Vinge Logotype
Svenska English 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge advises Altor on acquisition of Palette Software
Mandate

Vinge advises Altor on acquisition of Palette Software

July 02, 2021 Employment and Benefits M&A IT, Telecommunications and Outsourcing

Vinge is advising Altor Fund V (“Altor”) in its acquisition of a majority stake in Palette Software AB (“Palette”). Altor acquires the company from previous owner Monterro, founders and management. The ambition is to accelerate investments in growing Palette into one of the leading accounts payable automation software providers globally.

Palette is an Accounts Payable automation (AP Automation) software company offering procure-to-pay and digital invoice processing solutions for the SME and mid-market segments. The company, which has 120 employees and is headquartered in Stockholm, has more than 1,500 customers predominantly in Sweden and Finland. Palette has annual recurring revenue (ARR) of approximately 200 MSEK.

The Vinge team advising Altor includes partner Christina Kokko and associates Carl Sander, Vilhelm Rondahl, Elsie Nassar and Nando Basic (M&A), Mathilda Persson and Lisa Hörnqvist (IT), Carl Östlund (Employment), and VDR-specialist Sara Dahlros Sköld.

Related

Vinge has advised Stenhus Fastigheter i Norden AB in connection with their uplisting to Nasdaq Stockholm

 Vinge has advised Stenhus Fastigheter i Norden AB (publ) (“Stenhus Fastigheter” or the “Company”) in connection with the Company's uplisting to Nasdaq Stockholm. The first day of trading on Nasdaq Stockholm was 18 December 2024.
December 20, 2024

Vinge represents IKEA Forestry Investment AB in connection with the acquisition of forest and land in Latvia

 Vinge assists IKEA Forestry Investment AB (a company within the Inter IKEA group) in the acquisition of 100% of the shares in the two Latvian companies SIA "Latvijas Mežu Aģentūra" and SIA "Vadakstes Meži" (the “Companies") from Skogsfond Baltikum AB (publ). The Companies own a total of 8,080 hectares of forest and land in Latvia.
December 16, 2024

Vinge assists enterstore in connection with the acquisition of Miss Mary of Sweden

 Enterstore a.s., owned by Hartenberg Holding, has entered into an agreement with Scope Growth III L.P. to acquire Swedish Bra Holding AB, Miss Mary of Sweden. Miss Mary is engaged in the design, manufacture, and sale of women's underwear, with approximately 90 percent of its revenue coming from e-commerce. enterstore is an e-commerce group consisting of portfolio companies with leading brands in niche industries.
December 16, 2024