Search company, investor...

Predict your next investment

Private Equity
summaequity.com

Investments

17

Portfolio Exits

13

Funds

10

Partners & Customers

1

Service Providers

1

About Summa Equity

Summa Equity is a private-equity firm set up by former deal makers from Altor Equity Partners and Nordic Capital. The firm will target investments in the Nordic region in the small and lower-mid market space, the person added.

Headquarters Location

David Bagares Gata 3

Stockholm, 111 38,

Sweden

46 722 066 900

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest Summa Equity News

Thomson Reuters increases its ownership in Pagero and is now owner of approximately 84.53 per cent of the shares

Feb 5, 2024

Thomson Reuters Finance S.A. Mon, Feb 05, 2024 08:30 CET The Offer is not being made, and this press release may not be distributed, directly or indirectly in or into, nor will any tender of shares be accepted from or on behalf of holders in Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law (including the Takeover-rules). Shareholders in the United States should also refer to the section titled "Special notice to the shareholders in the United States" at the end of this press release. On 11 January 2024, Thomson Reuters Corporation, through its wholly-owned subsidiary Thomson Reuters Finance [1] (“Thomson Reuters”), announced a recommended public cash offer to acquire all shares in Pagero Group AB (publ) (“Pagero”) for SEK 40 in cash per share (the “Offer”). In addition, Thomson Reuters informed the Pagero shareholders that the price in the Offer was increased to SEK 50 per share and that Thomson Reuters had acquired approx. 53.81 per cent of the shares and votes in Pagero from key shareholders, including Summa Equity, Pagero’s CEO Bengt Nilsson, as well as several members of the management team and employees. On 16 January 2024, Thomson Reuters announced that they had acquired shares in Pagero outside of the Offer, including shares from AP4 amongst others, and become the owner of approx. 59.31 per cent of the shares and votes. Thomson Reuters today informs shareholders in Pagero that Thomson Reuters has acquired additional shares in Pagero outside the Offer and is now the owner of approximately 84.53 per cent of the shares and votes. This includes the acquisition of shares from Gosocket as well as all shares in Pagero held by Avalara Inc., which placed a public offer for all shares in Pagero on 12 January 2024 through Loki BidCo AB. Steve Hasker, President and CEO of Thomson Reuters Corporation, comments: “Following the announcement of our increased ownership in Pagero, we have since engaged in constructive discussions with additional shareholders, including Avalara and Gosocket, and are pleased to update that Thomson Reuters now controls approximately 84.53 per cent of the total outstanding shares. The unanimous support from the independent bid committee, several key shareholders, including, founder and CEO Bengt Nilsson, major institutional investors such as Summa Equity and AP4, as well as members of the management team and employees, all validate our view of Thomson Reuters being the best home for Pagero. We look forward to closing this transaction with the remaining shareholders taking advantage of the attractive offer price.” As set forth in the offer document regarding the Offer made public on 12 January 2024 (the “Offer Document”), Thomson Reuters and its affiliates may, to the extent permissible under applicable law or regulations, acquire, or take measures to acquire, shares in Pagero in other ways than through the Offer. Information about such acquisitions of shares, or measures to acquire shares, must be disclosed in accordance with applicable laws and regulations. In view of this, Thomson Reuters informs the Pagero shareholders that Thomson Reuters, following its announcement on 15 January 2024 that Thomson Reuters acquired a majority stake in Pagero and the subsequent acquisition of 8,864,487 shares and votes in Pagero outside of the Offer announced on 16 January 2024, has acquired an additional 40,655,489 shares and votes in Pagero outside of the Offer. Accordingly, the total number of shares in Pagero acquired by Thomson Reuters, including the shares previously acquired outside the Offer, amounts to 136,240,646 shares, corresponding to approximately 84.53 per cent of the share capital and the voting rights in Pagero. No acquisitions have been made at a price exceeding the price in the Offer. Thomson Reuters will continue to strive towards an ownership in Pagero of more than 90 per cent of the total number of shares in Pagero and thereafter commence compulsory redemption proceedings under the Swedish Companies Act (2005:551) (Sw. aktiebolagslagen (2005:551)) to acquire all remaining shares in Pagero and promote a delisting of Pagero's shares from Nasdaq First North Growth Market. Further information MEDIA This press release was submitted for publication on 5 February 2024 at 08.30 CET. Important information The Offer, pursuant to the terms and conditions presented in this press release, is not being made to persons whose participation in the Offer requires that an additional offer document is prepared or registration effected or that any other measures are taken in addition to those required under Swedish laws and regulations. This press release and any related Offer documentation are not being distributed and must not be mailed or otherwise distributed or sent in or into any country in which the distribution or offering would require any such additional measures to be taken or would be in conflict with any law or regulation in such country – any such action will not be permitted or sanctioned by Thomson Reuters. Any purported acceptance of the Offer resulting directly or indirectly from a violation of these restrictions may be disregarded. The Offer is not being and