Law firm Stephenson Harwood LLP has advised Nomentia's management team in connection with its sale to Inflexion.
Inflexion has agreed to acquire a majority stake, through its Inflexion Buyout Fund VI, in Nomentia from current investors PSG Equity and Verdane. Helsinki-headquartered Nomentia is a European treasury and cash management software provider, which offers solutions on bank connectivity, payments, cash visibility and forecasting, trade finance, and risk and reporting. These solutions are used in more than 80 countries and the company currently processes more than €1.2 trillion of payments through its bank connections annually.
The transaction is subject to regulatory approvals.
The Stephenson Harwood team was led by private equity partner Malcolm MacDougall, who was supported by managing associates Chris Manning and Lucy Thorpe, associates Kunal Shah and Grant McGregor, and paralegal Harry House.