Summa Equity divests its majority stake in Infobric

Summa Equity, a purpose-driven thematic investment firm, has entered into an agreement to divest its majority stake in Infobric, a leading provider of software solutions for the European construction industry, to Stirling Square Capital Partners, a pan-European mid-market private equity firm.

Summa Equity will re-invest alongside Stirling Square Capital Partners, and Infobric’s employees and founders, as a minority investor.

Infobric 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. Since Summa Equity acquired a majority stake in Infobric in 2018, Infobric has expanded its operations and has over 10,000 customers and 300,000 individual users in its key markets of Sweden, Norway and the UK.

Stirling Square plans to continue Infobric’s expansion into new markets and invest in new products and services. Summa Equity will work alongside Stirling Square to support the next phase of Infobric’s growth as a minority investor.

The transaction is subject to customary competition approval and is expected to close during Q3 2023.

Summa Equity was advised by Mannheimer Swartling.