Nordhaven continues to advice Abry-backed Confirma Software to create a leading Nordic enterprise software group

9 sept 2020

Nordhaven continued to act as financial advisor to Swedish Confirma Software in its latest acquisition in Finland i.e. the acquisition of SKJ Systems, a Finnish provider of Point-of-Sales (POS) systems under Jeemly and Flowvy brands. Simultaneously Capillar Adivisory, our Swedish partner firm in Clairfield International, advised Confirma to acquire DataVara, a provider of payroll systems for the Swedish SME segment.

Confirma Software was founded in 2019 by Abry Partners, US-based private equity fund with deep sector knowledge in business and information services. Since their founding in 1989, Abry has completed over 550 transactions and currently manages over $5.0 billion capital across their active funds.

Confirma Software has strategy to consolidate enterprise software companies with specialized offerings for SME customers throughout the Nordic countries. Nordhaven and Clairfield have been advising Confirma Software since its first acquisition and have now completed six transactions jointly.

Advisory work by the Nordhaven and Capillar teams was of the highest quality and enabled us to complete the transactions efficiently and expectedly. Their contacts and knowledge of the Nordic software sector has been 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. We are currently working on Nordic basis in other segments as well” says Juha Raunio, Managing Partner at Nordhaven Finland.

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