Private debt investment in Admincontrol AS in Norway

Armada Mezzanine Fund IV has provided financing in support of the primary LBO of Admincontrol AS (“AC” or the “Company”) by Herkules Private Equity Fund IV. AC is a leading provider of cloud based secure board portal solutions and virtual data room solutions in the Nordic countries.

AC (www.admincontrol.com) was established in Norway in 2005 by SaasGarden and has at present implemented ~850 recurring board portal customers in six countries. Since inception, AC has delivered profitable growth, and the company continues to deliver more than 50% annual y/y sales growth. AC has built a large blue chip customer base across the Nordic countries. With c.40 employees, the company serves major private and public organisations that value confidential collaboration on and handling of corporate documents. AC’s technology is a scalable platform that enables multiple best practice solutions for corporate governance. It facilitates secure sharing and collaboration between key stakeholders in an organisation, such as board members, shareholders, auditors and management, through a family of bespoke solutions built on a shared core technology. The AC platform is cloud based and accessible anytime anywhere, online and offline, via PC, MAC or iPad. Users will have access to all historical documents, notes and collaboration details, on all devices.

“It is an interesting opportunity for us to take part in this transaction and we have great confidence in both management and Herkules team. The investment will fit well in our portfolio due to AC’s market leading position, attractive growth drivers and defensive characteristics”, says Jan Wiklund, Partner of Armada Mezzanine.

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.