Livingstone advises FiDo Consulting on the merger with Midagon

Livingstone has advised the founders and owners of FiDo Consulting AB (FiDo) on its merger with Midagon, a portfolio company of the Finnish private equity firm Intera Partners. For FiDo, the merger provides additional strength for continued growth in the financial sector and gives access to a wider range of expertise that further enhances the offering towards its customers.

FiDo, founded in 2017, is a leading consulting firm in the financial sector, offering senior expertise and specialized services in business and operational development. The company has grown into a well-renowned premium brand, with a customer portfolio comprising many of the major banks and insurance companies in the Nordics.

”The financial services sector is an important growth market for Midagon, with unique challenges when it comes to business development and IT. FiDo has built a strong competence and extensive experience in banking and insurance, and I am very happy that we can now include that competence and experience in Midagon and continue our journey together,” says Kristian Franzén, Managing Director at Midagon Sweden.

Following the merger, the new group will have approximately 40 consultants at the Stockholm office and a total workforce exceeding 200 people across its Sweden and Finland offices.

”We are very proud to have built FiDo to what it is today, and after seven years we now felt it was time for us to take the next step in the development of the company. We believe we have even more to give as part of a larger organization. Midagon is very similar to us in many ways, with its independence, high level of competence, and values , so we are really looking forward to exploring the future as part of Midagon,” says Mia Söderlund, Co-owner at FiDo.

Midagon was founded in 2006 and has since grown to become a prominent entity in business and IT transformation. Today, Midagon is focused on becoming the leading consultancy firm in the Nordics for driving business and IT transformation, and with the help of FiDo, it adds further weight within banking and insurance.

Livingstone’s Business Services team hereby completes another transaction in the sector, following the sale of PrimeQ to VIEW Ledger, the sale of ADDQ to QESTIT, and the sale of Swedwise to Storskogen.