M&A Deal Summary

Longship Acquires OpusCapita Group - Finance & Accounting Outsourcing Business

On May 4, 2017, private equity firm Longship acquired information technology company OpusCapita Group - Finance & Accounting Outsourcing Business from OpusCapita

Acquisition Highlights
  • This is Longship’s 1st transaction in the Information Technology sector.
  • This is Longship’s 1st transaction in Finland.

M&A Deal Summary

Date 2017-05-04
Target OpusCapita Group - Finance & Accounting Outsourcing Business
Sector Information Technology
Buyer(s) Longship
Sellers(s) OpusCapita
Deal Type Divestiture

Target

OpusCapita Group - Finance & Accounting Outsourcing Business

Finland
OpusCapita Group's Finance & Accounting Outsourcing Business include printing, scanning, software, e-invoices and other electronic transactions. For FAO business, the arrangement enables it to develop its operations further with clearer customer focus and growth plan. The core offering for FAO continues to be Finance & Accounting and Payroll process management services as well as Robotic Process Automation. OpusCapita Group's Finance & Accounting Outsourcing Business (FAO) is based in Finland.

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Buyer(S) 1

Buyer
DESCRIPTION

Longship AS is a private equity firm focused on acquiring and investing in mid-sized companies which are established or have operations in Norway, with strong potential for growth both locally and/or internationally. The Firm targets companies with NOK 150 million to NOK 1 billion in revenue and does not have any sector preferences. Longship AS is headquartered in Oslo.


DEAL STATS #
Overall 1 of 10
Sector: Information Technology M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Nofitech

Trondheim, Norway

Nofitech develops cost effective and compact RAS solutions for the aquaculture industry. Technological advancements have enabled aquaculture farmers to grow fish in land-based recirculating aquaculture systems (RAS). Nofitech’s module-based RAS solutions allow aquaculture farmers to increase their production by bringing parts of- or the entire growth cycle onto land, providing better fish health and environmental impact, and speeding up the production cycle. Nofitech was founded n 2011 and is based in Trondheim, Norway.

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Seller(S) 1

SELLER

OpusCapita

Helsinki, Finland

Category Company
Founded 1984
Sector Information Technology
Employees2,000
Revenue 240M EUR (2016)
DESCRIPTION

OpusCapita helps organizations sell, buy and pay more effectively by providing them with extended purchase-to-pay and order-to-cash solutions. With 600 million transactions processed annually by over 8,000 customers across more than 100 countries, company have created a global ecosystem where buyers, suppliers, banks and other parties connect, transact and grow. Together with our customers, OpusCapita is transforming sales, procurement and financial processes for the digital age. OpusCapita was founded in 1984 and is headquartered in Helsinki, Finland.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Finland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 jCatalog Software AG

Dortmund, Germany

jCatalog Software AG is a provider of software solutions for procurement and the product information management and distribution. jCatalog Software AG is headquartered in Dortmund, Germany and has operations in Europe and in the USA with some 130 professionals. The company serves over 250 customers including large global companies such as Liebherr, Rossmann, IBM, Audi, Schindler and Maersk.

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