Sentica Partners exits Silta

Following the deal, Silta will become a part of the Administer group, and the company's current name and brand will remain unchanged.

The deal is funded by Finnish venture capital firm Bocap's fund, which simultaneously announced the acquisition of a €5m minority stake in Administer via its Arvonkasvattajat II fund. Nordea and Elo Mutual Pension Insurance Company also contributed to the investment.

With the acquisition of Silta, the aggregate net sales of Administer are expected to grow to around €50m in 2018, and the number of staff will increase to 700. The new group has activities around Finland, as well as in Stockholm and Tallinn.

Based in Helsinki and founded in 1985, Administer is a financial administration services company. The company posted a turnover of €20m in 2017 and employs a staff of 400.

Previous funding
Sentica Partners bought a majority stake in Silta in May 2012. The management team remained in their current positions and retained a minority shareholding in the company. Sentica acquired its stake from Logica Suomi, Varma Mutual Pension Insurance Company and Sampo.

Company
Founded in 2001 and headquartered in Helsinki, Silta provides payroll management and related consulting services. The company employs a staff of 270 and generated a turnover of €19m in 2017.

People
Bocap Private Equity – Julianna Borsos (founder).
Administer – Peter Aho (managing director).
Silta – Tatu Tulokas (managing director).

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• Topics
• Exits
• Expansion
• Nordics
• Financials
• Finland
• Sentica Partners
• Trade sale