Adelis Establishes Circura, Combining Four Rehab Specialists in Sweden

Adelis Equity Partners Forms Circura Danmark with Four Danish Rehabilitation Contractors

February 26, 2025

Construction

Adelis Equity Partners has partnered with four owner-led Danish rehabilitation and construction firms — Arne Pedersen A/S, Lundbæk & Hansen Bygningsforbedring A/S, LKA Entreprise A/S and Egon Olsen & Søn A/S — to establish Circura Danmark A/S, a platform group focused on building improvement and rehabilitation across Denmark. The combined group generates approximately DKK 750 million in revenue and about 400 employees, and plans to expand across Denmark through organic growth and further acquisitions.

Adelis Equity Partners Partners with Håndverkskompaniet to Build Norwegian Rehabilitation Services Group

May 24, 2022

Construction

Adelis Equity Partners has partnered with Oslo-based Håndverkskompaniet to create a leading building rehabilitation and renovation group in Norway. The partnership will position Håndverkskompaniet as a platform for consolidation — targeting two to four add-on acquisitions in the first year and an ambition to double revenue by 2025; financial terms were not disclosed and the deal is subject to customary regulatory approvals.

Adelis Equity Partners Becomes Majority Owner of Säkra AB

October 25, 2019

Insurance

Adelis Equity Partners will become majority owner of Säkra AB as the Swedish insurance brokerage consolidates affiliated offices to form a leading broker focused on P&C, life, pension and savings. The transaction — which is subject to competition and Swedish Financial Supervisory Authority approval — appoints Eva Pantzar Waage as CEO while Säkra's brokers and management remain significant shareholders. Adelis intends to support geographic and product expansion and use Säkra as a platform for market consolidation.

Cinven to Acquire Swedish Insurance Broker Säkra from Adelis

September 6, 2022

Insurance

International private equity firm Cinven has agreed to acquire Säkra, a leading Swedish insurance broker, from majority owner Adelis Equity Partners. Säkra, headquartered in Stockholm, serves over 35,000 SME clients and 115,000 individual customers from more than 60 offices with roughly 350 employees; Cinven plans to accelerate growth through organic initiatives and bolt-on M&A.

Adelis Takes Minority Stake in Group Formed by Crowe Osborne, Frejs Revisorer, RSM Göteborg and Qrev

January 20, 2025

Accounting & Tax

Four Swedish audit firms — Crowe Osborne, Frejs Revisorer, RSM Göteborg and Qrev — have formed a joint group to invest in digitalization, quality assurance and employee development. Adelis Equity Partners will become a minority owner to support strategic investments and growth (including add-on acquisitions); the combined group reports roughly SEK 400m in revenues and more than 200 employees, and the transaction is expected to close in February 2025.

Adelis Equity Partners Acquires Retta (Retta Oy & Retta AB)

September 1, 2025

Real Estate

Adelis Equity Partners (via Adelis Equity Partners Fund IV AB) has acquired Retta Oy and Retta AB, the leading provider of B2B property management and real estate services in Finland and Sweden, taking a majority stake to support the company's next growth phase. Adelis will back Retta's investments in digitalization, capability development and complementary strategic acquisitions to accelerate Nordic expansion.