PE-backed Accedo in acquisition talks ahead of sponsor exit – Mergermarket

The company may close at least one deal in the next 12 months and carry out up to five acquisitions over the next two to three years, Lantz said, adding that its key scouting markets were Scandinavia, because of its innovative companies, and the US due to its size. The company planned to generate $60m in revenues in 2021. 

He added that SEB may mandate financial advisers for an IPO or a trade sale, and that it might consider such opportunities within two years.

In case of an IPO, it will prioritise listing on Nasdaq Stockholm, Lantz said, adding that it may also consider merging with a special-purpose acquisition company as an alternative.

SEB has owned 70% of Accedo since 2016, alongside the company's management, including Lantz.

Founded in 2004, Stockholm-headquartered Accedo has 450 employees in 16 offices worldwide serving more than 400 corporate customers.

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