Tag Archives: Software

Latour divests Kabona to Nordomatic AB

Latour logo

Investment AB Latour (publ) has, through its subsidiary Latour Industries, divested Kabona AB to Nordomatic AB, the largest independent system integrator within building automation in the Nordic region.

The divestment is in line with the fact that Latour for a long time has streamlined its operations to include investments in companies based on product ownership and opportunities for internationalization.
Kabona AB was divided into two separate companies in 2017, where Ecopilot AB took over the product ownership of the Ecopilot product concept. Kabona AB has subsequently streamlined its operation to focus on energy efficiency projects in building automation.

“This is a very exciting business transaction that opens up for new opportunities. Our ambition for all employees and customers is that they shall experience that we focus on knowledge development for each individual and that we continue our pursuit being an industry pioneer with new technical solutions for smart buildings. Kabona’s expertise in energy efficiency and the company’s deep-end customer relations will strengthen the Group considerably”, says Olov Schagerlund, President and CEO of Nordomatic.

“We are pleased that Kabona gets a new home in Nordomatic and thereby gets a committed owner and becomes a part of the Nordic region’s largest independent building automation partner,” says Björn Lenander, CEO of Latour Industries. “We look forward to continued good cooperation with Nordomatic and Kabona as partners for Ecopilot AB and customers for several of our Bemsiq operations”.

Göteborg, 22 March, 2018

INVESTMENT AB LATOUR (PUBL)
Jan Svensson
President and CEO

For further information, please contact:
Björn Lenander, CEO Latour Industries AB, +46 70 819 47 36
Mikael Johnsson, Business development Investment AB Latour, +46 73 323 3606

Latour Industries AB consists of a number of operating areas, each with its own business concept and business model. The ambition is to develop independent entities, which can eventually become new business areas within Latour.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 48 billion. The wholly-owned industrial operations generated a turnover of almost SEK 10 billion in 2017.  

 

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Fortino Capital invests in intelligent synchronization platform PieSync

Fortino Capital

Fortino Capital leads a 2.8 million euros ($3.5 million USD) round in the Ghent headquartered company PieSync through its venture fund. Fortino Capital led the round with participation from existing investors including Ark Angels Activator Fund, PMV and Dirk Vermunicht.The PieSync intelligent synchronization platform is an integrated software-as-a-service cloud application to manage contact information. It provides two-way real time synchronisation of contact data between the various cloud applications used.

Today, both multinationals and SMEs use a combination of various (often specialised) cloud applications. One of the biggest challenges for companies is to integrate these applications and manage their data as simply and affordably as possible. Most integration applications only “push”data one way, from one application to the other. PieSync ensures that businesses always have access to their most recent contact data, across every application.

Duco Sickinghe, Managing Partner at Fortino Capital: “PieSync fills the gap in the market for two-way real time synchronisation of contact data in a simple and affordable way. The platform now works successfully with more than 100 different applications, with new ones being added every week. We want our investment to support that continued growth.” The investment of 2.8 million euros is aimed at helping PieSync expand commercially, through increased growth in sales and marketing and by strengthening its management team.

PieSync currently synchronises more than 100 different SaaS applications including Google Contacts, Hubspot, Marketo, Salesforce, Teamleader and specialised applications such as accounting programs. The platform automatically detects possible conflicts in contact data and matches and duplicates data in a clever way. Hence, integrating PieSync in an application landscape eliminates the data gaps between sales, marketing and customer services, and allows more efficient and productive cross-department data management.

“We’re focused on becoming the best solution to help organizations of all sizes to intelligently connect cloud-based business apps without complexity,” said Ewout Meyns, Founder and CEO of PieSync. “The partnership with Fortino Capital is an important step forward in executing our vision to become the fastest growing two-way intelligent data synchronization platform for organizations that want to power their business by integrating their cloud apps. “

PieSync was founded in 2014 by entrepreneurs Ewout Meyns and Mattias Putman in Ghent. Since then, it has grown into a world-renowned player in SaaS. Fifty percent of its customers are American companies.

