TA Associates and Warburg Pincus acquire employee benefits app Epassi from Bregal Milestone

• J.P. Morgan acted as financial advisor to Bregal Milestone and Epassi while White & Case acted as legal counsel
• Bregal Milestone invests in tech companies
• Bregal Milestone is part of Bregal Investments, a leading global investment platform with over 16 billion euros in assets under management

Bregal Milestone has sold Epassi Group, a Finnish employee benefits app, to TA Associates and Warburg Pincus. No financial terms were disclosed.

Founded in 2007, Epassi has over 13 million users.

“During our ownership, our successful M&A activity helped to expand Epassi’s business into five European markets, cementing our position as one of the leading pan-European employee benefits payments providers,” said Saachi Oza, a principal at Bregal Milestone in a statement.

J.P. Morgan acted as financial advisor to to Bregal Milestone and Epassi while White & Case acted as legal counsel

Bregal Milestone invests in tech companies. Bregal Milestone is part of Bregal Investments, a leading global investment platform with over 16 billion euros in assets under management.