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Translink advises the owners of Finnish SaaS company Silverbucket Oy in the share sale and reinvestment into Danish software company EG A/S

Translink advised the owners of Silverbucket Oy in the share sale and reinvestment into Francisco Partners-backed Danish software company EG A/S

Silverbucket Oy offers a best-of-breed resource management software embraced by industry leaders, enabling customers to move past the Excel spreadsheet environment into a user-friendly subscription-based desktop solution. The solution offers the entire organization access to centralized real-time information on the resource pool, skillsets and availability of resources as well as performance monitoring of the overall organization, individual projects and all the way down to the level of individual employees. The solution is developed for professional services companies in general and is particularly praised among architectural groups and consulting engineering companies. Silverbucket has reached undisputed market leadership in the home market and gained strong traction within key segments across the Nordics, especially in Sweden. Today, Silverbucket has 30 000 users in around 10 countries. The company was founded in 2010 in Tampere.

The owners of Silverbucket look forward to continuing the company’s robust growth together with EG, with the aim of being the obvious tool-of-choice for project resource management.

The acquisition enables EG to enter the Finnish construction industry and adds a strong resource management product to the company’s already comprehensive portfolio within this industry segment.

“Silverbucket fits perfectly into EG Construction’s product range and complements our other financial and project management tools. We will now also offer the new project software to Norwegian and Danish contractors and architects”, says Aleksander Bjaaland, VP, EG Construction.

Translink advised the owners of Silverbucket in the transaction. Janne Kanerva, one of the three co-founders and CEO of Silverbucket comments the cooperation and process with Translink:

We wanted to find a partner that can support our growth in the core markets. All the three of us founders were amazed of the dedication and hard work Translink put to the project. They were our rock during the process and introduced us to EG A/S – a perfect partner to grow with.”

The announced transaction was the 11th cross-border deal executed by Translink Corporate Finance’s Finnish team during the last twelve months. Overall, the team has already completed 12 M&A projects with IT, e-commerce, and technology companies among others over the last twelve months. Please see our previous transactions from our reference page.

Translink has a vast presence throughout the Nordics with more than 25 professionals across Finland, Sweden, Norway, and Denmark and was named the top M&A Financial Adviser on the Nordic M&A leaderboard based on Refinitiv deal statistics. Refinitiv recognized Translink as the leading M&A adviser in the IT and particularly in the Software-as-a-Service and eCommerce industry sectors. Transactions done by Translink in the Nordics during 2021 include, among others, the sale of Clinicbuddy, a recognized Swedish eHealth SaaS company to Main Capital Partners’ portfolio company Alfa eCare, the sale of Norwegian SaaS company Landax to Oslo Stock Exchange listed Ørn Software as well as sale of the majority stake of Finnish HESaaS company to Norwegian private equity firm Norvestor.

 

About Translink Corporate Finance

Translink Corporate Finance is an independent international group dedicated to Corporate Finance and M&A advisory services through our +30 offices representing all key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since the company was founded in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.

About Translink in Finland

Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, Translink’s partners have completed more than 100 M&A transactions in different industries, worked closely together with a number of business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.

About Translink in Denmark

Translink Corporate Finance Denmark / Schrøder Translink, based in Copenhagen, is one of the leading M&A advisors in the Danish M&A market (SME segment). The 3 senior partners combined have participated in more than 200 transactions, many of which have been cross-border transactions. Before entering the M&A industry, all three partners have gained solid management experience, and in combination they possess deep industry insights across a number of industries.

 

For further information, please contact:

Ruben Moring, +358 50 436 1470

Jari Lauriala, +358 40 091 8855

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