BUSINESS

Anaqua To Be Acquired By Nordic Capital

19/11/2024 02:54 PM

KUALA LUMPUR, Nov 19 (Bernama) -- Anaqua announced that Nordic Capital, an experienced private equity investor in Technology & Payments globally, has entered into exclusive negotiations to acquire a controlling interest in Anaqua from its existing shareholders led by Astorg.

As part of this transaction, Nordic Capital would become Anaqua’s controlling shareholder, succeeding Astorg, who has been the primary investor in the company since 2019, and has supported Anaqua’s strong and consistent growth over the past five years.

“Nordic Capital shares our vision of a software-led intellectual property (IP) management platform, making them the ideal partner for our next phase of growth.

“Their deep sector experience, successful history of investing in software companies and vast global network would help us continue to transform the IP management industry,” said Anaqua Chief Executive Officer, Bob Romeo in a statement.

Meanwhile, Nordic Capital Advisors Partner and Head of Technology & Payments, Fredrik Näslund said: “This partnership would align with our commitment to supporting companies that drive industry transformation and would fit perfectly with Nordic Capital’s technology investment strategy.”

This acquisition would represent a strategic investment focused on driving continued growth, supporting Anaqua’s global expansion and further strengthening its market position by continuing to enhance its best-in-class software and its operational capabilities.

Nordic Capital has over 20 years of experience accelerating the growth of innovative technology companies and would be set to leverage its deep sub-sector and operational knowledge to create value and boost Anaqua’s ambitious plans.

Definitive agreements for the acquisition would be entered into after information and consultation with employee representative bodies, in which the transaction would be subject to customary regulatory approvals and would be expected to close by the first quarter of next year.

Headquartered in Boston, with additional offices in the United States, Europe, Asia, and Australia, Anaqua is a premium provider of integrated technology solutions and services for the management of IP.

-- BERNAMA

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