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Internship at Summa Equity Oslo

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Are you ambitious, progressive, eager to learn and to contribute positively towards some of the most important challenges we face today? If yes, would you like to be one of us for a period?

We are a thematically focused Nordic private equity firm, focusing on Resource Efficiency, Changing Demographics, and Tech-enabled businesses. Summa was formed with the purpose of investing in companies that offer solutions to our social, environmental and business challenges and thus have strong value creation potential.

We are seeking interns to our office in Oslo. The internship is conducted on a full-time basis during Fall 2019. The internship will last between 3 and 6 months depending on your availability.

To succeed in the role, you should have:

  • Strong analytical and problem-solving skills
  • Outstanding grades and motivation to build companies positively contributing to society
  • Interest in learning, and you thrive working in a radically honest and transparent environment

Previous work experience from banking, management consulting or an investment firm is beneficial, but not required as we strive to build a team with diverse backgrounds.

You will become an integral part of Summa’s investment team and be involved in investment processes, including identification of investment opportunities, valuation, due diligence and other relevant topics. In addition, you will work with our existing portfolio companies.

As an intern you will be responsible for the following:

  • Identify investment opportunities with high value creation potential across our themes
  • Prepare valuation documents
  • Implement industry and company analyses
  • Work with corporate development in Summa Equity’s existing portfolio companies

If you are interested, please send your application (incl. resume and grades) to the following address: elisabeth.aanonsen@summaequity.com

Should you have any queries, please contact Michael Vollset on +47 902 10 151 or michael.vollset@summaequity.com

Deadline for submitting your application is 15 May 2019.

Please visit our website for more information about Summa Equity, https://summaequity.com/

Summa Equity (“Summa”) won the Impact Investor award and the Deal of the Year award for Sortera.

“Being honored with two awards at the inaugural Real Deals ESG Awards is overwhelming and a great honor. Our investment thesis has remained the same since the inception of Summa in 2016. We firmly believe that climate change is the biggest investment opportunity to date. As a purpose-driven firm, we value contributing to the solutions to the challenges of the environment, society, and government. We want to thank our LPs for taking the risk on our unproven strategy six years ago and our Summates who left their jobs to solve our global challenges,” commented Reynir Indahl, Founder and Managing Partner at Summa Equity.

The 1st edition of the read Deals ESG Awards was held at The Landmark Hotel in London and brought together 250+ of the most influential firms to celebrate its achievements towards making positive change through ESG in private equity.

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  4. Internship at Summa Equity Stockholm

Internship at Summa Equity Stockholm

  • News

2 min read

Are you ambitious, progressive, eager to learn and to contribute positively towards some of the most important challenges we face today? If yes, would you like to be one of us for a period?

We are a thematically focused Nordic private equity firm, focusing on Resource Efficiency, Changing Demographics, and Tech-enabled businesses. Summa was formed with the purpose of investing in companies that offer solutions to our social, environmental and business challenges and thus have strong value creation potential.

We are seeking interns to our office in Stockholm. The internship is conducted on a full-time basis during Fall 2019. The internship will last between 3 and 6 months depending on your availability.

To succeed in the role, you should have:

  • Strong analytical and problem-solving skills
  • Outstanding grades and motivation to build companies positively contributing to society
  • Interest in learning, and you thrive working in a radically honest and transparent environment

Previous work experience from banking, management consulting or an investment firm is beneficial, but not required as we strive to build a team with diverse backgrounds.

You will become an integral part of Summa’s investment team and be involved in investment processes, including identification of investment opportunities, valuation, due diligence and other relevant topics. In addition, you will work with our existing portfolio companies.

As an intern you will be responsible for the following:

  • Identify investment opportunities with high value creation potential across our themes
  • Prepare valuation documents
  • Implement industry and company analyses
  • Work with corporate development in Summa Equity’s existing portfolio companies

If you are interested, please send your application (incl. resume and grades) to the following address: rehab.abdelkader@summaequity.com

Should you have any queries, please contact Johan Pietilä Holmner on +46 702 554 590 or johan.pietila.holmner@summaequity.com

Deadline for submitting your application is 15 May 2019.

