Verdane

• Verdane Acquires Majority Stakes in Trifork Labs Portfolio (Axoniq, Dawn Health, Frameo, XCI)

  July 16, 2026

  Buyer

  Verdane

  Target

  Axoniq B.V., Dawn Holding ApS, Frameo ApS, XCI Holding A/S

  Seller

  Trifork Group AG

  Industry

  Cybersecurity

  Location

  Switzerland

  Type

  Buyout

  Verdane agreed to acquire majority ownership stakes in four technology businesses from Trifork Labs, the R&D/venture arm of Trifork Group. The portfolio includes Axoniq, Dawn Health, Frameo, and XCI, with Verdane acquiring 52% of the combined book value for a total cash consideration of EUR 22.8 million plus earnout payments.

• Nordic Capital to Acquire Liberis and Invest in Qred to Create a Global SMB Financing Platform

  June 18, 2026

  Buyer

  Nordic Capital XI, Nordic Capital Evolution I, Verdane

  Target

  Liberis, Qred

  Seller

  Blenheim Chalcot

  Industry

  Financial Services

  Location

  Sweden

  Type

  Buyout

  Nordic Capital announced an agreement to acquire Liberis, an embedded finance platform for SMBs, and to further invest in Qred, a digital small-business bank, combining the two into a single global SMB financing platform. The combined group is expected to have ~600 employees, revenues exceeding EUR 250 million, and an active SMB customer base of more than 53,000, with access to ~11.5 million addressable merchants across 17 countries.

• Summa Equity, Verdane and Kinnevik Invest NOK 1.5bn in Oda

  December 16, 2022

  Buyer

  Summa Equity, Verdane, Kinnevik

  Target

  Oda

  Industry

  E-Commerce

  Location

  Norway

  Type

  Growth capital

  Summa Equity, Verdane and Kinnevik are investing NOK 1.5 billion of new equity in Norwegian online grocery retailer Oda to support its profitable growth and international expansion. Existing shareholders (including Rasmussen Group and Prosus) are contributing an additional NOK 621 million through debt conversion, giving Oda an implied post-transaction equity value of approximately NOK 3.5 billion.

• TA Associates, PSG and Verdane Invest in Hornetsecurity

  September 6, 2022

  Buyer

  TA Associates, PSG Equity, Verdane

  Target

  Hornetsecurity

  Industry

  Cybersecurity

  Location

  Lower Saxony, Germany

  Type

  Growth capital

  Hornetsecurity, a Hanover-based cloud security and compliance SaaS provider, has received a strategic growth investment from TA Associates, joining existing investors PSG Equity and Verdane in a co-control partnership with management. The capital will support product build-out, international expansion and continued M&A as Hornetsecurity scales its email security, backup and compliance offerings.

• Verdane Acquires WoolOvers, Purity Soft Drinks and Lumene from Langholm Capital

  September 15, 2021

  Buyer

  Verdane

  Target

  WoolOvers, Purity Soft Drinks, Lumene

  Seller

  Langholm Capital Partners

  Industry

  Consumer Products

  Location

  United Kingdom

  Type

  Buyout

  Verdane, the Northern European growth equity investor, has agreed a majority acquisition of a portfolio of three consumer businesses — WoolOvers, Purity Soft Drinks and Lumene — from Langholm Capital. The combined portfolio has run‑rate revenues of ~EUR 155 million and EBITDA of ~EUR 14 million; Verdane said it will support international expansion and strengthen the companies’ online/D2C capabilities.

• Verdane Acquires Silva and Nordic Vehicle from Karnell

  June 30, 2021

  Buyer

  Verdane

  Target

  Silva, Nordic Vehicle

  Seller

  Karnell

  Industry

  Manufacturing

  Location

  Sweden

  Type

  Buyout

  Verdane has acquired Silva, a Swedish outdoor-sports equipment brand, and Nordic Vehicle, a Swedish specialised vehicle converter, from Nordic private equity firm Karnell. The acquisition — executed by Verdane Capital X — will support digitalisation and e-commerce expansion for Silva and strengthen Nordic Vehicle's leadership in a fragmented market under Verdane's ownership.

• Hornetsecurity Acquires Zerospam

  March 25, 2021

  Buyer

  Hornetsecurity Group, PSG, Verdane

  Target

  Zerospam

  Industry

  Cybersecurity

  Location

  Quebec, Canada

  Type

  Addon

  Hornetsecurity Group has acquired Zerospam, a Montreal-based cloud email protection specialist, to accelerate its North American expansion and broaden its email security and compliance offerings. The transaction is supported by Hornetsecurity shareholders PSG and Verdane; financial terms were not disclosed.

• EQT and Verdane Merge FocusVision and Confirmit

  January 7, 2021

  Buyer

  EQT, Verdane

  Target

  FocusVision, Confirmit

  Industry

  Cloud & SaaS

  Location

  New York, United States

  Type

  Buyout

  EQT and Verdane announced the merger of their portfolio companies FocusVision (majority owned by EQT Mid Market US) and Confirmit to create a combined research-technology business led by Confirmit CEO Kyle Ferguson. The transaction is intended to combine complementary experience-insights and market-research software capabilities to accelerate product innovation, scale global delivery and provide expanded solutions to customers; closing was conditioned on regulatory approvals and expected in Q2 2021.

• Nomentia (NewCo) Formed as PSG-backed Platform to Acquire Analyste

  June 29, 2020

  Buyer

  Nomentia (NewCo), Providence Strategic Growth (PSG), Verdane

  Target

  Analyste International Oy

  Industry

  Cloud & SaaS

  Location

  Finland

  Type

  Addon

  Providence Strategic Growth (PSG) has created a new company (NewCo, later branded Nomentia) to house OpusCapita's Cash Management business and will acquire Finnish cash-management specialist Analyste. PSG will own a majority of the NewCo while Verdane and management will retain minority stakes; the combined company will provide SaaS cash- and treasury-management solutions to customers across SMB, enterprise and public sectors.

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