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New Deal


Announced

Goldman Sachs Merchant Banking Division to invest in Advania.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
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EV/EBITDA-
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Tags

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Sweden

Private

it services

IT Services: Other

Acquisition

Private Equity

Friendly

Cross Border

Single Bidder

Majority

Pending

Synopsis

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Goldman Sachs Merchant Banking Division agreed to invest in Advania, an IT-provider in Northern Europe with operations in Sweden, Iceland, Norway, Denmark and Finland. Financial terms were not disclosed. "Goldman Sachs is a global leader in private equity, with a strong track record of investing in the technology sector and in the Nordics. To partner with them is not only a stamp of approval of what we have achieved so far but also a promise to everyone here at Advania that the journey ahead will be full of excitement and new possibilities. Most important is that we can stay true to our core ambition: to be a real partner to all customers and a great workplace that keeps on attracting the best talent," Mikael Noaksson, Advania CEO.

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