Please visit our website for more information about Summa Equity, https://summaequity.com/

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  4. Lakers continues Nordic expansion with four acquisitions

Lakers continues Nordic expansion with four acquisitions

Stockholm, 22 March 2019 – Lakers Group, the leading independent water pump service company in the Nordic region, continues its Nordic expansion. It has completed four acquisitions during the last months. The new companies joining Lakers Group are Elmotorservice Syd and Öhbergs Pumpeservice in Sweden, A & J Pumpservice in Finland and Elmodan in Denmark, increasing Lakers’ pro-forma revenues to NOK 350 million.

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“We are excited to welcome four new companies to the Lakers Group. With the acquisition of A & J, Lakers also makes it’s first acquisition in Finland, making Lakers present in all Nordic markets,” said Carl-Johan Callenholm, Founder and CEO of Lakers.

Summa Equity Fund I acquired a majority stake in Lakers Group AB in October 2018.

“Summa acquired Lakers with a strategy to support a continued ambitious growth plan. The four acquisitions complement Lakers and strengthen Lakers’ position as the leading independent water pump service company in the Nordic region,” said Johannes Lien, Partner at Summa Equity.

The new companies acquired by Lakers are:

Öhbergs Pumpservice (Sweden), a service company working with waste water applications for municipal as well as industry customers. Historically they have also worked a lot with pressurized sewage systems. The company was established in 1957 and has become well-known in the industry with a strong position in the Stockholm area.

Elmotorservice Syd (Sweden), a company focused on sales and services of power tools, electric motors, fans, transmissions and pumps. Over the years Elmotorservice has developed a strong focus on dewatering pumps and has a close cooperation with leading suppliers in the dewatering segment. The company was founded in 1999 and has operations in Ystad and Simrishamn.

Elmodan (Denmark), a company specializing on pumps, generators and power tools, being known for providing a service beyond normal. Established in 1959, Elmodan has two premises with workshop, warehouse and exhibition in Næstved and Ishøj.

A & J Pump Service (Finland), offers comprehensive maintenance and repair services related to waste water and basic water pumps as well as suction vehicle services for industry, properties and construction with high pressure and vacuum trucks. The company was established in 2008. It has an office in Helsinki and operates mainly in the metropolitan area, in the Uusimaa region and in Lahti.

To secure continuity and utilize experience, existing managing directors remain in their positions in all companies.

Summa Equity is amongst the first Private Equity firms to commit to the UN Sustainable Development Goals. Lakers’ acquisitions are aligned with goal #6: “Ensure availability and sustainable management of water and sanitation for all”.

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  4. Summa Equity acquires Olink Proteomics

Summa Equity acquires Olink Proteomics

Summa Equity acquires Olink Proteomics, a Swedish life science company that has developed a unique technology for human biomarker discovery, targeting the global biopharma and academic research and discovery markets. Olink’s purpose is to enable precision medicine through proteomics, thereby contributing to advancing healthcare worldwide. Summa Equity is excited to support this development, and to continue building its base of investments within life science.

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Summa Equity focuses on investments in companies that help solve global challenges. Olink Proteomics is providing a unique technology to vastly improve our understanding of proteins within the human body. Proteomics, i.e. the large scale study of proteins, is one of the most important areas for gaining insights in human biology and disease, as protein expression profiles are critical in reflecting states of health. The acquisition of Olink Proteomics is aligned with Summa Equity’s Changing Demographics theme and it supports the UN Sustainable Development Goal Target #3: “Ensure healthy lives and promote well-being for all at all ages”, by enabling improved treatment and patient outcomes across a large number of disease areas.

