Norvestor acquires Globeteam from Kirk Kapital

Norvestor VIII, a fund managed by the Nordic private equity firm Norvestor, is the new majority shareholder of the IT consultancy firm Globeteam. The fund has acquired the majority position from Kirk Kapital and co-founder Claus Moldow. Both Kirk Kapital and Claus Moldow continue as shareholders with 25 pct. and approximately 10 pct. of the shareholding in the company.

“Globeteam has a unique business model and is capable of delivering one of the market’s best IT-services. Furthermore, the company has had an impressive growth and financial development throughout the years.”

Claus Moldow, who continues as shareholder and CEO: “We have had an exemplary dialogue with Norvestor who are thoroughly acquainted with Globeteam’s special DNA.”

Kim Gulstad, CEO of Kirk Kapital: “We have been very pleased with our partnership with Globeteam and the collaboration with Claus Moldow.”

The transaction is subject to customary regulatory approvals. Neither party wishes to disclose the transacted share price.

About Globeteam

Globeteam is a highly specialized consulting firm that helps optimizing IT- and business potentials based on digitalizing, deep technical specialization, and a solid business understanding.

About Norvestor

Norvestor is a leading private equity-firm with focus on the North, with offices in Oslo, Stockholm, Helsinki, Copenhagen, and Luxembourg. The investment team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics.