
Accent Equity acquires Inteno
Swedish mid-market GP Accent Equity Partners has wholly acquired Stockholm-headquartered broadband technology company Inteno Broadband Technology.
The deal saw Accent carve out Inteno from trade and manufacturing companies group Kamic Group, drawing on commitments from the GP's SEK 3.8bn Accent Equity 2012 Fund.
Following the buyout, Accent plans to strengthen Inteno's market position in the Nordic countries, as well as grow the company organically and through add-on acquisitions.
Inteno is the GP's second corporate carve-out in the past 12 months, having bought traction chains and tracks manufacturer Nordic Traction from Swedish industrial group Gunnebo Industrier – which is owned by fellow Swedish GP Segulah.
Company
Headquartered in Stockholm, Inteno Broadband Technology is a manufacturer of networking hardware and software for use in broadband.
Inteno had sales of SEK 350m last year.
People
Accent Equity Partners – Niklas Sloutski (CEO).
Inteno Broadband Technology – Conny Franzén (CEO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater