Stockholm/London, 23 December 2024. CORDET Capital Partners (“CORDET”) is pleased to announce its most recent investment, providing senior secured debt facilities to support MTIP in acquiring a majority stake in the Norwegian firm Dossier Solutions (“Dossier”), a leading healthcare competency management SaaS provider. The founder and CEO of Dossier, Geir Arnhoff, as well as other key management team members will reinvest alongside MTIP and their co-investment partner, Peakstone.
Founded in 2000 and based in Oslo, Norway, Dossier transforms how hospitals manage staff competencies, replacing outdated methods with a streamlined software platform. The company holds a dominant market position in Norway and has successfully entered the US market, securing major healthcare customers. With over 90% of the US market still untapped, Dossier is poised for substantial growth and plans to expand into new markets like Germany and Singapore. With two decades of experience in competency management, Dossier’s strong leadership team, led by Founder and CEO Geir Arnhoff, is well-positioned to accelerate the global adoption of digital competency management in healthcare.
MTIP is a leading Swiss-based growth equity and buyout firm specialising in investments in European healthcare software companies. Their strategy focuses on partnering with high-growth, profitable businesses and visionary management teams. Leveraging their deep sector expertise to support in scaling successful healthcare software companies to achieve their full potential. The acquisition marks the 10th platform investment of MTIP Fund II, and aims to accelerate Dossier’s US market growth, expand its geographic reach, and enhance the Dossier technology platform. MTIP completed the buyout in partnership with Peakstone, a specialist investor in growth-stage B2B software and technology companies.
The investment in Dossier is closely aligned with CORDET’s investment strategy, benefitting from structural market tailwinds, contracted and recurring revenue streams and a niche market leading position, with a highly impressive customer base and an exceptionally low churn rate.
Since its launch in 2013, CORDET has maintained a clear focus on Northern Europe’s alternative credit market. CORDET provides bespoke financing solutions for lower mid-market companies in Northern Europe. Headquartered in London with offices in Stockholm and Luxembourg, CORDET acts as a supportive partner to the companies in which it invests, to ensure that they are optimally positioned to succeed. It makes a select number of investments each year, taking the time to thoroughly vet prospects and establish longstanding relationships with all stakeholders. CORDET has assembled an experienced team of finance, risk and investment specialists to collaborate with investors and company executives to nurture mutual growth. For more information see www.cordet.com.