Stirling Square reinvests in Docu Nordic with TA Associates

Stirling Square is deploying equity from its fourth fund, having previously owned the company via its third fund. The GP's new vehicle held a final close in January 2020 on €950m and targets mid-market companies with enterprise values of €50-500m.

Stirling Square originally acquired Docu Nordic via its €600m third fund from Swedish GP Segulah in August 2017. 

The deal, approved this week by the EU Commission, will help Docu Nordic act on more buy-and-build opportunities. The company last month acquired Vortal, a Portuguese e-sourcing specialist previously backed by private equity firm Vallis Capital Partners.

Previous funding
Swedish GP Segulah acquired Docu Nordic in August 2014 from parent Docu Group in a management buyout. Three years later, Stirling Square acquired the company from Segulah.

Company
Founded in 2001 and based in Ljusdal, Docu Nordic is a provider of business intelligence and data analytics services within the construction, real estate and healthcare markets in Scandinavia, central Europe and Iberia.

People
Docu Nordic – Stefan Lindqvist (CEO).
Sterling Square Capital Partners – Henrik Lif (partner).
TA Associates – Naveen Wadhera (managing director).

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• Topics
• Buyouts
• Nordics
• Stirling Square Capital Partners
• TA Associates
• Sweden
• Mid-market buyout