Inflexion has entered into an agreement to acquire a majority stake in Nomentia, a leading European treasury and cash management software provider, from current investors PSG Equity (โPSGโ), a leading growth equity firm partnering with software and technology-enabled services companies, and Verdane, a European specialist growth investor named one of the regionโs most active software investors.
Helsinki-headquartered Nomentia is a modular, cloud first software provider delivering a comprehensive portfolio of solutions to the cash & treasury management segment around bank connectivity, payments, cash visibility and forecasting, trade finance, and risk & reporting.
Nomentiaโs loyal base of 1,400+ blue chip customers spans across a wide range of industries and geographies across Europe. The solutions are used in over 80 countries and the company currently processes more than โฌ1.2 trillion of payments through its bank connections annually.
The company aims to continue its growth across Europe both organically and through further acquisitions. โNomentia has gone through an incredible journey under PSG and Verdaneโs ownership. Weโve established Nomentia as one of the leading players in the European treasury and cash Management space. Going forward, Nomentia plans to be even better at serving customers in its current markets and new ones by bringing new and innovative features to a growing client base. Management is very excited to partner with Inflexion to accelerate the companyโs growth further,โ commented Jukka Sallinen, CEO of Nomentia.
Iikka Moilanen, Principal at Verdane, said, โWorking with Nomentiaโs top quality management team has for me been one of the greatest learning opportunities of my career. Given the teamโs passion and talent, and Nomentiaโs market-leading product offering, itโs no wonder that Nomentia is well-loved and trusted by the market, and has been recognised by an investor with a track record and reputation as strong as Inflexion.โ
Romain Railhac, Managing Director at PSG said, โNomentiaโs immense success means the business is now ready to enter its next phase of growth, and we are confident Inflexion brings the right resources and expertise to drive further success. We have been delighted to actively support the entire Nomentia team in scaling the business, both organically and via M&A, into a comprehensive and genuinely pan-European provider of cash and treasury management software solutions.โ
Flor Kassai, Partner at Inflexion and Head of Buyout Fund said, โNomentia is a market leading SaaS business benefitting from a best-in-class offering for its clients. Now is the right time for the business to accelerate its growth across Europe whilst continuing to maintain its high level of customer service. We look forward to supporting Jukka and the team as Nomentia further penetrates the European market both organically and through acquisitions.โ
The transaction is subject to regulatory approvals.
About Nomentia
Nomentia is a category leader within European treasury and cash management solutions. Nomentiaโs mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers.
Today, Nomentia is solving the challenges of modern treasurers and cash managers across 1400+ businesses in over 80 countries, processing more than 1 trillion euros annually. Nomentia solutions specialize in global payments, bank connectivity-as-service, cash forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance.
For more information, visit www.nomentia.com
About Inflexion
Inflexion is a leading mid-market private equity firm which works in partnership with ambitious management teams of high growth, entrepreneurial businesses to accelerate sustainable growth. Inflexionโs flexible approach allows it to back both majority and minority investments, typically investing โฌ15m to โฌ450m of equity in each deal.
With bespoke teams and dedicated capital, Inflexionโs funds invest across a variety of sectors from offices in London, Manchester and Amsterdam. Inflexion helps businesses achieve the next stage of growth through M&A, international expansion, digital enhancement, talent development, commercial strategy, sustainability focus and access to Inflexionโs global network. It also benefits from a local presence in Bangalore, Boston, Sรฃo Paulo and Shanghai dedicated to portfolio development, enabling investee companies to benefit from privileged access to these fast-growth markets.
Funds advised by Inflexion Private Equity Partners LLP have funds under management of c.โฌ9bn.
Read more at www.inflexion.com
About PSG Equity
PSG Equity (โPSGโ) is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 115 companies and facilitated over 420 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel Aviv. To learn more about PSG, visit www.psgequity.com.
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over โฌ6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdaneโs team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo, and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com โฏ
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Press Contact
Verdane Press Office
press@verdane.com
Inflexion
Sarah Gestetner
020 7487 9820
sarah.gestetner@inflexion.com
PSG Equity
Prosek Partners
Ryan Smith
07854750943
Pro-psg@prosek.com