Mergers and Acquistions News
Categories: Media & Information Services
November 4th 2008, 15:51PM
Riverside has made a further acquisition with the confirmation it has taken over Hallvarsson and Halvarsson (H&H).
The deal for the Swedish corporate communications and web services firm is Riverside's 29th takeover of the year.
Riverside partner Kai Koppen, praised H&H for its ability to build relationships with clients.
He said: "Its retention rate speaks to the firm's exceptional service and highly effective management team, which helps explain its consistent pattern of growth."
The firm's good investor relations should also be a benefit in the current economic downturn, Mr Koppen added.
Financial details of the deal have not been disclosed, although it did include equity from the Riverside Europe Fund III.
According to the fund it invests in companies valued up to $150 million (£94 million).
Meanwhile, David Fitzgerald, managing director European Technology Partners believes that the smaller end of the market will continue to see a large volume of mergers and acquisitions in coming months.
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