- Mogens Elsberg was appointed as Cepheo’s new chairman of the board
- Polaris is the majority owner and co-invests in Cepheo alongside the management team
- Polaris is a Nordic investment company based in Copenhagen, Denmark
Polaris announced that it has concluded the management buyout (MBO) of a Microsoft dynamics consulting business. No financial details of the transaction were disclosed.
The acquired business will be relaunched under the new brand name, Cepheo, with around 400 employees, according to a release.
Cepheo is a provider of Microsoft dynamics in Scandinavia and is located at 11 offices in Denmark, Norway, Sweden and Poland.
Mogens Elsberg was appointed as Cepheo’s new chairman of the board, the release said.
“The industry outlook is strong, and our partnership is well-positioned for profitable growth and market share expansion as a strong and focused stand-alone business,” said Allan Bach Pedersen, partner at Polaris.
This is Polaris’ second platform investment in April following the acquisition of Sealing System.
Polaris’s acquisition of Cepheo was headed by René Ebbesen, the company’s former Northern Europe general manager, and Jørgen Jakobsen, former Nordics & Eastern Europe VP.
Ebbesen and Jakobsen will co-invest in Cepheo with other management team members and are appointed as co-CEOs, the release added.
Polaris is the majority owner and co-invests in Cepheo alongside the management team.
Polaris is a Nordic investment company, based in Copenhagen, Denmark, which invests in and provides capital to medium-sized companies in the Nordics. The firm has obtained capital commitments of €2 billion.