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Dansk Vækstkapital

PROCURITAS CAPITAL INVESTORS V INVESTERER I DALDATA AS

13/08 2015

Procuritas Capital Investors V LP invests in Daldata AS, a leading Norwegian accounting software and cloud service provider.

Daldata AS is a Norwegian company, founded in 1982, that has established itself as a top accounting software and cloud service provider to the Norwegian accounting and agriculture sector as well as to other Norwegian SMEs. Based on accounting and end-customer knowledge, the company has created a leading product within its core focus segments and been able to respond to the changes in customer needs and technology. The company serves approximately 5,000 customers yearly and operates from six offices across Norway (headquartered in Tynset). Its cloud services are provided from its own state of the art data centre.

Daldata AS has grown 9% annually from 2006-2015B, and the estimated turnover in 2015 (financial year ending in December 2015) is 163 MNOK (~18.1 MEUR) with 47.7 MNOK EBITDA (~5.3 MEUR) and 40.2 MNOK EBIT (~4.5 MEUR).

“We are very happy for the opportunity to partner up with the management of Daldata. Over the past eight years, under the leadership of Bjørnar Håkensmoen the company has outgrown the market and developed an attractive product and services offering, in particular for the accounting industry. The company has both organic and add-on acquisition growth opportunities that we look forward to realizing with Bjørnar and his team said Erik Fougner, Partner at Procuritas Partners GmbH, advisor to PCI V.

Bjørnar Håkensmoen, CEO of Daldata AS, added “we are very pleased to get PCI V on-board as investor and receive their support in the continued development of the company. The market fundamentals in the accounting software market are attractive and Daldata is in a good position to capitalise on market opportunities”

Closing took place on August 12, 2015.

For further information, please contact advisors to PCI V:

Erik Fougner, Partner, Procuritas Partners GmbH, tel. +41 79 887 54 74
Johan Conradsson, Investment Manager, Procuritas Partners AB, tel. +46 76 109 99 44

Procuritas Capital Investors V, LP (“PCI V”) is a private equity fund focusing on mid-sized companies in the Nordic Region. PCI V has ample liquidity and is interested in acquiring attractive companies with sales ranging from €20-150 million. PCI V is advised by Procuritas Partners AB and Procuritas Partners GmbH. Procuritas Partners AB is a Scandinavian private equity house specialized in initiating, structuring, and financing management buyouts (MBO). Procuritas, founded in 1986, has been a pioneer in introducing the concept of MBOs in the Nordic region.

Dansk Vækstkapital har afgivet et investeringstilsagn på 5 mio. € (ca. 37 mio. kr.) til Procuritas Capital Investors V.