Verdane buys Aggregate Media portfolio in direct secondary
Swedish direct secondaries GP Verdane Capital has acquired a portfolio of shareholdings in seven companies from Aggregate Media in a direct secondary transaction.
The deal saw Verdane buy Aggregate's stake in e-commerce companies Allinc, Consector, Ecoride, Funera, Schoolido, Stor & Liten and Smart Senior through the GP's Verdane VIII fund. Across all its funds, the GP's portfolio totals 44 companies after the acquisition.
While Aggregate fully exited its stakes in the seven companies to Verdane, the media group said it plans to raise an eighth investment vehicle in 2016.
The deal is the fifth between Verdane and Aggregate, with the GP having invested in Aggregate-backed companies on four occasions prior to this most recent transaction.
Company
The seven companies now in Verdane's portfolio are all based in Sweden.
Allinc is an online travel agent based in Stockholm. Consector is a loan and credit intermediary also headquartered in the Swedish capital. Gothenburg-based Ecoride is a maker of electric bicycles. Stockholm-based Funera is an online funeral services provider. Schoolido is a digital learning platform for children in Swedish grades seven to nine. Stor & Liten is an online toy retailer. Smart Senior is a provider of loyalty cards for pensioners.
People
Verdane Capital – Henrik Aspén (partner).
Aggregate Media – Patrik Rosén (CEO).
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