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FT Partners Advises Signicat on its Sale to Nordic Capital

Overview of Transaction

  • On April 11, 2019, Signicat announced its sale to Nordic Capital
  • Signicat was acquired from Secure Identity Holding1 and other shareholders
  • Viking Venture, Signicat's other major shareholder, will re-invest all proceeds and continue as a minority owner, together with employee shareholders and with Nordic Capital as the majority owner
  • Headquartered in Trondheim, Norway, Signicat is a SaaS verified digital identity hub, which enables its enterprise customers to seamlessly onboard and authenticate end-users as well as sign and store their documents
  • Signicat provides a single integration point providing customers access to the widest available pool of electronic IDs (eIDs), registry lookups, and ID document scanning solutions via a single interface
  • Nordic Capital is a leading private equity firm based in Sweden with offices across the Nordics and Europe, which invests in large and middle-market companies globally with a primary focus in Northern Europe and the DACH region
  • Viking Venture is a Norwegian venture capital firm that invests in growth companies in the technology sector
  • This transaction is comprised of both primary and secondary capital from Nordic Capital, as well as reinvestment from Viking Venture and current management

Significance of Transaction

  • This transaction will enable Signicat to expand into new markets across Europe, North America and globally through hiring and establishing local offices, entering into partnerships with digital identity players, and by supporting existing customers to expand into new geographies
  • This transaction will also support Signicat’s development of its proprietary platform and widen its product capabilities

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Signicat
  • This transaction underscores FT Partners’ expertise in sell-side advisory across a broad range of SaaS-based companies in the fraud and identity management space

(1) SIH is an SPV owned by Kantega’s shareholders, established when Signicat spun out of Kantega through a demerger in 2007; Kantega is a Norwegian IT company providing bespoke software services