Stirling Square Capital Partners, a pan-European mid-market private equity firm, has acquired a majority stake in Infobric, a provider of software solutions for the European construction industry, from Summa Equity, a purpose-driven thematic investment firm.
Stirling Square Capital Partners (Stirling Square), a pan-European mid-market private equity firm, has acquired a majority stake in Infobric, a provider of software solutions for the European construction industry, from Summa Equity (Summa), a purpose-driven thematic investment firm.
Financial terms of the transaction, which sees Summa re-invest alongside Stirling Square and Infobric’s management team as a minority investor, and is subject to customary regulatory approvals, have not been disclosed.
Stirling Square will now work closely with the management team to continue the firm’s’ expansion into new markets and to invest in new products and services, including through selective acquisitions to complement organic growth.
Infobric, headquartered in Sweden with operations across the Nordics and the United Kingdom, provides end-to-end construction software products supporting the digitalisation of the construction industry. With a suite of SaaS solutions, Infobric enables its customers to manage site safety, machinery and equipment, contracts, and workers, and provides efficient sharing of resources and workforce optimisation.
Stirling Square has a long track record of investing in leading global construction technology companies, including Byggfakta AS, NBS, Glenigan, Vortal and BCI Central. Current portfolio companies in the Nordics include AssistansBolaget, Logent and SAR.
