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CC:factory – Sell side to TDC

Tofte & Company advises CC:factory on its sale to TDC 

As exclusive advisor to CC:factory it is with great pleasure that we can announce that the largest Danish telecommunication company, TDC, has acquired CC:factory – a well-established powerhouse within the Nordic CCI market.

As one of the leading Nordic CCI solution providers, CC:factory delivers best-in-class CCI platform installations and consultancy services. The company is known for its unique solutions which combines the CC:factory proprietary CCI suite with established platforms such as Genesys to deliver solutions tailored to each unique customer needs. With major Nordic corporations such as Ørsted, Nordea, Nykredit, SEAS-NVE and Arla on the CC:factory client list TDC NetDesign A/S now further cements its position as the leading CCI solution provider in the Nordics.

“We have throughout the entire process been impressed by the team’s professionalism as well as deep understanding of our business and our industry, which is rare as we operate in a quite technical and complex industry. The process has been very well executed, and we feel that our strategic value has been extremely well-presented. This combined with a very structured and skilful deal making process makes us a very satisfied customer,” says Andrew Watson, CEO of CC:factory. “We are delighted that we will now be part of the powerful TDC NetDesign organization enabling us to deliver even better value to our customers. We feel that this is the right harbor for our technology and competences to expand rapidly in the market.” 

“Working with Tofte & Company has been a pleasure. They have made this transaction as frictionless as these things can possibly be and have had a very professional approach in the entire process,” says Thomas Stokking from TDC NetDesign.

“I am very excited to see CC:factory acquired by TDC NetDesign as I truly believe that the unique technology and competences of CC:factory will further unfold within the very competent and well-recognized TDC NetDesign organization,” says Rasmus Bøegh, Partner of Tofte & Company.

About CC:factory:
As a leading Nordic CCI solution provider, CC:factory delivers best-in-class CCI platform installations and consultancy services. The company is recognised for its unique solutions combining a proprietary CCI suite with established platforms to deliver highly customized and tailored solutions.

About TDC NetDesign:
As part of the largest Danish telecommunication company, TDC Group, TDC NetDesign has more than 20 years experience within system integration, datacenters, networks, security and IP-based communication solutions and is today considered the leading Nordic provider of network solutions and unified communications.

SpotOn Marketing – Sell side to Adelis Equity backed Søgemedier

Tofte & Company advises SpotOn Marketing on its sale to Adelis Equity backed Søgemedier

Acting as exclusive advisor to SpotOn Marketing it is with great pleasure that we can announce that Søgemedier has acquired 100% of the shares in SpotOn Marketing as part of a roll-up of the Nordic digital marketing agency market.

As one of the leading Nordic digital marketing agencies SpotOn Marketing combines senior consultancy services with a proprietary technology platform to provide superior marketing results for its clients. With this acquisition Adelis Equity further supports its leading position in the Nordic roll-up of digital marketing agencies, which was initiated with the acquisition of Søgemedier in the beginning of 2018 and followed by several bolt on acquisitions.

“It has been a very positive experience to work with the team at Tofte & Company. They are professional, competent and hardworking and has been the perfect M&A partner for us. They had the right contacts and the deep understanding of our business and market dynamics which resulted in the best possible outcome, namely to get the opportunity to become part of an extremely exciting journey with Søgemedier and Adelis Equity,” says Simon Salomonsson, CEO of SpotOn Marketing.

“It has been a pleasure to work with Tofte & Company on this transaction. Their extensive experience ensured a smooth acquisition process,” says Jacob Frandsen from Adelis Equity.

“To see Simon and the rest of the team at SpotOn Marketing joining Søgemedier in conquering the market for digital marketing is quite exciting. The strategic fit is very clear and I am quite confident that this will prove to be a great value adding deal for all involved parties,” says Rasmus Bøegh, Partner of Tofte & Company.

 

About SpotOn Marketing:

SpotOn Marketing is a young, Danish digital agency in growth with more than 50 employees who have dedicated their competencies and expert knowledge to help local businesses in Denmark. Today they deliver solutions to over 500 local businesses. SpotOn Marketing offers easy, transparent, and profitable marketing, including SEO, Google-ads, Facebook-ads, and website design, as well as their data tool, SpotOn Live, that makes it easy for local businesses to get an overview of their online visits and inquiries as well as using this data in their business development.

 

About Søgemedier:

Søgemedier is one of the leading digital marketing agencies in Denmark, with offices in Aarhus and Copenhagen. Since inception in 2008, Søgemedier has provided consulting, search engine optimization (SEO), Google AdWords, Facebook pages and Ads, websites, and web shops to more than 4,000 small and medium-sized enterprises. For further information please visit http://www.sgme.dk/.

 

About Adelis Equity:

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 14 platform investments and making more than 30 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.

