- Sector: Communication & Internet Infrastructure
- Deal Type: Strategic Deals
- Engagement type: Sellside
- Size: <$200m
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.