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  4. Summa Equity partners with STIM AS to advance fish health and sustainability in aquaculture

Summa Equity partners with STIM AS to advance fish health and sustainability in aquaculture

Through a strategic partnership, the companies will collectively pursue their shared objective of aquaculture innovation and improved fish health.

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3 min read

STOCKHOLM, 4 MARCH 2024: Summa Equity (“Summa”) today announces its investment in fish health market leader STIM AS (”STIM”), partnering with its founder Jim-Roger Nordly.

Aquaculture is one of the key building blocks in the sustainable food system of the future due to its low carbon footprint, scalability, and high feed efficiency. But as a young industry it faces challenges related to fish welfare and mortality. Solving these challenges through disease prevention, sound production protocols, genetics and nutrition will be key to unlock the industry’s full potential. STIM is ideally positioned to take the lead role in that transformation.

STIM is the aquaculture industry’s largest quality supplier of fish health products and services, with several ground-breaking innovations under its belt. For over three decades STIM has contributed to a more sustainable aquaculture industry by providing transformative innovations that improve fish health, growth, and profitability. The company is well-positioned in several markets through its knowledgeable teams and unique cross-disciplinary competence. The gross revenue of the company was north of EUR 150m in 2023.

The partnership with Summa is motivated by STIM and founder Jim-Roger Nordly’s drive to establish new growth verticals, intensify product development and expand its service-offering in aquaculture worldwide.

I am convinced that Summa is the right strategic and long-term partner for us. They recognize that our employees’ expertise and efforts is the bedrock of this company. With Summa on our side, I am confident that STIM can become the world leader within sustainability and health, not just within the salmon industry, but for the seafood industry as a whole. There is a huge demand for advisory services within this sector, and that is something we have our eyes on.

We have followed STIM’s journey since the inception of Summa. STIM’s expertise within fish health and biology is unparallelled, and with Summa’s long-term perspective and track record in the aquaculture industry, we are certain we can be a true partner to solving some of the largest challenges the industry is facing.

Summa will be an important partner as we expand our strategic initiatives across existing and new markets. That being said, my focus is always to maintain business as usual at STIM. Our priority is to deliver products, services, solutions, and advice that contribute to positive biological outcomes and growth for our customers.

The acquisition of STIM is being made by Summa Equity Fund III and contributes positively to UN Sustainable Development Goal #2.4 (‘Zero Hunger’ – sustainable food production) and #14.4 (‘Life Under Water’ – sustainable fishing).

About STIM

STIM is the aquaculture industry’s largest quality supplier of fish health products and services, with several ground-breaking innovations under its belt.

STIM strives for a holistic perspective, building on the experience from vaccines and pharmaceuticals with the expertise that lies in our broad range of services in fish health services, marine environmental surveys, support for area applications and plans, as well as regulatory advice.

After 33 years side by side with the aquaculture industry, STIM is in a unique position as a supplier of both expertise, products, and services – all the way from planning to processing. STIM is established in Norway, Chile, UK, and Canada.

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

www.summaequity.com

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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  4. Summa Equity has sold its shares in Pagero Group AB (publ) to Thomson Reuters

Summa Equity has sold its shares in Pagero Group AB (publ) to Thomson Reuters

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We are pleased to share that Summa Equity has sold its shares in Pagero Group AB (publ) (“Pagero”) to Thomson Reuters in relation to their announced public cash offer of SEK 50 in cash per share.

Pagero, a Summa Equity Fund I investment, develops and markets Pagero Online, which enables customers to send, receive, and handle documents electronically with accurate data in the purchase-to-pay, order-to-cash, and logistics-to-pay processes. Pagero Online improves business regulatory compliance, whilst also helping to reduce the VAT gap and increase tax recovery, thus benefiting governments worldwide.

For more information, please read the press release here.

