Verdane sells Caretech to Doro for SEK 240m

The sale comes eight years after direct secondaries player Verdane acquired the company via Verdane Capital V.

Doro's purchase is in line with its increasing focus on telecoms assistance for the elderly in the Nordic region.

The sale is expected to complete in January.

Previous funding
Caretech was acquired by Verdane – then Four Seasons Venture – in October 2006, when it bought a portfolio of 15 unlisted holdings from Småföretagsinvest.

Company
Caretech provides products and services to help elderly people live in their homes independently. The business offers remote care products such as alarms and surveillance.

Founded in 1990, the Kalix-based company expects to generate revenues of around SEK 150m in 2014.

People
Göran Strandberg is a partner at Verdane. Jérôme Arnaud is the CEO of Doro and Ulf Lindstén is the CEO of Caretech.

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• Topics
• Nordics
• Exits
• Consumer
• Trade sale
• Sweden
• Verdane Capital Partners