Olink Proteomics was founded in 2004, based on pioneering research at Uppsala University, under the oversight of Prof. Ulf Landegren and his team of researchers. The company has a unique technology for protein analysis, which provides substantial benefits over other existing technologies in the market by enabling a more efficient and precise analysis of much larger numbers of proteins. This technology improves understanding of the interaction of proteins and human disease, which is required to enable improved treatments within many clinical areas.

The company has grown very rapidly over the past years, quickly expanding its scope of activities across the global market for life science, with a growing footprint across North America, Europe and Asia. Olink Proteomics is headquartered in Uppsala, Sweden, but also has facilities in the US. Olink Proteomics has approximately 110 employees across its current locations.

”The scientific and business opportunities for Olink Proteomics are enormous, as its technology is radically transforming the market for proteomics, thus enabling improved patient treatment. We look forward to supporting the company in its ambition to continue investing in improved customer solutions, and its effort to roll out its technology on a world-wide basis,” said Tommi Unkuri, Partner at Summa Equity.

”We are very happy to have Summa Equity as our new owner. They have shown a deep understanding of our technology and the markets we are addressing. They will be able to support us in scaling up our operations across markets, and drive benefit for customers, patients and the research community,” said Jon Heimer, CEO of Olink Proteomics.

Summa Equity will be the majority shareholder in Olink Proteomics, whilst the management team and Ulf Landegren will remain as shareholders in the company. Summa Equity has been supported by a global team of advisors, including Moelis & Company LLC as financial advisor, White & Case as legal advisor, LEK Consulting as commercial advisor and KPMG as accounting advisor. J.P. Morgan Securities LLC served as Olink Proteomics’ financial advisor and Wiggin and Dana LLP and Lindahl served as its legal advisors.

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  4. Summa expands footprint in Smart Energy market with investment in Metry

Summa expands footprint in Smart Energy market with investment in Metry

Stockholm, 5 March 2019 – Swedish energy tech company Metry, whose platform helps the real estate sector digitise and structure energy data to become more energy efficient, is announcing a rights issue and investment of 14 million SEK. The funds will support the continued development of the company’s position as an unbiased/independent actor in the ecosystem for energy data. The lead investment comes from Summa Equity, followed by Chalmers Ventures, angel investors and Metry’s chairman of the board Andreas Rydholm.

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In a reality where 40% of the world’s energy data is consumed by the real estate sector, Metry has built a platform that digitises the availability of energy data and helps the real estate sector become more energy efficient. Metry manages billions of data points for Sweden’s largest real estate companies, such as Vasakronan, Catena, Rikshem and Kungsleden. With Metry, the users can focus on saving energy, instead of spending time on data collection and administration. The fundings will boost continued development of the company’s position as an unbiased actor in the ecosystem for energy data, while growing in Sweden and abroad.

— Since sustainability is one of the core values of Metry, Summa Equity’s purpose and investment focus on solving global challenges is a great fit. The new growth funds serve as proof that many out there share our vision to help build a more energy efficient real estate sector. We look forward to continued growth and feel empowered going forward to have Summa Equity onboard supporting our journey, says Joel Torkelsson, Chief Commercial Officer and co-founder in Metry.

— We are excited to support the great team in Metry in creating a more digitised and energy-efficient building sector which currently accounts for 36 % of the CO2 emissions in Europe. Summa has already since 2016 invested in Egain, the leading provider of building energy management solutions, and we are expanding our commitments in a fast developing Smart Energy market. The purpose is to make the relevant data easier available and use data smartly to reduce energy waste, improve customer comfort, and improve real estate values. We believe Metry can be an important part of this development, says Gisle Gluck Evensen, Director in Summa Equity.

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  4. Summa Summarum

Summa Summarum

While we are all worried about the state of the world, we are also seeing positive changes. One particular encouragement is the widening investor-recognition that companies incorporating solutions to environmental, social and governance challenges, will show stronger growth and returns, while having lower risk.

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In this letter, we share what we have learnt from investing in the world we want.

