HR-Friend has acquired the Sweden-based company Varbi to join the newly formed HR tech group thus far consisting of Workbuster and Grade. Varbi is a leading applicant tracking system (ATS) solution and recruitment marketing provider to public and enterprise customers in the Nordics and Benelux. The lead shareholder of HR-Friend is Norway-based investor Viking Venture, specialized in investments in Nordic B2B software companies, and the acquisition of Varbi forms part of Viking Venture’s establishment of a HR tech stronghold in the Nordics.
Lindahl acted as legal and tax adviser to HR-Friend / Viking Venture on the Swedish elements of the transaction. Lindahl’s team consisted mainly of Moritz Veller, Nicklas Bexelius, Ottilia Boström, Asta Schulz, Joakim Lundin and Anna Romell Stenmark.
For further information about the transaction, please see the official press release by Viking Venture.