LeadDesk completes sale of minority stake in ProFinder
LeadDesk Plc Press Release 29.11.2024 at 10.05 am
LeadDesk completes sale of minority stake in ProFinder
LeadDesk has finalised the sale of its remaining minority stake in ProFinder to Ilkka Plc, completing the divestment process that began with the sale of a majority stake to Juuri Partners in 2019. Ilkka has acquired the entire share capital of Rootfon Oy ("Profinder"), a portfolio company of Juuri Fund I Ky, through a transaction completed on 29th of November 2024.
The remaining ProFinder shares, valued at 874k€ on LeadDesk’s balance sheet, have been sold to Ilkka for approximately 2.5M€. This transaction values the entire ProFinder business at approximately 20M€. LeadDesk treats the non-recurring capital gain from the shares as financial income and this has no effect on the guidance given by the company.
“The sale of our remaining stake in ProFinder to Ilkka represents the next logical step in the company’s journey. Profitable SaaS companies are generally valued at approximately 4x their annual revenue. This valuation of ProFinder aligns with typical market standards, and we are satisfied with the outcome. We are proud of the strong foundation ProFinder has built and look forward to seeing its continued success,” says LeadDesk CEO, Olli Nokso-Koivisto.
More information
Olli Nokso-Koivisto, CEO, LeadDesk Plc
+358 44 066 5765
olli.nokso-koivisto@leaddesk.com
Certified advisor:
Oaklins Finland Oy, tel. +358 9 6129 670
LeadDesk Plc in brief
LeadDesk is a leading European provider of cloud-based contact centre software. The LeadDesk cloud service, powered by artificial intelligence, improves customer experience and sales productivity. Over 20,000 customer service and sales professionals work more efficiently with LeadDesk weekly. In 2023, the Group's revenue was EUR 29.4 million, most of which came from outside Finland. The Group has offices in eight European countries. LeadDesk Plc's shares are traded on the Nasdaq First North Finland marketplace under the ticker LEADD. www.leaddesk.com