 

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BDC sells Trustly to Nordic Capital

Bridgepoint

STOCKHOLM, 14 March 2018 – The European online payments provider Trustly announced today that it will be acquired by Nordic Capital Fund IX (“Nordic Capital”). Nordic Capital will support Trustly in its ambition to become the leading global online banking payments provider.

Trustly’s largest shareholder Bridgepoint Development Capital will dispose of its full equity interest in Trustly but management, founders and investment company Alfvén & Didrikson will remain significant shareholders in the company.

Nordic Capital is one of Europe’s largest private equity investors and has a pre-eminent payments practice. Its track record in the sector includes the transformation of payment platform Bambora into a global payment market leader and the successful investment in Point, a payment terminal and software company.

Oscar Berglund, CEO of Trustly said: “The shift towards online banking based payment solutions is only in its infancy and we are looking forward to continuing to innovate and execute so as to make it easier, safer and quicker for both consumers and merchants to make payments online. We are delighted to partner with Nordic Capital whose support will be of great value as we grow across merchant verticals, products and geographies. I also want to thank Bridgepoint Development Capital for their exceptional contribution over the last three years.”

Fredrik Näslund, Partner, Advisor to the Nordic Capital funds said: “Direct bank payments are the future of payments and Trustly is leading this transition. This investment is at the core of Nordic Capital’s payment investment strategy, and after having followed the company for many years, we have built a strong conviction in the business and we are impressed by what the founders and management have built over the last 10 years. Nordic Capital views Trustly as a highly strategic payment platform with unique capabilities. We intend to support the management team and founders in the journey to becoming the global account-to-account infrastructure player by providing capital and experience from our previous successful investments in payments.”

Johan Dahlfors, Partner at Bridgepoint Development Capital said: “It has been an honour to work with such a talented and motivated team to develop the leading European online banking e-payments player. The progress achieved by the team during our ownership has been outstanding, where Trustly has expanded its footprint across Europe, invested in the business infrastructure and team as well as in its proprietary technology platform. We are convinced that Trustly is very well placed to continue its strong growth trajectory in a structurally growing market with long-term tailwinds for real-time, account-to-account payments.”

Citi acted as exclusive financial adviser to the shareholders of Trustly. Trustly’s relationship with Citi also encompasses transaction banking where Citi is one of Trustly’s core banking partners.

Tony McLaughlin, Managing Director, Global Payments at Citi said: “Trustly are in the vanguard of changing the world of payments. We are excited to be their banking partner and support their international expansion.”

The transaction is subject to customary regulatory approvals and approval by the Swedish Financial Supervisory Authority. The parties have agreed to not disclose any financial details.

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Nordic Capital acquires Trustly, the leading next-generation direct payment provider

Nordic Capital

Nordic Capital Fund IX (“Nordic Capital”) today announced the acquisition of Trustly AB (“Trustly”). Trustly is the leading next-generation direct payment provider, enabling fast, simple and secure account-to-account payments, present in 29 European countries with connections to more than 3,000 banks. Nordic Capital will support management in its plan to establish Trustly as the leading global online banking payments provider.

Founded in 2008, Trustly is an online payment provider that enables direct account-to-account payments, in partnership with merchants across Europe. Trustly has ~200 employees and is headquartered in Stockholm, with regional offices in Spain, Malta, Germany and the UK. The Company processes more than 3.5 million payments with payment volumes of ~SEK 6 billion each month.

Nordic Capital sees significant potential in supporting management to accelerate Trustly’s growth agenda in current and new geographies, as well as expand the product portfolio. Nordic Capital will also support Trustly by investing in its large bank network and technology platform, in order to drive payment innovation and leverage their first mover advantage to become a leading global account-to-account payment champion. Together with Nordic Capital, Alfvén & Didrikson, the Company founders, and management will remain as significant shareholders.

“The shift towards online banking based payment solutions is only in its infancy. We are looking forward to continuing to innovate and execute so as to make it easier, safer and quicker for both consumers and merchants to make payments online. We are delighted to partner with Nordic Capital whose expert support will be of great value as we grow across merchant verticals, products and geographies,” says Oscar Berglund, CEO of Trustly.

