Sympa

August 2020

BUYER

Providence Strategic Growth (“PSG”), founded in 2014 as an affiliate of Providence Equity Partners (“Providence”), targets growth equity investments in mid-market software and technology-enabled service companies. PSG is headquartered in Boston, MA, with offices in London and Kansas City. Since Providence’s inception in 1989, the firm has invested in more than 200 companies and become a premier asset management firm with c. USD 50 billion in aggregate capital commitments.

TARGET

Sympa offers a complete and fully customizable SaaS platform, providing companies with a trusted Human Capital Management (“HCM”) tool for automating a wide range of HR tasks and processes. The solution generates a clear, aggregated, view of all HR data and can be further customized by offering unlimited integration opportunities. Sympa, founded in 2005, currently has more than 650 customers in over 100 countries. The company has c. 140 employees with offices located in Finland (HQ), Sweden, Denmark, Norway and the Netherlands.

SELLER

Alfvén & Didrikson, founder family and employees, who will remain as shareholders. Alfvén & Didrikson is an active and long-term backer of passionate entrepreneurs and teams with international growth ambitions. Since 2010, Alfvén & Didrikson has made investments in c. 20 fast-growing Northern European companies.

TRANSACTION

Structured auction process