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We acted as advisor for Administer Oy in share transaction

  • Finland

    08-06-2018

    We acted as legal advisor for Administer Oy when the company acquired all shares of Silta Oy from Sentica’s equity fund and the company’s executive management. Simultaneously with the acquisition, we assisted Administer and its shareholders in a transaction in which Bocap SMEs II GPO Oy made an investment in Administer Oy.

    With the acquisition of Silta Oy, Administer strengthens its expertise in payroll and HR services, and it will be the biggest payroll service company in Finland. Silta’s management and approximately 270 employees will continue in their current functions.

    Founded in 2001, Silta Oy has operations in four locations in Finland and a subsidiary in Tallinn, Estonia. Administer Group, which offers financial management services, had net sales of EUR 20 million in 2017, and the Group employs 400 people. Following the acquisition, the combined net sales will increase to approximately EUR 50 million and the number of personnel to nearly 700.

    Administer’s bulletin

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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