Providence Equity Acquires OpusCapita Solutions from Posti Group
August 3, 2019
Posti Group agreed to sell its subsidiary OpusCapita Solutions Oy to a fund managed by Providence Equity Partners, with the agreement signed on March 8, 2019 and the price undisclosed. OpusCapita, a Finland-headquartered provider of source-to-pay, cash management and product information management software with ~350 employees and ~3,000 customers, will be positioned for increased product investment and global growth under Providence; closing was subject to approval by Germany’s Federal Cartel Office.
- Buyers
- Providence Equity Partners (fund managed by Providence)
- Targets
- OpusCapita Solutions Oy
- Sellers
- Posti Group Corporation
- Industry
- Software
- Location
- Finland
- Transaction Type
- Divestiture
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