PSA Expands with Norvestor's Backing
Deal News | May 05, 2025 | Norvestor
Norvestor Nova I SCSp has entered into an agreement to acquire a majority stake in PSA Solutions AS, a leading Norwegian legal tech solution provider. Established in 2017 and headquartered in Oslo, PSA specializes in offering and integrating mission-critical software solutions for top-tier law firms and corporate legal departments across the Nordics. The acquisition is part of Norvestor's strategy to enhance its portfolio with high-performing companies poised for growth in the digitalizing legal industry. With this investment, Norvestor aims to leverage its extensive expertise to accelerate PSA’s growth in current and new markets. PSA will continue its mission of providing cutting-edge software tools like the Custodian suite and maintaining strong partnerships with global legal tech vendors. The deal, concluded on April 30, 2025, aligns with Norvestor's focus on developing and scaling mid-market Nordic companies, with PSA poised to benefit from Norvestor's strategic resources and sectoral experience.
Sectors
- Legal Technology
- Private Equity
- Software as a Service (SaaS)
Geography
- Nordic Region – Both PSA and Norvestor are active in the Nordic region, with PSA headquartered in Norway and serving law firms across the Nordics.
- Norway – PSA is headquartered in Oslo, Norway, making it a significant geographical focus of the article.
- Sweden – Norvestor has partnerships and investments in companies across Sweden, and PSA operates there as well.
Industry
- Legal Technology – The article discusses PSA Solutions AS, a company that develops and integrates legal tech solutions, making this industry highly relevant.
- Private Equity – Norvestor's acquisition of a majority stake in PSA indicates the involvement of the private equity industry.
- Software as a Service (SaaS) – PSA's software offerings on a subscription basis and their integration of third-party SaaS products emphasize this industry's relevance.
Financials
- Not Disclosed – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Norvestor | Bidding Company | Private Equity | Norvestor is a private equity firm investing in mid-market companies in the Nordic region. |
| PSA Solutions AS | Target Company | Company | A Norwegian legal tech solution provider serving law firms and corporate legal departments across the Nordics. |
| Georg Enderlein | Incoming Chair at PSA | Person | Partner at Norvestor and the incoming Chair at PSA following the acquisition. |
| Martin Flatset | CEO | Person | Co-Founder and CEO of PSA Solutions AS. |
| Jonas Kaldahl | Investment Manager | Person | Investment Manager at Norvestor Advisory. |