Divestment of Silkeborg Data

Carnegie acted as exclusive financial adviser to Jyske Bank

Carnegie advised Jyske Bank in the divestment of Silkeborg Data to Axcel. Silkeborg Data is a leading application service provider of payroll and HR systems to Danish Regions and Municipalities and handles more than 400,000 salary and pension payments to employees in the public sector every month. Since 2007, the Company has focused on increasing its presence in the municipality market and has succeeded to increase the number of municipality customers from two, in 2007, to 26, today. At the same time Silkeborg Data has maintained its leading market position within Regions where it has four out of five Danish regions as customers.

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