Armada Mezzanine Fund IV has provided mezzanine financing in support of the acquisition of Daldata AS (“DD” or the “Company”) by Procuritas Capital Investors V LP. DD is a leading provider of accounting software and hosting of data to the Norwegian SME market, with a focus on accounting firms and the agricultural vertical.
Daldata AS (www.daldata.no) is a Norwegian company, founded in 1982, that has established itself as a top accounting software and cloud service provider to the Norwegian accounting and agriculture sector as well as to other Norwegian SMEs. Based on accounting and end-customer knowledge, the company has created a leading product within its core focus segments and been able to respond to the changes in customer needs and technology. The Company serves approximately 5,000 customers yearly and operates from six offices across Norway (headquartered in Tynset). Its cloud services are provided from its own state of the art data centre.
“It is an interesting opportunity for us to take part in this transaction and we have great confidence in both management and Procuritas team. The investment will fit well in our portfolio due to DD’s market leading position, attractive growth drivers and defensive characteristics “, says Jan Wiklund, Co-Managing Partner of Armada.
For more information, please contact:
Jan Wiklund tel. +46 70 551 4054 or Johan Svensson +46 70 360 6553 at Armada Mezzanine Capital Oy, Stockholm branch.