Inflexion announces acquisition of Nomentia

Inflexion is pleased to announce it has entered into an agreement to acquire a majority stake in Nomentia, a leading European treasury and cash management software provider, from current investors PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies, and Verdane, a European specialist growth investor named one of the region’s most active software investors. The investment is being made by Inflexion Buyout Fund VI.  

Helsinki-headquartered Nomentia is a modular, cloud first software provider delivering a comprehensive portfolio of solutions to the cash & treasury management segment around bank connectivity, payments, cash visibility and forecasting, trade finance, and risk & reporting. 

Nomentia’s loyal base of 1,400+ blue chip customers spans across a wide range of industries and geographies across Europe. The solutions are used in over 80 countries and the company currently processes more than €1.2 trillion of payments through its bank connections annually. 

The company aims to continue its growth across Europe both organically and through further acquisitions. “Nomentia has gone through an incredible journey under PSG and Verdane’s ownership. We’ve established Nomentia as one of the leading players in the European treasury and cash Management space. Going forward, Nomentia plans to be even better at serving customers in its current markets and new ones by bringing new and innovative features to a growing client base. Management is very excited to partner with Inflexion to accelerate the company’s growth further,” commented Jukka Sallinen, CEO of Nomentia.  

The investment is the fourth for Inflexion in the Nordics following its investment into EcoOnline earlier this year, the take-private of Infront in 2021, and the acquisition of Nordic Trustee by Inflexion portfolio company Ocorian that same year.  

Flor Kassai, Partner at Inflexion and Head of Buyout Fund said, “Nomentia is a market leading SaaS business benefitting from a best-in-class offering for its clients. Now is the right time for the business to accelerate its growth across Europe whilst continuing to maintain its high level of customer service. We look forward to supporting Jukka and the team as Nomentia further penetrates the European market both organically and through acquisitions.”  

Romain Railhac, Managing Director at PSG said, “Nomentia’s immense success means the business is now ready to enter its next phase of growth, and we are confident Inflexion brings the right resources and expertise to drive further success. We have been delighted to actively support the entire Nomentia team in scaling the business, both organically and via M&A, into a comprehensive and genuinely pan-European provider of cash and treasury management software solutions.”  

Iikka Moilanen, Principal at Verdane, said, “Working with Nomentia’s top quality management team has for me been one of the greatest learning opportunities of my career. Given the team's passion and talent, and Nomentia's market-leading product offering, it’s no wonder that Nomentia is well-loved and trusted by the market, and has been recognised by an investor with a track record and reputation as strong as Inflexion.”  

The transaction is subject to regulatory approvals. 

For further information, please contact: 

Inflexion

Sarah Gestetner 
020 7487 9820 
sarah.gestetner@inflexion.com  

PSG Equity

Prosek Partners
Ryan Smith
07854750943
pro-psg@prosek.com  

Verdane

Sasha Olshanetsky 
+44 (0)20 3960 5320
sasha.olshanestky@verdane.com 

About Inflexion 

Inflexion is a leading mid-market private equity firm which works in partnership with ambitious management teams of high growth, entrepreneurial businesses to accelerate sustainable growth. Inflexion’s flexible approach allows it to back both majority and minority investments, typically investing €15m to €450m of equity in each deal. 

With bespoke teams and dedicated capital, Inflexion’s funds invest across a variety of sectors from offices in London, Manchester and Amsterdam. Inflexion helps businesses achieve the next stage of growth through M&A, international expansion, digital enhancement, talent development, commercial strategy, sustainability focus and access to Inflexion’s global network. It also benefits from a local presence in Bangalore, Boston, São Paulo and Shanghai dedicated to portfolio development, enabling investee companies to benefit from privileged access to these fast-growth markets. 

Funds advised by Inflexion Private Equity Partners LLP have funds under management of c.€9bn.   

Read more at www.inflexion.com  

About Nomentia 

Nomentia is a category leader within European treasury and cash management solutions. Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers. 

Today, Nomentia is solving the challenges of modern treasurers and cash managers across 1400+ businesses in over 80 countries, processing more than 1.2 trillion euros annually. Nomentia solutions specialize in global payments, bank connectivity-as-service, cash forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance.  

For more information, visit www.nomentia.com 

About PSG Equity 

PSG Equity (“PSG”) is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 115 companies and facilitated over 420 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel Aviv. To learn more about PSG, visit www.psgequity.com. 

About Verdane  

Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses to help them reach the next stage of international growth. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies. Verdane funds hold over €4.5 billion in total commitments and have made over 150 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts is based out of Helsinki, Oslo, Stockholm, Copenhagen, London, Munich and Berlin. Learn more about Verdane at www.verdane.com.