When fundraising for Fund I, we had to explain to investors how aligning our investments with the UN Sustainable Development Goals (SDGs) would create higher returns. To date, the portfolio of companies advancing the SDGs in Summa Equity Fund I has performed strongly.

25th of February 2019 we closed our Fund II at SEK 6.5 billion, three years after inception of the firm.

However, this time, the fundraising was different.

Investors were eager to commit. The investment community has started to understand that externalities and returns are increasingly correlated. It is necessary to have a successful and future-proof business. This makes us optimistic!

Today, the world is at a tipping point.

Several challenges are unfolding simultaneously, after decades of build-up:

  • Climate change is leading to extreme weather volatility. The latest IPCC report highlights the future risks we are exposed to and the need for immediate actions. The World Economic Forum Global Risk Report, launched in January 2019, lists extreme weather events and failure of climate change mitigation and adaptation as two of the top three risks in terms of likelihood and impact
  • Inequality and social uprising increase, impacting the workforce and marketplace
  • Technology disrupts industries, affecting people and their jobs
  • We have damaged the biosphere over the past decades, with significant loss of biodiversity
  • Our democratic bodies, both in Europe and the US, are becoming increasingly polarized. This is creating uncertainty and difficulties in effectively addressing these issues
  • Growth is stagnating. Countries, banks and companies have had elevated debt levels since the Global Financial Crisis 2007-2008, increasing economic risk.

In this uncertain world, we do however have some certainties that bring business opportunities:

  • Population is increasing from 7 to 10 billion by 2050. This rapid growth strains our natural resources, but creates growth in recycling and agri-tech industries
  • We live longer, bringing growth in the healthcare- and infrastructure sectors
  • People are moving because of unrest and urbanisation. This creates investment opportunities in education, security, public services, real estate, and infrastructure
  • We need to reduce CO2 emissions, improve energy efficiency and promote renewable energy consumption. This is making energy efficient technologies, energy infrastructure solutions and smart cities attractive investment opportunities.

Our biggest challenges are our biggest investment opportunities.

At Summa Equity, we take a thematic megatrend approach to investing, and focus on:

  • Resource Efficiency, including recycling, energy efficiency, agri-tech and circular economy
  • Changing Demographics, including healthcare, education, and security services
  • Tech-enabled Businesses, including companies digitising processes and thereby for example increasing efficiency in the value chain, providing more transparency and improved compliance.

We invest to solve the global challenges. We also invest carefully to provide superior returns. Most investors traditionally saw these two goals as incompatible. That is no longer the case.

What got us here will not get us there.

All companies fulfil a valuable role for their customers. If they don’t, our market system puts them out of business. Businesses create both positive and negative externalities. In many industries, there is a high correlation between positive outcomes for society and business success. Take for instance a healthcare company that must make its customers healthier to succeed. It will create positive externalities. However, oil and gas companies, for example, have historically created negative externalities.

Until recently, most investors have been largely agnostic about these externalities. Now we are beginning to see a significant change. There is an increasing correlation between positive outcomes for society and business success. And a higher awareness of the correlation between negative outcomes and the lack of how future-proof the business is. Unless investors and owners understand and incorporate this, the risk-reward ratio will drastically worsen. Investors need to start accounting for negative externalities and business leaders need to innovate for positive externalities.

We had the ability to respond. So, we took responsibility.

Summa Equity was amongst the first Private Equity firms to commit to the SDGs and to align our investment and value creation strategy with this framework. The 17 SDGs should be used as the world’s business plan. They also provide an excellent framework for assessing risks and opportunities.

We believe that companies that develop the best solutions to the challenges society faces will outperform, attract capital and the best people. Investing in these companies will create higher returns and it will contribute to the positive change we need.

In Private Equity, investment focus has moved from financial engineering in the 1980s, to operational improvement in the 1990s, to strategic improvement and institution building in the 2000s. Now we are in the 4th generation of Private Equity development, where purpose, stakeholders, and externalities are fundamental to value creation and future proofing the portfolio. There are amazing business opportunities in solving the challenges we face.

