Inflexion is pleased to announce it has entered into an agreement to acquire a majority stake in Nomentia, a leading European treasury and cash management software provider, from current investors PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies, and Verdane, a European specialist growth investor named one of the region’s most active software investors. The investment is being made by Inflexion Buyout Fund VI.
Helsinki-headquartered Nomentia is a modular, cloud first software provider delivering a comprehensive portfolio of solutions to the cash & treasury management segment around bank connectivity, payments, cash visibility and forecasting, trade finance, and risk & reporting.
Nomentia’s loyal base of 1,400+ blue chip customers spans across a wide range of industries and geographies across Europe. The solutions are used in over 80 countries and the company currently processes more than €1.2 trillion of payments through its bank connections annually.
The company aims to continue its growth across Europe both organically and through further acquisitions.
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.
Jukka Sallinen, CEO, Nomentia
The investment is the fourth for Inflexion in the Nordics following its investment into EcoOnline earlier this year, the take-private of Infront in 2021, and the acquisition of Nordic Trustee by Inflexion portfolio company Ocorian that same year.
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.
Flor Kassai, Partner and Head of Buyout Fund, Inflexion
The transaction is subject to regulatory approvals.