M&A Deal Summary

PSG Acquires Nomentia

On January 1, 2019, growth capital firm PSG acquired internet software and services company Nomentia

Acquisition Highlights
  • This is PSG’s 9th transaction in the Internet Software and Services sector.
  • This is PSG’s 1st transaction in Finland.
Investment Fate
  • Nomentia was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2019-01-01
Target Nomentia
Sector Internet Software and Services
Buyer(s) PSG
Deal Type Buyout (LBO, MBO, MBI)

Target

Nomentia

Espoo, Finland
Nomentia offers native cloud solution for corporates and enterprises of all sizes to connect to any bank worldwide, manage their payments irrespective of currencies, payment formats or ERP systems, build accurate cash forecasting and analytics on cash, and to automate the management of cashflows. Nomentia was founded in 2004 and is based in Espoo, Finland.

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Buyer(S) 1

Buyer

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 28 of 130
Sector: Internet Software and Services M&A 9 of 50
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 21
Country: Finland M&A 1 of 3
Year: 2019 M&A 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 S3

Nashville, Tennessee, United States

S3 is developing and delivering innovative licensing solutions that allow government agencies to automate their marketing, transactions and customer relations. S3 is a provider of business services and technology platforms for the outdoor recreation industry. S3 was founded in 2010 and is based in Nashville, Tennessee.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Jobcase

Cambridge, Massachusetts, United States

Jobcase is dedicated to empowering and advocating for the world's workers. As a social media platform, Jobcase develops technology to help more than 110 million registered members lead better, more meaningful work lives by providing access to jobs, tools, resources, and a supportive community. Jobcase technology also powers a network of job sites and many nonprofit-driven activities via its Jobcase network. Jobcase was founded in 2009 and is based in Cambridge, Massachusetts.

Buy -