Perusa Fund acquires majority stake in leading Swedish ICT provider Dialect
Guernsey/Munich/Stockholm – Perusa Partners Fund 2, L.P. (“Perusa”, “the Fund”) has confirmed that the public offer made for Dialect AB (“Dialect”) by Perusa’s indirect subsidiary Aiag Holding AB has been accepted by more than 90% of the selling shareholders. The transaction will therefore proceed to settlement, with an expected closing before December 31, 2016.
Dialect supplies IT and telephony solutions to corporate customers, mainly in the SME segment. Dialect’s solutions ensure that all strands of communication come together, regardless of time, place and channel. In addition to integrated solutions and guidance, Dialect offers individual bestof-breed products and services. Services offered include mobile & fixed telephony, switchboard solutions, support and managed IT services as well as solutions for connected cars & vehicles.
Dialect was formed in 1995 as a common brand for individual independent local stores. Today, Dialect is a leading provider of IT and telephony solutions in Sweden. Including franchisees, Dialect has 550 employees, 45 business centers and had sales of above EUR 100 million / SEK 1 000 million in 2015. Dialect’s business centers are located from Malmö to Boden, with the head office located in Solna.
Dr Hanno Schmidt-Gothan, CEO of Munich-based Perusa GmbH, which advises the Fund, said “Dialect has a clear leadership position in a niche market Perusa are very interested in. Throughout the deal process we have found strong alignment between the Fund’s core investment agenda and the development plans laid out by Dialect management”.
“Perusa are very happy to partner up with the management team of Dialect, based on the strong performance John Rydberg and his team have demonstrated, and there is high confidence in what can be achieved together in the coming years” added Jonas Lundgren, responsible for Perusa GmbH’s newly opened Nordic office in Stockholm together with Dr Stephan Beller, Investment Director at Perusa GmbH.
John Rydberg, CEO of Dialect, said “We are pleased to welcome Perusa as the new majority owner of Dialect and look forward to working together to take this company into the next phase of its development”.
Perusa were advised by Advokatfirman Vinge (legal), Deloitte (financial and tax DD) and Implement Consulting (commercial DD) in this transaction.
Perusa Partners (www.perusafund.gg) is a leading investor with a focus on special situations and buy-and-build strategies in the mid-market.
Perusa is an independent capital holding company, which currently has two funds with 350 million euro equity investing in medium-sized companies and Group divisions in the German or Scandinavian area. Perusa is pursuing a strong operational approach to increase the efficiency and thus the long-term value as well as the potential of the portfolio companies. Strategic acquisitions (buy and build strategy) are also striving to strengthen the growth of the portfolio companies.
Dr. Hanno Schmidt-Gothan
Telefon: +49 89 2388789-0
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