Home » Private equity firm Stirling Square acquires contech company Infobric

Private equity firm Stirling Square acquires contech company Infobric

by Liam Turner
IFM acquires majority stake in contech firm Render Networks

Stirling Square, a European mid-market private equity firm, has announced the acquisition of a majority stake in Infobric, a provider of software solutions for the European construction industry.

Stirling Square has purchased Infobric from Summa Equity, which says it will re-invest as a minority investor.

Stirling Square plans to work with the management team to continue the business’ expansion into new markets and to invest in new products and services, including through selective acquisitions to complement organic growth. 

Infobric, headquartered in Sweden with operations across the Nordics and the United Kingdom, provides end-to-end construction software products supporting the digitalisation of the construction industry.

Since being acquired by Summa in 2018, Infobric has pursued geographical growth and expanded its offering, while making several acquisitions across the sector.

The firm says it has over 10,000 customers and 300,000 individual users.

The financial details of the acquisition remain undisclosed.

‘Tremendous growth’

Henrik Lif, partner at Stirling Square said: “We are delighted to invest in Infobric alongside its ambitious management team, who have built a software leader in the build phase of the construction value chain.

“We look forward to bringing our experience in the contech sector to support the business to accelerate its impressive growth trajectory including enabling further international growth and expanding the software offering.”

‍Dan Friberg, president and CEO at Infobric, said: “During our time working with Summa, we have achieved tremendous growth.

“Their unwavering support and expertise mean we are now well-positioned to become a global leader in the digital construction landscape and deliver on our goals to create a safer and more sustainable industry.

“We are proud to welcome Stirling Square as our new investor as they bring sector expertise, local market knowledge, as well as pan-European expertise, which will be critical as we continue to expand internationally.

“Importantly, they also share Infobric’s values as growth-oriented long-term entrepreneurial investors who share our commitment to sustainability.”

Gisle Glück Evensen, partner at Summa Equity added: “Infobric has made huge strides in transforming the construction industry, and we are proud to have supported them in growing five-fold since our initial investment.

“Infobric has an important role to play in actualising a more efficient, safe, and sustainable future while capitalising on the industry’s positive long-term growth outlook.

“We are excited to work alongside Stirling Square to support the next phase of Infobric’s growth as a minority investor.”

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