Reiten makes best ever exit with SafeRoad sale

Reiten's sixth fund, RCP VI, has realised its investment in SafeRoad and sold it to Nordic Capital, marking one of Reiten's strongest exits. No return figures have been disclosed, but according to reports the exit gave back the investor several multiples of its invested capital.

Reiten has for some time worked on divesting its stake in the company, and listing it was assumed a plausible exit method. However, due to the downturn in the public market, a secondary buyout became the preferred exit route.

RCP VI acquired a 67% stake in SafeRoad, which was at the time called Euroskilt, from Verdane Capital Advisors (previously Four Seasons Ventures) and DnB Nor for NOK 92m in 2005 after having followed the company for several years. The original buyout took six months to complete and the founders retained a stake in the business. (Page 39).

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• Topics
• Exits
• Nordics