Capstone Headwaters advised Lantern, a revolutionary financial technology company, on its acquisition by a leading financial lending corporation. The buyer and terms of the deal were not disclosed.
The seller offers a flexible platform that uses transformative technology to empower customers in their credit decision-making process. They are a financial technology company partnering with lenders, banks, strategic partners, and credit reporting agencies to provide a proprietary platform that enhances the existing financial infrastructure.
The buyer provides tailored financial products and solutions to several hundred thousand members for borrowing, saving, spending, investing, and protecting their income.
This is one of several transactions Capstone Headwaters has recently advised in the Fintech industry.
David Francione, Managing Director, for Capstone Headwaters’ Financial Technology Practice, commented
“You have two of the best-of-breed companies in their respective markets and by combining the technology with the buyer’s footprint will provide a very differentiated offering in the marketplace."
SysTech had sales of approximately SEK 54 million during the financial year 2021 with an EBITDA of approximately SEK 10.1 million. In 2021, the Company has won a number of major procurements in public administration that will be delivered until 2025.
The shareholders of management consult, a leading market research and consulting company, have sold a majority stake to Rhein Invest as part of a succession plan and reorganization of the shareholder structure
Hydroscand Group AB has acquired 100% of the shares in Anderstorp Hydraulik AB, one of Sweden's leading companies in hydraulic systems and maintenance. The company has a turnover of approximately SEK 75 million, with good profitability. Its head office is in Anderstorp, Sweden.
