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New Deal


Announced

Completed

Aars completed a $11m investment in Iterate.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software services

Software

Minority

Single Bidder

Norway

Acquisition

Private Equity

Domestic

Friendly

Completed

Private

Synopsis

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Aars, an investment services provider, completed a $11m investment in Iterate, a software developer. “Iterate's vision is to give employees the opportunity to pursue their dreams. Most successful entrepreneurs came up with their ideas while being employed. So at Iterate, we want to let our employees develop their ideas with us instead of leaving to pursue them. Employees can in a sense ‘play’ with those ideas during their normal work hours. If those ideas start to work they can even establish their own company while still with us. With Aars on the team now even more of our future entrepreneurs will have the opportunity to bring their idea to life," Kim Ophus Leskovsky, Iterate Co-Founder.

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