M&A Deal Summary

Viking Venture Acquires Grade

On July 9, 2021, growth capital firm Viking Venture acquired information technology company Grade from Monterro

Acquisition Highlights
  • This is Viking Venture’s 3rd transaction in the Information Technology sector.
  • This is Viking Venture’s 3rd transaction in Sweden.

M&A Deal Summary
Date 2021-07-09
Target Grade
Sector Information Technology
Buyer(s) Viking Venture
Sellers(s) Monterro
Deal Type Secondary Buyout

Target

Grade

Lund, Sweden
Grade is a provider of Learning Management System (“LMS”) and e-learning solutions to larger corporations and universities. Grade is based in Lund, Sweden.

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Buyer(S) 1

Buyer

Viking Venture

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
PE ASSETS 4.0B NOK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Viking Venture is a early to later stage investment firm that looks to invest in fast-growing Scandinavian start-ups. The Firm has a preference for B2B software companies looking to expand operations globally. Viking Venture was formed in 2001 and is headquartered in Trondheim, Norway.

DEAL STATS #
Overall 9 of 16
Sector (Information Technology) 3 of 4
Type (Secondary Buyout) 1 of 1
Country (Sweden) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Encodify

Odense, Denmark

Encodify is a global SaaS technology service and a market leader in Marketing Work Management. Based on their no-code technology, they have since built industry-leading best-practice MWM solutions, allowing all stakeholders in the marketing value chain to collaborate efficiently. Today they are setting new standards by converging DAM/PIM (Content Hub), workflow, proofing, and project management tools to help clients innovate and optimise their work. Encodify was founded in 2001 and is based in Odense, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 WorkPoint

Esbjerg, Denmark

WorkPoint is a Software-as-a-Service (SaaS) company offering a platform for information and knowledge management embedded in Microsoft 365. WorkPoint is based in Esbjerg, Denmark.

Buy -

Seller(S) 1

SELLER

Monterro

Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 4.3B SEK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Moterro is a Swedish investment group that invests in and grows Nordic-based software companies. Moterro invests in enterprise, B2B-based companies past venture stage with proven products and potential to become a market leader in their niches. Monterro was established in 2012 and is headquartered in Stockholm.

DEAL STATS #
Overall 3 of 8
Sector (Information Technology) 1 of 2
Type (Secondary Buyout) 2 of 5
Country (Sweden) 3 of 8
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Rillion

Stockholm, Sweden

Rillion is an Accounts Payable automation (AP Automation) software company offering procure-to-pay and digital invoice processing solutions for the SME and mid-market segments. Rillion was founded in 1993 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Umbraco

Odense, Denmark

Umbraco offers a user-friendly best-of-breed platform for content management (CMS) based on open-source technology. With more than 700,000 installations, Umbraco is one of the most deployed Web Content Management Systems on the Microsoft stack. Umbraco was founded in 2005 and is based in Odense, Denmark.

Buy -
Mergr

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