M&A Deal Summary

Turnitin Acquires Ouriginal

On March 15, 2021, Turnitin acquired information technology company Ouriginal from Procuritas Capital

Acquisition Highlights
  • This is Turnitin’s 1st transaction in the Information Technology sector.
  • This is Turnitin’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-03-15
Target Ouriginal
Sector Information Technology
Buyer(s) Turnitin
Sellers(s) Procuritas Capital
Deal Type Add-on Acquisition

Target

Ouriginal

Bromma, Sweden
Ouriginal delivers cutting-edge technology in the field of text-matching and plagiarism prevention. Their software helps enhance the potential of students to think originally, saves time for teachers when evaluating assignments, and assists businesses in preserving their reputation. Ouriginal is based in Bromma, Sweden.

Search 200,388 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Turnitin

Oakland, California, United States
Category Company
Founded 1997
Sector Internet Software and Services
DESCRIPTION

Turnitin is a provider of academic integrity and writing solutions and supports authentic work across the curriculum. Turnitin provides instructors with the tools to prevent plagiarism, engage students in the writing process, and provide personalized feedback. Turnitin was founded in 1997 and is based in Oakland, California.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Sweden) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 ExamSoft Worldwide

Boca Raton, Florida, United States

ExamSoft Worldwide, Inc. is a provider of computer-based testing software, designed specifically for high stakes and medium stakes exams. The company provides a highly reliable, turnkey solution to academic institutions and professional certification entities, with unparalleled customer service support. ExamSoft Worldwide was founded in 1998 and is based in Boca Raton, Florida.

Buy -

Seller(S) 1

SELLER

Procuritas Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1990 and is based in Stockholm.

DEAL STATS #
Overall 21 of 25
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 8 of 9
Country (Sweden) 12 of 13
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Polarn O. Pyret

Stockholm, Sweden

Polarn O. Pyret is a children's clothing brand that designs, produces, and distributes baby and childrenswear, and operates a chain of shops in Europe and the US. Polarn O. Pyret was founded in 1976 and is based in Stockholm, Sweden.

Buy kr330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-26 Pierce

Hagersten, Sweden

Pierce is an online retailer of gear, spare parts, and accessories for three key customer segments: motocross (24MX), on-road motorcycles (Xlmoto) and snowmobiles (Sledstore). Pierce was founded in 2009 and is based in Hagersten, Sweden.

Sell -
Mergr

Product

Company

Legal