Setterwalls has assisted in connection with the acquisition of Hitta.se

Setterwalls has, together with Borenius Attorneys Ltd, assisted the finish private equity company Sponsor Capital and its portfolio company Fonecta in connection with Fonecta’s acquisition of Hitta.se (Hittapunktse AB).

Hitta.se is Sweden’s leading digital search service that provides information about people, companies, places and maps. The platform has more than 4 million users per week and over 24,000 business customers. Hitta.se’s revenue in 2023 was approximately SEK 240 million.

Fonecta is the market leader in Finland in digital services and marketing services for small and medium-sized enterprises. The Fonecta group has been established in 2002, and its revenue in 2023 was approximately EUR 70 million.

Sponsor Capital is a Finnish private equity firm that invests in small- and medium-sized Finnish companies. Since the company’s establishment, Sponsor Capital’s funds have invested almost EUR 800 million in altogether 42 Finnish companies. Sponsor Capital currently actively manages private equity funds worth a total of approximately EUR 400 million.