CataCap acquires Lyngsoe Systems

The company's current owners will retain a significant stake in the company and continue as part of management, led by Finn Mathiassen. Former Microsoft CEO Jørgen Bardenfleth has been appointed chairman of the board as part of the deal.

CataCap will support Lyngsoe's sales and earnings growth through an increased focus on the company's core activities and innovation.

This is CataCap's third deal since its launch in December 2012, following its investments in mobile repair service provider Telecare Service in June last year and Handicap Befordring in February. The Danish private equity firm held a first close on DKK 500m in December 2012 for its maiden buyout fund, which is focused on backing local SMEs.

Company
Lyngsoe specialises in complex IT solutions for logistics companies within the postal, library, food and airport industries. Active in 60 countries, Lyngsoe generated turnover of DKK 240m in 2013. The company employs 200 people across Denmark, the US, Canada, Romania, Sweden and Germany.

People
Vilhelm Hahn-Petersen is a partner at CataCap. Finn Mathiassen is the CEO and co-owner of Lyngsoe.

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