Accountor Software to Acquire Heeros
11.25.24
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Simpson Thacher is representing Accountor Software, which is majority owned by funds managed by KKR, in connection with its recommended voluntary public cash tender offer for all the shares and options rights in Heeros Oyj (“Heeros”), which was announced on November 22, 2024. The tender offer values Heeros’ total equity at approximately EUR 30.7 million on a fully diluted basis. Completion is subject to certain customary conditions, including the receipt of necessary regulatory approvals and obtaining of control of more than 90% of all outstanding shares and votes in Heeros.
Heeros is a pioneer in SaaS corporate software with a mission to develop software for streamlined business management, with its shares admitted to trading on Nasdaq First North Helsinki. The tender offer follows Accountor Software’s acquisition of certain enterprise resource planning (ERP) subsidiaries and assets of 24SevenOffice, which was announced on November 12, 2024, and supports its ambition to become one of the leading pure-play business software companies in the Nordics.
The Simpson Thacher team includes Clare Gaskell, Laura Harris and Sam Moon (Corporate – U.K.); Nick Shaw (Corporate – U.S.); Étienne Renaudeau and Pauline Patat (Antitrust); and Meredith B. Jones (Tax).