Allshares Forges Ahead As European Compensation Software Leader With Novare Pay Acquisition

By Author: otis
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Bregal Milestone, a well-known European technology and software private equity firm and majority owner of Allshares, an innovative compensation and long-term incentive software and services provider, has completed the acquisition of Novare Pay and named Michael Ingelög as Chair of the Allshares Board.

Novare Pay, headquartered in Stockholm, is recognized for its high-growth, high-margin European compensation services and strong Nordic roots. The integration of Novare Pay into Allshares expands its digital turnkey offering, benefiting more than 630 clients across over 40 countries. This strategic move solidifies Allshares' position as a top provider of compensation software and services in Europe, with enhanced capabilities in compensation data and analytics, incentives, and governance. Following the acquisition, Novare Pay will undergo a rebranding and operate under the Allshares name.

Erika Andersson, CEO of Novare Pay, expressed enthusiasm about the acquisition, emphasizing the opportunity to improve service delivery with cutting-edge compensation software and drive transformative change in the European compensation ...
... landscape. Cyrus Shey, Co-Founder and Managing Partner at Bregal Milestone, welcomed Novare Pay to the Allshares family, highlighting the partnership's potential to fuel growth and offer leading compensation solutions throughout Europe. Michael Ingelög, appointed as Chair of the Allshares Board, brings a wealth of experience as a CEO and board executive, further strengthening Allshares’ leadership position.

Bregal Milestone is a prominent European software and technology private equity firm, providing growth capital and operational support to develop market-leading technology companies. Allshares is a key player in equity plan design and administration in the Nordics, catering to around 300 multinational public and private enterprise customers in over 100 countries. Novare Pay specializes in remuneration services for multinationals, serving more than 900 clients in over 60 countries.

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