Verdane acquires five-company portfolio from Sequent Invest

Verdane acquired Sequent's shareholdings in five unlisted Swedish businesses: Estate, Linjebesiktning, Uppländska Berg, Trivec and Primär Fastighetsförvaltning.

The deal was financed with capital drawn from the GP's eighth fund, Verdane Capital VIII, a 2013-vintage SEK 2bn vehicle.

Sequent's portfolio is the second direct secondary deal completed by Verdane in 2016, having acquired Aggregate Media's portfolio of shareholdings in seven companies in January. The Sequent transaction also marks the third direct secondary deal made through Verdane VIII.

Company
The former Sequent portfolio's five companies are all based in Sweden.

Verdane's acquisition encompasses facilities management company Estate, electricity and telecoms network surveyor Linjebesiktning, drilling and blasting business Uppländska Berg, booking systems provider Trivec and property management company Primär Fastighetsförvaltning.

The portfolio companies' total revenues are around SEK 900m with combined EBITDA of SEK 90m.

People
Verdane Capital – Pål Malmros (partner).
Sequent Invest – Magnus Kenneby (founder).

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