• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deal search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
      • Deals search
      • Exits search
      • Funds search
      • Sponsors search
      • Advisers search
      • LPs search
      • League tables
      • Reports
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
UNQUOTE
  • Nordics

FSN Capital sells Tactel to Panasonic Avionics

  • Mikkel Stern-Peltz
  • Mikkel Stern-Peltz
  • 24 March 2015
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Norwegian GP FSN Capital has sold Swedish mobile device graphics developer Tactel to in-flight entertainment system maker Panasonic Avionics.

The exit comes less than six years after FSN acquired a 65% stake in Tactel through its €375m FSN Capital III fund.

Tactel's revenues fell from around SEK 107m in 2009 to SEK 60.4m in 2012, but started to recover in 2013, reaching SEK 68.7m that year.

Haavet said the drop in sales happened around six months after the transaction had closed and the company's principal client, Sony Ericsson, cut back on contracts in response to the global financial crisis.

Tactel saw revenues plummet by 70%, and FSN spent the following years restructuring the business and diversifying its client base.

FSN will retain ownership of Tactel's US subsidiary, which had been spun out a few years prior and has revenues of around $10m.

Previous funding
FSN acquired Tactel through an MBO in August 2009, which saw the GP's third fund take a 65% stake in the company.

Company
Headquartered in Malmö, Tactel develops software related to graphics and interfaces on mobile and consumer electronic devices.

Founded in 1995, the company employs around 80 people and had revenues of around SEK 70m in the last financial year, down from around SEK 107m in 2009.

People
Kenneth Haavet is a principal at FSN Capital. Jonas Andersson is the CEO of Tactel and Paul Margis is the CEO of Panasonic Avionics.

Advisors
Vendor – Vinge (Legal); Wigge & Partners (Legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Nordics
  • Exits
  • Technology
  • FSN Capital
  • Sweden
  • Trade sale

More on Nordics

VC Spotlight: Climentum Capital fund to announce 10th investment this month; aims for final close at EUR 75m end-Sept
VC Spotlight: Climentum Capital fund to announce 10th investment this month; aims for final close at EUR 75m end-Sept

The GP expects to launch its second fund in 2025 with a target size of EUR 100m-EUR 125m

  • Nordics
  • 16 August 2023
Mimir Group ramps up global origination effort with London office and focus on life science carve-outs
Mimir Group ramps up global origination effort with London office and focus on life science carve-outs

Stockholm-based investor is considering divestments, although challenging market remains a barrier

  • Nordics
  • 26 May 2023
3i to invest in Danish children's brand Konges Sløjd
3i to invest in Danish children's brand Konges Sløjd

Deal aims to support the baby and children apparel group expand in Asia and the US

  • Nordics
  • 21 June 2022
HG-backed Visma to divest IT consulting unit to CVC
HG-backed Visma to divest IT consulting unit to CVC

Sponsor will invest in the carve-out from the Norwegian business software and IT provider via Fund VIII

  • Nordics
  • 16 June 2022

Latest News

Partners Group to release IMs for Civica sale in mid-September
  • Exits
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
  • Investments
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Czech Republic-headquartered family office is targeting DACH and CEE region deals

  • 01 September 2023
Redalpine expands leadership team amid CHF 1bn-plus fundraise
  • Venture
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • 31 August 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • 31 August 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013