Bird & Bird advised Administer in its IPO and listing on First North Finland

Bird & Bird acted as a legal counsel for Administer, one of the Finland’s largest providers of financial administration services, in connection with its oversubscribed EUR 14 million initial public offering and listing on First North Finland. The subscription price in the public and institutional offering was EUR 4.86 per share and in the personnel offering EUR 4.38 per share, setting the company’s market value directly after the offering to approximately EUR 69 million. Trading on First North Finland began on 17 December 2021.

In addition, the company’s shareholder Bocap SME Achievers Fund II Ky sold in the aggregate 1,900,890 shares in the Company in connection with the offering and thus achieving a full exit.

“We are extremely satisfied with Bird & Bird’s service. Bird & Bird’s professional and experienced team made the project possible regardless of strict timetable. I would like to convey my thanks especially for the team’s service attitude and flexibility”, says Peter Aho, CEO of Administer.

”Bird & Bird’s professional team was constantly able to take into account all project stakeholders and advise all parties so smoothly that it was easy for us to concentrate and take care of our own part. The team demonstrated tremendous flexibility against tight time schedule and the end result was excellent”, says Julianna Borsos, representative of the selling shareholder Bocap SME Achievers Fund II.

Administer is a Finnish group established in 1985 offering financial management and payroll administration services, consultancy services and software services. Administer provides a diverse range of services enabling Administer to offer its customers both financial management services and HR and payroll administration services as well as consulting and software services. Administer’s aim is to make financial management and payroll administration of its customers efficient and smooth and to provide its customers with a customer experience that exceeds expectations.

Bird & Bird's core team consisted of Mika Puurunen, Laura Huomo, Krista Keinänen and Johanna Rein.

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