Stirling Square Capital Partners has bought construction tech company Infobric from Summa Equity in £250 million deal

Stirling Square Capital Partners has acquired construction tech company Infobric from Summa Equity in a deal that values the company at more than £250 million (according to Private Equity News).

Summa Equity acquired Swedish firm in 2018 - it will re-invest alongside Stirling Square, and Infobric’s management team, as a minority investor.

“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,” says Gisle Glück Evensen, Partner at Summa Equity. 

Infobric has a suite of SaaS solutions to digitise the construction sector and operates in the Nordics and the UK. Stirling Square will push the company into new markets and invest in new products and services. 

“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,” says Henrik Lif, Partner at Stirling Square. 

“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,” says Dan Friberg, President and CEO at Infobric.