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Verdane Capital picks up e-commerce company portfolio

28 Jun 2011

Swedish secondaries investor Verdane Capital has acquired a portfolio of seven e-commerce companies from local media-focused growth capital investors Aggregate Media and B Media Invest.

The sixth investment from its Verdane Capital VII and the firm’s fourth investment in a portfolio of e-commerce companies, the acquisition positions Verdane as the largest Nordic private equity investor in the industry.

The portfolio includes Compricer, a price comparison tool for insurance and mortgages, the petfood website Foderbilen and Reseguiden, a travel website.

Staffan Mörndal, partner at Verdane Capital Advisors, said “We are seeing a global migration to online markets, with typical growth rates in the EU-countries of between 10 per cent and 30 per cent annually.

“We have built considerable experience through Verdane Funds’ investments in the space and the geographic footprint has allowed us to help build a number of local market leaders into strong Nordic players,” he added.

In March, Verdane took stakes in a sheaf of 12 Finnish technology companies through the acquisition of a fund previously managed by Finnish firm Eqvitec Partners.

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