Nordic Capital-backed Signicat acquires Connectis

The deal is the second acquisition by Signicat and comes a year after Nordic Capital acquired the company from Viking Ventures, using its €4.3bn buyout fund Nordic Capital IX for the transaction.

In July 2019, Signicat acquired Idfy, a Norway-based developer of secure identification and electronic signature solutions.

Terms of the most recent deal were not disclosed. Connectis's previous owners, SIDN and 2050 Foundation, have reinvested in the combined entity.

Says Asger Hattel, CEO of Signicat: "The adoption of digital identity in the Netherlands and Belgium has been impressive. With Connectis joining Signicat, we are expanding our reach and customer base."

Company
Founded in 2008 and headquartered in Rotterdam, Connectis develops software for online identification, authentication and authorisation for clients in sectors including healthcare, financial services and the public sector. The company also has an office in Bucharest, Romania, and has 52 employees in total.

People
Connectis – Jeroen de Bruijn (CEO).
Signicat – Asger Hattel (CEO).
Nordic Capital Advisors – Fredrik Näslund (partner).

Advisers
Signicat – PwC (financial due diligence); Van Doorne (legal); Wikborg Rein Advokatfirma (legal).
Vendor – KPMG Deals (financial due diligence); HVG Law (legal)

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

• Topics
• Portfolio management
• Nordics
• Technology
• Nordic Capital
• Buy-and-build
• Build-up
• PwC
• KPMG
• Norway
• Netherlands