Hartwall Capital to Accelerate Linkity’s Growth as a Leader in Payroll and Workforce Management
February 10, 2025
The Eversheds Sutherland team, led by Partner Antti Husa, acted as the legal advisor to Linkity Oy and its shareholders in a transaction that strengthened the company’s ownership structure through growth financing from family-owned investment company Hartwall Capital. As a result of the transaction, Hartwall Capital becomes a significant shareholder in the company.
Linkity Oy is a Finnish SaaS company offering a comprehensive solution for automating HR’s most critical and complex processes—from shift planning and time tracking to collective agreement (TES) interpretations and payroll processing. Our long-term client, Linkity Oy, has been growing at an annual rate of over 50% in recent years, and Hartwall Capital’s growth financing will further accelerate this expansion.
Comments on the Transaction
Antti-Pekka Vepsäläinen, Co-founder and CEO of Linkity Oy:
"Our long-standing collaboration with Eversheds Sutherland enabled highly smooth and dynamic process management. Their team’s strong experience and deep understanding of the unique characteristics of the SaaS business played a key role in efficiently executing the transaction alongside other advisors."
Antti Husa, Partner at Eversheds Sutherland:
"It has been a pleasure to follow Linkity’s business development as an advisor for several years. The collaboration during this transaction was intense but always conducted with mutual respect among all parties involved. I believe that Linkity’s shareholders have gained an excellent ownership partner in Hartwall Capital, and with the agreed growth financing, the company is well-positioned to take its organization to the next level while continuing to expand and develop its industry-leading product."
The transaction team, in addition to Antti, included Senior Associates Linda Stenroth, Lavinia Husa, and Petra Snäll, as well as Specialist Counsel Tiina Koivisto.
Read more on Linkity website (in Finnish).