Vitruvian Partners has acquired leading European digital signature and identity solutions business Scrive.
Bird & Bird has assisted leading growth investor Vitruvian Partners in the acquisition of Scrive, one of Europe’s leading providers of electronic signature and identity solutions, with more than 3,000 customers across 30 countries.
In parallel with the capital raise to finance Scrive's continued expansion across the Nordics, the UK, Germany and the Benelux region and support further development of its e-sign and eID platform, Vitruvian has together with management acquired all outstanding shares of the company from non-active shareholders.
Vitruvian Partners is a London-based international investment firm with further offices in Stockholm, Munich, Luxembourg, San Francisco and Shanghai. Vitruvian has a strong presence in the Nordics and focuses on market-leading high-growth companies in industries spanning information technology, financial services, life sciences & healthcare, media, and business and consumer services. With its unique Nordic offering and expertise, Bird & Bird has assisted Vitruvian in several strategic investments in the Nordic region, as well as in Germany, over the past years.
Scrive’s cloud-based platform provides agreement lifecycle automation powered by electronic signatures and identification solutions. More than 3,000 customers worldwide rely on Scrive to sign agreements with and identify their own customers and partners, driving security, compliance, data quality and customer experience. Founded in 2010 and headquartered in Stockholm, Scrive has over 100 employees, local offices in the Netherlands, Norway and Denmark, and customers in more than 30 countries. Over 20 million documents are processed on the platform each year.
Bird & Bird's core team consisted of Mårten Willamo, Caroline Grotenfelt, Sebastian Westerling and Elisabeth Zhou, with the assistance of Carl-Magnus Uggla, Morten Nissen, Mikko Ahonen, Marcus Lorentzon, Karin Söderberg, Lucas Magnusson, Michael Butler, Arvid Bard Bringéus, Sofia Ekeryd and Johan Bohm.