Mimir buys Quadriga

The deal is the seventh investment from Mimir's holding company, Mimir Invest, which was raised in 2016. The fund volume was not disclosed as it is not structured in the same way as a standard buyout fund due to the nature of its investments. Its portfolio companies have combined revenues of €300m.

It is also the second acquisition announced within a week by Mimir, which announced the carve-out of Epiroc's geotechnical drilling consumables business on 11 June.

Company
Quadriga was founded in 1964 and is headquartered in London. It provides software to hotels including the Sensiq platform, which is used by hotel guests to stream content through the TV. The company generated an operating loss of £4.9m from sales of £6.5m in 2016, the last year for which accounts are available.

People
Mimir Invest – Joakim Notö, Jeff Bork (managing partners).

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