Verdane buys shares in five companies from Sequent Invest
Stockholm/Copenhagen — Verdane Capital VIII (Verdane) has bought shares in five companies within facility management, construction engineering and point of sales systems for restaurants. Seller is the Swedish investment company Sequent Invest. Aggregate annual revenue for the five companies is Skr 900m.
”Sequent has done a great job in building this portfolio of aspiring companies across diversified markets,” says Pål Malmros, Partner at Verdane Capital Advisors. “We are really looking forward to work with management and the other shareholders in order to continue the companies’ development into the next level of growth.”
Through the transaction, Verdane became the owner of five companies within facility management, construction engineering, infrastructure inspection services and point of sales systems for restaurants. All companies are experts in their niche, with a solid platform for future growth, and provide attractive diversification to the current Verdane VIII portfolio.
“This is a very good solution for both Sequent and the portfolio companies,” says Magnus Kenneby at Sequent. “The transaction releases capital and gives us the opportunity to scale up our successful investment model. Verdane share our view on the companies’ future, maintains a long-term perspective and possesses a holistic approach to the portfolio. These were key qualities for us when evaluating this deal. We are really looking forward to see how the companies develop under Verdane ownership.”
Companies in the transaction
Estate (facility management services)
Uppländska Berg (construction engineering)
Trivec (integrated point of sales systems provider)
Primär Fastighetsförvaltning (facility management services)
Linjebesiktning (infrastructure inspection services)
Verdane funds support Nordic companies that have high ambitions in IT, energy and high-tech industries with flexible growth capital. The Funds are distinctive in that they can either purchase an entire portfolio, parts of a portfolio or a single position, from a portfolio of unlisted assets. Funds’ total equity amounts to over Skr 6 billion and investors are comprised of pension funds and insurance companies, amongst others. Since 2003, Verdane funds have acquired 26 portfolios with interests in around 300 companies. More information can be found at www.verdane.com
Sequent Invest is an active, long-term and transparent investor in established, small-cap companies in the Nordics. Under Sequent Invest’s ownership, the portfolio companies take advantage of opportunities and overcome challenges, supported by a competent and committed Board. The portfolio companies are provided with capital for value-adding investments and the management would also invest in the companies, alongside the Board and Sequent Invest. More information can be found at www.sequent.se