
Verdane Capital acquires Finnish company Evondos
Verdane Capital Partners has acquired a stake in Finland-based automated medicine dispensing business Evondos.
The GP made the investment from its SEK 3bn Verdane Edda fund, which closed in March 2018. The vehicle has so far invested in nine companies, including Swedish company Conscriptor and Norwegian business Max Manus, both of which were acquired last month. At that time, the fund was a little more than 50% deployed.
The fund invests up to SEK 500m in high-growth Nordic companies in the software and consumer internet sectors.
The partnership will help the company, which already has a presence in the Nordic region, develop its service offering and expand further into northern Europe.
Company
Founded in 2007 and headquartered in Salo, Evondos provides automated medicine dispensing services to 200 clients in the Nordic market. The company has offices across Finland, Norway, Sweden and Denmark, and employs 70 staff.
People
Verdane Capital Partners – Janne Holmia (principal).
Evondos – Eetu Koski (CEO) .
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