Providence Strategic Growth acquires Sympa

Nordic investor Alfvén & Didrikson, which has backed Sympa since 2016, will retain a minority stake alongside the company's founding team.

PSG deployed capital from its new growth fund, Providence Strategic Growth Fund Europe, which has so far raised £650m and has not reached a final close yet. 

Unquote understands the deal was a proprietary one and will help Sympa's next phase of growth, focused on product enhancement and strategic M&A to expand across Europe.

PSG team members Edward Hughes, Aldo Mareuse and Tobias Richter have joined Sympa's board of directors.

PSG declined to comment. 

Company
Founded in 2005 and headquartered in Vantaa, Sympa is a provider of human capital management software to more than 700 businesses, including Oatly, BMW, Dustin and Byggmax. The company employs 140 employees and generated revenues of around €10m in 2019. 

People
Providence Strategic Growth – Edward Hughes (managing director). 
Sympa – Keijo Karjalainen (co-founder, CEO).

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