Origo's Banking and SAP Solutions Acquired by Norvestor and Pearl Group
Deal News | Feb 17, 2025 | Gernandt & Danielsson Advokatbyr
Gernandt & Danielsson Advokatbyrå has advised Norvestor and Pearl Group on their acquisition of Origo's banking and SAP solution business in both Iceland and Sweden. This strategic move signifies a considerable achievement for Norvestor and Pearl Group in expanding their service offerings and footprint in Scandinavian markets. The acquisition aims to enhance their capabilities in the banking and SAP solutions sector, strengthening their competitive position in these industries. The guidance and legal expertise provided by Gernandt & Danielsson played a pivotal role in facilitating and finalizing this transaction.
Sectors
- Financial Services
- Information Technology
Geography
- Iceland – Origo's banking and SAP solution business operates in Iceland.
- Sweden – Origo's banking and SAP solution business operates in Sweden.
Industry
- Financial Services – The acquisition involves Norvestor and Pearl Group expanding their services in the banking sector.
- Information Technology – Origo's expertise and assets in the SAP solutions market are a core part of this acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | Provided legal advisory services for the acquisition. |
| Norvestor | Acquirer | Company | A private equity firm involved in the acquisition of Origo's business segments. |
| Pearl Group | Acquirer | Company | Partnered with Norvestor in the acquisition. |
| Origo | Target Company | Company | The company whose banking and SAP solution business was acquired. |