AnaCap signs agreement with Nets, for the acquisition of its digital in- voice distribution and bill payment solutions business EDIGard

AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor in tech- nology enabled companies across financial and related business services, today announces that it has signed an agreement with Nets, part of Nexi Group, for the acquisition of its pan-Nordic digital invoice distribution platform and bill payment solutions business EDIGard AS (“EDIGard”).

EDIGard is headquartered in Norway and operates across Sweden, Denmark, Finland, UK and Germany. It comprises the EdiEX branded platform and is part of Nets Issuer & eSecurity Services umbrella. The decision to sell EDIGard resulted from a strategic review of the Nexi Group’s perimeter following the completion of the mergers with Nets and SIA.

EDIGard’s software platform ediEX, is an end-to-end invoicing platform that is strongly integrated with clients’ enterprise resource planning (“ERPs”) and accounting software. It enables customers to opti- mise the invoicing process as a whole whilst also providing wider services such as payment service provider (“PSP”) integration, payment reminders and invoice reconciliation.

EDIGard strategically focuses on addressing the invoicing requirements of large enterprises such as banks, utilities, debt collection (low-ticket, high volume, recurring invoices) whilst also serving local SMEs via its partner network.

Tassilo Arnhold, Partner & Alberto Sainaghi, Investment Director at AnaCap, commented:

“We are delighted to sign an agreement for EDIGard and partner with this already strong management team that in recent years has achieved impressive growth across the Nordics. We strongly believe that the business aligns with a number of AnaCap’s core strengths including the continuous demand for the adoption of tech-enabled and digitalisation processes, new payment integration methods and a gen- eral focus on the broader invoicing ecosystem.”

Rune Løbersli, Chief Executive Officer at EDIGard, concluded:

“EDIGard has great scope to continue its recent successes and evolution across the Nordics and further internationalise its offering into additional European jurisdictions. We have found in AnaCap the right partner to continue this expansion given their impressive track record in building businesses with high growth potential in tech-enabled financial services and its activity in the payments sector across Europe more broadly.”