Norvestor Acquires Majority Stake in Rantalainen Group Oy

Norvestor VIII SCSp has signed an agreement to acquire a majority of the shares in Rantalainen Group Oy, Finland’s largest provider of outsourced accounting and payroll services. Rantalainen, headquartered in Hyvinkää, serves about 20,000 SMEs, employs ~1,200 people across 60 locations and generated over EUR 100 million in 2022; Norvestor will become the largest shareholder following the acquisition from Intera Fund III Ky and Oona Capital and aims to pursue a Nordic buy-and-build strategy.