MyKid sold to Hawk Infinity

PROJECT MANAGER

Christian Klingsholm Krauss

MANDATE

Sellside

SECTOR

Technology
SaaS & Software

Stratema has advised Intutor Group on the sale of a majority stake in MyKid to the investment company Hawk Infinity.

PROJECT MANAGER

Christian Klingsholm Krauss

MANDATE

Sellside

SECTOR

Technology
SaaS & Software

The agreement marks a new chapter for MyKid, who, together with Hawk Infinity, will explore new growth opportunities within the planning and communication solutions for preschools and early childhood development sector.

MyKid has established itself as a leading provider of innovative software solutions for the preschool sector in Norway. The company’s platform offers smart and user-friendly solutions for communication between staff and parents, as well as for planning and administration in preschools. MyKid has showcased impressiv growth in both revenue and profitability over time.

Hawk Infinity , a recognised player in investing in industry-specific software companies, has strategically positioned itself through this acquisition to accelerate the growth and development of MyKid. Intutor Group will continue as minority shareholders in MyKid and be an integral part of the company’s future strategic direction. Together with Hawk Infinity, they will work to achieve the company’s vision of elevating the business to the next level and continue to develop innovative software for the preschool and early childhood sector.

In addition to the sale of shares in MyKid, the transaction encompasses the carve-out of employees and contracts from Intutor Group, which will be seamlessly transitioned MyKid. This comprehensive approach ensures a smooth transaction process, maintaining continuity for both employees and customers. Moreover, it lays a solid foundation for a stronger and more focused organization moving forward.

As experts in transactions within the vertical software industry, Stratema has placed great emphasis on identifying a compatible partner with the right values and resources to establish a strong foundation for the further growth of MyKid.

Christian Klingsholm Krauss, Associate Director, Stratema.

Intutor Group is led by Bjarte Århus and Terje Gløersen, who together have built several successful software companies, including MyKid AS, Teoritentamen AS (now Lime Green Digital AS), TrafikkSkolePortalen, Bona Mea AS and Kura AS.

Stratema is grateful for the trust Intutor Group has placed in us throughout this process. We look forward to seeing MyKid and Hawk Infinity thrive together in an exciting and growing market

Team

You are most welcome to contact us for further information

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