Bregal Milestone, a prominent private equity firm specializing in technology and software investments, has solidified the position of its portfolio company, Allshares, as a European leader in compensation software by acquiring Novare Pay. Novare Pay, which has established itself as a major player in compensation services with Nordic origins, is celebrated for its growth trajectory and high-margin performance. Allshares, widely acknowledged for its equity plan design and administration, will subsume Novare Pay, enhancing its services and expanding its client base to include over 630 organizations in more than 40 countries globally, post-acquisition. With the acquisition, Novare Pay will be rebranded to operate as Allshares, enriching Allshares’ service offerings with an extensive range of compensation data, analytics, and governance solutions. Commentaries from leaders of both Bregal Milestone and the acquired entity echo a sentiment of mutual benefit and strategic enhancement. Erika Andersson, CEO of Novare Pay, sees the acquisition as a catalyst for transforming European compensation frameworks, while Cyrus Shey, Co-Founder of Bregal Milestone, views the consolidation as an avenue to re-affirm Allshares’ commitment to premier compensation solutions that drive high performance among their private and publicly listed clientele. Further strength is drawn from the appointment of Michael Ingelg as Chair of Allshares, bringing his extensive CEO experience and regional market expertise to the forefront of the company’s strategic direction. Although financial terms were not disclosed, the transaction is set to meet standard closing conditions. Bregal Milestone is part of Bregal Investments, with assets under management exceeding 18 billion and has been lauded as one of 2023’s Top Growth Equity Firms.

Private Equity, Technology and Software, Professional Services,Europe, Nordics, United Kingdom