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  4. Summa Equity pioneers an Article 9 continuation vehicle, accelerating the shift towards a global circular economy

Summa Equity pioneers an Article 9 continuation vehicle, accelerating the shift towards a global circular economy

Summa Equity (“Summa”) announces the closing of Summa Circular, an Article 9 continuation fund for NG Group (“NG”), a leading Nordic provider of circular solutions and environmental services.

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Stockholm, December 5th, 2023: Summa announces the closing of Summa Circular with an investment in NG, a company originally acquired by Summa Fund I in 2018. Ownership of NG is thus transferred from Summa Fund I to Summa Circular. The ~EUR 550m transaction will allow Summa and the NG management team to continue executing their value creation plan by capturing the expanding market opportunity stemming from the shift towards a circular economy. The transaction will provide NG with additional capital to accelerate its organic and inorganic growth, building on the successful integration of multiple acquisitions during Summa’s ownership to date, such as Mirec and Letbek.

The transaction attracted interest from leading secondary investors, led by Quilvest Capital Partners (backed by Quilvest SA) and Unigestion SA, alongside existing and new Summa LPs, as well as the NG management team and employees. This transaction showcases strong conviction for a market-leading asset driving the transition to a circular economy. Summa and the NG management team will remain heavily invested, with additional investment from Summa Fund III, offering further alignment as part of the transaction. Summa Circular provides investors with an opportunity to invest in one of the first Article 9 continuation vehicles globally, at a time when many investors are looking to increase their exposure to impact and sustainability.

A report by Summa in 2023 identifies EUR 230bn in investment needs by 2040 for new physical assets and infrastructure to enable the transition to a circular European economy. Throughout the holding period of Fund I, Summa has led NG through years of value-accretive growth, buy-and-build integration and service offering expansion. NG has evolved from a local aggregator of waste companies to a critical player in the Nordic material system value chain.

“The continuation vehicle sets the stage for NG to take the lead in propelling the Nordics toward a circular economy. We are pleased to see strong commitments from many of our existing LPs, who continue to demonstrate their support for our vision for NG. We’re equally excited to welcome new investors into the fund, further strengthening our vision for a sustainable and circular future.”

“We are excited to continue our journey with Summa once again through Summa Circular. This new capital allows us to accelerate our mission of transforming waste management and contributing to a circular and more sustainable future. With Summa’s continued support, NG is ready to consolidate its position as a key enabler of the Nordic circularity transition, driving positive change in our region.

“The closing of Summa Circular marks a significant milestone for Summa and our long-term portfolio company, NG. This transaction not only underscores our commitment to impact investing but also positions NG as a pivotal player in the Nordic circular economy with tremendous market opportunities ahead.”

UBS acted as exclusive secondary advisor to Summa. Ropes & Gray, Mannheimer Swartling and Wikborg Rein acted as legal advisors, McKinsey and PwC covered commercial, financial and tax due diligence and Houlihan Lokey acted as fairness opinion provider. The lead investors were advised by Proskauer Rose.

About NG Group

NG Group (“NG”) is a leading Nordic provider of circular solutions, committed to expediting the shift towards a circular economy. NG controls and manages a critical part of the Nordic waste management infrastructure through a large modern asset base. The group has a strong upstream presence in waste collection, logistics, sorting, pre-processing, and trading, and downstream presence in material recycling and recovery, aiming to be the pioneer in circular as well as clean energy solutions.

NG has more than 2200 employees, handles 2,3 million tons of waste and had a revenue of NOK 8.2 billion in 2022. The group is present in Norway, Sweden, Denmark, Finland, Poland, and the UK.

www.nggroup.no

About Summa Equity

Founded in 2016, Summa Equity (“Summa”) is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. The investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

summaequity.com

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, Partner, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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  4. Mathem and Oda are merging: Becomes the largest online grocery retailer in the Nordics

Mathem and Oda are merging: Becomes the largest online grocery retailer in the Nordics

Oda, the leading online grocery retailer in Norway, has entered into an agreement to merge with Mathem, Sweden’s counterpart, and now the two companies will join forces. Together they will become the Nordic market leader with a combined revenue of over five billion NOK.

