Clearwater International advises Ordina on the sale of Finext to management

Clearwater International has advised Ordina N.V. (Ordina), who aim to improve the business processes of Dutch and Belgian enterprises, on the sale of its wholly owned subsidiary, Finext, specialist in making tangible improvements to its customers’ financial functions, to approximately 70 professionals working at Finext.

With over 3,300 employees, Ordina offers advisory services, develops supporting applications, and provides outsourcing services, including IT. The company was incorporated in 1973 and is quoted on Amsterdam’s Euronext Stock Exchange.

Customers consult Finext to improve organisational control, cost control, transparency, and risk management.

The sale of Finext was prompted by Ordina’s strategic choice to focus fully on its core activities in the areas of consulting, ICT, and outsourcing. As an independent entity, Finext now has a solid foundation for further growth in line with its own strategy.