Over the past 18 months HgCapital has engaged in the acquisition and sale of companies for more than 2 billion DKK in the Nordics.(More than 7 billion globally)
A large part of these acquisitions were accomplished via our portfolio companies in the Nordic region. When a venture capital firm carries out acquisitions via portfolio companies, these acquisitions are mostly financed with the means that the venture capital firm manages for its investors (pension funds, banks, etc.). In connection with the acquisitions, resources will be directed to the existing portfolio companies.
During these 18 months Visma, e-conomic and Lumesse, have been the most active on the M & A side. You are wellcome to read more on these companies’ websites about their latest developments and the acquisitions that they have been involved in.
We have also been engaged in possible acquisitions of other large Nordic companies in the IT sector. Not all of this activity has resulted in acquisitions. The main reason is that some of the companies we looked into, did not fully meet the criteria we are looking for:
+ 20% growth, more than 100 million DKK revenue, preferably a recurring revenue model, saas or on the way to saas, a large internationalization potential and an option for controlling interest.
It’s always a little annoying when you have worked hard (due diligence) to land potential acquisitions, and you do not succeed. But it is often wiser to say ’Thanks – but no thanks’ and refrain from acquiring at too high a price or outside your core competence field.
I believe that this mindset, among other things, is what makes HgCapital – with a +50 billion DKK mandate and +20 portfolio companies – one of Europe’s best performing mid-size venture capital firms.
MIR får ny stærk bestyrelsesformand i Torben Frigaard Rasmussen.
Den fynske robotvirksomhed Mobile Industrial Robots oplever stor fremgang i sit andet år på markedet. Robotvognene ruller ud til kunderne og antallet af medarbejdere stiger konstant.
Nu har Odense-firmaet, som står bag en mobil robot, som blandt andet bruges på flere danske sygehuse, nu sikret sig en stor kapacitet som ny bestyrelsesformand.
Det er den internationale iværksætter Torben Frigaard Rasmussen, Odense, som er trådt ind som bestyrelsesformand.
Torben Frigaard Rasmussen har tidligere været involveret i firmaet som E-soft, Worldticket, Umbraco og E-conomics.
– Set i internationalt perspektiv har Danmark en unik position som frontløber inden for robotteknologi. MiR har åbnet for et helt nyt marked for mobile robotter med sit produkts brugervenlighed, fleksibilitet og sit lave prisniveau. Det ser meget lovende ud, også i kraft af det stærke team, der tegner virksomheden, siger den nye formand.
There’s an entrepreneur in every successful leader.
Leaders have that restlessness that makes them constantly looking for improvements, new options, new markets, and more growth. They’re eager for change, renewal, and development and have respect but lack an interest for basic operations, reports, long intern meetings and traditional operation assignments.
It is the entrepreneur with the sense for scaling and growth that will become a successful leader.
Sense for scaling is the key phrase, since many talented entrepreneurs don’t become leaders of a company with constant growth only because they haven’t mastered the scaling. Many entrepreneurs focus on being the ‘man of the house’ and being a part in every aspect of the business; knowing all the customers and employees and to be the center of attention.