Prime Highlights-
- Verdane acquires stakes in four Trifork Labs businesses, aiming to help them scale with its operational expertise.
- Verdane takes a direct stake in cybersecurity firm XCI as part of its broader Trifork Group deal.
Key Facts-
- Verdane partners with Axoniq, Dawn Health, Frameo, and XCI.
- Trifork Labs portfolio nets EUR 44 million since 2021 listing.
Background-
Verdane, the European growth buyout investment firm, has acquired a portfolio of ownership stakes in four technology businesses from Trifork Labs, the venture-financed research and development division of Trifork Group.
The deal brings Verdane into partnership with Axoniq, a pioneer in event-sourcing architecture, Dawn Health, a patient-centric digital health business, and Frameo, the largest software provider for WiFi photo frames worldwide. These three partnerships will run through a joint ownership structure alongside Trifork Group.
Verdane separately took a direct ownership stake in XCI, a cybersecurity company that delivers communication intelligence solutions. The firm will work with each company’s management team, backing them with in-house operational advisors across go-to-market strategy, data, finance and talent as the businesses scale, drawing on more than 20 years of experience and over 50 prior portfolio deals through its flexible Freya funds.
Emanuel Johnsson, a partner at Verdane, said Trifork’s record of building early-stage tech companies fits well with Verdane’s focus on businesses with proven global potential. He said Verdane aims to help Axoniq, Dawn Health, Frameo and XCI scale further, and may raise its stakes over time.
Trifork Group founder and chief executive Jorn Larsen called the deal a strong outcome for the company, citing steady unrealized gains across its Labs portfolio over the years. He said the transaction lets Trifork realize some of that value while keeping long-term upside, with proceeds supporting its core business and shareholders.
Since its 2021 listing, the Labs portfolio has generated EUR 44 million in net cash proceeds after costs, and EUR 114 million in profit over the past decade from modest invested capital.
Trifork trades on Nasdaq Copenhagen and employs 1,102 people across 16 countries. Verdane has raised EUR 10 billion in capital and made more than 200 investments since 2003.
