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Consilium Chartered Accountants has provided financial due diligence services to Smedvig Capital as they invest in the Swedish tech business, Minut AB.
Based in Malmo, Minut provides remote monitoring software and hardware for rental properties and holiday homes. The $5m (£3.9m) investment by Smedvig is the latest in a series of recent investments into fast-growing technology businesses.
Smedvig Capital invests in growing businesses in the UK, Netherlands and Nordic regions. To date, the company has invested $1.5bn (£1.1bn) via private equity funds and direct funding of $565m (£449m).
Discussing Consilium’s role in the deal, Smedvig’s Freddie Kalfayan said: “It was great to have Consilium’s support on the transaction. Consilium worked well with both us and the Minut team and their output was high quality as always. We are looking forward to working with David Holt, Colin McCrann and the rest of the team going forward.”
Consilium corporate finance partner David Holt said: “Smedvig have a great passion for supporting fast-growing businesses and we share their desire to see these businesses unlock their potential. It was, as always, a pleasure to work with Freddie on this deal and to continue our professional relationship. Helping our clients achieve their goals is what we are all about.
“This deal is a great way to round off 2023 and our tenth year of business. We look forward to working with Smedvig again next year.”
Holt concluded: “It is a pleasure to support businesses and investors like JWF and Nevis, helping them to achieve their collective goals. Despite the difficult economic backdrop, successful Scottish businesses continue to thrive and secure the investment required to support future growth.”
