Byggfakta Group today announces the completion of the acquisition of 100 percent of BCI Media Group, a leading B2Binformation provider for the construction industry in Australia, New Zealand, Asia and the US.
BCI is providing critical intelligence on current and prospective construction projects essential in lead and sales generation for its clients. With the acquisition of BCI, Byggfakta Group further expands its project information business footprint internationally.
BCI had approximately AUD 40 million(corresponding to approximately SEK 256 million) of revenue in the financial year 2020/21 and approximately 730 employees distributed across the regions Australia, US and Asia.
StirlingSquare Capital Partners (“Stirling Square”), a leading pan-European mid-market private equity firm, is proud to announce that Byggfakta Group Nordic HoldCo AB (publ) (“Byggfakta Group” or the “Company”), a leading market intelligence and sales enablement platform for the European construction industry, was listed on the Nasdaq Stockholm today, marking the next step of a journey which started with Stirling Square Capital Partners in 2017. The offering attracted very strong interest from investors and was multiple times oversubscribed.
Headquartered in Ljusdal (Sweden), Byggfakta Group, is a digital platform providing solutions connecting construction value-chain participants, maximising sales and improving efficiency for its customers. The Company’s core offering lies across four product segments, targeting different stakeholders in the construction value chain, namely (i) Project Information – a business intelligence sales leads platform; (ii) Specification – specification software digitising the specification writing process; (iii) Product Information – an online platform for suppliers to showcase their products online, and providing buyers a comprehensive catalogue of curated construction products; and (iv)e-Tendering – eSourcing and eProcurement software.
The Company was created in 2020 under Stirling Square’s ownership in partnership with TA Associates, a leading global growth private equity firm, following the initial acquisition of DOCU Nordic by Stirling Square’s Third Fund and the subsequent investment by Stirling Square’s Fourth Fund. Byggfakta is the result of the successful combination of DOCU Nordic with Vortal, Olmero, National Building Specification, and Glenigan.
Stefan Lindqvist, CEO for Byggfakta Group, comments:
”Today marks an important day in Byggfakta Group’s history. We are tremendously thankful for all of our employees who have contributed to the expansion of Byggfakta to be come a leader in the construction technology market. We welcome the new shareholders who join us today as we list on Nasdaq Stockholm, a milestone which further improves the conditions for our continued expansion and strengthens Byggfakta Group’s market position.”
Henrik Lif, Investment Committee Member at Stirling SquareCapital Partners and Chairman of the board of Byggfakta Group, comments:
“We are very proud of the past years’ performance, where Stefan and the team have achieved strong growth and built a fantastic company with a leading tech platform to serve the construction industry. The strong interest in the offering from both private and professional investors is a testament to the market’s trust in management and our continued growth strategy. Stirling Square Capital Partners are excited to continue this journey together with the Company and our new shareholders.”
A link to the official IPO press release can be found here: https://byggfaktagroup.com/mfn_news_en/first-day-of-trading-in-byggfakta-groups-shares-on-nasdaq-stockholm/
Following the successful acquisition of DOCU Nordic, Vortal and Olmero by Stirling Square’s Fourth Fund in 2020, Stirling Square is pleased to announce the additional acquisitions of National Building Specification (“NBS”) and Glenigan. Together with the previously acquired businesses, the combined platform is now known as the Byggfakta Group.
The recent acquisitions of NBS and Glenigan further enhance the Byggfakta Group’s integrated approach to capturing and publicising valuable information for its clients from the earliest stages of ideation, through to design and specification, tendering and procurement. This ability to maintain customer engagement through the full value chain creates a unique value proposition for customers that is unrivalled globally.
With significant operations across Scandinavia, the United Kingdom, Iberia, DACH and Central & Eastern Europe, the integrated Byggfakta Group represents a leading construction technology and construction management ecosystem in Europe.
Stirling Square Capital Partners (“Stirling Square”), a leading pan-European mid-market private equity firm, today announced an additional investment in portfolio company DOCU Nordic Group Holdings AB (“DOCU Nordic” or the “Company”) in partnership with TA Associates, a leading global growth private equity firm. TA Associates will acquire a significant minority stake in the Company from Stirling Square’s Third Fund alongside Stirling Square’s Fourth Fund, which becomes the majority shareholder in DOCU Nordic.