“Direct bank payments are the future of payments, and Trustly is leading this transition. This investment is at the core of Nordic Capital’s payment investment strategy, a sector where we have significant experience and excellent results. Having followed the Company for many years, we have developed strong conviction in the business and are impressed by what the founders and management have built over the last 10 years. Nordic Capital views Trustly as a highly strategic payment platform with unique capabilities. We intend to support the management team and founders in the journey to become the leading global online banking payment champion, by providing capital and experience from previous successful investments in payments.” says Fredrik Näslund, Partner, Advisor to the Nordic Capital Funds.

The Nordic Capital Funds have a long history and proven track record of investing into the payments industry. In 2017, Nordic Capital Fund VIII sold Swedish payment platform Bambora after three years of ownership, having in that time completed 12 material add-ons and transformed the company into a global payment market leader. The investment in Point, a Swedish payment terminal and software company, by Nordic Capital Fund V, is another success story in the sector.

The transaction is subject to customary regulatory approvals and approval by the Swedish Financial Supervisory Authority. The parties have agreed to not disclose any financial details.

 

Media contacts:

Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
E-mail: katarina.janerud@nordiccapital.com

About Trustly

Founded in 2008, Trustly is an online payment provider that enables fast, simple and secure account-to-account payments. The company offers cross-border payments to and from consumer bank accounts at over 3,000 banks in 29 European markets and connects businesses and consumers within e-commerce, travel, gaming and financial services. In 2017, the Financial Times ranked Trustly as one of the fastest growing companies in Europe on the FT1000 list and the London Stock Exchange recognized Trustly as one of Europe’s most inspiring, fast-growing companies. Trustly has ~200 employees and is headquartered in Stockholm, Sweden, with regional offices in Spain, Malta, Germany and the UK. Trustly is a licensed Payment Institution under the supervision of the Swedish Financial Supervisory Authority. Read more at www.trustly.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in close to 100 investments. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

 

 

 

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Fintech company Zervant raises €6 million funding

Tesi

Finnish fintech company Zervant, which provides online invoicing software for small business and entrepreneurs across Europe, has announced €6 million in funding. The investment was led by Tesi, along with Northzone, NFT Ventures and Conor Venture Partners.

Headquartered in Espoo, Finland, Zervant offers simple, intuitive invoicing software. It’s already used by 20,000 business customers across seven countries, with 85% of current growth coming from France, Germany and the UK.

The company plans to use the investment to grow the use of electronic invoicing among its core demographic – micro businesses. It will also look to introduce a range of premium features for users, designed to ease the financial pressures that come with running your own business.

“We founded our company to ‘help entrepreneurs succeed’, and that is still what drives us day in, day out. This investment will help us to grow even faster across Europe, and help micro enterprises to benefit from the market shift driven by legislation. We’re also looking forward to offering them new solutions that will speed up their invoicing cash flow”, says Mattias Hansson, Zervant co-founder and CEO.

The focus on electronic invoicing is particularly relevant, given that the EU has issued a directive on the matter, which comes into force this year, and aims to make electronic invoicing the main form of invoicing in Europe by 2020.

“Regulatory changes in the financial space, along with the widespread switch to digital, present entrepreneurs with a whole new set of possibilities for running their businesses more efficiently. It’s our goal to make sure that they have access to all this potential – be it by helping with access to finance or helping our customers make smarter business decisions”, Hansson adds.

As a part of the financing round Niklas Savander will also join Zervant’s board. Niklas has over 20 years of experience as an executive in global technology companies, and expert knowledge within the financial sector. “Zervant’s offering is unique, and has huge market potential. I’m very excited to be joining their team”, says Savander.

Jussi Sainiemi, Investment Director at Tesi, comments that “Zervant has shown very impressive growth by tripling its active customer base to 20,000 businesses during 2017. Zervant’s service is widely considered to be the technology leader in the field of digital invoicing for SMEs. We are particularly excited about the company, as it is our first investment in the fintech sector”.

