GRO Capital backs Tacton's MBO

The deal saw the GP acquire a majority stake alongside investment holding Kirk Kapital. Beside the acquisition price, the investor consortium provided SEK 100m of additional capital to finance the company's growth, according to a statement. Both parties were not available to comment further on the transaction at the time of publication.

In the 12 months prior to the deal, Tacton completed two bolt-on acquisitions and opened new offices in the US, Germany and Poland.

The deal is the first investment in the Swedish market for GRO. The GP currently has five portfolio companies: Auditdata, Boyum IT Solutions, Targit, Trackunit and Trifork.

Company
Founded in 1998 and headquartered in Stockholm, Tacton develops software that aims to help industrial manufacturing businesses to increase efficiency and profitability of their production and sales cycles. This software includes price quotes configuration, products configuration and design automation.

The business generated SEK 300m in revenues in 2016 and employs 200 people.

People
GRO Capital – Lars Dybkjær (managing partner); Lars Lunde (partner).
Tacton Systems – Frederic Laziou (CEO).

Advisers
Company – Carnegie Investment Bank (M&A).

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