Sodexo – Sale of Sodexo Benefits & Rewards Services’ Business in Nordics

We advised Sodexo when it sold its Sodexo Benefits & Rewards Services’ (BRS) business in the Nordics to ePassi Payments. The sale included Sodexo Pass Sweden and the Finnish company Eazybreak Oy. Bregal Milestone remains the majority shareholder of ePassi Payments Oy. As part of this transaction, Sodexo will reinvest and become a 15% shareholder of ePassi.

Eazybreak is a fast-growing company founded in 2009. The service automates the administration, payment and invoicing of a company’s employee benefits for employees and merchants alike.

Sodexo Benefits & Rewards Services (BRS) in Sweden offers employee and health related services and benefits within the meal & food segment to help employers attract, retain, and motivate talents. With vast knowledge and insights of the value of employees’ well-being, BRS creates and develops innovative solutions for a sustainable and attractive workplace for small businesses as well as for listed and multinational companies.

Founded in 2007 in Helsinki, Finland, ePassi Payments Oy is the leader in account-to-account mobile payments for employee benefits. The unique solution combines all benefits under one mobile application. ePassi now serves over 35,000 affiliated merchants, close to 9,000 employers and nearly 1.5 million employees.

Bregal Milestone is a European technology growth capital firm dedicated to making investments in ambitious, high-growth technology companies. The firm provides growth capital and strategic assistance to support market-leading companies in the technology and technology-enabled services sectors. Bregal Milestone is part of Bregal Investments, who have invested over €15 billion to date.