The portfolio includes companies such as Compricer, a price comparison tool for insurance and mortgages, the petfood website Foderbilen and Reseguiden, a travel website.
Verdane funds have with this transaction invested in over 20 e-commerce firms over the past 6 years. Some of its most notable success stories have been Tradedoubler and Dibs that were sold in 2006 and 2010 respectively. The funds are currently owners of Bythjul, Lenson, Mathem, Outnet and another 10 companies.
“We are seeing a global migration to online markets, with typical growth rates in the EU-countries of between 10% and 30% annually” says Staffan Mörndal, Partner at Verdane Capital Advisors. “We have built considerable experience through Verdane Funds’ investments in the space and the geographic footprint has allowed us to help build a number of local market leaders into strong Nordic players.”