Nordic Capital, a German sector-specialist personal fairness investor, acquired a majority share in Sensio, an Oslo, Norway-based firm which focuses on monitoring expertise.
The quantity of the deal was not disclosed. Completion of the transaction is anticipated in Q3 2024 and is topic to customary regulatory approvals and shutting situations.
The earlier majority proprietor since 2018, Longship, will make investments alongside Nordic Capital as a major minority proprietor. By this transaction Longship will realise the funding from its Fund I and make a brand new funding from its newest Fund III. Longship will proceed to use their lively possession involvement and can in cooperation with Nordic Capital help the corporate within the subsequent stage of Nordic and worldwide enlargement.
Sensio is a supplier of sensible monitoring expertise for aged and social care settings within the Nordics, addressing challenges in take care of residents, sufferers, care personnel and society at massive. Its flagship providing consists of merchandise such because the Sensio 365 software program platform, the built-in Sensio Care wi-fi nurse name platform and RoomMate, a multisensory monitor for detecting and stopping falls.
The corporate offers its options to operators throughout Norway, Sweden, Denmark, and the UK, supporting take care of circa 70 000 care recipients by way of its expertise platform.
Nordic Capital is a sector-specialist personal fairness investor with a resolute dedication to creating companies by way of operational enchancment and transformative progress.
Since inception in 1989, Nordic Capital has invested EUR 25 billion in over 145 investments.
FinSMEs
12/07/2024
