William Blair & Company LLC

15/07/2024 | Press release | Distributed by Public on 15/07/2024 16:36

Sensio Has Agreed to be Acquired by Nordic Capital

William Blair acted as the exclusive financial advisor to Sensio, a portfolio company of Longship, in connection with its pending sale to Nordic Capital. The transaction was signed in July 2024, and is expected to close later in 2024, subject to regulatory filings.

About the Companies

Sensio is a leading player in the care technology space, providing best-in-class monitoring solutions, including fall prevention and detection, with an established Nordic market presence and strong growth following initial penetration into the UK and German markets, as well as other emerging European geographies. The company's integrated software and hardware solutions drive substantial benefits for all stakeholders across both residential and home care settings, thereby addressing the urgent need for technology adoption and a digital-first approach to providing care. Based in Oslo, Norway, the company employs 200 staff and supports care for about 70,000 recipients through its technology platform.

Longship is a Norwegian private equity investor established in 2015. Longship invests in companies with significant growth potential in the Norwegian lower mid-market and are applying a transformational growth approach. Longship closed its third fund in January 2023 and has roughly NOK 5.2 billion of assets under management.

Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Industrial & Business Services. Since inception in 1989, Nordic Capital has invested over EUR 25bn in more than 145 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital has local offices in Sweden, the United Kingdom, the United States, Germany, Denmark, Finland, Norway, and South Korea.

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