Verdane Capital acquires Propellerhead Software
On March 31, 2017 the Swedish Private Equity firm Verdane Capital acquired Propellerhead Software AB.
Propellerhead Software announced today that the company is bringing on board private equity fund Verdane Capital IX (Verdane) as a new partner. Verdane will support the company’s expansion in several areas around the core product Reason, the app store-model Rack Extensions and the mobile music-making platform. Formed in 1994, Propellerhead Software is a privately owned company based in Stockholm, Sweden.
“Jarl Securities acted as sole financial advisor in the process and has been an incredibly grateful support to the owners. They monitored our interests in the best possible way and they found a buyer that will be a fantastic partner to our future development”
Ernst Nathorst-Böös, CEO and founder of Propellerhead.
Carlsquare acted as sole financial advisor to the seller.
Type of buyer:Private Equity