Segulah IV L.P. has entered into an agreement to acquire DOCU Group Sweden AB (“DOCU Nordic”).
DOCU Nordic is the leading database and services provider to the Nordic construction industry, supplying clients with proprietary project and product information which is critical for its clients’ sales and lead generation.
In addition, DOCU Nordic operates Citymark which is a tool for commercial property owners to find tenants and SSIL a marketplace for providers of healthcare treatment centres and municipalities.
DOCU Nordic has offices in Ljusdal, Hudiksvall, Sveg and Täby in Sweden, Moss and Sandvika in Norway, Espoo in Finland and Rødovre in Denmark. The Company has approx. 320 employees. In 2013, sales amounted to MSEK 315.
DOCU Nordic is part of Docu Group which is owned by funds managed by GMT Com-munications Partners.
DOCU Nordics’s CEO Stefan Lindqvist comments: “I look forward to working with Segulah as majority owners in further developing the business and enhancing the value to our clients”
After Segulah’s acquisition has been completed, Lennart Kalén will be appointed new Chairman of DOCU Nordic. Mr Kalén is Chairman of the Segulah owned companies S:t Eriks and Balco. Lars Save, founder and former CEO of Bisnode, will be appointed non-executive director.
“DOCU Nordic is the Nordic market leader in its niche of supplying project and product information to the wider construction industry with solid growth fundamentals and I look forward to supporting management in further developing the business”, says Lennart Kalén
“We are very pleased with this transaction. DOCU Nordic is a stable and profitable busi-ness with attractive growth prospects going forward”, say Henrik Lif and Percy Calissen-dorff from Segulah Advisor AB.
The acquisition will be Segulah IV L.P.’s eleventh investment.
Lennart Kalén, new Chairman, Cell: +46 (0)70 536 26 00
Henrik Lif, Partner Segulah Advisor AB + 46 (0) 708 40 39 09
Percy Calissendorff, Partner Segulah Advisor AB, +46 (0) 73 347 62 81