EQT acquires Candidator

With the fresh capital, the firm intends to strengthen its growth strategy by developing its service offering, both organically and through acquisitions in the fragmented Nordic managed IT services market.

Candidator stated it expects growth to be boosted by underlying trends including an increased share of IT outsourcing, and growing cloud adoption.

Company
Founded in 1997 and headquartered in Alingsås, Sweden, Candidator provides service contracts including cloud, hosting and application management. The company employs a staff of 300 in Sweden and Norway. It posted an annual turnover of €45m in 2017.

People
EQT Partners – Johan Dettel (partner).
Candidator – Johan de Verdier (CEO).

Advisers
Equity – HDR Partners (M&A); White & Case (legal); Bain (commercial due diligence); KPMG (financial due diligence, tax).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Nordics
• Technology
• Sweden
• EQT
• White & Case
• KPMG