- Summa will re-invest as a minority investor
- Infobric is headquartered in Jönköping, Sweden
- Stirling Square is a pan-European investor targeting mid-market businesses
No financial terms of the transaction were disclosed.
Infobric is headquartered in Jönköping, Sweden. The company has a suite of SaaS products.
This transaction, which is a growth investment, has a significant employee ownership component and was the result of an auction process, PE Hub Europe understands.
Summa will re-invest as a minority investor alongside Stirling Square, and Infobric’s management team.
“We look forward to bringing our experience in the ConTech sector to support the business to accelerate its impressive growth trajectory including enabling further international growth and expanding the software offering,” said Henrik Lif, partner at Stirling Square.
Summa Equity acquired Infobric in 2018.
Infobric has witnessed geographical growth and expanded its offering, while making several acquisitions across the sector, under Summa’s ownership.
Stirling Square is a pan-European investor targeting mid-market businesses. The London-based firm manages over €3 billion on behalf of a global investor base. It invests in companies between €100 million to €500 million enterprise value range.
The firm’s other investments in global construction technology companies, include Byggfakta, NBS, Glenigan, Vortal and BCI Central.
Summa is a private equity firm headquartered in Stockholm. The firm manages assets around €4 billion.