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Oda, the leading online grocery retailer in Norway, has entered into an agreement to merge with Mathem, Sweden’s counterpart, and now the two companies will join forces. Together they will become the Nordic market leader with a combined revenue of over five billion NOK.

Both Oda and Mathem have been pioneers in successfully challenging traditional market players and driving the evolution of online grocery retail. Mathem in Sweden since 2006 and Oda in Norway since 2013. Oda’s in-house logistics platform has set industry-leading standards for operational efficiency. Together with Mathem’s strong market position and industry experience, they will now form an even stronger player in the Nordic market.

With the combined strength of the two entities, significant economies of scale will benefit customers and create a more competitive player in the market.

This merger is a game-changer for the Nordic online grocery market. Oda is excited to join forces with Mathem to accelerate our journey towards becoming Europe’s most efficient online grocery store. The scale of our combined companies will help set new standards for quality, efficiency, and customer experience.

Mathem will continue to operate under its well-established brand in Sweden. With Oda’s logistics platform the turn-around of Mathem’s growth trend will speed up and higher efficiency will enable increased quality and lower prices.

Mathem has come a long way in strengthening efficiency, but we are still chasing profitability in a market that is tough due to challenging macroeconomic conditions. The merger means that Mathem can increase the scale of our business, as well as further increase efficiency thanks to Oda’s world-leading logistics platform and thus sharpen our customer offering even more, especially when it comes to price and quality, says Johan Lagercrantz, Managing Director of Mathem.

Johan Lagercrantz will continue to lead Mathem in Sweden, with André Knüppel from Oda joining as co-country manager. Karl Munthe-Kaas will continue to be the global CEO of Oda Group.

Oda and Mathem already have joint owners in Kinnevik and Verdane. In addition to these, the deal is also supported by the companies’ boards and other major shareholders Axfood and Summa Equity, which also remains the largest shareholders.

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  4. Summa Equity celebrates two years as a Certified B Corp

Summa Equity celebrates two years as a Certified B Corp

We are very excited to celebrate the two-year anniversary of Summa as a Certified B Corp.

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Summa was one of the earliest companies in the Nordics and one of only a hand-full of private equity firms to meet the standard. Certified B Corps are leaders in the global movement for an inclusive, equitable, and regenerative economy. The movement represents a desire to make business a more positive force for the future of the world.

We had two main goals when we started our journey. Firstly, we wanted to aim for a high standard and promote the B Corp ideal as the way forward in our industry, as well as for businesses in general. Secondly, we wanted to get an objective view of our own performance as an investor focused on positive change. Through the rigorous certification process we examined the approach and outcomes related to our core stakeholder groups; portfolio companies, LPs, employees, suppliers, our communities and the environment. By using the B Impact Assessment, we learned a lot about the opportunity to enhance our impact by improving and building upon our current processes.

 

When we started learning about B Corps five years ago, the B movement in the Nordics was still in its infancy. Today it is a rapidly growing community with more than 100 companies certified. We are excited to be part of this story and will continue developing our approach and learning more about how to make business and investment a greater force for good!

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  4. Kees Kruythoff and Göran Lindö joins Summa Equity as thematic experts

Kees Kruythoff and Göran Lindö joins Summa Equity as thematic experts

Stockholm, 26 October 2023: Summa Equity (“Summa”) welcomes two new members to the team: Kees Kruythoff has joined the company to work with Sustainable Foods, a subtheme within the Resource Efficiency investment theme, and Göran Lindö will be working with Summa’s Tech-Enabled Transformation investment theme.

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Stockholm, 26 October 2023: Summa Equity (“Summa”) welcomes two new members to the team: Kees Kruythoff has joined the company to work with Sustainable Foods, a subtheme within the Resource Efficiency investment theme, and Göran Lindö will be working with Summa’s Tech-Enabled Transformation investment theme.

