Allshares, formerly known as Evli Alexander Incentives (EAI), has received a majority growth investment from Bregal Milestone, a leading European software and technology growth private equity firm. The deal will enable Allshares to expand its market presence and product offerings in the compensation and long-term incentive space.
Allshares is a spin-off from Evli Group, a leading Nordic wealth manager, which will remain a minority strategic investor. Allshares provides an end-to-end digital turnkey solution for equity plan management to about 300 multinational public and private enterprise customers in more than 100 countries. Its proprietary software and services help companies and participants administer share plans in compliance with relevant regulations, legal, and tax frameworks, as well as deliver seamless and automated IFRS reporting.
The CEOs of both Allshares and Bregal Milestone expressed their excitement and confidence in the partnership, which they believe will create significant value for their clients, employees, and shareholders. They also highlighted the increasing adoption of software and data products across all compensation and benefit categories and the market leading position of Allshares.
The terms of the transaction were not disclosed. The transaction is subject to customary closing conditions. Castrén & Snellman and White & Case acted as legal counsel to Evli Group and Bregal Milestone, respectively.
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