Hejdoktor.dk – capital raise from UK based angel

Tofte & Company – Hejdoktor.dk secures funding

We are pleased to announce that we have raised an undisclosed round of financing from a UK based Business angel.

“We are very pleased with the extremely speedy process facilitated by Tofte & Company“. With the high quality “around the clock” support from Tofte & Company we have secured funds for growth. Again Tofte & Company has delivered as promised and we look forward to further corporation in the future” says Mikkel Geertsen, CEO of Hejdoktor.dk.

About Hejdoktor.dk:
Hejdoktor.dk is a Copenhagen based eHealth startup with a vision to lock horns with the current unprecedented global health challenges, by providing high quality online, convenient and cost-effective healthcare services – combined with the exponential power of computers.
Hejdoktor.dk is transforming traditional healthcare by making it more accessible and convenient. Hejdoktor.dk has empowered thousands of users, by giving them direct access to the healthcare professionals they need, through UX friendly and secure digital channels.
Hejdoktor.dk strives to make a positive impact in the world and believes that quality healthcare should be a universal human right.

Copyright Agent- Capital raise

Tofte & Company – Copyright Agent secures funding

“Tofte & Company was a strong partner in our recent capital raise, where they headed the capital raise process for Copyright Agent. We have been pleased to work with Tofte & Company who  acted fast, professional and diligent.

Their valuable network of potential investment partners was a strong asset and jointly we have succeeded in gathering an experienced and valuable team to support and secure the successful future of Copyright Agent. We give our warmest recommendations to Tofte & Company.“
says Henrik Eggert, Co-founder of Copyright Agent.

About Copyright Agent:
Copyrightagent.com consist of a team of professional photographers and talented entrepreneurs who realized no service existed to protect the copyright for photographers online. Until now!
We collaborate with photographers and leading image agencies to discover any unauthorized use, and ensure the owner receives what they’re owed.
As the Internet grows day-by-day, hour-by-hour, more photographic material is being used without respecting copyright. That’s not ok. As a photographer, it’s crucial you’re paid for the use of any photographs that rightfully belongs to you.
That’s why we created this service. Copyright Agent shows you where your photos appear across the Internet. But more importantly, where they are used in violation of your existing copyright. We’ll ensure you receive payment from the violator, and only charge you a success fee once the money’s in your account.

Agillic – IPO on NASDAQ First North Copenhagen

Tofte & Company – Leading Nordic marketing automation software provider Agillic listed on NASDAQ First North Copenhagen

It is with great pleasure that we can announce that Agillic, the leading Nordic marketing automation software provider is listed on NASDAQ First North Copenhagen.

Agillic, headquartered in Copenhagen, Denmark, has developed a state of the art product for marketing departments to plan and execute their omnichannel marketing strategy. By using the Agillic platform the clients can communicate with end customers at the right time and right place with the right message resulting in an considerably increased effect of their marketing communication. The company has recently added artificial intelligence to their product offering which further enhances the value for the clients. The mission of the company is to allow their clients to communicate personally and relevant with their customers and thereby effectively kill spam.

Agillic has raised 37 MDKK in connection with the listing to be used for future growth and expansion particularly in the UK and Swedish market. The offer of shares was oversubscribed by 33% of shares offered to the public.

With a strong foothold in Scandinavia, Agillic is tapping into a 37 BNUSD worldwide marketing technology market which is expected to double over the next 5 years. The business model is based on a recurring Software as a Service subscription model with a high degree of revenue predictability.

“We have throughout the process been impressed by the professionalism of Tofte & Company. They have particularly impressed us with their business understanding. Marketing automation technology is probably not the easiest thing to understand but Tofte & Company helped us present our business in an easy and understandable way,” says Jesper Valentin, CEO of Agillic. “We have now secured funding to pursue the huge market opportunity we have in front of us and I am delighted with the support we have received throughout the process.”

“We are happy to see Tofte & Company taking their first case successfully to the market only a short time after having joined as Certified Adviser,” says Carsten Borring, Head of Listings at NASDAQ.

Agillic is an amazing company that we have been following for several years. They have the right product at the right time and the right team to make it happen which is why they are growing so aggressively. Their mission is clear and so is the value proposition towards their clients. I am truly grateful that Agillic chose us to help them in their listing process and I cannot wait to follow the company as it continues to expand into other markets,” says Thomas Tofte, Managing Partner at Tofte & Company.

About Agillic:
Agillic, headquartered in Copenhagen, is the leading marketing automation technology provider in Scandinavia. The Agillic platform offers its clients the ability to communicate to customers with personalised messages, through multiple channels, at scale, and thereby increasing the effect of marketing activities considerably. As a technological frontrunner in the industry, Agillic offers predictive models based on artificial intelligence which further enhances the effectiveness of the platform. With flagship customers such as Matas, SPORTMASTER, Banco Santander, Storytel og Egmont Publishing, the company has grown the annual recurring revenue with more than 60% year over year in 2016 and 2017 and is now ready for an European expansion.

