The London Private Equity team acted for long-time client TA Associates and Stirling Square Capital Partners on two significant acquisitions by their joint portfolio company Byggfakta (formerly known as DOCU Nordic). Goodwin also acted for TA Associates on its initial co-investment into Byggfakta in September 2020 alongside Stirling Square Capital Partners who have owned Byggfakta since 2017.
Byggfakta acquired Glenigan Limited as part of a corporate carve-out from its parent group Ascential plc and NBS from its shareholders including Lloyds Development Capital and the Royal British Institute of Architects.
Headquartered in Sweden, Byggfakta is a leading provider of business intelligence and data analytics services within the construction, real estate and healthcare markets in Scandinavia and Central Europe.
TA Associates seeks to make investments ranging from $70 million to $500 million focusing on five core areas: business services, consumer services, financial services, healthcare and technology. It has invested over $26 billion since its inception around 50 years ago, including over $6 billion in Europe following the opening of its London office in 2003.
Stirling Square Capital Partners was founded in 2002 with a strategy of turning local and national businesses into global industry leaders. It has invested in 27 portfolio companies across Europe since its inception, with Byggfakta being one of the latest acquisitions for its €950 million fourth fund.
The Goodwin team on both matters was led by Richard Lever and Charles Elsom, Richard Hughes, Katie Leah and Amy Francis.
For additional details, please read the Byggfakta releases on the NBS acquisition here and the Glenigan acquisition here.