Norvestor invest in Globeteam A/S
Norvestor VIII SCSp (“Norvestor VIII”), has signed an agreement to acquire the majority of the shares in Globeteam A/S (“Globeteam” or “the Company”), a leading IT service provider offering high-end consultancy to public and private customers.
Established in 2001, Globeteam’s solutions facilitates end-to-end digital transformations through formulation and implementation of IT strategy, IT maintenance and operations and in development of new IT solutions. The Company is known for a very high level of client satisfaction, often taking the role as a trusted advisor.
“Globeteam is a very attractive investment for Norvestor. The Company has built a distinctive business model that allows it to attract some of the best t alent to deliver some of the best consultant services to its clients, demonstrated through a track record of customer satisfaction and consistent growth over a number of years. We will now support the experienced management team in further expansion in Denmark as well as in the greater Nordic market. We are very pleased to partner up with such a strong management team and also look forward to working with the co-investor, Kirk Kapital, who we see as a very competent partner”, says Kasper Skovgaard Kristensen, Investment Director at Norvestor.
We are enthusiastic and grateful that Globeteam has chosen Norvestor as their growth partner for the Nordics and beyond. Our experience in building tech-enabled services businesses, together with the unique culture of consultants Globeteam has built is an extremely potent match with huge potential also outside Denmark”, says Henning Vold, Partner at Norvestor.
We are delighted to team up with the Norvestor team. They have deep experience within the IT business services sector, a track record of supporting companies like ours and they truly understand our business model and our DNA. Together we will make great things happen”, says Claus Moldow, CEO and founder of Globeteam.
Following the acquisition, Norvestor is the largest shareholder in Globeteam with c. 55% of the shares. The Company’s management and the current co-owner, Kirk Kapital, have reinvested to hold the remaining shares. The acquisition is pending approval from the Danish competition authorities.
For further information:
Henning Vold, Partner at Norvestor Advisory
Telephone: +47 908 79 581
Kasper Skovgaard Kristensen, Investment Director at Norvestor
Telephone: +45 51 51 03 78
Claus Moldow, CEO
Telephone: +45 26 31 00 01
Globeteam is a consultancy firm that helps optimize IT and business potentials based on digitization, highly technical specialization and solid business understanding. The synergy between the consultants’ strong skills and Globeteam’s unique business model is what sets us apart in the market and makes Globeteam a competent and professional partner in complex transition projects. Globeteam offers services within Business Consulting, infrastructure, development, and cyber and information security.
Norvestor is a leading private equity firm focusing on mid-market buyouts in the Nordic region with offices in Oslo, Stockholm, Helsinki, Copenhagen and Luxembourg. The team has worked together since 1991 making it one of the most experienced private equity teams in the Nordics, having executed 75 investments with more than 300 follow-on M&A transactions, in addition to executing 52 exits including 16 IPOs. The Norvestor funds seek to invest in growth companies in the Nordic mid-market that have potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries and by geographic expansion.