CSI Protect – Private Placement

Tofte & Company – CSI Protect secures funding

We are proud to announce that CSI Protect has raised a significant round of financing from a group of investors led by Henrik Friborg.

From it’s US HQ in Los Angeles, CA. CSI Protect is building it’s North American business centered around Forensic DNA property marking, forensic coding and asset identification solutions which deter theft and aid recovery of stolen property.

The Company has been at the forefront of providing the Police and Insurance recommended property marking solutions since 2015. Since then, CSI Protect has helped homeowners, businesses, local authorities, hospitals and schools protect their property. With already established business relationships in 8 states and partnerships with several major Law Enforcement Agencies like LAPD, CSI Protect was seeking funding to ensure a rapid expansion throughout the entire US market. The past 3 years have shown outstanding results and all major US retailers and Law Enforcement Agencies have shown significant interest in protecting their local communities, employees and valuables using DNA technology.

We pride ourselves on top quality, accredited products, the best customer service and exceptional value. In fact, repeat business is growing as more and more satisfied customers return to us year after year. Key markets include B2B, Education, Government, Police and B2C. Our goal is to reduce a number of crimes including domestic and commercial burglary, robbery, metal theft, vehicle theft and theft of cycles.

“As a result of our rapid expansion in the US market additional funding was needed in order to keep momentum. Through a mutual international contact we were recommended to contact Sasja Dalgaard, Partner at Tofte & Company. Sasja came highly recommended, but being a US company seeking funding for a US expansion we were armed with a fair amount of skepticism and questions. I am happy to say that for the first phone call to the final Due Diligence we have received the most professional and result orientated advice and guidance from the entire Tofte & Company team, but Sasja has a special place in our CSI hearts. Sasja has continuously outperformed all out expectations and been a priceless partner during the entire process. The professional approach has allowed us to focus on our US operations while the funding process was on full speed. Being in the hands of a professional team allowed us to feel confident that we would achieve our common goal and find the right match for our business,” says Kristian Brandt, Co-Founder and & COO of CSI Protect.

“It has been a great pleasure to work alongside the founders Kristian Brandt and Henrik Olsen in this process and it is obvious that they possess the needed determination to conquer the US market. The product is unmatched and with the capital injection and an active investor team with deep industry knowledge they are on a path to succes. Lead investor – Henrik Friborg co-founded Milestone Systems (Sold to Canon Group in 2014) and that is a match that I am proud of since his past journey and experiences makes him the ideal investor for CSI Protect. I very much look forward to follow the company,” says Sasja Dalgaard, Partner at Tofte & Company.

Duka – Sell side to Executive Capital

Tofte & Company – Executive Capital acquires minority stake in Duka

It is with great pleasure that we can announce that Executive Capital has acquired a minority stake in Duka, the leading Nordic platform for technology support solutions.

Duka, headquartered in Aarhus, Denmark, introduced its best in class support solution to the market in 2010 and has since experienced continuous growth. The company first launched with PC’s but has later expanded into tablets, iPads and mobiles. Duka has managed to create a solution where the end-user has all needs covered from a single point of contact thereby creating a superior user experience. The company has from the beginning had the mission to make technology products easy to use and their very low customer churn indicates a mission accomplished. Duka was listed amongst the 1,000 fastest growing IT companies in Europe on Financial Times list.

Duka is tapping into a growing 3.3 bnEUR European tech support market with an attractive business model based on subscriptions and already have a strong foothold in Denmark and Norway with more than 30,000 subscribers.

“We have throughout the process been impressed by the professionalism of Tofte & Company. They have impressed us both with the business understanding and deal making skills,” says Kim Krohn Gervin, CEO of Duka. “We have secured an attractive deal and Tofte & Company managed to find the perfect value adding partner in Executive Capital that has an extensive network and solid experience in developing technology businesses. Furthermore we felt the personal chemistry needed to engage on a joint journey.”

“Working with Tofte & Company has been a pleasure. They have impressive deal making skills and a professional approach,” says Klavs Vejlang (Chairman and partner at Executive Capital).

Duka is truly an innovative company build on a customer centric approach and strong values. They have managed to make the use of technology products easier thereby fueling the digitalization of the countries in which they operate. You sense the previous experience from both Kim and Rasmus (Thostrup Møller, COO of Duka) in terms of a professional driven organization relentlessly following a mission of best in class customer service. In Executive Capital they now have a partner with extensive experience and an impressive track record. I very much look forward to follow the journey of Duka,” says Thomas Tofte, Managing Partner of Tofte & Company.

