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Infobric and Stirling Square Welcome KKR as New Investor

1. KKR invests in Infobric, enhancing its construction software solutions. 2. Infobric supports numerous contractors and users across the Nordics and UK. 3. KKR's investment aids Infobric's growth via innovation and geographical expansion. 4. This marks KKR's first investment in the Nordics through its Global Impact Fund II. 5. Strategic partnership aims to improve compliance and safety in construction.

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FAQ

Why Bullish?

KKR's investment in a growth-focused tech company aligns with market demand for innovation in construction. Historical investments in tech by KKR have led to substantial gains, suggesting potential upward price movement for KKR shares.

How important is it?

The strategic investment in a growing technology firm reflects KKR's commitment to innovative sectors, improving long-term growth prospects. Such investments can catalyze KKR’s portfolio expansion and increase overall market valuation.

Why Long Term?

The investment's effects will evolve as Infobric scales operations and innovates. Previous KKR investments typically see significant returns over several quarters or years as technology integration matures.

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Investment supports the acceleration of Infobric's growth in construction software solutions

Stirling Square Capital Partners ("Stirling Square"), a pan-European private equity firm, and KKR, a leading global investment firm, today announce that KKR is making a growth investment into Infobric (the "Company"), a leader in software solutions for the construction industry. KKR will become a significant shareholder alongside majority investor Stirling Square and Infobric's management. The new investment and support from Stirling Square and KKR will enable Infobric's further growth through continued product innovation, geographic expansion and strategic M&A.

Infobric is a leading construction software company, supporting over 12,000 general contractors, 75,000 subcontractors and 450,000 app users in the Nordics and the UK. Infobric has a strong track record of developing mission-critical software solutions for the construction industry with significant impact on compliance, transparency, sustainability and health & safety outcomes. The Company serves stakeholders in the construction ecosystem with innovative solutions for workforce management as well as equipment and assets control.

Henrik Lif, Managing Partner at Stirling Square, said: "We are thrilled to welcome an investor of KKR's calibre at an incredibly exciting time for the business. Their team shares our ambition for Infobric and brings extensive expertise investing in the sector and a phenomenal international platform that will help us accelerate our growth strategy, both organically and through M&A."

Rami Bibi, Managing Director and Head of KKR's Global Impact team in EMEA, said: "Infobric has built a leading platform that delivers improved productivity for its customers and a safer environment for construction workers. We are delighted to establish a strategic partnership with Stirling Square and Infobric's management to support the company's next chapter of growth, leveraging our global platform and expertise in scaling technology businesses to help Infobric realise its potential."

Dan Friberg, Group CEO at Infobric, added: "We are delighted to welcome KKR as an investor. They support our mission and values, and will bring a complementary perspective and expertise, informed by decades of growing world class enterprises. Infobric remains passionate about our mission to make construction sites safer, more transparent, and more sustainable for everyone and are relentlessly focused on delivering our strategy, investing in innovation and expanding internationally to deliver even greater value to our customers. I would like to thank Summa Equity for their partnership over the years."

Since Stirling Square acquired a majority stake in 2023, Infobric has experienced strong growth in its innovative core digital solutions. Stirling Square has a proven track record of investing in the global construction technology sector demonstrated by its successful investment in Hubexo, and the company's expansion from a Nordic market leader to a global market intelligence and sales enablement software platform present in 22 countries. Stirling Square brings extensive experience investing in the Nordics, with its current portfolio including Hubexo, Logent, Assist24 and SAR.

KKR is making the investment primarily through its Global Impact Fund II, which focuses on investing in companies whose core products and services help deliver commercial solutions to societal challenges and which contribute measurable progress toward the UN Sustainable Development Goals ("SDGs"). Infobric's solutions help to improve working conditions at construction sites, with customers reporting measurable improvements in worker safety outcomes and suppliers' adherence to labor laws, thereby contributing to UN Sustainable Development Goal 8 (Decent Work and Economic Growth). The investment is KKR Global Impact's first investment in the Nordics and builds on the firm's recent investments in leading Swedish companies Etraveli and Karo Healthcare. KKR has a long track record of investing in technology-enabled services businesses across Europe and globally, bringing extensive experience, access to capital, operational expertise and a global platform.

As part of the transaction, which is subject to customary closing conditions, Summa Equity will exit its minority investment in Infobric. Financial terms are not being disclosed. Goodwin Procter LLP and Vinge AB acted as legal advisors. Arma Partners served as financial advisor to KKR and Kirkland & Ellis and Roschier served as legal advisors.

About Infobric

Infobric Group is a leading digitalisation partner for the construction industry in the Nordics and the UK. We are on a mission to digitalise the construction industry – with a clear focus on making it more productive, safer, and more sustainable. Since 2023, Stirling Square Capital Partners is the majority owner of Infobric. Learn more on www.infobric.com.

About Stirling Square Capital Partners

Stirling Square Capital Partners was founded in 2002 as a pan-European private equity firm specialized in internationalizing and digitizing mid-market businesses with an enterprise value between EUR 100m and EUR 500m. The firm manages over EUR 3bn on behalf of a global and diverse investor base. Since inception, Stirling Square has invested in 30+ platform companies and 100+ add-on acquisitions globally, helping to create regional and global champions. For more information, visit www.stirlingsquare.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.

Infobric

Caroline Rudbeck

Caroline.Rudbeck@infobric.com

KKR

UK

Alastair Elwen / Oli Sherwood

KKR-LON@fgsglobal.com

Sweden

Peter Lindell

plindell@brunswickgroup.com

Stirling Square

Chris Sibbald

StirlingSquare-LON@fgsglobal.com

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