OnlinePOS sold to Everfield UK Limited

Transaction

Sell-side

Undisclosed

Role

Adviser to the owners of OnlinePOS on the sale to Everfield UK Limited

Sector

Tech & Tech Services

Region

Denmark

We have advised the owners of the Danish point-of-sale (POS) software company OnlinePOS on its sale to British software investor Everfield UK Limited (Everfield).

Located in Randers, Jutland, OnlinePOS develops and sells point-of-sale systems, achieving a market leader position in Denmark within the restaurant, bar, and event segments. The company was founded in 2008 by Lasse Peters and Karsten Knudsen.

Everfield invests in vertical software companies in Europe and now has approximately 30 companies in its portfolio. The acquisition of OnlinePOS strengthens Everfield’s presence in payment processing and is part of its strategy to acquire point-of-sale companies across Europe. With its strong reach and high payment volume, OnlinePOS, will play a key role in reinforcing Everfield’s position in Denmark.

It can be a long and sometimes tough process to sell your company, especially when you have not been through it before. But looking back, we had a great and educational process and ultimately found the right, competent buyer that we have the right gut feeling about. From our first meeting with Clearwater, it was clear that the team, with its deep experience and sector knowledge, could analyse and present our company both strategically and financially, in a way we, as owners, could not have done ourselves. Throughout the process, we enjoyed the professional advice and safe and positive collaboration with the team, which ultimately led us to our goal.
Lasse Peters, CEO and Co-founder, OnlinePOS

We are facing strong interest for niche focused suppliers of business-critical software. Here, OnlinePOS is a great example of a company that, with its great potential, has achieved a market leading position in the attractive niche within POS software for the restaurant industry. We experienced a great deal of interest from a range of potential buyers, and we are sure that OnlinePOS has found a very strong match in Everfield with its strategic focus on consolidating the European POS market and hence can contribute with knowledge and important special competencies. We really have appreciated the good cooperation with both founders and co-shareholders, and we are very pleased to have been able to help OnlinePOS onto the next chapter of an impressive growth journey, without any doubt.
Casper Norre, Associate Partner, Clearwater