We expect to take a long-term perspective on our investments and sell to buyers who do the same. We do not deal in short-termism. Our exit options and exit valuations are affected by the outlook of ten or more years, which includes assessing how future-proof the company is. Given that we are only a few years away from knowing which of the climate change scenarios we are on, we will also evaluate the risk and impact of these on our investments.

Professor George Serafeim is one of our advisors. His research at Harvard Business School shows that purpose-driven companies exhibit higher levels of motivation and better performance. We all want to be part of the solution rather than the problem.

It encourages us to see that other investors are following a similar approach to Summa Equity. The investment opportunity is big and attractive, driven by the increasing and urgent need for solutions. So, while it is now making strong economic sense, we also need to accelerate this to avoid that the challenges become a major risk, rather than an attractive opportunity.

Sincerely,

Anna Ryott

Chair, Summa Equity

anna.ryott@summaequity.com

+46 705 41 33 60

Reynir Indahl

Managing Partner, Summa Equity

reynir.indahl@summaequity.com

+47 90 69 11 13

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  4. Summa Equity closes its Fund II with SEK 6.5 billion to invest to solve global challenges

Summa Equity closes its Fund II with SEK 6.5 billion to invest to solve global challenges

Stockholm, 26 February 2019 – Summa Equity announced today that it has raised further capital to continue to invest to solve global challenges. Summa Equity Fund II closed at hard cap with investor commitments of SEK 6.5 billion (c. EUR 610 million). With Fund I and II, Summa Equity now manages aggregated capital commitments of SEK 11 billion (c. EUR 1 billion). Summa Equity was amongst the first Private Equity firms to commit to the UN Sustainable Development Goals (SDGs), aligning its investment and value creation strategy with the SDG framework.

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The announcement of Fund II comes three years after inception of the firm, and Fund I closed with commitments of SEK 4.7 billion (c. EUR 440 million). Fund II will continue to focus on investments that can outperform and are driven by tailwind from megatrends such as ageing demographics, movement of people, resource scarcity, population growth, climate change and technology disruption. Investments are made in companies that solve global challenges, within three investment themes: Resource Efficiency, Changing Demographics and Tech-enabled Business.

“We are seeing several challenges unfolding simultaneously; environmentally, socially, and with technology disrupting industries. We believe our biggest challenges are also our most attractive investment opportunities. The fundraising for Fund II shows that the investment community is beginning to understand that to outperform, one cannot be agnostic to the challenges we are facing” says Reynir Indahl, Managing Partner of Summa Equity.

“Some of the leading global investors are not only continuing to invest in us, but also increasing their investment in Fund II. This confirms that investors increasingly recognise that companies that incorporate solutions to environmental, social, and governance challenges, will show stronger growth and returns, while having lower risk. They are more future-proof,” concludes Indahl.

Summa Equity Fund I has eleven portfolio companies that are advancing the SDGs. The portfolio has performed strongly to date. By incorporating the SDG framework in shaping the long-term strategy of the portfolio companies, measuring the effect and innovating to address the global challenges, the portfolio has to date shown strong growth and value increase.

Summa Equity Fund II is backed by a strong investor base of top-tier endowments, foundations, pension funds, insurance firms and fund of funds including a broad range of traditional and sustainability-oriented investors from the Nordics, Europe and North America.

“AP1’s overriding goal is to deliver the best possible return on pension savers’ money. We are convinced that one way of achieving this goal is by considering sustainability aspects in our investment decision process. We seek investments which are characterized by sustainable value creation. We are therefore excited to invest in Summa Equity, and look forward to a close and fruitful cooperation,” says Jan Rådberg, Portfolio Manager Private Equity at AP1.

