Complea A/S Strengthens Growth with GTO Partners' Majority Stake Acquisition
Deal News | Apr 23, 2025 | PR Newswire Cision GTO Partners
Pan-European private equity firm GTO Partners has acquired a majority stake in Complea A/S, a prominent Danish IT company. This strategic investment aims to bolster Complea's growth, emphasizing both organic expansion and targeted acquisitions. GTO Partners, renowned for its expertise in B2B technology investments, plans to support Complea's growth strategy while maintaining the company's strong culture and customer-centric approach. Founded by Morten Hovaldt, Complea has made remarkable advances in the IT sector, featuring a substantial increase in revenue driven by subscription-managed services. The company has also invested heavily in advanced hosting infrastructure, positioning itself as a major player in the Danish market. Complea continues to thrive under Hovaldt's leadership with plans for further expansion bolstered by GTO's backing.
Sectors
- Private Equity
- IT Services
Geography
- Denmark – Complea A/S is a Danish IT company, and the acquisition impacts the Danish market.
- Pan-European – GTO Partners is a pan-European private equity firm, indicating a wide geographical focus across Europe.
Industry
- Private Equity – The acquisition of Complea A/S by GTO Partners involves private equity activities, indicating an investment transaction aimed at long-term growth.
- IT Services – Complea A/S is an IT services company providing digitalisation solutions, private cloud, IT security, and other tech services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GTO Partners | Bidding Company | Company | A pan-European, mid-market private equity firm focused on investments in the B2B software and services sectors. |
| Complea A/S | Target Company | Company | A leading Danish IT company providing a range of digital services and solutions. |
| Federico Canciani | Managing Partner | Person | Managing Partner at GTO Partners, overseeing the investment in Complea A/S. |
| Morten Hovaldt | CEO and Founder | Person | CEO and Founder of Complea A/S, having led the company since its founding in 2010. |
| Greenbrook | PR Advisory | Company | Handles PR and media enquiries for GTO Partners. |