Houlihan Lokey Advises Netigate

Houlihan Lokey is pleased to announce that Netigate AB has received a strategic investment from GRO Capital to fuel growth and accelerate the build-out of a leading experience management platform. Through this investment, GRO Capital has become the majority shareholder in Netigate. The transaction closed on 12 August 2022.

Netigate provides a cloud-based experience management platform that allows customers to collect, analyse, and take strategic action on insights gathered from its two most valuable assets: its customers and employees. As a fast-growing SaaS company, Netigate supports 1,500+ global customers from its offices in Germany, Sweden, Norway, and Poland.

Since its founding in 2005, Netigate has grown from an employee and customer journey consultancy provider into an established SaaS experience management provider with 150+ employees across five offices in Stockholm (HQ), Oslo, Warsaw, Berlin, and Frankfurt. The company has seen rapid growth since inception, and GRO partners with Netigate at an important inflection point in its growth journey, as the management team is proving commercial traction with new initiatives and has embarked on an exciting operational excellence journey, positioning the company for a sustainable growth journey.

GRO Capital is a leading northern European private equity fund with an exclusive focus on mature B2B software and tech-enabled companies with strong growth prospects. GRO Capital serves as an active owner developing portfolio companies with a view to create long-term value. The partners behind GRO Capital have been investors in more than 25 technology- and software-related companies, and GRO Capital has approximately €1 billion in AUM.

Houlihan Lokey served as the exclusive financial advisor to the selling shareholders of Netigate and assisted in marketing, structuring, and negotiating the transaction on behalf of the company.

Tom Nyman, Chairman and Investor at Netigate, said, "As a result of Houlihan Lokey’s global reach and knowledge of the software space we’ve been able to welcome GRO Capital, one of the leading SaaS investors in northern Europe, as our new majority shareholder. Netigate is a great company and we felt comfortable that the transaction would succeed. However, with the current challenges facing the market today, it was imperative to have robust, expert strategic and financial advice to help us achieve a fantastic outcome for our business. I can highly recommend Houlihan Lokey as an advisory to technology companies that need a strategic, hands-on advisor with a strong local presence and global reach."

This transaction further highlights Houlihan Lokey’s deep sector expertise in advising Nordic software businesses, particularly those within the customer and employee experience space.