Summa Equity was advised by Rede Partners, an independent funding advisor to the private equity industry. Mannheimer Swartling was lead legal counsel in the fundraising, with Ropes & Gray advising on US legal matters and PwC on financial matters. Summa Equity is domiciled in Sweden and regulated as an Alternative Investment Fund Manager by the Swedish Financial Supervisory Authority.

###

For interviews or more information, please contact:

Jenny Keisu
jenny.keisu@summaequity.com
+46 722 42 41 44

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  4. Summa Equity acquires Infobric AB

Summa Equity acquires Infobric AB

Summa Equity has signed an agreement to acquire Infobric AB (“Infobric”), a provider of software and hardware for attendance systems, access control, asset monitoring, and energy efficiency on construction sites.

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Summa Equity has made its first move into the construction industry, with the acquisition of the Swedish based software and hardware company, Infobric. Infobric has developed proprietary solutions for building sites in order to solve the industry’s productivity challenges, meet increased regulatory demand for workplace safety and support initiatives to combat undocumented labour.

Infobric was founded in 2004 in Jönköping, Sweden, and is a market leading supplier of software solutions and IoT products for building sites in the Nordics. From the start, the company goal has been to provide smart solutions that increase security and efficiency at the site, with innovations developed in close relationship with construction and machine rental companies. The company has 60 employees with sales offices in Jönköping, Stockholm, Oslo, Helsinki and London, and has experienced strong demand growth for their proprietary software platform (SaaS) and hardware for attendance systems, access control and energy efficiency.

“Through Infobric we will contribute to efficiency improvements as well as improved workplace safety on construction sites. We are impressed by the profitable growth the Infobric team has achieved to date and we are looking forward to support the company’s growth and development in the coming years,” says Christian Melby, Partner at Summa Equity.

New technology to measure, monitor, and improve safety and security on building sites, will be a key enabler for increased efficiency. Furthermore, digitalization of the industry is strengthening the growth outlook. By contributing to tech-enabled safety, compliance and energy/asset efficiency, Infobric is becoming an increasingly important provider to an industry fundamental for economic development.

“With Summa Equity as the new majority owner, Infobric enters a new and exciting phase. Summa’s commitment to creating a sustainable society and contribute to solving social and environmental challenges through innovative technology is closely aligned with Infobrics’ values and business focus. Summa will also play an important role in Infobric’s journey towards becoming the leading digitalization partner for the construction industry,” says Dan Friberg, CEO at Infobric.

The acquisition of Infobric is aligned with Summa Equity’s Technology-enabled Businesses theme and the UN SDG Targets #8.8 “Protect labour rights and promote safe and secure working environments for all workers”, and #16.6: “Develop effective, accountable and transparent institutions at all levels”.

Infobric will be acquired from Jönköping Business Development AB, founders and management shareholders. The management team will remain as significant shareholders in the company.

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  4. LOGEX, Ivbar, and Prodacapo join forces to create a European market leader in advanced costing and quality analytics for healthcare

LOGEX, Ivbar, and Prodacapo join forces to create a European market leader in advanced costing and quality analytics for healthcare

With the aim of strengthening their ability to inform and support sustainable quality improvements, transparency and efficiency in healthcare LOGEX, Ivbar, and Prodacapo have decided to join forces through the new LOGEX Group. This will create a European market leader in advanced software for analysing outcomes and costs in healthcare.

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Today, the three companies all hold leading positions in their respective markets – the Netherlands, Sweden, Finland, Norway, UK and France. The new LOGEX Group will have unmatched capacities to support a holistic approach to improvement in healthcare through advanced analytics. It brings together leading capabilities from quality and costing analytics:

  • LOGEX is headquartered in Amsterdam and the pacesetter in the Dutch market for costing analytics, providing advanced solutions for cost tracking, budgeting and planning in healthcare. LOGEX also comprises Value2Health and MRDM. Value2Health, being the Dutch market leader in healthcare quality analytics, specializes in giving healthcare providers, receivers or organisers, access to reliable information making it possible to improve quality and outcomes. MRDM are experts in the field of data security and privacy.
  • Ivbar is headquartered in Stockholm and is a market leader in Sweden in providing technical solutions for efficiency analytics and management of advanced payment models. Its mission is to support healthcare organisations to sustainably improve outcomes.
  • Prodacapo is headquartered in Helsinki and is the market leader in Finland, Sweden and Norway in costing analytics for the healthcare sector. Prodacapo also has a strong presence in the UK market.

