Pressmeddelande -
Verdane Capital acquires companies from BrainHeart
The Venture capital firm Verdane Capital acquires a portfolio of four unlisted companies focusing on mobile Internet from BrainHeart Capital. The portfolio consists of two larger holdings, Wireless Maingate and Åkerströms RRC and two smaller holdings in the American companies, Meru Networks and Aeris.
Wireless Maingate has successfully established itself as the leading mobile service provider in the field of machine-to-machine communications while Åkerströms RRC is the market leader in the Nordic region in the area of industrial radio controls. The seller is venture capital firm BrainHeart Capital, whose investors are Ulf Jonströmer, The Sixth AP Fund, Skandia Life, The Fourth AP Fund, Confederation of Swedish Enterprise, IBM and Partners Group.
“This transaction strengthens Verdane Capital’s position in the Nordic region in the secondary direct market for portfolios of unlisted companies. After this acquisition, Verdane Capital will manage a portfolio 85 company holdings operating in different industries. Both Wireless Maingate and Åkerströms RRC are profitable and show positive cash flow. There are excellent possibilities to, along with management in the respective companies, develop the companies to a position as leaders in their segments in Northern Europe, in the same way we have done with a number of the companies we have previously been engaged with,” says Peter Gullander, a partner with Verdane Capital.
BrainHeart Capital focuses on Spring Mobil, Åkerströms Trux and Spinbox in the existing portfolio in parallel with a large investment in building up international mobile operators for the business market.
“We are clearly satisfied with the transaction and believe that Verdane Capital will be a good owner for the four companies that have enjoyed positive development in later years,” says Ulf Jonströmer, CEO and founder of Brainheart Capital.
“It has been a very good process with several competitive bidders. Players such as Verdane have increased the liquidity in the venture capital market, which improves the conditions for further development of unlisted companies,” says Cecilia Gross Friberger, Portfolio manager for Venture Capital for The Sixth AP Fund.
For more information contact:
Peter Gullander, Partner Verdane Capital Advisors. Tel: +46 733 12 17 41,
e-mail: peter.gullander@verdanecapital.com
Ulf Jonströmer, CEO and founder BrainHeart Capital. Tel: +46 733 77 99 02,
e-mail: ulf.jonstromer@brainheart.com
Ämnen
- Ekonomi, finans
Kategorier
- brainheart capital
- venture capital
- wireless maingate
- åkerströms rrc
- meru networks
- aeris
- portfolio
About Verdane Capital
Verdane Capital has extensive experience in the venture capital market, in advisory as well as portfolio management as well as through direct investments. The company’s primary focus is on acquisition of portfolios of unlisted holdings. Verdane Capital Advisors was established in 1985, and has since then served as advisor to and manager of six funds, of which the most recent is Verdane Capital VI KS, based in Denmark. The company’s active funds have capital under management of approximately SEK 4 billion and currently approximately 85 holdings in five different funds. Verdane Capital Advisors has its headquarters in Oslo, and an office in Stockholm with a total of 22 investment professionals employed. Example investments include; Axlon, Bythjul, DIBS, Ikivo and Klippan. Previous fund investments included, among others, Agresso, Coding Technologies, Chipcon, Infostream, Nacre, Opera Software and Provida. Since the autumn of 2005 the investment team in Stockholm has served as advisors in relation to 7 portfolio transactions in the Nordic region and currently manages approximately 50 holdings in Sweden. www.verdanecapital.com
About BrainHeart
BrainHeart Capital is an industrial venture capital company focused on investing, building and selling companies in the area of wireless applications and technology. BrainHeart manages SEK 1.4 billion for investors such as The Sixth AP Fund, Skandia Life, The Fourth AP Fund, Confederation of Swedish Enterprise and IBM. Among companies developed by BrainHeart are Spring Mobil, Spinbox, Åkerströms Trux, Åkerströms RRC (acquired by Verdane), Mobeon (acquired by Ericsson). The company’s operations are built around three people with extensive experience in the telecom and wireless IT fields: Ulf Jonströmer, Anders Björkman and Kent Sander. www.brainheart.com
