Swedish mid-market GP Accent Equity Partners has wholly acquired Stockholm-headquartered broadband technology company Inteno Broadband Technology.
The deal saw Accent carve out Inteno from trade and manufacturing companies group Kamic Group, drawing on commitments from the GP's SEK 3.8bn Accent Equity 2012 Fund.
Following the buyout, Accent plans to strengthen Inteno's market position in the Nordic countries, as well as grow the company organically and through add-on acquisitions.
Inteno is the GP's second corporate carve-out in the past 12 months, having bought traction chains and tracks manufacturer Nordic Traction from Swedish industrial group Gunnebo Industrier – which is owned by fellow Swedish GP Segulah.
Headquartered in Stockholm, Inteno Broadband Technology is a manufacturer of networking hardware and software for use in broadband.
Inteno had sales of SEK 350m last year.
Accent Equity Partners – Niklas Sloutski (CEO).
Inteno Broadband Technology – Conny Franzén (CEO).
This is the very first episode of the Unquote PE Podcast
Convergence Ventures and CyberAgent Ventures have led a $4.2 million pre-Series A round for Indonesian hotel reservation service provider Nida Roomss.