Bregal buys Iptor with management

CEO Jayne Archbold and chief marketing and product officer Christopher Catterfeld invested from the management team.

The company plans to establish its position in technical wholesale, the pharmaceutical industry and publishing, as well as pursue international expansion and add-on acquisitions.

Unquote sister publication Debtwire reported in July 2019 that Marlin Equity Partners had reinitiated the sale process for the company, following a process that stalled in December 2018 due to price expectations.

Bregal had not responded to a request for comment at the time of publication.

Previous funding
Iptor, then known as IBS, was acquired by Symphony Technology Group via a take-private in June 2011 for an enterprise value of SEK 176.67m.

Marlin bought the business via an SBO in June 2015 in a deal reportedly worth $35m.

Company
Founded in 1978 and known as IBS until its 2016 rebranding, Iptor is headquartered in Stockholm and employs 300 staff. It provides distribution and logistics software for companies in the automotive, food and beverage, pharmaceutical, third-party logistics, wholesale distribution and publishing industries.

According to its annual report, Iptor reported revenues of $54.4m and an operating profit of $2.9m. Approximately $30.4m of the revenues came from services, around $20.6m from licences and around $1.7m from subscriptions. Of the revenues, 79% came from Europe, 12% from the Americas and 9% from Asia-Pacific.

The company reported a 150% increase in licence and subscription growth in 2018, according to a statement. It has more than 200 customers through a strategic partnership with IBM.

People
Iptor – Jayne Archbold (CEO); Christopher Catterfeld (chief marketing and product officer).

Advisers
Equity – GCA Altium (corporate finance).
Vendor – Harris Williams (corporate finance).

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

• Topics
• Buyouts
• Nordics
• Technology
• Sweden
• Bregal Investments