Stockholm, July 7, 2021- Software investor Main Capital backs Björn Lundén. Björn Lundén is one of the leading players offering financial software for SME and accountancy customers in the Swedish market. With a team of 120 employees headquartered in Hudiksvall, Sweden, the company serves over 30.000 customers with a comprehensive portfolio of solutions. Main Capital will acquire a majority stake in Björn Lundén.
Building on its heritage as accountancy and bookkeeping publisher and course provider, Björn Lundén shifted towards delivering modern software solutions in the early 2000’s. This in-depth heritage of knowledge combined with a suite of modern cloud solutions creates a unique value proposition for accountancy firms and SME’s in the Swedish market. Björn Lundén’s products provide customers with intuitive solutions in accounting, billing, reporting, consolidation, payrolling, legal and tax administration to optimize workflows, provide actionable insight and follow latest regulations.
With the support of Main Capital, Björn Lundén will initially focus on further strengthening its market position in Sweden through a combination of organic growth and a buy-and-build strategy, focused on acquiring complementary solutions to provide additional value for its customers. Main Capital has significant experience in the financial software market through successful investments in companies such as KING Software, Cleversoft and Onguard.
Charly Zwemstra (Managing Partner Main Capital Partners): “Björn Lundén is a strong household name for accountancy software in Sweden and has been very successful in its transformation towards becoming a modern SaaS vendor. We see good opportunity to leverage Main’s previous experience in this market and together with the management team we will focus on building out Björn Lundén’s already strong market position, through further product development and a selective buy-and-build strategy.”
Ulf Svensson (CEO Björn Lundén): “We are ready to begin the next chapter in our journey and doing so while maintaining our independence, in an increasingly consolidating industry, is particularly exciting. With our strong proposal including both software and content and organic growth we now add Main´s successful “Buy and build”-strategy. This will enable us to compete for the top positions of our industry.”
About Björn Lundén
Björn Lundén founded in 1987, provides accounting and financial software solutions targeted at accountancies and SMEs. From its office in Hudiksvall, the company serves over 30.000 companies in the Swedish market. The company has developed a comprehensive portfolio of solutions and tools for administration, finance, accounting, tax, legal and personnel administration and in addition offers knowledge tools, books and courses in the aforementioned areas.
About Main Capital
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long-term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies. Within the software sector, Main is the most specialized player in management buyouts and later-stage growth capital for acquisitions. An experienced team of professionals manages these strategic investment funds from offices in The Hague, Düsseldorf and Stockholm.
Main Capital’s current portfolio includes fast growing software and SaaS-software companies such as SIVIS (DACH, SAP), Paragin (NL, Learning software), FOCONIS (DACH, financial services software), Relyon (NL, fieldservice management), Perbility (DACH, HR software), Pointsharp (SE, Security Software) MACH AG (DACH, government software), Textkernel (NL, HR software), Exxellence (NL, government software), WoodWing (NL, ECM/DAM software), Alfa (SE, healthcare/government software), Optimizers (NL, SCM software), Assessio (SE, HR software), GBTEC (DACH, BPM/GRC software), Onventis (DACH, procurement software), HYPE Innovation (DACH, innovation management software), cleversoft (DACH, RegTech), Enovation (NL, healthcare software), SDB Group (NL, healthcare HR software), Jobrouter (DACH, BPM/WFM software), GOconnectIT (NL, GIS/FSM software), Inergy (NL, BI software), KING Software (NL, ERP/accounting software), Artegic (DACH, marketing software), OBI4wan (NL, social media monitoring software), b + m Informatik (DACH financial services software) and ChainPoint (NL, SCM software).
Successful former companies that grew significantly under Main’s leadership include RVC (NL, healthcare software), Connexys (HR software), Roxit (NL, government software), Axxerion (NL, facilities management software), Ymor (NL, APM software), Onguard (NL, credit management software), Sofon (NL, CRM/CPQ software) and TPSC (NL, healthcare GRC software).
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