Trivec Group

In 2016, Verdane Capital VIII acquired shares in Trivec, a fast-growing and profitable pan-European player in the restaurant point-of-sales (POS) industry.

At the time of investment, Trivec was a market leader in the restaurant POS space, with an estimated market share of 10% in Sweden. The company had a stable cash flow, with underlying margin and recurring revenues, with strong potential for growth.

Within the first year of ownership, Verdane pursued an M&A opportunity identified during the assessment of the company, and subsequently merged Trivec with the POS software supplier, ETC, forming the Trivec Group. Verdane also carried out an in-depth management assessment and organisational development plan, strengthening the team through the recruitment of a CFO from Verdane’s network and introducing a new business model to further increase the portion of recurring revenue.

By the end of 2016, Verdane had transformed the company from a software reseller to a software pusher with more than 1500 references in the Scandinavian market. Trivec is still part of Verdane Capital VIII’s portfolio.