For more information:
Mattias Hansson, CEO, Zervant
+358 45 267 3007
mattias.hansson@zervant.com

Jussi Sainiemi, Investment Director, Tesi
+358 40 564 4660
jussi.sainiemi@tesi.fi

About Zervant
Zervant provides simple online invoicing for small businesses across Europe. Its core markets are France, Germany, the UK, Finland and Sweden. Headquartered in Espoo, Finland, Zervant was founded in 2010 and has raised over 14 million Euros of venture capital and angel funding. In 2017 1,000,000 invoices were sent using Zervant, with a face value of €1 billion www.zervant.com

About Tesi
Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total 1 billion Euros and we have altogether 723 companies in portfolio. www.tesi.fi / @TesiFII

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Latour acquires NODA, a leading Swedish software company in energy efficiency

Latour logo

Investment AB Latour (publ) has, through its subsidiary Bemsiq, signed an agreement to acquire all shares in NODA Intelligent Systems AB, a leading Swedish software company in system-wide energy optimization for district heating grids and intelligent heat control for residential buildings. Bemsiq made its first investment in NODA in October 2015, and owned 29 per cent of the shares in the company prior to today’s transaction. The sellers are, among others, the Sixth Swedish National Pension Fund and the founders. Closing will take place immediately.

NODA has its head office in Karlshamn, Sweden, and is active in the European market, with focus on Sweden, Poland, Germany, France and the United Kingdom. The company develops and provides the product Smart Heat Grid, which is an advanced system to reduce peak loads and balance the load profile in district heating networks. The company’s second product, Smart Heat Building, employs a self-learning and adaptive model to reduce both energy consumption and power need in buildings. NODA has 15 employees and net sales in 2016 amounted to SEK 5 m, where a majority is recurring license fees.

“I am very happy that NODA will become a wholly owned company in Bemsiq and Latour. It opens new and exciting opportunities for deepened collaboration with the other Bemsiq companies, especially in product development and international sales”, says Patrick Isacson, CEO of NODA. “NODA will now have a long-term owner and better possibilities to expand our business in the European market.”

“NODA is an exciting company with a high technology level and a market leading position in digitalization of district heating grids. We are especially impressed by their leading role in three projects within Horizon 2020, the EU Framework Programme for Research and Innovation”, says Pär Arvidsson, CEO of Bemsiq.

Göteborg, October 11, 2017

INVESTMENT AB LATOUR (PUBL)

Jan Svensson, CEO

For further information, please contact:
Pär Arvidsson, CEO, Bemsiq AB, +46 70 324 72 53

Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 8 billion in 2016.

 

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Perfect Gym Fuels Growth with €4.5M in Expansion Capital

3TS Capital Partners

Warsaw – October 9, 2017

Perfect Gym Software, a rapidly emerging leader, which provides an end-to-end platform that revolutionizes how fitness clubs are managed, announced today that it has raised €4.5M in a new round of funding. The round was led by 3TS Capital Partners, a leading European growth technology investor. Innovation Nest (lead investor in the seed round) and Trigon TFI also participated in the round. The company will use the investment to accelerate its growth in Europe, Middle-East and Asia, as well as continue development of its technology platform.

Perfect Gym offers a comprehensive suite of product modules for next-generation management of fitness clubs, sports facilities and gyms. The company’s integrated solution is based on the latest technology with modular architecture covering all key operations performed by multi-location and multi-country fitness chains. The platform’s breadth of functionality optimizes costs and increase profits significantly. Clients receive advanced reports with up-to-date club key performance indicators, monitoring of members activity, a complete CRM database, credit card and other payments solutions, as well as the ability to generate invoices and work schedules for trainers and specialty staff. Perfect Gym’s clients include well-known brands such as McFit, Gold’s Gym, World Class, Anytime Fitness, Fitness First, Fitness World and Fitness 24 Seven. Currently the company has more than 500 Customers in 37 markets on 4 continents.

Jacek Szlendak, Founder and CEO at Perfect Gym said, “We believe that our platform provides unique opportunities for fitness clubs and gyms to improve their business results more efficiently, while driving high customer engagement benchmark. We’re thrilled to add the experience and expertise of 3TS whose support will help accelerate our growth and the development and rollout of the platform to meet the increasing demand.”

