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Vinge advises Abacus Bidco Oy (which is the parent company of Accountor Software recently acquired by KKR) in the acquisition of certain subsidiaries and assets of 24SevenOffice Group AB (“24SevenOffice”)  

November 13, 2024 M&A Capital Markets and Public M&A

24SevenOffice is a listed company (First North Stockholm) that provides modular software for accounting, ERP and business services that automate processes using AI.

The transaction primarily relates to ERP-related subsidiaries and assets, including 24SevenOffice Norway AS, 24SevenOffice Scandinavian Systems and 24SevenOffice Sweden AB. Following completion of the transaction, the acquired assets and subsidiaries will be integrated with Accountor Software.

The purchase price for the ERP-related subsidiaries and assets corresponds to an enterprise value of approximately SEK 2.4 billion.

The transaction is subject to approval by the shareholders of 24SevenOffice and regulatory approval.

Vinge's team consisted primarily of Christina Kokko, Matthias Pannier, Gustav Persson and Ian Linde (M&A), Sofie Bjärtun and Joel Magnusson (Capital Markets and Public M&A), Johan Gavelin (IP), Alice Göransson (Employment), Madelene Andersson (Real Estate), Daniel Wendelsson (FDI), Christoffer Nordin and Katja Häglund (Commercial Agreements), Nicklas Thorgerzon (IT and GDPR), Calle Tengwall Pagels and William Carlberg Johansson (Banking and Finance), Caroline Krassén (Financial Services), Caroline Löv and Filippa Bergkvist (Transaction Support).

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