Headquartered in Ljusdal, Sweden, DOCU Nordic is the leading provider of business intelligence and data analytics services within the construction, real estate and healthcare markets in Scandinavia, Central Europe and Iberia.
During Stirling Square’s Third Fund’s ownership, DOCU Nordic substantially developed its product offerings and capabilities while expanding its geographic reach. The Company recently announced the acquisition of Vortal in Portugal, which will add strategic e-tendering capabilities and a presence in Iberia. The new investment is the latest step in DOCU Nordic’s aim to create the leading construction technology and construction management eco-system in Europe, with significant opportunity for future buy-and-build activity.
Henrik Lif, Partner of Stirling Square, commented: “We believe that DOCU Nordic is an outstanding business that provides business critical and high-value services to a broad customer base. We are delighted to continue our investment journey with the Company in partnership with TA Associates. DOCU Nordic has demonstrated industry leading innovation in the construction, real estate and healthcare sectors. With the recent acquisition of Vortal in Portugal, the Company takes a further step geographically with the leading public e-tendering platform in Southern Europe. We look forward to continuing our work with senior management on organic growth and buy-and-build opportunities across Europe.”
Naveen Wadhera, Managing Director of TA Associates, said: “Given our focus on partnering with market leading, profitable and growing businesses, DOCU Nordic offers a compelling investment opportunity for TA. We see particular opportunity to help accelerate the Company’s growth and to expand both product offerings and geographic reach through accretive acquisitions. We are excited to partner with Stirling Square and DOCU Nordic’s management team to help build additional value for the Company.”
Stefan Lindqvist, CEO of DOCU Nordic, added: “We are delighted to have the opportunity to further build on the past three years of partnership with Stirling Square, and we welcome TA Associates, an experienced global investor in the technology sector, as a new partner. We look forward to working closely with both owners as we open a new chapter in DOCU Nordic’s success story.”
Mr. Henrik Lif, Mr. Ben Hopper and Mr Raphael Mukomilow of Stirling Square and Mr. Naveen Wadhera and Mr. Max Cancre of TA Associates will serve on the DOCU Nordic Board of Directors.
Stirling Square Capital Partners (“Stirling Square”), a leading pan-European mid-market private equity firm, today announces the acquisition of DOCU Nordic Group Holdings AB (“DOCU Nordic” or the “Company”).
DOCU Nordic is the leading provider of business intelligence and data analytics services essential in the generation of sales leads within the construction, real estate and healthcare markets across the Nordic region. Headquartered in Ljusdal, Sweden, the Company maintains market leading positions in Sweden, Denmark, Norway and Finland.
DOCU Nordic’s core business is Project & Product Information services, which provides intelligence for construction market participants and connects materials suppliers and contractors with developers and advisers (such as architects). Together, the Project & Product Information services segment maintains a proprietary centralised database of more than 94,000 construction projects and 16,000 building products, serving a subscriber base of over 22,000 customers across the entire construction value chain. DOCU Nordic additionally offers comparable products in the Commercial Property and Healthcare spaces.
Stefano Bonfiglio, Managing Partner of Stirling Square, commented: “DOCU Nordic is the clear leader in its space, providing valuable transparency in the highly fragmented and complex construction industry. Together with DOCU Nordic’s management team we look forward to evolving the Company to create an eco-system of intelligence among industry participants.”
Henrik Lif of Stirling Square commented: “DOCU Nordic is a terrific business providing mission-critical services to a broad customer base. As we look to the company’s future we see significant opportunity to more deeply integrate with existing customers, expand product offerings in established segments, and develop its footprint beyond the Nordics.”
Stefan Lindqvist, CEO of DOCU Nordic added: “With Stirling Square as new majority owner, we look forward to continuing our efforts to improve and expanding our offering of information services in existing and new markets.”
The transaction represents the eighth platform investment in Stirling Square’s Third Fund, and Stirling Square’s first platform investment in Sweden.