Press release -
Monterro divests Matilda FoodTech and re-invests in the business together with Stena Sessan
Monterro, the leading Nordic B2B software investor, has divested Matilda FoodTech from its first fund, M1, and re-invested in the business with M4, its recently launched fourth fund. Monterro will continue to be the majority owner and will support Matilda FoodTech through the next phase of its growth journey, together with investment firm Stena Sessan.
-“We’re really proud of the growth that Matilda has accomplished during our journey together,” says Gustav Lagercrantz, CEO of Monterro and Chairman of the Board of Matilda FoodTech. “We’ve done several add-on acquisitions, strengthened the product portfolio, and expanded to new markets and target audiences. This has led to tremendous growth over recent years, and we’re happy to continue our partnership and support Matilda on the journey ahead.”
Matilda FoodTech empowers the sustainable food service industry by offering a platform that automates, streamlines and improves all food service operations, from procurement to waste management. The platform also helps customers achieve several of the Sustainability Development Goals. Matilda FoodTech’s successful growth has enabled the company to expand its footprint in Europe.
-“We’re very happy to have the continued engagement and commitment of Monterro and look forward to adding Stena Sessan as a new shareholder. We share the same values, and they are both strong, long-term partners that will support us and help us grow in a sustainable way,” says Erik Bergseth, CEO of Matilda FoodTech.
Monterro’s fund M1 has divested all its shares of Matilda FoodTech. The majority of these shares were acquired by Monterro’s fund M4, while Stena Sessan acquired a minority. Management and employees keep all their shares.
-“Stena Sessan invests in sustainable companies that have the potential to develop and grow for years to come. Matilda FoodTech is exactly that type of company,” says Kristina Patek, Senior Investment Director at Stena Sessan. “They are pioneers of sustainable food service solutions, and we see a great potential for them to continue growing in a future-proof industry. We’re excited to join and support them going forward.”
Investment bank Houlihan Lokey acted as financial advisor and Hansen Law as legal advisor in the transaction.
About Monterro
Monterro is the leading B2B software growth investor in the Nordics, with a mission to turn Nordic software companies into market leaders and global players. Our team has successfully developed and led companies such as Pointsec, Episerver, Orc Software, and Lime – and we bring this operational experience to the Monterro portfolio companies, supporting them in all aspects of growth. We also bring significant financial commitment. With an average 25% of the fund’s capital from Monterro’s founders and employees, our interests align with both entrepreneurs and investors. Monterro has offices in Stockholm, Oslo, Munich, and Scandinavian Software Park in Hanoi, Vietnam. monterro.com
About Matilda FoodTech
Matilda FoodTech empowers the sustainable foodservice industry by offering a platform that delivers a data-driven approach that automates, streamlines and improves all food service operations in the Nordics, from procurement to waste management. The solution improves outcomes for patients, students, the elderly and consumers in general. The Matilda platform also helps its customers to achieve the Sustainability Development Goals 12, 13, 14 and 15. matildafoodtech.com
About Stena Sessan
The investment company Stena Sessan is part of the Stena Sphere and owned by the Olsson family. Through collaboration with co-owners, management teams and organisations, we help to develop businesses that can address the needs and challenges that the future holds. Our investment strategy is built on flexibility and a long-term investment horizon. The investment in Matilda FoodTech is part of Stena Sessan’s strategy of investing in a diversified portfolio of companies that have the potential to develop and grow for generations to come. stenasessan.se/en
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Monterro is the leading B2B software growth investor in the Nordics, with a mission to turn Nordic software companies into market leaders and global players. Our team has successfully developed and led companies such as Pointsec, Episerver, Orc Software, and Lime – and we bring this operational experience to the Monterro portfolio companies, supporting them in all aspects of growth. We also bring significant financial commitment. With an average 25% of the fund’s capital from Monterro’s founders and employees, our interests align with both entrepreneurs and investors. Monterro has offices in Stockholm, Oslo, Munich, and Scandinavian Software Park in Hanoi, Vietnam.
