CapMan to buy majority stake in Swedish firm PDS Vision

The transaction is expected to close within a few weeks and will result in Swedish private equity firm Arctos Equity Partners exiting the company; Arctos acquired a 40% stake in the business in 2016. The management and senior employees of PDS will retain a significant minority share.

The investment is the GP's first from CapMan Buyout XI, which held a first close on €160m in June 2019 and has a target of €250m.  

Says Johan Pålsson, co-managing partner at CapMan Buyout: "PDS Vision is operating in a high-growth market and has an impressive track record of 20% CAGR over the last 10 years.

"While we see the effects of the Covid-19 pandemic around us, PDS Vision stands strong with a high degree of recurring software revenues, remote delivery of many services, and operations supporting its customers with business-critical solutions."

The GP plans to help the company continue expanding through organic growth opportunities and via acquisitions.

Company
Headquartered in Sweden, PDS was founded in 2008 and provides software and services focused on product development and aftermarket services. The company reported sales of about SEK 300m in 2019 and has additional offices in Finland, Denmark, Norway, Germany, the UK and the US. It employs 130 staff.

People
CapMan Buyout – Johan Pålsson (co-managing partner).
PDS Vision Group – Johan Klingvall (CEO, co-founder).

Advisers
PDS Vision Group – Livingstone (financial due diligence); Vinge (legal).

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