Kees spent 27 years at Unilever, his final eight years within the global Unilever Executive team, first as President, North America and following that, as President, Global Home Care. At Unilever, Kees led implementation of the Unilever Sustainable Living Plan, a sector-defining body of work and a globally impactful project with far-reaching implications for the intersection of business and climate action.

Since leaving Unilever in 2019, Kees has continued to work on projects related to climate change, sustainability, and the business response to future-proofing the planet. Among several other roles, past and present, Kees is currently a Senior Advisor to Bain Capital with a focus on food, agriculture, and sustainability.

On joining Summa, Kees said: “My personal motto, which I bring to my work, is: Be Fearless, Be Useful, Be Kind. I see parallels between this set of beliefs and Summa’s work. Where others see challenges or problems, Summa sees opportunities to solve era-defining issues – and provide leadership on future-critical topics, such as on food systems and agriculture.”

Göran has over 25 years of experience, focusing on technology, growth, and innovation – with a passion for purpose and sustainability. He’s been a founder, Vice President, CEO, and board member across a range of industries and brings a strong track-record and know-how around growth, business development, operational excellence, M&A, and financing.

In the last 5 years, Göran spent as CEO of EcoOnline, taking it from a EUR 9m Nordic chemical safety niche player to a EUR 90m ARR international Environment Health & Safety platform provider with 10,000 SaaS customers. This was done through 30% organic growth p.a. in parallel with 12 acquisitions and important product innovations while building an engaged, purpose-infused, talented team.

Commenting on his new role at Summa, Göran said: “Fundamentally, tech innovation and growth go hand in hand with sustainability and purpose. Business goals and long-term positive impact are non-competing, as Summa and I have first-hand experience in our joint EcoOnline journey. In my role at Summa, I will strive to support and inspire the tech-enabled portfolio companies as they grow and increase their impact”.

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  4. Terje Marthinussen joins Summa Equity

Terje Marthinussen joins Summa Equity

Summa Equity welcomes Terje Marthinussen to the position as CTO of Via Summa.

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Stockholm, 05 September 2023: Summa Equity (“Summa”) is pleased to welcome Terje Marthinussen as Chief Technology Officer (“CTO”) of Via Summa.

Focused on purpose-driven and thematic investing, Summa’s investment strategy is based on turning challenges into opportunities and accompanying companies in their sustainable growth. As CTO of Via Summa, he will support Summa’s portfolio on tech-related topics and oversee the development of strategic vendor and technology partner relationships.

“The genuine commitment to UN’s SDGs and ability to turn them into an impact-focused investment thesis, greatly influenced my decision to join Summa. It is inspiring to see how the Summa Team has used this foundation to build a PE firm that is both successful and an accelerator for SDGs through its portfolio. I look forward to supporting Summa and the companies in Summa’s portfolio realizing their maximum potentials.”

Terje has been working with tech for several decades, including over 14 years at listed Japanese conglomerate Rakuten, his final position being Group CTO. He also has previous experience working as a developer with Microsoft and VP SRE in Google.

Summa Founder and Managing Partner, Reynir Indahl, comments: “Summa wants to invest in companies achieving continuous sustainable growth whilst outperforming financially. Terje will play a pivotal role in optimizing processes and identifying solutions. We are excited to have Terje on board, as we continue aligning our technology roadmap with our business objectives.”

The Via Summa team is involved throughout the life cycle of every thematic investment as well as supporting the respective boards and management of portfolio companies. Built on three pillars: impact creation, thematic experience and people, Via Summa determines the best routes and frameworks needed to achieve sustainable growth.

Read more about Via Summa in our 2022 Portfolio Report

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  4. Summa Equity announced the sale of leading PropTech Kiona to CAREL

Summa Equity announced the sale of leading PropTech Kiona to CAREL

Stockholm, July 24th 2023: Summa Equity (“Summa”), a purpose-driven thematic investment firm, today announces the sale of Kiona, a leading energy efficiency software platform, to global energy efficiency components and solutions provider CAREL.

