Procuritas acquires Daldata from Via Venture Partners

The company's management will invest alongside Procuritas, which plans to grow the company organically as well as through add-on acquisitions.

Procuritas acquired its stake in Daldata through its Procuritas Capital Investors V fund, a €200m vehicle raised in 2012 for investments in Nordic small and mid-cap companies.

The transaction sees Via Venture Partners – the venture capital arm of Danish pension fund ATP – exit its majority stake in Daldata, which was acquired in July 2012.

Daldata's acquisition is the latest in a series of private equity and venture investments in Nordic enterprise software and services companies this year, including HgCapital-owned Visma's acquisition of E-conomic and SpeedLedger, Viking Venture's investment in House of Control, and Herkules Capital's buyout of Admincontrol.

Company
Founded in 1982, Daldata is a Tynset-based provider of accounting software and cloud services to the Norwegian accounting, agriculture and SME sectors.

The company claims to serve around 5,000 customers a year from its six offices across Norway. Daldata's turnover and EBITDA estimates for 2015 stand at NOK 163m and NOK 47.7m, respectively.

People
Erik Fougner is a partner at Procuritas. Bjørnar Håkensmoen is the CEO of Daldata.

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• Topics
• Nordics
• Buyouts
• Technology
• Norway
• Procuritas
• Via Venture Partners