BDC exits Unifaun to Vitruvian

Mikkel Stern-Peltz
11 February 2016

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London-based GP Vitruvian Partners has acquired Swedish transport management software company Unifaun Group from Bridgepoint Development Capital (BDC) in a management buyout.

Vitruvian bought Bridgepoint's majority shareholding in the business. Unifaun's management and key staff will retain a significant minority stake in the business following the buyout. The GP drew capital from its Vitruvian Investment Partnership II fund.

Unifaun's new owners identified the company as their preferred target following an analysis of the global supply chain software market. The capital injected by Vitruvian will support continued international expansion as well as technological development.

Previous funding
Bridgepoint acquired Unifaun – then Memnon Networks – through a management buyout in June 2012, taking a majority stake through its mid-cap arm BDC.

Company
Unifaun is a transport management software company based in Stockholm. It operates mainly in the Nordic region, offering a software-as-a-service product, allowing the exchange of data between shippers of goods, carriers and end-customers.

The company was founded in 1997, has nine offices in the Nordic countries and Poland, and employs a staff of 135.

People
Bridgepoint Development Capital – Johan Dahlfors (partner).
Vitruvian Partners – Mike Risman (managing partner).
Unifaun – Martin Randel (CEO).