Ilkka Oyj: Acquisition of Custobar Oy
Eversheds advised Ilkka Oyj, a marketing and technology company listed on Nasdaq Helsinki, on its acquisition of the entire share capital of Custobar Oy, a consumer-focused customer data platform (CDP) and marketing automation provider operating on a SaaS model.
The acquisition supports Ilkka’s strategic objective to become a key technology, data and marketing player in Northern Europe, further strengthening the group’s data and technology business area. The deal had an enterprise value of EUR 12 million. Custobar will continue to operate under its own brand and existing contracts, with its current management.
Ilkka group CEO Olli Pirhonen commented: “This acquisition continues our strategic path of digital growth and further improves our ability to serve our clients’ needs comprehensively. Custobar’s CDP solution further complements our role as the most effective partner in our clients’ marketing and sales.”
Our work covered the full legal scope of the transaction. Our team was led by partner Kirsi Karvonen, together with Josefina Lind and Otto Michelsen.
Key contacts
Kirsi Karvonen
Kirsi Karvonen advises clients primarily on M&A and corporate transactions, including asset transfers, share exchanges, mergers, and demergers. Over the course of her career, she has been involved in hundreds of diverse transactions and corporate arrangements. Kirsi also has extensive experience in private equity investments and has advised numerous private equity funds.
