The private equity fund Polaris has acquired a majority stake in the IT consultancy services company 7N.
7N offers a highly specialised portfolio of IT services and solutions. 7N’s expertise spans across nine core industries (energy, finance, health, insurance, life science, logistics, manufacturing, public and telecommunications & technology) providing digital transformation across all phases of the IT project life cycle.
7N has delivered a compound annual growth rate of more than 10% over a ten-year period and reported revenue of DKK 1.5bn and operating profit of DKK 80m in 2023.
7N is headquartered in Copenhagen, Denmark, with a global reach and local presence across seven countries, the core markets being Denmark and Poland. The company has more than 1,700 consultants across more than 20 countries and access to a global pool of more than 7,300 vetted and tested consultants.
Polaris invests in well-established medium-sized companies in the Nordic countries and has, to date, invested in more than 50 companies and made more than 100 add-on investments in portfolio companies. Polaris owns 15 companies with total revenue of approximately DKK 6.5bn and more than 5,000 employees.
Accura advised Polaris in connection with the transaction.