KMD was acquired by Advent International.

KMD, a Copenhagen, Denmark-based IT company, announced that its owners, EQT Partners and ATP, sold their stake to Advent International.

The deal, which has financial details undisclosed, has specifically that the funds EQT V and ATP Private Equity Partners/Via Venture Partners have signed an agreement with Advent International for the sale of 100% of the shares in KMD Equity Holding A/S.

Since being acquired in early 2009, KMD has successfully completed an extensive transition from public to private sector ownership.

KMD, led by CEO Lars Monrad-Gylling, is Denmark's largest provider of software and IT-services. KMD generates the majority of its revenue from Danish municipal authorities. Services include among others software solutions to handle social and pension benefits. In addition, the Company is a provider of IT-solutions to the central government as well as the private sector. In recent years, KMD has also built a platform for further growth in the Swedish market.

In 2011, the Company reported revenue of DKK 4,266 million and EBITDA of DKK 577 million.