Monterro new principal owner of Tradedoubler – Acquiring 18.1 percent from SEB, Alecta and AP4

Through holding company Monterro 1A AB, Monterro is becoming the largest shareholder in Nasdaq OMX-listed Tradedoubler by acquiring 18.1 percent of the company’s shares.

The sellers are SEB Investment Management, Alecta and the Fourth Swedish National Pension Fund (AP4), who are divesting half of their respective holdings – totalling 7.8 million shares.

Monterro focuses on investment in Nordic software based companies by providing funding and actively supporting development within the companies in which they invest. Monterro’s three managing partners – Thomas Bill, Lars Sveder and Peter Larsson – have over 20 years’ experience in developing technology and software based businesses.

“We are proud that the three largest institutional shareholders have trusted us to come in as the new principal owner of Tradedoubler. Together with the management team and the other shareholders, our ambition is to continue developing Tradedoubler so that it matches earlier performance in terms of growth figures and profitability,” explains Peter Larsson, managing partner at Monterro and adds: “The current management team has done a great job of turning around Tradedoubler’s business. The company has a stable core business, as well as a leading technical platform and position in the European market for affiliate and performance based marketing. We see considerable potential to strengthen that position and take the company into its next phase of development.”

“We see Monterro’s stake in Tradedoubler as a highly positive move. Monterro is extremely well placed to actively support the company’s development, which is now increasingly focusing on growth,” states Bo Selling, head of equities at Alecta.