Polaris divests AddPro
Polaris Private Equity has entered into an agreement to divest the IT security and infrastructure business AddPro AB to the European private equity firm Perusa.
Polaris acquired a majority shareholding in the Swedish AddPro in 2005 and the company has experienced significant progress through organic growth and an acquisition of the Danish IT company SNEX in 2012. Today, AddPro is a leading company in the areas of IT security and efficiency in both Sweden and Denmark with approximately 300 employees and forecasted revenues in 2014 of approximately SEK 630 million.
Polaris Private Equity is a Danish private equity fund, based in Copenhagen, focusing on buy-out investments in well-established small and mid-cap companies in Denmark and Sweden. Polaris’ first fund of EUR 188 million was realised in 2008, and Polaris has EUR 635 million under management in Funds II and III.
Polaris was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Johan Lekholm, primarily assisted by Pontus Malmunger, Teresa Hellmo Fahlander and Elin Sjörén.