Accountor and Vitruvian Announce KKR Investment to Support Next Chapter of Growth
Accountor and Vitruvian Announce KKR Investment to Support Next Chapter of Growth
Finland, 19 July 2024: Accountor Software, a leading provider of mission critical business software in Finland and Sweden, and selling majority shareholder Vitruvian Partners, today announced that KKR, a leading global investment firm, has agreed to acquire a majority stake in Accountor. Financial terms of the transaction, which is subject to customary closing conditions, were not disclosed. Vitruvian Partners have retained an option to re-invest into Accountor.
芬蘭,2024年7月19日:芬蘭和瑞典領先的關鍵業務軟件提供商Accountor Software以及出售大股東Vitruvian Partners今天宣佈,全球領先的投資公司KKR已同意收購Accountor的多數股權。該交易的財務條款未披露,該交易受慣例成交條件的約束。維特魯威合夥人保留了向Accountor進行再投資的選擇權。
Accountor Software provides cloud financial management and human capital software to over 130,000 customers in the Nordics. Customers of Accountor use its solutions in a wide range of use cases including automating accounting workflows, processing invoices, keeping a record of employee data and digitizing payroll. Accountor serves its customers directly as well as via a leading network of accounting offices and partners. It has a track record of strong performance with 10 years of uninterrupted growth at 19% CAGR and revenues of €132m for the year to May 2024.
Accountor Software爲北歐超過13萬名客戶提供雲財務管理和人力資本軟件。Accountor的客戶在各種用例中使用其解決方案,包括自動化會計工作流程、處理發票、保留員工數據記錄和薪資數字化。Accountor直接爲客戶提供服務,也通過領先的會計辦公室和合作夥伴網絡爲其客戶提供服務。它有着強勁的業績記錄,連續10年持續增長,複合年增長率爲19%,截至2024年5月的一年收入爲13200萬歐元。
Under Vitruvian ownership, Accountor has undergone a programme of long-term growth investment and strategic product portfolio evolution, which recently reached a conclusion with the sale of Accountor's outsourcing business to Aspia. As a result, Accountor now holds a unique position as the leading pure-play business software champion in Finland and Sweden, with ample growth opportunities across the Nordic region and beyond. Going forward, Accountor will leverage KKR's expertise in scaling high-growth software companies to enhance its value proposition for customers in Finland and expand internationally. KKR will also work with the company to implement a broad-based employee ownership program to help further motivate and engage the Accountor team to accelerate its growth.
在維特魯威的所有權下,Accountor經歷了一項長期增長投資和戰略產品組合演變計劃,該計劃最近通過將Accountor的外包業務出售給Aspia而得出結論。因此,作爲芬蘭和瑞典領先的純商業軟件冠軍,Accountor現在具有獨特的地位,在北歐地區及其他地區擁有充足的增長機會。展望未來,Accountor將利用KKR在擴大高增長軟件公司規模方面的專業知識,增強其對芬蘭客戶的價值主張並進行國際擴張。KKR還將與該公司合作實施一項基礎廣泛的員工所有權計劃,以幫助進一步激勵和吸引Accountor團隊加速其增長。
Mikko Soirola, CEO of Accountor Software, commented: "We are delighted to welcome KKR as our new strategic partner. KKR is one of oldest, largest and most successful global investment firms and its investment in Accountor is a testament to our track record of achieving profitable growth through delivering world class and mission critical solutions to our customers. We are grateful for the active and invaluable support we have received from Vitruvian over the last couple of years in accelerating our growth journey to become one of the leading financial and HR management software businesses in the Nordics. We look forward to continuing our journey with KKR's support".
Accountor Software首席執行官Mikko Soirola評論說:“我們很高興歡迎KKR成爲我們的新戰略合作伙伴。KKR是歷史最悠久、規模最大、最成功的全球投資公司之一,其對Accountor的投資證明了我們通過向客戶提供世界一流的關鍵任務解決方案實現盈利增長的記錄。我們感謝Vitruvian在過去幾年中給予我們的積極而寶貴的支持,以加快我們的增長進程,成爲北歐領先的財務和人力資源管理軟件企業之一。我們期待在KKR的支持下繼續我們的旅程”。
Jussi Wuoristo, Partner at Vitruvian Partners, added: "We are very pleased with the exceptionally strong development that the Accountor management and employees have achieved over the years. Since our investment, Accountor has multiplied in size and become a leading software business through a combination of organic growth and strategic acquisitions as well as select divestments. Accountor's growth over the past years has been truly remarkable and we look forward to following their continued success."
Vitruvian Partners合夥人Jussi Wuoristo補充說:“我們對會計師管理層和員工多年來取得的異常強勁的發展感到非常滿意。自我們投資以來,Accountor的規模成倍增長,通過有機增長和戰略收購以及精選撤資相結合,成爲領先的軟件企業。Accountor在過去幾年中的增長確實非常出色,我們期待着他們的持續成功。”
Hans Arstad, Managing Director and Head of Private Equity in the Nordics, said: "We are excited to back Accountor Software on their continued growth journey. We have been impressed with the company's strong standing in the Finnish market, and see significant potential to expand that across the Nordics and beyond. We look forward to supporting the company going forward."
