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Mandate

Vinge advises the founders of Modular Finance in connection with a transaction with Sprints

December 08, 2023 M&A Restructuring and Insolvency Corporate Tax

Vinge advises the founders of Modular Finance in connection with a sale of approximately 40% of the shares in the company to Sprints.

Modular Finance is a SaaS company focusing on the financial markets in the Nordics and the United Kingdom. Through two business areas, Banking & Finance and Investor Relations, a range of niche products is offered with a focus on unique data sets and user-friendliness.

Sprints has a team founded and led by Swedes but headquartered in the UK, and is a focused investor in tech-enabled companies with prior experience as investors in Hemnet and existing investments in companies such as Teamtailor, Planhat, Vinted and Revolut.

The company’s founders Måns Flodberg, Rasmus Holm and Petter Hedborg will retain the majority of their shares and will remain fully involved over the coming years. Rite Ventures which has been a partner since 2014 will also keep the majority of their shares.

Vinge’s team consisted of partners Christina Kokko and Karl Klackenberg together with Viktor Lennartsson, Egil Svensson and Gustav Persson (M&A), Victor Ericsson and Morgan Ödman (Tax), and Daniel Wendelsson (Regulatory).

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