The new LOGEX Group will create a favourable environment to allow for the companies to develop their core competencies and product portfolio further, with the aim of providing even stronger solutions to all stakeholders in the healthcare system, including providers, payers and authorities.

“As we create a larger international group, customers will benefit from a more versatile product portfolio that meets a broader spectrum of their needs as they strive to drive improvements in their operations. Utilizing our tools to drive transparency and understanding of outcomes, resource use and costs in healthcare, will help our customers in their development, and ultimately benefit patients and society,” says Philipp Jan Flach, CEO of LOGEX Group.

As healthcare expenditure constitutes a growing share of GDP in many European markets and healthcare budgets are under pressure, the demand for tools to increase efficiency and understand patient outcomes increases. The enlarged group will offer a holistic product offering, with strong potential to address these challenges.

“Being able to provide our customers with deep insights on patient outcomes as well as costs and resources used in healthcare is unique, and extraordinarily important if we are to solve the challenges posed to our healthcare systems today,” says Kari Lappalainen, CEO of Prodacapo.

LOGEX Group will be headquartered in Amsterdam with offices across Sweden, Finland, Norway, UK, France, Czech Republic and other locations in the Netherlands. This scope of operations provides the group a broad perspective on healthcare systems in Europe.

“Broadening our geographical footprint, becoming a truly European company will create unmatched opportunities to benchmark healthcare performance across markets, regions and patient groups. This will provide invaluable insight for all stakeholders with an interest to improve healthcare,” says Jonas Wohlin, CEO of IVBAR.

The new LOGEX Group will have more than 250 employees. Phillip Jan Flach will be CEO of the new group.

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  4. Summa Equity acquires Lakers

Summa Equity acquires Lakers

Summa Equity has signed an agreement to acquire Lakers Holding AB (“Lakers”), a Nordic group operating within the water, wastewater, building services and industry segments. The transaction is subject to regulatory approval and is expected to be completed in October 2018.

  • News
  • Resource Efficiency

2 min read

The Nordic water and wastewater infrastructure is ageing and has large inefficiencies. Growing populations, urbanization, increased connectivity and increased regulatory standards also drive the need for restructuring and upgrades of the infrastructure. These challenges will drive growth for Lakers by its contribution to ensure availability and sustainable management of water and wastewater, aligned with Summa Equity’s Resource Efficiency theme and the UN SDG #6 of Clean water and sanitation for all.

Lakers was founded in 2016 by Carl Hall and Carl-Johan Callenholm and offers maintenance, service, development and technical consultancy for pumps, pumping stations, electrical motors and related components. The company has 130 employees across Norway, Sweden and Denmark with a revenue of SEK 280m.

“Through Lakers we will contribute to maintain and improve a critical part of our water infrastructure. We are impressed by the profitable growth the Lakers team has achieved to date and we are looking forward to support the company’s growth and development in the coming years,” says Johannes Lien, Partner at Summa Equity.

Lakers will be acquired from MVI Fund I AB, the founders and a handful of minority shareholders active in the business. The founders and the management team will remain as significant shareholders in the company.

“To have Summa Equity as our new majority owner and partner will help Lakers take the next steps in our development. We are looking forward to a collaboration whereby we will accelerate our growth journey, further develop our organisation meanwhile keeping our entrepreneurial spirit. In Summa Equity we find a good fit not only for our business, but also for our people and stakeholders,” says Carl-Johan Callenholm, Founder and CEO of Lakers.

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