Verdane sells Forte to Finnish telecoms group DNA

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Swedish secondaries investor Verdane Capital has sold data communications and security services specialist Forte Netservices to DNA, Finland’s third-largest telecoms operator

Financial details have not been disclosed, but Verdane partner at Henrik Aspén stated, “With the sale, a meaningful portion of the transaction price is returned to investors.”

Forte, a data communications and security services provider, is expecting to generate over $8m in sales this year from 60 different countries.

“Forte is a significant player in its market and complementary to DNA through its strength in the large enterprise segment. Combining the offering of the two companies makes a very compelling case,” said Verdane’s Juho Aminoff.

DNA hopes to strengthen Forte’s position in the corporate services space and will now be able to offer Forte services to its small-to-midsized business customers.

Verdane ETF III, the fund which formerly held Forte, was formerly known as Eqvitec Technology Fund III (ETF III), and was formed in March in a secondary direct transaction with Verdane Capital VII. Since the transaction, both funds are advised by Verdane Capital Advisors.

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