Origo Acquisition: Norvestor and Pearl Group Expand into Banking Solutions
Deal News | Feb 17, 2025 | Gernandt & Danielsson Advokatbyr
Norvestor, a private equity firm, in conjunction with Pearl Group, has acquired Origo’s banking and SAP solution business. The transaction was advised by Gernandt & Danielsson, a legal firm renowned for its advisory services in complex acquisitions. The acquisition involves segments of Origo’s operations in both Iceland and Sweden and represents a strategic expansion by Norvestor and Pearl Group into the banking technology and SAP solution sectors. This move is expected to strengthen their presence in the Scandinavian market by leveraging technological advancements in banking solutions.
Sectors
- Private Equity
- Financial Technology
- Legal Advisory
Geography
- Iceland – Part of the transaction involves Origo's business operations located in Iceland.
- Sweden – Part of the transaction involves Origo's business operations located in Sweden.
Industry
- Private Equity – Involves Norvestor since it is a private equity firm engaging in acquisition activities to expand its portfolio.
- Financial Technology – Relates to the acquisition of Origo’s banking and SAP solutions, highlighting the focus on technological solutions in the financial sector.
- Legal Advisory – Gernandt & Danielsson provided advisory services for this acquisition, indicating the legal support involved in transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Norvestor | Acquirer | Company | A private equity firm involved in the acquisition of Origo's business units. |
| Pearl Group | Acquirer | Company | Collaborated with Norvestor to acquire Origo's units. |
| Origo | Target | Company | A company whose banking and SAP solution business was acquired in the transaction. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | Provided legal advisory services for the acquisition. |