EG A/S, a portfolio company of Francisco Partners, has agreed to acquire Edlevo and HR & Payroll from Tieto Indtech

Edlevo

Edlevo is a comprehensive digital education platform that supports school administration, teaching and communication across the entire education lifecycle. It offers tools for scheduling, student documentation, learning environments and interaction with guardians, designed to simplify everyday tasks for educators and administrators while handling sensitive educational data securely.

HR & Payroll

The HR & Payroll business comprises specialized systems for managing core human resources and payroll processes, including solutions like Primula and eCompanion that are tailored to the needs of large public organizations and municipalities. These systems are built to handle complex payroll requirements and secure employee data while supporting efficient HR operations within sizeable, regulated environments.

The Deal

Lincoln International acted as the exclusive financial advisor to EG and Francisco Partners, providing strategic advice, comprehensive market insights and valuation support throughout the transaction, drawing on the firm’s deep sector expertise in educational technology and HR software. The deal expands EG’s footprint into the Swedish and Finnish education market and strengthens its HR & payroll offerings in the Swedish public sector.

Our Perspective

Thomas Wrangsjö, Lincoln International Technology Group Managing Director who led the transaction, commented, “We are pleased to have supported EG and Francisco Partners in the acquisition of these two high-quality software businesses from Tieto Indtech. The assets hold leading positions in education administration and public-sector HR & payroll, supported by business-critical functionality and long-standing customer relationships. We look forward to seeing the businesses continue to develop under EG’s ownership.

Tieto

Tieto is a leading software and digital engineering services company with global market reach and capabilities. They provide customers across different industries with mission-critical solutions through specialized software businesses Tieto Caretech, Tieto Banktech and Tieto Indtech, as well as digital engineering business Tieto Tech Consulting. The company has 14,000 talented vertical software, design, cloud and AI experts, dedicated to empowering customers to succeed and innovate with latest technology. Tieto’s annual revenue is approximately €2 billion. The company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs.

EG A/S

EG is a market-leading vendor of Nordic vertical software. EG delivers industry-specific standard software that automates tasks and processes, freeing up time and resources for customers to focus on their core activity enabling them to become industry leaders. In 2024, Group revenue was DKK 2.5 billion and EG employs 3,000+ people primarily in the Nordics.

Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in over 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With over $50 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

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