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Stockholm, July 24th 2023: Summa Equity (“Summa”), a purpose-driven thematic investment firm, today announces the sale of Kiona, a leading energy efficiency software platform, to global energy efficiency components and solutions provider CAREL.

Buildings account for c.40% of the world’s energy consumption and c.35% of greenhouse gases. Kiona’s goal is to reduce unnecessary energy usage and CO2e emissions generated by and for buildings. They have developed easy-to-use and fast to deploy technology that allows users to monitor, control and optimise their energy consumption. Through its use across Europe, in 2022 Kiona technology saved users 215m kWh (equivalent to the power needed to heat over 17,900 average homes for an entire year).

Kiona is market-leading in its core segment and has an unparalleled contractor network in Scandinavia – with 200 partners in Norway and Sweden alone – as well as partnerships in eight countries and a team of ca. 145 people working across Europe (located in Denmark, Finland, Germany, Norway, Poland, Sweden, and Switzerland).

Kiona solutions make it possible for users to reduce energy usage and greenhouse gas emissions from both residential and commercial buildings; reduce food loss with temperature monitoring, documentation, and alarm screening of refrigeration systems; as well as optimise utility consumption and reduce emissions.

In 2022 Kiona benefited from recent mergers as the company delivered strong double-digit growth through sales of its full suite of products (Energy Management Software, Supervisory Control, and Data Acquisition) and the self-learning AI engine Edge.

Over 58,000 buildings across Europe use Kiona technology and in 2022, 24,000 tons of CO2e was averted as a direct consequence. Operating at this scale means that Kiona is generating considerable impact and climate action for customers. I am excited to closely follow Kiona as they embark on their next chapter with CAREL, who I know to be deeply committed to Kiona’s long-term health and success.

Our customers are the most central to everything we do, and now Kiona, together with CAREL, will be able to move forward to develop our services and products to achieve market leadership. Together, new global opportunities will also arise that will lead to further growth for Kiona solutions and employees.

Kiona and CAREL uniquely complement each other from a business perspective, but most importantly, we share a resolute alignment in our mission to reduce energy waste for all our customers. In CAREL, we have found an ideal partner for our ongoing journey of growth and sustainability.

Kiona was the first investment made by Summa Equity Fund I; meeting UN Sustainable Development Goals #7 (affordable and clean energy), #11 (sustainable cities and communities), and #13 (climate action).

William Blair acted as exclusive M&A advisor to the shareholders of Kiona.

About the Kiona Group

Kiona is a leading SaaS company with the vision to significantly impact the fight against climate change by offering the most innovative and cost-efficient proptech platform on the market. With well-proven solutions for integration and connectivity, Kiona helps customers achieve their financial and sustainability objectives by digitising new and old buildings and their heating, cooling, ventilation, and refrigeration systems.

www.kiona.com

About the CAREL Group

CAREL is a global leader, headquartered in Padova (Italy), in the design, production and marketing of technologically advanced components and solutions for excellent energy efficiency in the control of heating, ventilation, and air conditioning (“HVAC”) and refrigeration equipment and systems. CAREL is focused on several vertical niche markets with extremely specific needs, catered for with dedicated solutions developed comprehensively for these requirements, as opposed to mass markets. The Group designs, produces and markets hardware, software and algorithm solutions aimed at both improving the performance of the units and systems they are intended for and for energy saving, with a globally recognized brand in the HVAC and refrigeration markets (collectively, “HVAC-R”) in which it operates and, in the opinion of the Group’s management, with a distinctive position in the relevant niches in those markets.

www.carel.com

About Summa Equity

Summa invests in companies that are solving global challenges and creating positive Environmental, Social, and Governance (ESG) outcomes for society. Summa’s purpose is to co-create win-win for investors, portfolio companies, and society through aligning its vision and investing in line with the UN SDGs. Summa invests across the themes of Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation, and has c. EUR 4bn assets under management.

summaequity.com

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, Partner, COO and Head of IR at Summa Equity

+47 936 41 960 | hannah.jacobsen@summaequity.com

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  4. Summa Equity announces the sale of its majority stake in Infobric to Stirling Square

Summa Equity announces the sale of its majority stake in Infobric to Stirling Square

Stockholm, 21th June 2023: Summa Equity, a purpose-driven thematic investment firm, today announces the sale of its majority stake in Infobric, a leading provider of software solutions for the European construction industry, to Stirling Square Capital Partners (“Stirling Square”) a pan-European mid-market private equity firm.