3TS Partner Zbigniew Lapinski who led the investment commented, “Perfect Gym is serving a large and fast-growing fitness market. Being fit and healthy is a priority for individuals across the globe and this trend continues to drive explosive growth of mobile applications, connected devices and ultimately number of fitness clubs and gyms. We’re extremely excited to support Perfect Gym’s rapid growth as it helps operators run their businesses better while keeping their customers happy.”

Marcin Szelag, Partner at Innovation Nest who led the previous financing in Perfect Gym said, “With its suite of products, Perfect Gym is helping clients transition from legacy on premise software to a flexible cloud solution. We feel that this is an important step for the fitness industry, which will allow to launch new products and services. As an early believer and investor in Perfect Gym we are really impressed with the progress the company has made over the last 18 months and will continue to support the founders in realizing their vision.”

Paweł Burzyński, a partner and deputy CEO of Trigon TFI added, “We are pleased to support Perfect Gym which is well positioned to benefit from two mega trends of fit lifestyle and mobile applications development. Perfect Gym is a kind of investment we like the most, which should bring positive returns to our investors and healthier life to the company’s clients.”  

About Perfect Gym
Perfect Gym is the leading technology platform for the fitness clubs, sports facilities and gyms. Local, regional and global fitness business owners use Perfect Gym’s solutions to run, automate and grow their businesses.

Learn more at www.perfectgym.com

About 3TS Capital Partners

3TS Capital Partners is one of the leading European technology focused private equity and venture capital firms.  3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.

About Trigon TFI

Trigon is one of the fastest growing and leading Polish private Mutual Funds with asset under management of USD 1.2bn. Venture FIZ, a VC arm of the Fund, has been directly engaged into the transaction of Perfect Gym.

Learn more at www.trigontfi.pl 

About Innovation Nest

Innovation Nest is an early stage VC firm focused on B2B Software. As a thesis driven fund, Innovation Nest helps seed stage companies in the B2B market go through product and market validation phase. Innovation Nest provides financing across Seed and Series A rounds. Now investing out of the second fund and targeting B2B software companies across Europe.

Learn more at www.innovationnest.com

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Admincontrol sold to Visma

Hercules
Herkules Private Equity Fund IV is pleased to announce the fund’s first exit through the sale of Admincontrol to Visma. The Admincontrol investment yielded an IRR of 61% and a money multiple of 3.2x.
Admincontrol, the leading provider of cloud based board portal and virtual data room solutions in the Nordic countries is sold to the Norwegian Software company Visma.During Herkules’ ownership, Admincontrol has transformed from being a Norwegian contender to the leading Nordic supplier of cloud based board portal and virtual data room solutions. The company currently has over 2 000 customers and close to 40 0000 active users in Norway, Sweden, Denmark, Finland, the Netherlands and the UK.In April 2015, Herkules acquired a majority stake in Admincontrol.As part of the value creation plan to accelerate growth outside Norway, Admincontrol acquired its Swedish and Danish agents. Following the acquisitions, Admincontrol increased investments in local sales and customer support resources. This has boosted the number of new customers and revenue per customer. The recently introduced pricing model has grown revenue retention to 101%, all while growing revenue per customer by 11%. To ensure the company’s growth prospects, Admincontrol has doubled its R&D organization and continuously introduced new features and functionality to its solution offering. In addition, a plan for a broader international launch has been prepared.Revenues have almost doubled and EBITA almost tripled during Herkules’ ownership period. Revenues have grown from NOK 50 million in 2014 to NOK 97 million LTM as of Q2 2017. During the same period, EBITA has grown from NOK 8 million to NOK 22 million.Signing took place on 25 September 2017 with closing on 3 October 2017.The Admincontrol investment yielded an IRR of 61% and a money multiple of 3.2x to the Herkules Fund IV investors.