will not be made, directly or indirectly, in or into, by use of mail or any other means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland. This includes, but is not limited to facsimile transmission, electronic mail, telex, telephone, the Internet and other forms of electronic transmission. The Offer cannot be accepted and shares may not be tendered in the Offer by any such use, means, instrumentality or facility of, or from within Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland or by persons located or resident in Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland. Accordingly, this press release and any related Offer documentation are not being and should not be mailed or otherwise transmitted, distributed, forwarded or sent in or into Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland or to any Australian, Belarusian, Canadian, Hong Kong, Indian, Japanese, New Zealand, Russian, Singaporean, South African or Swiss person or any persons located or resident in Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland. Any purported tender of shares in the Offer resulting directly or indirectly from a violation of these restrictions will be invalid and any purported tender of shares made by a person located in Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from or within Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland will be invalid and will not be accepted. Each person who holds shares and participates in the Offer will certify to not being an Australian, Belarusian, Canadian, Hong Kong, Indian, Japanese, New Zealand, Russian, Singaporean, South African or Swiss person, not being located or participating in the Offer from Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland and not acting on a nondiscretionary basis for a principal that is an Australian, Belarusian, Canadian, Hong Kong, Indian, Japanese, New Zealand, Russian, Singaporean, South African or Swiss person, or that is located in or giving order to participate in the Offer from Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland. Thomson Reuters will not deliver any consideration relating to the Offer to Australia, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland. This press release is not being, and must not be, sent to shareholders with registered addresses in Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland. Banks, brokers, dealers and other nominees holding shares for persons in Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South Africa or Switzerland must not forward this press release or any other document related to the Offer to such persons. The Offer, the information and documents contained in this press release are not being made and have not been approved by an authorised person for the purposes of section 21 of the UK Financial Services and Markets Act 2000 (the "FSMA"). Accordingly, the information and documents contained in this press release are not being distributed to, and must not be passed on to, the general public in the United Kingdom except where there is an applicable exemption. The communication of the information and documents contained in this press release is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is a communication by or on behalf of a body corporate which relates to a transaction to acquire day to day control of the affairs of a body corporate; or to acquire 50 per cent or more of the voting shares in a body corporate, within article 62 of the UK Financial Service and Markets Act 2000 (Financial Promotion) Order 2005. Regardless of the previous, Thomson Reuters reserves the right to approve that the Offer is accepted by persons not present or resident in Sweden if Thomson Reuters, in its own opinion, assesses that the relevant transaction can be carried out in accordance with applicable laws and regulations. To the extent permissible under applicable law or regulation, Thomson Reuters or its brokers may purchase, or conclude agreements to purchase, shares in Pagero, directly or indirectly, outside of the scope of the Offer, before, during or after the period in which the Offer remains open for acceptance. This also applies to other securities which are directly convertible into, exchangeable for, or exercisable for shares in Pagero, such as warrants. These purchases may be completed via a market place at market prices or outside a market place at negotiated prices. Any information on such purchases will be disclosed as required by law or regulation in Sweden. This press release has been published in Swedish and English. In the event of any discrepancy in content between the two language versions, the Swedish version shall prevail. Forward-looking information Statements in this press release relating to future status and circumstances, including statements regarding future performance, growth and other projections as well as benefits of the Offer, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as "should", "expects", "believes", or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Actual results may differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Thomson Reuters. Any such forward-looking statements speak only as of the date on which they were made and Thomson Reuters, has no obligation (and undertakes no such obligation) to update or revise any of them, whether as a result of new information, future events or otherwise, except for in accordance with applicable laws and regulations. Special notice to the shareholders in the United States The Offer described in this press release is made for the issued and outstanding shares of Pagero, a company incorporated under Swedish law, and is subject to Swedish disclosure and procedural requirements, which may be different from those of the United States. Holders of the shares of Pagero domiciled in the United States (“U.S. Holders”) are advised that the Pagero shares are not