Investment focus

Focus on mature technology companies
GRO Capital focus on investments in mature technology sectors, with a preference for B2B software companies with scalable business models that have reached profitability and have a strong growth track. This focused approach allow the investment team to make use of their substantial technology domain expertise to new and existing investments.

Where we operate

We target growth companies in Northern Europe
GRO Capital assist proven technology companies with strong growth prospects achieving their growth ambitions. GRO Capital can invest across Northern Europe.

What we do

We provide business development expertise in a technology context
GRO Capital applies a value creation toolbox,developed over more than 20 years with investments in the technology sector. Apart from our private equity tools, we have the following additional focus areas:

Expansion

Significantly expanding the sales & marketing organisation

Product road map

Driving a structured product development & innovation strategy

People

Assisting in strengthening management teams and broadening the leadership bench

Capital and ownership

We are focused on partnering with the best companies and are ownership agnostic
GRO Capital typically deploy between EUR10m and EUR 30m equity per investment acquiring both majority and minority stakes. This typically imply relevant EV ranges between EUR 20m to EUR 200m. Typically minority investments consist of both an acquisition of old shares from existing shareholders and a capital increase in the company allowing for acceleration of growth.

TEAM

Partners

Lars Dybkjær

Managing Partner

Morten Weicher

Partner

Lars Lunde

Partner

Investment professionals and staff

Jesper Bo Jensen

Associate

Anders Brejner

Associate

Krista Hein Lindahl

Personal assistant

PORTFOLIO

In February 2017, GRO Capital acquired all shares in TARGIT A/S, an international Business Intelligence Software company targeting SME’s. At the core of the product’s value proposition is to help customers to become more data driven by revealing actionable insights to make better and faster decisions.
In September 2016, GRO Capital became shareholder in Boyum IT Solutions in connection with its acquisition of the Swiss company beas group. Boyum IT Solutions is a Software Solutions Provider (SSP), delivering proprietary add-on solutions to SAP Business One applicable across all industries.
In July 2016, GRO Capital became main shareholder in Auditdata, a global independent provider of audiology solutions. Products offered includes software and hardware based diagnostic instruments and clinic management solutions for hospitals, hearing care clinics and private practices.
In July 2015, GRO Capital and Goldman Sachs acquired the Danish company Trackunit. Specializing in off-highway telematics, Trackunit is a leading supplier of fleet management solutions to a wide range of industries around the world.
In June 2015, GRO Capital obtained a minority shareholding in Trifork, a fast growing software innovation company founded in 1996.