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Stockholm, 21th June 2023: Summa Equity (“Summa”), a purpose-driven thematic investment firm, today announces the sale of its majority stake in Infobric, a leading provider of software solutions for the European construction industry, to Stirling Square Capital Partners (“Stirling Square”) a pan-European mid-market private equity firm. Summa will re-invest alongside Stirling Square, and the management team, as a minority investor. Financial terms of the transaction, which is subject to customary regulatory approvals, are not being disclosed.

Stirling Square will work closely with the management team to continue the business’ expansion into new markets and to invest in new products and services, including through selective acquisitions to complement organic growth.

Infobric, headquartered in Sweden with operations across the Nordics and the United Kingdom, provides end-to-end construction software products supporting the digitalization of the construction industry. With a suite of SaaS solutions, Infobric enables its customers to manage site safety, machinery and equipment, contracts, and workers, and provides efficient sharing of resources and workforce optimization. By facilitating the construction industry’s journey to zero accidents, fraud, and emissions, Infobric provides valuable tools to support customers on their impact journeys.

Since being acquired by Summa in 2018, Infobric has pursued impressive geographical growth and expanded its offering, while making several acquisitions across the sector. Infobric is now the market leader in Sweden, Norway, and the UK with several hundred employees, over 10,000 customers and 300,000 individual users.

Summa Partner Gisle Glück Evensen said: “Infobric has made huge strides in transforming the construction industry, and we are proud to have supported them in growing fivefold since our initial investment. Infobric has an important role to play in actualizing a more efficient, safe, and sustainable future while capitalizing on the industry’s positive long-term growth outlook. We are excited to work alongside Stirling Square to support the next phase of Infobric’s growth as a minority investor.”

Infobric President and CEO Dan Friberg commented: “During our time working with Summa we have achieved tremendous growth. Their unwavering support and expertise mean we are now well-positioned to become a global leader in the digital construction landscape and deliver on our goals to create a safer and more sustainable industry. We are proud to welcome Stirling Square as our new investor as they bring sector expertise, local market knowledge as well as pan-European expertise which will be critical as we continue to expand internationally. Importantly, they also share Infobric’s values as growth-oriented long-term entrepreneurial investors who share our commitment to sustainability.”

Henrik Lif, Partner, at Stirling Square added: “We are delighted to invest in Infobric alongside its ambitious management team who have built a software leader in the build phase of the construction value chain. We look forward to bringing our experience in the ConTech sector to support the business to accelerate its impressive growth trajectory including enabling further international growth and expanding the software offering.”

Stirling Square has a long track record of investing in leading global construction technology companies, including Byggfakta AS (STO:BFG), NBS, Glenigan, Vortal and BCI Central. Current portfolio companies in the Nordics include AssistansBolaget, Logent and SAR.

More information and photos are available at: https://news.infobricgroup.com

***

 

About Infobric

Founded in 2004, Infobric is a leading digitalization partner for the construction sector. They provide a toolbox of turnkey services that are ready to be integrated into our customers’ digital ecosystems. Infobric’s mission is to create socially sustainable and resource-efficient workplaces, where the services we deliver make work safer and easier for hundreds of thousands of people every day. For more information, visit www.infobric.no

About Summa Equity

Summa invests in companies that are solving global challenges and creating positive Environmental, Social, and Governance (ESG) outcomes for society. Summa’s purpose is to co-create win-win for investors, portfolio companies, and society through aligning its vision and investing in line with the UN SDGs. Summa invests across the themes of Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation, and has c. EUR 4bn assets under management. For more information, visit summaequity.com

