Stirling Square, TA, Macquarie in SKr10.1bn bid for Byggfakta

Byggfakta is a software and information company within the construction industry.

  • The consortium offers SKr46 in cash for each share in Byggfakta
  • Stirling Square and TA already own approximately 67.4 percent of all shares in the company
  • Byggfakta’s shares are listed on Nasdaq Stockholm

Stirling Square, TA and Macquarie Capital, through Giant BidCo, have announced a recommended public offer to acquire all shares in Byggfakta Group Nordic for SKr46 (€4; $4.5) in cash per share. The offer values all shares in Byggfakta at approximately SKr10.1 billion.

Byggfakta Group, listed on Nasdaq Stockholm, is a software and information company within the construction industry. The company is based in Ljusdal in Sweden.

Stirling Square and TA already own approximately 67.4 percent of all shares in the company. The value of the shares not owned by the bidders is around SKr3.2 billion. TA acquired a “significant” minority stake in Byggfakta in September 2020, alongside existing investor Stirling Square.

An independent bid committee of Byggfakta’s board of directors unanimously recommends the shareholders to accept the offer, according to a statement.

“As long-standing shareholders of Byggfakta, Stirling Square and TA have strong belief in the company’s future prospects and are dedicated to establishing Byggfakta as a leading information services and software provider to the global construction industry,” said Henrik Lif, partner at Stirling Square. “Achieving such a position requires access to additional growth capital and operational resources to accelerate the long-term delivery of its stated strategy, including additional international M&A. Stirling Square and TA, together with Macquarie Capital, a leading global investor, are committed to supporting this transformation and believe it is best suited to a private markets environment.”

Stirling Square is a pan-European mid-market private equity firm based in London

TA is a global private equity firm headquartered in Boston.

Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. The firm is based in Sydney.