listed on a U.S. securities exchange and that Pagero is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder. The Offer is made to the U.S. Holders on the same terms and conditions as those made to all other shareholders of Pagero to whom an offer is made. Any information documents, including the offer document, will be disseminated to U.S. Holders on a basis comparable to the method pursuant to which such documents are provided to Pagero’s other shareholders. In the United States, the Offer is subject to the requirements of the U.S. Exchange Act, and the rules and regulations promulgated thereunder, including Section 14(e) of the U.S. Exchange Act and Regulation 14E thereunder, in each case to the extent applicable, subject to the exemption provided under Rule 14e-1(d) under the U.S. Exchange Act (the “Tier II Exemption”). The Offer will otherwise be made in compliance with the disclosure and procedural requirements of Swedish law, including with respect to withdrawal rights, the Offer timetable, notices of extensions, announcements of results, settlement procedures (including as regards to the time when payment of the consideration is rendered) and waivers of conditions, which may be different from requirements or customary practices in relation to U.S. domestic tender offers. As permitted under the Tier II Exemption, the settlement of the Offer is based on the applicable Swedish law provisions which differ from the settlement procedures customary in the United States, particularly as regards the time when payment of the consideration is rendered. The Offer, which is subject to Swedish law, is being made to the U.S. Holders in accordance with the applicable U.S. securities laws, and applicable exemptions thereunder, including the Tier II Exemption. To the extent the Offer is subject to U.S. securities laws, those laws only apply to U.S. Holders and thus will not give rise to claims on the part of any other person. The U.S. Holders should consider that the Offer Price is being paid in SEK and that no adjustment will be made based on any changes in the exchange rate. Pagero’s financial statements and all financial information included in this press release, or any other documents relating to the Offer, have been or will be prepared in accordance with IFRS and may not be comparable to the financial statements or financial information of companies in the United States or other companies whose financial statements are prepared in accordance with U.S. generally accepted accounting principles. It may be difficult for Pagero’s shareholders to enforce their rights and any claims they may have arising under the U.S. federal or state securities laws in connection with the Offer, since Pagero and Thomson Reuters are located in countries other than the United States, and some or all of their officers and directors may be residents of countries other than the United States. Pagero’s shareholders may not be able to sue Pagero or Thomson Reuters or their respective officers and directors in a non-U.S. court for violations of U.S. securities laws. Further, it may be difficult to compel Pagero or Thomson Reuters and/or their respective affiliates to subject themselves to the jurisdiction or judgment of a U.S. court. To the extent permissible under applicable law or regulations and pursuant to Rule 14e-5(b) of the U.S. Exchange Act, Thomson Reuters and its affiliates or its brokers and its brokers’ affiliates (acting as agents for Thomson Reuters or its affiliates, as applicable) may from time to time and during the pendency of the Offer, and other than pursuant to the Offer, directly or indirectly purchase or arrange to purchase shares of Pagero outside the United States, or any securities that are convertible into, exchangeable for or exercisable for such shares. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent required under applicable law or regulations, information about such purchases will be disclosed by means of a press release or other means reasonably calculated to inform U.S. Holders of such information to the extent that such information is made public in Pagero’s home jurisdiction. In addition, the financial advisor to Thomson Reuters may also engage in ordinary course trading activities in securities of Pagero, which may include purchases or arrangements to purchase such securities as long as such purchases or arrangements are in compliance with the applicable law. The receipt of cash pursuant to the Offer by a U.S. Holder may be a taxable transaction for U.S. federal income tax purposes and under applicable U.S. state and local, as well as foreign and other, tax laws. Each shareholder is urged to consult an independent professional adviser regarding the tax consequences of accepting the Offer. Neither Thomson Reuters nor any of its affiliates and their respective directors, officers, employees or agents or any other person acting on their behalf in connection with the Offer shall be responsible for any tax effects or liabilities resulting from acceptance of this Offer. NEITHER THE SEC NOR ANY U.S. STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THE OFFER, PASSED ANY COMMENTS UPON THE MERITS OR FAIRNESS OF THE OFFER, PASSED ANY COMMENT UPON THE ADEQUACY OR ACCUARY OF THIS PRESS RELEASE OR PASSED ANY COMMENT ON WHETHER THE CONTENT IN THIS PRESS RELEASE IS CORRECT OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES. For purposes of this section “United States” and “U.S.” means the United States of America (its territories and possessions, all states of the Unites States of America and the District of Columbia). U.S. Holders are encouraged to consult with their own advisors regarding the Offer. [1]        “Thomson Reuters Finance” refers to Thomson Reuters Finance S.A., a Luxembourg société anonyme with company registration number RC B 45994 and corporate seat in Luxembourg, Luxembourg.

