million per investment and seeks companies generating revenues of €10 to €100 million. VIA will consider investing across a range of sectors, however, the Firm prefers opportunities in the technology, media, and telecom industries. VIA equity was formed in 2006 and is based in Hellerup, Denmark.

DEAL STATS #
Overall 29 of 44
Sector (Software) 8 of 15
Type (Secondary Buyout) 3 of 3
Country (Sweden) 4 of 5
Year (2018) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 GleSYS

Falkenberg, Sweden

GleSYS is a Cloud and IT Infrastructure as a Service company that provides dedicated and cloud server solutions to businesses worldwide. GleSYS was formed in 1999 and is based in Falkenberg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 C&B

Taastrup, Denmark

C&B is a supplier of enterprise software to the real estate agency industry offering a complete palette of functionalities enabling a one-point entry for real estate agents in every individual estate project. The solution includes CRM, process management, digital documentation, standardized website setup among others. C&B was formed in 1978 and is based in Taastrup, Denmark.

Buy -
Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.

DEAL STATS #
Overall 125 of 187
Sector (Software) 1 of 4
Type (Secondary Buyout) 42 of 73
Country (Sweden) 31 of 39
Year (2018) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 BioBank

Lieusaint, France

BioBank is a human origin bone bank who provide services from bone collection (femoral heads) to transformation, and then the distribution of virally inactivated and sterile bone grafts used in orthopaedic and dental surgery. BioBank was founded in 1999 and is based in Lieusaint, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Transnorm Beteiligungen

Hildesheim, Germany

Transnorm Beteiligungen GmbH is a manufacturer of specialty logistics and material handling conveying components and systems and is the current market leader in conveyor belt curve engineering and production.

Sell €425M
Buyer

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 153 of 188
Sector (Software) 14 of 15
Type (Secondary Buyout) 51 of 68
Country (Sweden) 2 of 2
Year (2018) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 U.S. Security Associates

Roswell, Georgia, United States

U.S. Security Associates, Inc. is a security and facility services company with over 160,000 employees, provides unparalleled security services and solutions. With headquarters in Santa Ana, Calif., and Conshohocken, Pa., Allied Universal combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients’ success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 60 years. Through our people and leading services, systems and solutions.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 SugarCRM

Cupertino, California, United States

SugarCRM is a CX (customer experience) platform, enabling businesses to create profitable customer relationships by delivering highly relevant, personalized experiences throughout the customer journey. The easy-to-use, intuitive platform makes CX easy and accessible for everyone, allowing marketing, sales and services professionals to focus on high-impact, value-adding activities that create customers for life. SugarCRM was founded in 2004 and is based in Cupertino, California.

Sell -

Seller(S) 1

SELLER

Nordic Mezzanine

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 480M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nordic Mezzanine is an independent provider of mezzanine financing for buyouts, growth capital needs, and capital restructurings. Nordic will consider opportunities in a broad range of industry sectors and generally looks to invest in Scandinavia, Germany, Austria, Switzerland, the Netherlands and Belgium. The Firm's target investment size is €10 to €40 million. Nordic Mezzanine was formed in 1999 and is based in Helsinki with an additional office in London.

DEAL STATS #
Overall 19 of 26
Sector (Software) 1 of 1
Type (Secondary Buyout) 9 of 10
Country (Sweden) 6 of 8
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 WLW

Hamburg, Germany

WLW is an online B2B search engine in the DACH region. WLW offers suppliers a dedicated platform to present themselves and their products or services of professional buyers and found to be fast and efficient. WLW was established in 1995 and is based in Hamburg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Riri

Mendrisio, Switzerland

Riri is a manufacturer of zippers and buttons for the luxury and accessories industry. It offers zippers, jeans buttons, press snaps and buttons, rivets, clips, technical products, tape colors, and puller design solutions, as well as systems for the opening and closure of garments. Riri was established in 1936 and is based in Mendrisio, Switzerland.

Sell -
Mergr

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