Neonet

February 2013

BUYER

KAS BANK N.V. is an independent European specialist in securities services and risk control as well as reporting services for professional clients in the pensions and securities industry. KAS Bank has operating revenue of €115 million. Hay Tor Capital is a specialist financial services investor established in 2011.

TARGET

Neonet offers fully managed execution services aiming to reduce costs for trading. Neonet enable banks and brokers to focus on key trading decisions and to create customer value, eliminating the need to invest in and manage a complex technology infrastructure. Neonet has revenue of SEK 70 million.

SELLER

Nordic Capital is a Swedish Private Equity investor managing funds of over € 11 bn. Neonet was part of Orc Software which Nordic Capital acquired in 2012.

TRANSACTION

A structured auction process directed towards key industrial buyers.