May 15, 2020

Swedish loan refinancing startup, Anyfin, raise EUR 27.7M Series B (Techcrunch)

EQT Ventures led the round, with existing investors Northzone, Accel, and Rocket Internet’s Global Founders Capital also participating in the two-year-old fintech’s capital raise.

According to Techcrunh, Anyfin says it will use the investment to “drive product innovation,” expand beyond Sweden and Finland into other European countries, develop software and launch new offerings

 

PE-backed Visma acquires Nmbrs, a HR and payroll software company, for an undisclosed sum (Visma)

Norwegian software developer Visma announced its acquisition of Netherlands-based Nmbrs for an undisclosed sum.

Nmbrs is a provider of HR and payroll software for the Dutch and Swedish markets, and employs more than 120 people. The company was founded in 2007 and processes 920,000 payments monthly for approximately 2,000 customers.

HG- and Canada Pension Plan Investment Board-backed Visma has stated their strategic rationale for the acquisition to be; extending its HR and payroll portfolio to businesses and accounting firms in the Netherlands.

Nmbrs continues its business activities as an independent organization under its current name, with no changes in management.

 

Danish e-sport distributor, Blast, raise EUR 12.5M led by Rocket Software founder (Børsen)

The e-sport company’s round was led by the billionaire Johan Gedda, known for founding and later selling the software company Rocket Software. Also participating was the Danish Growth Fund and existing investors Creandum and Heartcore.

Blast, formerly known as RFRSH, split its business last year – keeping its distribution and tournament business and divesting the Counter-Strike team Astralis that is ranked #1 in the world. Tofte & Company are proud to have helped Astralis on their IPO in 2019.

In recent years, e-sport has developed into a global billion-dollar industry, attracting thousands of fans. According to Børsen, Deloitte’s most recent report states that the total value of investments in e-sport surged from EUR 454M in 2017 to EUR 4.2bn in 2018.

 

Sweden-based Wrap Software acquired by Altair Engineering [NASDAQ:ALTR] (Globenewswire)

The target was acquired from parent company Wrap International, a Swedish software and consulting company. Verdane holds a 49% stake in Wrap International, with the remainder split between Olsson, the company’s CTO, and the Swedish Saab group.

Split out from the Saab group in 2007, Wrap International has around 50 employees, according to LinkedIn, while Altair has around 5,000 employees, according to LinkedIn, and a market cap of USD 2.38bn.

With 30 years of development, originally in Saab, the WRAP software covers a wide range of applications with focus on controlling radio spectrum assets for maximum utilization, including radio planning, interference, and coverage calculations, complementing Altair’s existing Feko, newFASANT, and WinProp software for wireless propagation modeling and network planning. The impressive users of WRAP include among many others major defense organizations, telecom authorities, broadcast operators, and public safety organizations.” (Globenewswire)

 

Bestseller-owner acquires majority stake in Danish learning platform for students, Lix Technologies (Finans)

Danish billionaire and owner of Bestseller, Anders Holch Povlsen, now owns most of the streaming service for study books, Lix Technologies. Holch Povlsen already owned 48% of the company and has now increased his stake to 81% via a transfer of funds of EUR 2M.

Lix Technologies was founded by Forbes prodigy Camilla Hessellund Lastein, and has several minority investors including North Media. In late 2019 Lastein was bought out of the company.

 

PE-firm Priveq Investments acquired a 55% stake in Plint, a Swedish language services and media technology company (Priveq)

The remaining 45% is retained by Per Nauclér, Örjan Serner and Johan Gladh with Mikael Fröling gradually handing over his duties in the company, which has been planned for some time according to the statement.

Plint is headquartered in Gothenburg, Sweden, with offices in Borås and Los Angeles. The company, which works closely with streaming giant Netflix, has grown from EUR 1M to EUR 12.1M in five years – a CAGR of 142%. Apart from Netflix, customers also include Amazon, Viacom, Volvo, IKEA and H&M.

One aspect that has aroused particular interest is that Plint has developed a unique, cloud-based computer system – Plint Core – which coordinates translations and workflows.

 

Nordic leader in e-health, Evondos, receives an investment from Verdane (Verdane)

Evondos was until this backed by Serendipity Partners and Tradeka Group.

The Finnish company’s customers include over 200 regions and municipalities. Its growth partnership with Verdane aims to develop Evondos’ service offering and extend the company’s business into Northern Europe (Currently operating across the Nordics), and achieve their vision to become the global leader in the automated medicine dispensing.

Evondos joins a roster of Verdane e-health holdings, including Verdane’s mid-April acquisitions Conscriptor and Max Manus. You can view more details on those deals on our website via this link: https://toftecompany.com/index.php/2020/04/24/april-24-2020/