Armada Mezzanine Fund IV has provided financing in support of an add-on acquisition made by Cordel Norden AS (“Cordel” or the “Company”), a portfolio company of Valedo Partners III AB (“Valedo” or the “Sponsor”). Cordel is a leading provider of ERP systems to the Nordic craftsmanship market.

“It is a great opportunity for us to support Cordel, which has a leading position in an attractive and growing market. We are pleased to cooperate with Valedo and a strong management team which we believe will continue to successfully build the Company and realize the growth strategy”, says Jan Wiklund, joint Managing Partner of Armada.

For more information, please contact:
Jan Wiklund tel. +46 70 551 4054 at Armada, Stockholm branch.