AGC Partners Advises Origo on Majority Financing of Its Tempo Subsidiary

AGC Partners is pleased to announce that its client, Origo (NASDAQ OMX: ORIGO), a longstanding IT services and solutions provider to enterprises in the Nordic region, has completed a majority financing of its Tempo business with Diversis Capital at a $62.5M total valuation. Tempo, headquartered in Iceland, is a leader in productivity-enhancing project management solutions. As part of the transaction, Diversis Capital will invest $35M for a 55% controlling stake in Tempo. This is the largest private equity financing in Iceland in 2018, and together with M-Files, the largest private financing in Finland in 2016, it further solidifies AGC's position as a leading advisor to tech companies in the Nordic region. Origo will retain a 45% stake in Tempo, and remains an important partner. Origo believes that Diversis' financial support and software operating expertise will add material value to the new partnership. With a team led by Fred Joseph, AGC Partners acted as a sole financial advisor to Origo.