Verium expands the shareholder base of Toradex with institutional and private investors led by Headway Capital Partners and Kline Hill Partners
Toradex is a leading and globally active provider of modular computing platforms and related Software as a Service (SaaS) solutions for application in medical and diagnostics, testing and measurement and other areas. The company is headquartered in Switzerland.
The company develops industrial-grade system on modules (SoMs) – standardized, small form-factor, ready-to-use computing solutions consisting of application agnostic hardware and software. Toradex’s SoM are used by more than 3,000 global blue-chip customers seeking high-quality solutions. Leveraging this vast customer base, Toradex has developed and commercialized its SaaS solution, Torizon, a subscription-based industrial software platform which simplifies the development and operation of industrial Internet of Things devices.
Toradex was acquired by Verium in 2016 and has since developed exceptionally well. Key drivers behind the impressive commercial trajectory were a strong product roadmap, volume gains and customer wins as well as the successful development and commercialization of Torizon, which complements the business model with highly scalable and recurring SaaS revenues. The company has further benefited from strong underlying mega trends such as the strongly increasing global deployment of connected devices as well as related cybersecurity threats.
In the context of broadening the company’s shareholder base, Toradex has been sold to the newly established, multi-asset continuation fund, Verium I SCSp, together with Mobil-in-Time. The fund was capitalized by investors led by Headway Capital Partners and Kline Hill Partners and was further supported by funds managed by UBS Asset Management as well as private investors, who all invested alongside Verium. The continuation fund allows Toradex to continue its current growth trajectory together with Verium. Lincoln International advised Verium and Toradex.
Øyvind Bjordal, Managing Director and Head of Lincoln Switzerland, commented, “We are delighted to have successfully advised Toradex in the expansion of its shareholder base. Having supported Toradex already in its sale to Verium in 2016, we are very proud to have been able to work with Toradex, its founders and with Verium again. We look forward to closely following the continued success story of Toradex over the coming years.”
Verium is an independent multi-family office in Zurich that provides a wide range of services, specifically tailored to families with an entrepreneurial mindset. The company’s goal is to secure and increase family wealth over the long term. Verium identifies and selects promising entrepreneurial equity investments in unlisted companies, structures the transactions and actively represents the client interests on the boards of the portfolio companies. To date, the team has invested in 14 platform deals and more than 50 add-on acquisitions, deploying more than CHF 280 million in its direct investment strategy.
As a trusted adviser of Toradex and Verium, Lincoln was instrumental in securing a highly successful transaction for Toradex and its management, providing the basis for continued strong growth of Toradex over the next years.
Meet our Senior Team
I enjoy leading clients and realizing their objectives, while structuring solutions to issues that are both intriguing and challenging.
Managing Director | Head of SwitzerlandZurich
View More Transactions in Technology, Media & Telecom
Lincoln International advised toob in raising £300m of capital to support its network expansion
Lincoln International advised ECA International in its investment from Pelican Capital
Lincoln International advised Orienta Capital Partners in the acquisition of Contrader
Lincoln International advised Groupe Berto on the sale of Simpliciti to Omnes
Lincoln International advised Turn/River Capital on the sale of Trakstar to Mitratech, a portfolio company of Ontario Teachers' Pension Plan
Lincoln International advised SMP in its sale to Eraneos, a portfolio company of Deutsche Private Equity
Lincoln International advised Ericom Software, a leading provider of Zero Trust Cloud Security Solutions, on its sale to Cradlepoint, a U.S. subsidiary of Ericsson
Lincoln International advised Ardian in its acquisition of a stake in Mimacom Flowable Group from private shareholders and management
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.