Visma, a Norwegian business software and outsourcing services provider, makes a significant investment in the Finnish receivable management market through the acquisition of Pappila Penkkala Group (PPG). PPG specializes in order-to-cash (OtC) outsourcing, optimizing the cash flow of its clients’.
Lion’s share of PPG’s revenue comes from the OtC outsourcing and the rest from the corollary services, such as legal an accounting services. PPG has grown rapidly in the last few years but owing to its highly automated receivable management process it is tuned for even steeper growth curve.
“Joining the Visma family is a natural phase in PPG’s growth strategy. Both companies share a common, extremely hungry corporate culture. This acquisition brings great possibilities to enter new market areas and to reach larger client segments”, says the CEO of PPG, Matias Mäenpää.
Translink Corporate Finance acted as an advisor for the shareholders of PPG. PPG’s CEO Mäenpää was impressed by Translink: “Translink indeed reached their value proposal. We are extremely satisfied that we chose Translink to act as our advisor, as Translink proved utmost competent, flexible and trustworthy sparring partner. Thanks to their international contacts and unique expertise, the final terms of the transaction improved significantly. The end result exceeded our original goals for the arrangement.”
Translink Corporate Finance Oy
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