Fortnox Faces SEK 54.9 Billion Public Offer from EQT X and First Kraft
Deal News | Mar 31, 2025 | Gernandt & Danielsson Advokatbyr
Gernandt & Danielsson Advokatbyrå is advising Fortnox in a public offer from EQT X and First Kraft. The bid consortium announced their cash offer to acquire all Fortnox shares at a valuation of SEK 54.9 billion. The Fortnox board has recommended that shareholders accept this offer. Gernandt & Danielsson's advisory team is led by partner Mikael Borg and includes associates and senior associates like Daniel Sveen, Siri Telmen, and others.
Sectors
- Private Equity
- Software
- Legal Services
Geography
- Sweden – Fortnox Aktiebolag is based in Sweden, and the transaction is centered around this region.
Industry
- Private Equity – EQT X is a private equity firm involved in a significant acquisition attempt of Fortnox.
- Software – Fortnox operates within the software industry, providing services that are being targeted in this acquisition.
- Legal Services – Gernandt & Danielsson Advokatbyrå is providing legal advisory services in the acquisition process.
Financials
- SEK 54.9 billion – The valuation of the public offer to acquire all shares in Fortnox.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fortnox Aktiebolag | Target Company | Company | A Swedish company in the software industry, target of the public offer. |
| EQT X | Bidder | Company | A private equity firm making a bid for Fortnox. |
| First Kraft | Bidder | Company | Part of the consortium with EQT X making a joint bid for Fortnox. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | Acting as legal advisor to Fortnox's board in the context of the public offer. |
| Mikael Borg | Partner | Person | Leading the advisory team from Gernandt & Danielsson for Fortnox. |
| Daniel Sveen | Senior Associate | Person | Part of the Gernandt & Danielsson team advising Fortnox. |