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2014-06-17

EQT Holdings AB: EQT Mid Market to acquire TIA Technology A/S

· EQT Mid Market to acquire TIA Technology A/S, the leading supplier
of standard software systems for the insurance industry in Europe

· Strategy is to support TIA Technology's continued growth by
investing in people and development of an even stronger core system
and extended solutions offering

· Vagn Sørensen (former Chairman of Codan/Trygg-Hansa and KMD and
Chairman of Automic) and Simon Lee (former Group Chief Executive of
RSA Insurance) will join the Board of Directors

The EQT Mid Market Fund ("EQT Mid Market") has agreed to acquire TIA
Technology A/S ("TIA" or "the Company") from DKA Capital, a Danish
private equity fund, and the founders. The management team of TIA
will co-invest and partner with EQT Mid Market to continue the growth
and development of the Company.

TIA offers the industry's most flexible and comprehensive integrated
suite of core insurance applications for Property & Casualty ("P&C")
and composite insurers. The Company has more than 60 customers and
100,000 daily users in 40 countries, and offers a proven solution
which helps insurers across the globe to get closer to their
customers through operational excellence, superior sales and service
and product leadership. The TIA Solution is well-tested and
internationally scalable with zero failed implementation projects.

More than 75% of the European P&C insurance companies currently run on
legacy systems and there is a continued migration trend towards
standardized systems in order to enhance efficiency, competitiveness
and to comply with increasing customer demands and regulations. TIA
will play an important role in this transformation and continue to
grow its international footprint.

"With EQT Mid Market as a new owner, we will continue our successful
delivery model and ambitious product strategy while ramping up on
execution to become an even more prominent player in the insurance
software sector in EMEA," says Liselotte Munk, CEO of TIA. Liselotte
Munk continues: "Our clients can rest assured that we will continue
to deliver the most future-proof solution on the market today and
tomorrow to propel their business forward."

"We believe that the insurance industry has an increasing need of high
quality core system solutions to support and optimize the value
proposition towards customers. TIA is well-reputed in the industry
for having developed a software solution that is among the very best.
We look forward to supporting the Company and working together with
management to further develop TIA," says Vagn Sørensen, Industrial
Advisor to EQT Mid Market.

"We are impressed with the management team and what they have achieved
with TIA over the past years and we are captivated by the quality of
the software and services. EQT, with its network and industrial
approach, is well suited to support TIA in realizing its full
potential," says Jannik Kruse Petersen, Partner at EQT Partners,
Investment Advisor to EQT Mid Market.

The parties have agreed not to disclose the transaction value. The
transaction is expected to be completed on June 30, 2014.

Contacts:
Jannik Kruse Petersen, Partner at EQT Partners, Investment Advisor to
EQT Mid Market,

+45 33 18 12 49
Johan Hähnel, EQT Mid Market Spokesperson,
+46 706 05 63 34

About EQT
EQT is the leading private equity group in Northern Europe, with
portfolio companies in Northern and Eastern Europe, Asia and the US
with total sales of more than EUR 25 billion and over 500,000
employees. EQT works with portfolio companies to achieve sustainable
growth, operational excellence and market leadership.

More information can be found on www.eqt.se

About TIA Technology A/S
TIA Technology offers the industry's most flexible and comprehensive
integrated suite of core insurance applications for property/casualty
and composite insurers. A proven solution with more than 60 customers
and 100,000 daily users in 40 countries, TIA helps insurers across
the globe to get closer to customers through operational excellence,
superior sales and service and exceptional product leadership.

For further information please visit www.tiatechnology.com

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http://news.cision.com/eqt-holdings-ab/r/eqt-mid-market-to-acquire-tia-t...
http://mb.cision.com/Main/87/9603240/257544.pdf

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