Nordhaven Corporate Finance advised the owners of Webcruiter in the sale to Verdane Edda.

18 dec 2018

Private equity fund Verdane Edda acquires and merges the two leading Nordic HCM software players - Webcruiter AS and HR Manager AS. Nordhaven Corporate Finance advised the owners of Webcruiter in the sale of their shares to the new group. 

HR and recruitment are areas of increasing importance to corporate strategy, and is as much a "retain and develop" knowledge field as recruitment of the best talents out there. Having the right tools at hand for this job is imperative.

"HR Manager and Webcruiter are both very interesting companies with highly modern solutions developed by very skilled teams. The combination of the two will be able to offer even better products and services to new and existing clients throughout the Nordics. We look forward in supporting them in their Nordic expansion with our expertise, network and experience." - Johnny Rindahl (partner Verdane).

Webcruiter AS
Leading Norwegian provider of born cloud recruitment software. 30 employees in Oslo serving 400 clients both within the public and private market. Software handling +1.9 million applications annually from 120 countries world wide. Core strength is integration with other public systems required. Revenue 2018 of MNOK 49 with a large portion of recurring revenue (+85%). New and modern technology platform launched during 2017/2018.

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