Simpson Thacher is representing Accountor Software, which is majority owned by funds managed by KKR, in connection with its acquisition of certain enterprise resource planning (ERP) subsidiaries and assets of 24SevenOffice, which was announced on November 12, 2024. The purchase price for the target business is equal to its enterprise value of approximately SEK 2.4 billion, subject to customary closing balance sheet adjustments. Closing is subject to receipt of necessary clearances or approvals from the relevant competition authorities, approval by the Company’s shareholders and the completion of necessary separation steps, and is expected to take place by the end of 2024, subject to the timing of regulatory approvals.
The Simpson Thacher team includes Clare Gaskell, Alex Ward, Tom Kannan and Edward Wilson (Corporate – U.K.), Étienne Renaudeau and Pauline Patat (Antitrust), Sarah Lindley and Daniel Griffiths (Tax), and Lori E. Lesser, Christian Bond and Kate Mirino (IP).