Macquarie consortium to buy Swedish software company Byggfakta Group in a $1 billion buyout deal

Byggfakta Group Nordic HoldCo AB, a Swedish software and information company within the construction industry, has received a substantial all-cash buyout offer totaling approximately $1 billion from a consortium, which includes Macquarie Capital.

In an announcement on Friday, Byggfakta Group disclosed that its internal committee is recommending shareholders to accept the buyout bid from the consortium. The offer values the Swedish software company at around 10.1 billion kronor ($982.07 million), causing the company’s shares to surge to a nearly one-year high.

The consortium is proposing a cash payment of 46 Swedish kronor for each Byggfakta share, representing a 31% premium over the stock’s last closing price, Reuters reported.

Following the news, shares of Byggfakta, a prominent software and information company in the Swedish construction industry, experienced a significant increase of about 30% to reach 45.80 kronor, marking its highest point since early January 2023. However, it’s worth noting that the stock is still trading below the October 2021 IPO price of 75 kronor per share.

Henrik Lif from consortium member Stirling Square Capital Partners expressed satisfaction with the unanimous support from the independent bid committee and former managing director and current board member of Byggfakta, Stefan Lindqvist, who has committed to accepting the offer.

Byggfakta clarified that the consortium does not plan to make any substantial changes to the company’s employees, management team, or operations. The consortium is primarily composed of private equity firms TA Associates and Stirling Square, which jointly hold a 67.4% stake in Byggfakta.

Founded in 1936, Byggfakta Group is a leading software and information company in the construction industry, offering a proprietary cloud-based service and a fully integrated data and software platform.