Summa Equity Investments

17 Investments

Summa Equity has made 17 investments. Their latest investment was in ZeroAvia as part of their Series C on September 18, 2023.

CBI Logo

Summa Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/18/2023

Series C

ZeroAvia

$116M

No

4

12/6/2022

Series D

Oda

$150.31M

Yes

4

3/22/2022

Private Equity

TBAuctions

Yes

3

3/10/2022

Series C

Subscribe to see more

$99M

Subscribe to see more

10

12/13/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/18/2023

12/6/2022

3/22/2022

3/10/2022

12/13/2021

Round

Series C

Series D

Private Equity

Series C

Series B

Company

ZeroAvia

Oda

TBAuctions

Subscribe to see more

Subscribe to see more

Amount

$116M

$150.31M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

4

3

10

10

Summa Equity Portfolio Exits

13 Portfolio Exits

Summa Equity has 13 portfolio exits. Their latest portfolio exit was Metry on January 23, 2024.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/23/2024

Acquired

$99M

3

12/10/2023

Acq - Fin

$99M

2

6/21/2023

Acq - Fin - II

$99M

3

1/12/2023

Merger

Subscribe to see more

$99M

Subscribe to see more

10

1/12/2023

Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/23/2024

12/10/2023

6/21/2023

1/12/2023

1/12/2023

Exit

Acquired

Acq - Fin

Acq - Fin - II

Merger

Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

2

3

10

10

Summa Equity Acquisitions

20 Acquisitions

Summa Equity acquired 20 companies. Their latest acquisition was LogPoint on March 02, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/2/2023

Other

$99M

$40M

Acq - Fin

1

8/31/2022

Series C

$99M

$112.91M

Acq - Fin

3

8/31/2022

Series B

$99M

$88.3M

Acq - Fin

2

8/31/2022

Series A

Subscribe to see more

$99M

$99M

Subscribe to see more

10

3/1/2022

Seed / Angel

Subscribe to see more

$99M

$99M

Subscribe to see more

10

Date

3/2/2023

8/31/2022

8/31/2022

8/31/2022

3/1/2022

Investment Stage

Other

Series C

Series B

Series A

Seed / Angel

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$40M

$112.91M

$88.3M

$99M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

Subscribe to see more

Subscribe to see more

Sources

1

3

2

10

10

Summa Equity Fund History

10 Fund Histories

Summa Equity has 10 funds, including Summa Equity Fund (III).

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/20/2022

Summa Equity Fund (III)

$2,493.41M

2

3/15/2019

Knilo Co-Investment (No. 1)

$87.61M

1

3/15/2019

Knilo Co-Investment (No. 2)

$46.79M

1

2/25/2019

Summa Equity Fund II (No. 1)

Subscribe to see more

Subscribe to see more

$99M

10

1/15/2019

Summa Equity Fund II (No. 2)

$99M

10

Closing Date

1/20/2022

3/15/2019

3/15/2019

2/25/2019

1/15/2019

Fund

Summa Equity Fund (III)

Knilo Co-Investment (No. 1)

Knilo Co-Investment (No. 2)

Summa Equity Fund II (No. 1)

Summa Equity Fund II (No. 2)

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$2,493.41M

$87.61M

$46.79M

$99M

$99M

Sources

2

1

1

10

10

Summa Equity Partners & Customers

1 Partners and customers

Summa Equity has 1 strategic partners and customers. Summa Equity recently partnered with Allvue Systems on March 3, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

3/24/2017

Vendor

United States

Summa Equity selects AltaReturn - Allvue Systems

About Summa Equity : Summa Equity was formed in 2016 by partners with A shared vision of building A leading specialised private equity firm in the Nordic lower mid-market , positioned to capture the investment opportunity provided by the thematic megatrends expected to drive growth over the long term .

1

Date

3/24/2017

Type

Vendor

Business Partner

Country

United States

News Snippet

Summa Equity selects AltaReturn - Allvue Systems

About Summa Equity : Summa Equity was formed in 2016 by partners with A shared vision of building A leading specialised private equity firm in the Nordic lower mid-market , positioned to capture the investment opportunity provided by the thematic megatrends expected to drive growth over the long term .

Sources

1

Summa Equity Service Providers

1 Service Provider

Summa Equity has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acq - Fin

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Summa Equity Team

3 Team Members

Summa Equity has 3 team members, including current Chief Investment Officer, Christian Melby.

Name

Work History

Title

Status

Christian Melby

Garden, Norvestor, Reiten and Co., and Arthur Andersen

Chief Investment Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Christian Melby

Subscribe to see more

Subscribe to see more

Work History

Garden, Norvestor, Reiten and Co., and Arthur Andersen

Title

Chief Investment Officer

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.