About Duka:
Duka today employees more than 50 employees in Hinnerup outside Aarhus. The company was founded in 2010 to sell hardware to the senior segment without any IT knowledge and today has more than 30,000 subscribers with service and support for PC and mobile devices. Duka today offers 3 products (dukaPC, dukaPRO and dukaTALE).

About Executive Capital:
Executive Capital is an investment partnership formed by seasoned business executives that develops and professionalize Danish small and medium size companies through investing own fund and expertise. The partners of Executive Capital have typically been executives themselves and developed a smaller company to a larger international business and therefore has extensive experience with the challenges facing SMV’s.

Optimeo – Debt financing to fuel growth

Tofte & Company – Optimeo secures funding

“I am honoured to get to work with so many skilled entrepreneurs and happy to announce that we have assisted in securing a round of debt financing to fuel future growth for Optimeo“, says Sasja Dalgaard, Partner at Tofte & Company.

Tofte & Company facilitated the raise of capital for Optimeo in the Autumn of 2017. They were professional throughout the whole process, even if the clock was past five. We give our warmest recommendations to Tofte & Company,” says Kuno Ystrøm, Founder and Partner of Optimeo.

About Optimeo:
Optimeo provides strategic solutions in Online Marketing to small and medium-sized companies. They are Denmark’s fastest growing company within the industry, and have an ambition to expand into other countries within the next year.

AirHelp – Private Placement from Nordic Eye

Tofte & Company – AirHelp closes Investment from Nordic Eye

We are proud and happy to announce that AirHelp, the world-leading Air Passenger Rights company, has raised an investment from the Danish venture fund Nordic Eye.

The financing will help AirHelp further accelerate its growth via investment in claims handling capabilities to harvest on the massive inbound customer intake the company is experiencing. The funding will also accelerate efforts in the various partner relations the company has entered into.

In a market estimated to be worth up to $25 billion annually, AirHelp has quickly become a dominant player because of its rapid scale, flight disruption tracking technology and its user-friendly mobile phone app and online web form, which makes it easier than ever to file for compensation. Passengers can simply login with Gmail, TripIt, Outlook or Yahoo and start the search for past eligible flights, or enter their disrupted flight details into the system – within seconds they will know if they qualify for compensation – and at the click of a button they can file a claim.

“We have been following AirHelp from the side line for long and remain excited about their results. We are happy that we got to invest into the company and can now participate actively in the further development of the success that has already been created,” says Managing Partner, Peter Warnøe who will be joining the board as observer.

“The long lasting collaboration with Tofte & Company has been very satisfactory and a position is now reached where AirHelp can further accelerate its development,” says Henrik Zillmer, CEO of AirHelp. “With the recent investment we not only managed to secure funds for further growth but also important knowledge and network for our further expansion.” “It has been a pleasure working with Tofte & Company who have continuously impressed me with their ability to understand our business as well as their persistent support and impressive deal making skills to secure further funding. We look forward to go to market with our series B round next year based on many interesting investor dialogs already held.”

“I am very impressed by the traction and positioning AirHelp has obtained within their space. Henrik has persistently been pursuing his goal of creating the worlds leading Air Passenger Rights company and has in his journey shown remarkable execution skills,” says Thomas Tofte. “ I have never experienced a company with such an aggressive continuous growth – even after having reached scale and I can not wait to follow the journey as AirHelp continues to grow fueled by an amazing management team and a tier one investor group behind them.”

About AirHelp:

AirHelp is a Y-Combinator backed startup that helps travellers assert their legal rights and file for the flight disruption compensation they are rightfully entitled to under EU law.

Since its founding in 2013, AirHelp has helped over 5 million passengers for several hundreds of millions USD in flight disruption compensation for travelers worldwide. This makes AirHelp the world’s biggest company in its category.

AirHelp is live in 30 countries, offers support in 15 languages and employs more than 500 AirHelpers globally.

Zigna – Debt financing from Danish Growth Fund and private placement from US angel

Tofte & Company – Zigna secures funding

We are proud to announce that we have raised debt financing from the Danish Growth Fund and a private placement from a US based business angel.

“Tofte & Company facilitated investment for Zigna in the Autumn of 2017. They were very helpful and professional throughout the whole process, and no questions were left unanswered. They helped every step of the way. We give our warmest recommendations to Tofte & Company. Thanks to their help Zigna is now on a path to success,” says Jesper Lundsgaard Hansen, Co-CEO of Zigna.

About Zigna:
Zigna provides real estate agents with a complete set of online marketing tools to manage every element of their sales process from list to close. As an oasis in a fragmented industry of single-function apps and tools, Zigna allows agents to spend less time on administrative tasks and more time helping clients find their dream homes.