Lin Education

May 2019

BUYER

Xllnc, a Norvestor portfolio company, is a leading supplier of IT lifecycle management solutions for large corporations in the Nordics. Norvestor is a Norwegian private equity firm focusing on investments in medium-sized Nordic companies through Norvestor VII, a fund established 2016 with c. EUR 600 million in raised capital.

TARGET

Lin Education is a Swedish Education Technology company founded in 2007. The company is a leader in the Swedish market for digitization of the educational system and offers IT hardware, software, training and supplementary services for the digital learning environment. With offices in Göteborg, Stockholm, Malmö, Karlstad and Umeå, the first Norwegian office opened in Oslo during 2017. Lin Education currently employs c. 120 people and aims to continue the expansion of its strong offering within the Nordics.

SELLER

Summa Equity is a Nordic private equity firm established in 2016. Summa focuses on sectors related to four megatrend driven themes: resource scarcity, energy efficiency, changing demographics and tech-enabled businesses. Summa Equity closed its second fund in February 2019 with commitments of SEK 6.5 billion.

TRANSACTION

Structured auction process