Nordhaven advised Abry-backed Confirma Software in the acquisition of Tietoaika

15 apr 2021

Nordhaven continued as financial advisor to Swedish Confirma Software in its latest transaction in Finland, i.e. the acquisition of Tietoaika providing Domus ERP software solution for administration of real estate management companies and housing associations. Tietoaika also operates Huoneistotieto.fi solution, an information platform for owners, residents and board members in building societies. With the acquisition of Tietoaika, Confirma Software has pro forma LTM revenue of over € 35 million and more than 250 employees.

Confirma Software was founded in 2019 by Abry Partners, a US-based private equity fund, to consolidate enterprise software companies with specialized offerings for SME customers throughout the Nordic countries. Nordhaven and other Clairfield Nordic offices have been advising Confirma Software since its first acquisition and have now completed seven transactions jointly.

Nordhaven’s effort was once again of the highest quality and enabled us to complete the transaction efficiently. Their contacts and knowledge of the Nordic software sector has proved instrumental for us in realizing the growth strategy” says Jarle Mørk, CEO of Confirma Software.

These transactions are good examples of our unique cross-border buy-and-build capability that benefit both our private equity and industrial clients. The value-add to our customer from this type of work is significantly higher than in traditional M&A advisory” says Juha Raunio, Managing Partner at Nordhaven Finland.

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