About Stirling Square Capital Partners

Stirling Square Capital Partners is a pan-European partner to mid-market businesses, with a 20-year track record of investing with conviction in market-leading platforms in the EUR 100m to EUR 500m enterprise value range. Since inception, Stirling Square has invested in 30+ platform companies and 100+ add-on acquisitions globally, helping to create regional and global champions. The firm manages over EUR 3bn on behalf of a global and diverse investor base. For more information, visit www.stirlingsquare.com

For interviews or more information, please contact:

Infobric
Leo Sydow, Head of Communications
+46 709 18 72 25 | leo.sydow@infobric.com

Summa Equity
Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

Stirling Square: FGS Global
Chris Sibbald / Sophia Johnston

+44 207 251 38 01| stirlingsquare@fgsglobal.com

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Christian Fuhrhop joins Summa Equity

Summa Equity welcomes Christian Fuhrhop to the position as CFO of Via Summa.

  • News

3 min read

Stockholm, 30 May 2023: Summa Equity (“Summa”, summaequity.com) is pleased to welcome Christian Fuhrhop as CFO of Via Summa.

Central to the Summa mission is investing in companies which have the potential to outperform financially while helping solve environmental, social and governance challenges. Summa takes an active and collaborative approach to ownership, which is called Via Summa. Fuhrhop will play a leading role in this work, with a particular focus on finance and operations.

On joining Summa, Christian Fuhrhop said: “I am thrilled to join Summa Equity as I am of the opinion that everyone should, in some way, contribute to making the world a better place. This takes many forms and in my case, as CFO of Via Summa, I look forward to helping portfolio companies achieve financial and operational excellence, whilst delivering positive ESG outcomes.”

Fuhrhop joins from Axel Springer where he worked for 15 years, as CFO and CHRO of German Media Business. Fuhrhop’s operational and financial background and expertise will be put to use to the benefit of Summa portfolio companies. He joins fellow Axel Springer alumni, Stephanie Caspar, who joined Summa in February to head up the Via Summa division.

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“Via Summa is vital to our long-term goals and I am happy to welcome Christian to Summa. Impact performance is critical and his experience in finance and operations will benefit our portfolio companies no end. The continued success of our portfolio companies will be fuelled by the work of the Via Summa team.”

Via Summa is built on three pillars: people, thematic experience, and impact creation. The team is involved throughout the life cycle of every Summa investment. During the due diligence process, the team is introduced to the prospective portfolio company management team and their vision. Having developed an understanding of key enablers and bottlenecks to reach this vision, the Via Summa team will then determine how best they can support strategic aims once it becomes a Summa company.

Via Summa supports the respective boards and management of each portfolio company through multiple avenues:

(A) Via Summa Essentials – a set of frameworks, routines, and tools to organize our collaboration to ensure a consistent, high-quality approach. This includes:

  • A routine for board meetings, a framework for strategy and making it actionable through objectives and key results, a data-driven approach to improve organizational capabilities and leadership among others

  • Via Summa Compliance, a framework and toolkit for our portfolio companies to tackle key global governance issues through strong policies and risk management procedures. All board chairs are familiar with these and implement them during the onboarding phase

(B) Network of industry and functional experts – these are available to all Summa portfolio companies, to help with specific challenges and opportunities

(C) Community events for the leadership of portfolio companies to learn from each other and also get access to thought leaders and other top executives for inspiration and networking

Read more about Via Summa

in our 2022 Portfolio Report

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Latest readings

News

Holdbart and Summa Foundation donate NOK 2 million to support food access in Norway

Read more

Securing the backbone of the digital economy: strengthening cybersecurity for SMEs

Read more

Summa Equity wins double honors at Real Deals Sustainable Investment Awards 2025

Read more

Reflections from the Summa Summit and our 9th Annual Investor Meeting 2025

Read more

Summa Equity completes full exit of Infobric

Read more
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