北歐董事總經理兼私募股權主管漢斯·阿斯塔德表示:“我們很高興支持Accountor Software的持續增長之旅。該公司在芬蘭市場的強大地位給我們留下了深刻的印象,並看到了將其擴展到北歐及其他地區的巨大潛力。我們期待着爲公司前進提供支持。”
KKR brings significant expertise in scaling SaaS businesses and European software providers focused on SMEs, with a strong track record of working with management teams to deliver growth. KKR's investment in Accountor builds on a track record of supporting category leading European software companies including Cegid, Contabo, Darktrace, Exact, Körber Supply Chain Software, and Visma.
KKR在擴展SaaS業務和專注於中小企業的歐洲軟件提供商方面擁有豐富的專業知識,在與管理團隊合作實現增長方面有着良好的記錄。KKR對Accountor的投資建立在支持包括Cegid、Contabo、Darktrace、Exact、Korrber供應鏈軟件和Visma在內的歐洲領先軟件公司的往績基礎上。
KKR has been investing in the Nordics since 2007 and opened an office in Stockholm in 2021. KKR has deployed over €6bn of equity into businesses with more than €30bn combined Enterprise Value, including leading Nordics businesses such as Söderberg & Partners, Sector Alarm and Visma, supporting their wider expansion in the region and internationally. KKR is making the investment in Accountor through its European Fund VI.
自2007年以來,KKR一直在北歐投資,並於2021年在斯德哥爾摩開設辦事處。KKR已向企業總價值超過300億歐元的企業部署了超過60億歐元的股權,其中包括Soderberg & Partners、Sector Alarm和Visma等領先的北歐企業,以支持他們在該地區和國際上的更廣泛擴張。KKR正在通過其歐洲基金VI對Accountor進行投資。
About Accountor
關於 Accountor
Accountor specialises in cloud financial management and human capital software. Our mission is to help our customers use the possibilities of modern technology and digitalization in their everyday work. Accountor is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. The group's headquarters is in Espoo, Finland.
Accountor專門研究雲財務管理和人力資本軟件。我們的使命是幫助我們的客戶在日常工作中利用現代技術和數字化的可能性。Accountor是聯合國全球契約的參與者,並堅持其基於原則的企業責任方針。該集團的總部位於芬蘭埃斯波。
About Vitruvian Partners
關於維特魯威合作伙伴
Vitruvian is a leading international investment firm with nine offices in Europe, the USA and Asia. Vitruvian focuses on dynamic situations characterized by rapid growth and change across industries. Vitruvian has backed over 80 companies and has assets under management of over €15 billion. Notable investments include global market leaders and innovators in their field such as Just Eat, EasyPark, CRF Health, Farfetch, Darktrace, Trustpilot, Marqeta, TransferWise, Skyscanner and others. Vitruvian has a strong presence in the Nordics with a Stockholm office established in 2011 and a track record of fifteen investments across the region, including Accountor, Benify, CRF Health, Easypark, Just Eat and Trustpilot. For more information, visit .
Vitruvian是一家領先的國際投資公司,在歐洲、美國和亞洲設有九個辦事處。Vitruvian 專注於以快速增長和跨行業變化爲特徵的動態情況。維特魯威已經爲80多家公司提供了支持,管理的資產超過150歐元。值得注意的投資包括該領域的全球市場領導者和創新者,例如Just Eat、EasyPark、CRF Health、Farfetch、Darktrace、Trustpilot、Marqeta、TransferWise、Skyscanner等。Vitruvian在北歐擁有強大的影響力,於2011年在斯德哥爾摩設立了辦事處,並在該地區進行了15次投資,包括Accountor、Benify、CRF Health、Easypark、Just Eat和Trustpilot。欲了解更多信息,請訪問。
About KKR
關於 KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing worldclass people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at . For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at .
KKR是一家領先的全球投資公司,提供另類資產管理以及資本市場和保險解決方案。KKR旨在通過遵循耐心和紀律嚴明的投資方法、僱用世界一流的人才以及支持其投資組合公司和社區的增長來創造有吸引力的投資回報。KKR贊助投資於私募股權、信貸和實物資產的投資基金,並擁有管理對沖基金的戰略合作伙伴。KKR的保險子公司在環球大西洋金融集團的管理下提供退休、人壽和再保險產品。提及KKR投資的內容可能包括其贊助基金和保險子公司的活動。有關 KKR & Co. 的更多信息Inc.(紐約證券交易所代碼:KKR),請訪問KKRs網站,網址爲。有關環球大西洋金融集團的更多信息,請訪問環球大西洋金融集團的網站,網址爲。
Accountor
會計師
Katarina Ylikorkala
katarina.ylikorkala@finago.com
+358503870635
卡塔琳娜·伊利科卡拉
katarina.ylikorkala@finago.com
+358503870635
Vitruvian Partners
維特魯威合作伙伴
Siobhan Loftus
Siobhan Loftus
siobhan.loftus@vitruvianpartners.com
siobhan.loftus@vitruvianpartners.com
KKR
KKR
Alastair Elwen / Jack Shelley
阿拉斯泰爾·艾爾文/傑克·雪萊
FGS Global
FGS 全球
+44 20 7251 3801
+44 20 7251 3801
KKR-LON@fgsglobal.com
KKR-LON@fgsglobal.com