Bregal Milestone exited its investment in the leading global procure-to-pay SaaS business Basware, representing the firm’s second successful exit of 2020.
The transaction closed on 23 November. Bregal Milestone was advised by Deloitte in connection with the transaction.
Jan Bruennler, Managing Partner of Bregal Milestone commented:
“We want to extend our sincere thanks to Michael, Ilkka, Klaus, and the rest of the Basware team for the partnership over the past years. Basware has executed on its strategy and delivered strong and profitable cloud revenue growth. We wish Basware continued success on their journey.”
Michael Ingelög, Chairman of Basware commented:
“Bregal Milestone have been a highly engaged partner from day 1. Rob Hetherington of Milestone Performance Partners brought to Basware practical experience and support which helped us continue our successful cloud transition.”
Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware is a global company doing business in more than 100 countries and is traded on the Helsinki exchange.
About Bregal Milestone
Bregal Milestone is a growth capital firm managing a €495 million pan-European fund dedicated to making investments in high-growth European companies. The firm provides growth capital and strategic assistance to support market-leading companies in the technology and technology-enabled services sectors. Bregal Milestone is part of Bregal Investments, who have invested over €15 billion to date
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