M&A Deal Summary

Vitruvian Partners Acquires Benify

On June 29, 2011, private equity firm Vitruvian Partners acquired internet software and services company Benify

Acquisition Highlights
  • This is Vitruvian Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Vitruvian Partners’ 1st transaction in Sweden.
Investment Fate
  • Benify was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2011-06-29
Target Benify
Sector Internet Software and Services
Buyer(s) Vitruvian Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Benify

Stockholm, Sweden
Benify is a provider of web-based total compensation management software and services to the Nordic market. The platform enables companies to communicate the full value of compensation and benefits to their employees, whilst at the same time simplifying and automating much of the associated administration by connecting directly into the systems of a broad range of benefits suppliers. Benify was formed in 2004 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B 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 €40 to €600 million in transactions valued between €75m to €4bn. 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 9 of 69
Sector: Internet Software and Services M&A 1 of 18
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 12
Country: Sweden M&A 1 of 10
Year: 2011 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Peach

London, United Kingdom

Peach is a technology business automating the distribution workflow and delivery of advertisements from ad agencies & production companies to broadcasters and the online video industry. Peach was founded in 1996 and is based in London, United Kingdom.

Buy -
FOLLOWING 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 -