 

Contact information:Christian Petersen, CEO at Admincontrol, Telephone: +47 98 25 50 52Eilert Giertsen Hanoa, Director Visma SMB Software Unit at Visma, Telephone: +47 92 83 29 05Gaute Gillebo, Partner at Herkules Capital, Telephone: +47 45 83 00 00

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Gimv acquires 23.6 per cent of Cegeka shares

GIMV

Gimv is to take a 23.6 per cent interest in ICT company Cegeka. With this move, Cegeka aims to strengthen its position in existing markets and expand geographically. The ambition is to realise growth both organically and by means of a buy & build strategy. Outsourcing in general is at the heart of the expansion plans and is to be the engine for further growth. Gimv will become a shareholder besides CEO André Knaepen, the Limburg Reconversion Company (LRM) and the management of Cegeka.

Since his management buy-out in 1992, André Knaepen has grown Cegeka from a local to a pan-European IT service provider with branches in ten countries. Today the company employs over 4,000 people, together serving more than 2,500 customers. Since 2006, turnover has quadrupled to over 400 million euros and it is Cegeka’s ambition to continue on this impressive growth path in the coming years. It aims to double its size again within five years.

Tom Van de Voorde, Head of Smart Industries at Gimv, on the transaction: “We can see daily from Gimv’s portfolio that IT belongs at the heart of business operations and that there is a need for players who can empathise with their customers. From our experience in ICT, we can particularly appreciate Cegeka’s continuous innovation and customer awareness. From the first contacts, we were very impressed by the growth path that the company – led by a broad and motivated management team – has taken in the last ten years. Our investment will make extra resources available with which we will give a boost to Cegeka’s ambition.”

“This capital operation is necessary to further realise Cegeka’s ambition. In the first place, we will continue investing in the development of our service range, as we want to stay ahead of the market. In our geographical expansion, we will concentrate first on those countries where we are already active. There is scope there for aligning our services more with the needs of our customers”, says Cegeka CEO André Knaepen. “We want to grow in Europe, but that will never be at the expense of our local approach. That is the DNA and the strength of Cegeka. It is from those strong customer relations that we will provide growth and sustainability for medium-sized and large organisations. This operation is a major strategic step which was supported by the team of Degroof Petercam Corporate Finance”

“LRM has been a shareholder of Cegeka since 1999 and has seen the company grow in recent years to become a top European player. With the involvement of Gimv, Cegeka will have the opportunity to gear up and realise its growth ambitions faster”, says Stijn Bijnens, CEO LRM.

The ‘Centrum voor Overheidsinformatica’ (COI), which used to be an important actor in the computerization of the Flemish Government, has supported the first European growth phase of Cegeka. With Gimv joining the capital of the company, COI will now revert to its core tasks.

 

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Transaction Update: Bregal Unternehmerkapital supports SHD AG growth

Bregal unternehmerkapital

Andernach-based software specialist SHD AG has partnered with Bregal Unternehmerkapital as a new strategic investor. SHD is a leading developer and vendor of enterprise resource planning (ERP) and graphical planning software for furniture and kitchen retailers. Together with Bregal as new majority owner, the company now plans to further strengthen its market position and expand its European presence. The previous owners (funds advised by Elvaston Capital, and the SHD management team) will continue to retain a stake in the company.

Corporate website SHD AG With this investment, Bregal Unternehmerkapital continues to expand its involvement in the software industry. With SHD, Bregal has once more added an enterprise to its portfolio, whose innovation, technological capabilities and services place it at the forefront of market developments. Founded in 1983, SHD is the market leader for ERP systems for furniture retailers, supporting this industry its transition to the digital future. The company’s products greatly facilitate and accelerate key processes for its customers – in addition to ERP applications, the product portfolio includes intelligent controlling of warehouse logistics in furniture retailing as well as graphical planning and visualisation software for kitchens, bathrooms and interior design. Finally, the SHD product portfolio offers financial and human-resources management software for a wide range of industries.

Bregal Unternehmerkapital aims to support SHD AG with capital, know-how and Bregal’s network of experts as it continues on its path of organic, sustainable development. Suitable acquisitions will also be considered in order to achieve additional scaling and synergy effects, and thus further strengthen SHD’s market position. With the European market currently offering promising conditions, Bregal is looking forward to a fruitful working relationship in this promising field.

Press contact:

IRA WÜLFING KOMMUNIKATION
Dr. Reinhard Saller
Phone: +49 89 2000 30-30
bregal@wuelfing-kommunikation.de

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