Inflexion Invests in Helsinki-Based Cash Management Software Provider Nomentia

Inflexion Invests in Helsinki-Based Cash Management Software Provider Nomentia

(IN BRIEF) Inflexion has acquired a majority stake in European treasury and cash management software provider Nomentia from PSG Equity and Verdane. Helsinki-based Nomentia delivers a comprehensive suite of solutions to the cash and treasury management sector, including bank connectivity, payments, cash visibility and forecasting, trade finance, and risk and reporting. The company has a loyal customer base of over 1,400 blue-chip clients and currently processes more than €1.2tn of payments annually through its bank connections. The acquisition will allow Nomentia to grow further across Europe through both organic expansion and acquisitions.

(PRESS RELEASE) LONDON, 1-Mar-2023 — /EuropaWire/ — Inflexion, a leading mid-market private equity firm, has announced the acquisition of a majority stake in Nomentia, a leading European provider of treasury and cash management software, from PSG Equity and Verdane. The investment was made by Inflexion Buyout Fund VI.

Nomentia, based in Helsinki, offers a modular, cloud-first software solution for cash and treasury management. Its product suite includes solutions for bank connectivity, payments, cash visibility and forecasting, trade finance, and risk and reporting. The company has a loyal base of over 1,400 blue-chip customers in more than 80 countries, and currently processes over €1.2 trillion of payments annually through its bank connections.

The acquisition will enable Nomentia to continue its growth both organically and through further acquisitions across Europe. Inflexion’s investment in Nomentia marks its fourth in the Nordics, following the take-private of Infront in 2021, the acquisition of Nordic Trustee by Inflexion portfolio company Ocorian that same year, and its investment in EcoOnline earlier this year.

“Nomentia has gone through an incredible journey as we’ve established Nomentia as one of the leading players in the European treasury and cash Management space. Going forward, Nomentia plans to be even better at serving customers in its current markets and new ones by bringing new and innovative features to a growing client base. Management is very excited to partner with Inflexion to accelerate the company’s growth further,” said Jukka Sallinen, CEO, Nomentia.

“Nomentia is a market leading SaaS business benefitting from a best-in-class offering for its clients. Now is the right time for the business to accelerate its growth across Europe whilst continuing to maintain its high level of customer service. We look forward to supporting Jukka and the team as Nomentia further penetrates the European market both organically and through acquisitions,” commented
Flor Kassai, Partner and Head of Buyout Fund, Inflexion.

The transaction is subject to regulatory approvals.

Media contact:

Sarah Gestetner
Partner
T. +44 (0)20 7487 9820
E. sarah.gestetner@inflexion.com

SOURCE: Inflexion Private Equity Partners LLP