Segulah acquires IT-Total

The deal is the ninth investment made from SEK 2.4bn vehicle Segulah Fund V, which invests in Nordic companies with enterprise values of up to SEK 1bn.

IT-Total's founders and existing shareholders will retain a combined 45% stake in the business following the deal.

Segulah has introduced former QBranch CEO and co-founder Ulf Engerby as chairperson at the company, while CEO and co-founder Fredrik Franzén will remain in his role.

Company
Founded in 2011 and headquartered in Solna, near Stockholm, IT-Total is a B2B provider of managed IT, data centres and workplace hardware, software licences and consultancy services. Around 90% of its clients are based in the Stockholm area and it generated a turnover of SEK 260m in the year ending in April 2019, according to a statement. IT-Total has a headcount of 85.

People
Segulah – Percy Calissendorff (partner).
IT-Total – Fredrik Franzén (CEO, co-founder); Christer Alm, Peter Wallin, Stefan Borg, Lennart Pedersen (co-founders).

Advisers
Equity – EY (corporate finance).

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

• Topics
• Buyouts
• Nordics
• Technology
• Sweden
• Segulah
• EY (Ernst & Young)