Apax-backed Destiny NV acquires Soluno

Destiny NV, which is backed by Apax Partners, has acquired Stockholm-based Soluno, a cloud-based communications systems.

Destiny NV, which is backed by Apax Partners, has acquired Stockholm-based Soluno, a cloud-based communications systems. No financial terms were disclosed. Arma Partners was financial advisor to Soluno on the deal.

PRESS RELEASE

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Soluno, on its sale to Destiny NV, a portfolio company of Apax Partners SAS.

Headquartered in Stockholm, Soluno is a leading Northern-European wholesale UCaaS provider. The business has delivered strong organic growth enabled by its differentiated, IP-rich service offering, including cloud PBX and next-generation collaboration tools. Destiny, headquartered in Belgium, is a secure cloud communications provider, with operations in Benelux and France.

Soluno was acquired in 2017 by SEB Private Equity. Since then, Soluno has made significant investments in people, systems and product capabilities as well as pursuing inorganic growth opportunities. The acquisition of Soluno substantially increases Destiny’s Nordic presence and brings enhanced cloud PBX capabilities.

This transaction further demonstrates Arma Partners’ experience as a leading advisor to the next-generation cloud communications sector and reinforces our strong footprint in the Nordic countries.

About Arma Partners
Arma Partners provides independent corporate finance advice to companies and investors active in the global Digital Economy. We act as trusted advisors to Digital Economy leaders throughout their entire corporate lifecycle, from raising private capital for fast-growing disrupters and founder-led businesses to orchestrating complex cross-border M&A deals for private equity investors and global large-cap public companies. Founded in 2003, Arma today employs a large dedicated advisory team with unparalleled domain expertise and an enviable track record in each of the diverse sub-segments that together comprise the ever-expanding global Digital Economy.