Vitruvian Partners acquisition of majority stake in Accountor Holding

Overview:

• Vitruvian Partners acquired a majority stake in Accountor Holding from Sponsor Capital, a Finnish private equity investor and the majority shareholder of Accountor Holding.
• Vitruvian Partners is a private equity firm based in London specialising in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe.
• Accountor Holding is a leading provider of financial, accounting and HR solutions in Northern Europe.
• The legal due diligence involved seven counties in total, including Finland and Russia.
• The sale encompassed a sell side-originated policy which was flipped to the buyer in Finland.
• The transaction underwent a dual-track process, with an M&A exit and a contemplated IPO on the Helsinki Stock Exchange.
• Though details of the price paid remain confidential, this was one of the largest private equity transactions in Finland in 2015.

Wai Yee Tsang - Journalist