Verdane buys Scanmarket

The GP has drawn capital from its buyout fund Verdane Edda to acquire a 90% stake in the business. Scanmarket CEO Betina Nygaard and founder Ole Nielsen will reinvest for the remaining 10% stake.

Verdane Edda closed on its €3bn hard-cap in May 2018 and Scanmarket will be its fourth investment, according to Unquote Data.

The company stated that Verdane's involvement would allow it to accelerate its investment into product development and marketing.

Company
Scanmarket was founded in 1999 and is headquartered in Solbjerg, Denmark. It develops procurement software for its 120 clients across a range of industries, including Nissan, Paramount Pictures and Co-op. The business has additional offices in London, Hamburg, Amsterdam and Atlanta, and employs 43 people.

People
Verdane – Martin Welna (investment director).
Scanmarket – Betina Nygaard (CEO); Ole Nielsen (founder).

Advisers
Equity – Gorrissen (legal); Grant Thornton (financial due diligence).
Company – PwC (corporate finance); Kromann Reumert (legal).

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• Topics
• Buyouts
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• Verdane Capital Partners
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