Nordic Capital has agreed to sell Macrobond, a global provider of software and macroeconomic and financial data, to Francisco Partners, a global investment firm that specialises in partnering with technology businesses.
Since its initial investment in 2018, Nordic Capital has together “with the management and founders made significant investments in the company’s technology platform, product expansion and dedicated focus to build the leading global workflow tool for time series.”
Macrobond was “founded in 2008 in Malmö, Sweden, with the vision to become the global platform of choice for financial and economic research.”
To improve productivity and enhance collaboration, Macrobond has “strived to create the world’s leading workflow tool for time series, by combining the most comprehensive and accessible database with 300+ million macro and financial time series and powerful analytics capabilities, for its customers.”
Macrobond is headquartered in Malmö and “has offices in Europe, North America and Asia.”
The company has “during Nordic Capital’s ownership more than tripled its ACV (annual contract value) and is currently trending at 34% LTM ACV growth.”
Nordic Capital became “the majority owner of Macrobond in 2018.”
Since then, Macrobond has “made an impressive transformation, from being a founder-led Nordic-centric company to becoming one of the leading global platforms in technology and economic and financial data.”
This has been “achieved through significant investments in the company’s technology platform, product expansion and dedicated focus on strengthening and growing the organisation.”
The growth has been “underpinned by the great combination of software, depth of data and world class user experience to create seamless workflows cleary differentiating Macrobond from competition.”
Nordic Capital’s operational focus, deep insights “in the tech space and expertise to fuel global expansion have been instrumental in the growth of the business.”
Emil Anderson, Partner, Nordic Capital Advisors, said:
“We’re delighted to have been on this journey with Macrobond and are proud of their tireless devotion during this period. Together with Tomas and the rest of the management team, Nordic Capital has focused on expanding the company’s offering to support its focus on becoming the platform of choice for people working in financial and economic research worldwide. We’re impressed by Macrobond’s achievements and remain convinced that they will continue to deliver outstanding services to customers around the world.”
Tomas Liljeborg, CEO of Macrobond, said:
“The last few years together with Nordic Capital have been thrilling. Macrobond has benefitted greatly from the close partnership and their continued and active support to get us closer to the vision set out in 2008 and to deliver significant value for our customers. During Nordic Capital’s ownership, Macrobond has grown to become a global leader and an innovative force in the industry. This transaction marks the beginning of a new and exciting chapter for us.”
Technology & Payments is “one of Nordic Capital’s focus sectors with vast experience, an extensive network, and a dedicated team within Nordic Capital Advisors across Northern Europe.”
As one of Europe’s tech investors, Nordic Capital has “invested EUR 5.8 billion in 24 tech and payment companies since 2001.”
Nordic Capital claims it “has achieved repeatable success in this sector and developed thriving companies as evidenced by the performance of investments such as Trustly, Cint, Siteimprove, Signicat, Conscia, and Regnology.”
The sale of Macrobond comes just “a few months after Nordic Capital announced the record-breaking exit of the Binding Site, a global leader in speciality diagnostics.”
It has been agreed “that the terms of the transaction shall not be disclosed. Completion of the transaction is expected in Q3.”
Arma Partners acted “as exclusive financial advisor,” PwC acted “as tax and financial advisor” and White & Case “as legal advisor to Nordic Capital and Macrobond.”