Transaction Details

May 1, 2011
London Sloane St

Sector

Technology

Deal Type

M&A

Deal Value

N/D

Deal Team

Greger Larson

Sale of a minority stake in Targit

Targit: Bringing analytics-based decision making solutions to business managers

Targit is a leading vendor of business intelligence solutions with sales across Europe and the US.

With an emphasis on people, it is Targit’s mission to transform entire organizations by revealing actionable insights for every user to make better and faster decisions.

Targit Decision Suite is the only business intelligence platform that offers visual data discovery tools, self-service business analytics, reporting, and stunning dashboards in a single, integrated solution.

The company employs some 65 people across Denmark, the US and Germany, with distribution offices in 10 additional countries.

Nordic Venture Partners exits after 8 years of ownership

GCA Altium advised Nordic Venture Partners in the successful exit of its 34% holding in Targit to a group of five managers, for a consideration of USD 10m.

Denmark-based venture capital firm NVP first invested in the company in 2003, and put much emphasis into developing Targit’s products.

With Nordic Venture Partners’ backing, Targit has quadrupled its revenue, and the company is self-financing since 2005 (with a 10% EBT margin in 2010).

Targit also entered the Gartner Magic Quadrant and has become an internationally renowned business with 4,000 customers and 300,000 users.

The minority sale/replacement capital transaction followed a process where GCA Altium advised the Targit board on a range of strategic options.

GCA Altium acted as sole advisor to the sellers.

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