Clearwater advises Abry Partners on the acquisition of Finnish enterprise software companies Oy DL software Ab, Cash-in Consulting Oy, and Computer Program Unit Oy

Transaction

Abry Partners acquired three Finnish software companies

Buy-side

Undisclosed

Role

Adviser to Abry Partners on its acquistion of three Finnish softarare companies

Sector

Tech & Tech Services

Region

Finland

We have advised Abry Partners, a US-based information and business services focused private equity fund, on its acquistion of three Finnish enterprise software companies. The targets were DL Software and Cash-in Consulting in Vaasa as well as Computer Program Unit (CPU) in Joensuu. The companies have combined revenues of more than €15m in 2019 and a total of 117 employees.

Abry together with the management of the acquired companies have founded Confirma Software AB, a new Nordic platform focusing on acquiring strong enterprise software companies with specialized offerings for SME customers in the Nordic countries.

Clearwater’s contacts and knowledge of the Nordic software sector has been instrumental for us in realizing this investment. Moreover, the team’s support in the execution of the initial acquisitions was of the highest quality.
Rob Nicewicz, Abry Partners

It has been a privilege for us to work with Abry Partners. We have contacted a large number of Nordic vertical software companies and many of them have become excited about the new platform. We are looking forward to working with Abry and Confirma in additional acquisitions.
Juha Raunio, Managing Partner, Clearwater