LINK MOBILITY acquired by ABRY PARTNERS

In a landmark European tech transaction, Abry Partners, via its vehicle Victory Partners VIII Norway AS, has launched a recommended voluntary cash offer to acquire the entire issued share capital of LINK Mobility Group ASA. The transaction is structured as a public-to-private (P2P) takeover, with the board of directors of LINK Mobility providing a unanimous recommendation in favor of the deal. Notably, the transaction includes a substantial management roll-over, where key executive investors are reinvesting a portion of their holdings (representing 14.7% of the company) into the new holding structure. This alignment of interests, combined with pre-acceptances from institutional shareholders, secured approximately 54% of the share capital at the announcement date. This leveraged buyout is designed to provide LINK Mobility with the private capital and operational flexibility required to pursue a grander global scale. For Abry Partners, this acquisition serves as a strategic entry point into the European CPaaS market, providing a platform for further regional consolidation. The deal highlights the ongoing trend of US-based private equity firms seeking "alpha" in the European mid-market technology sector by targeting high-growth, mission-critical software platforms.

This platform was built through multiple acquisitions, including Sms Italia (2018) and Teracomm (2018), illustrating an active consolidation strategy.