Norvestor Acquires Majority Stake in Rantalainen Group Oy

Rantalainen Group Acquires Norway-based Value Group

October 30, 2024

Accounting & Tax

Rantalainen Group (majority-owned by Norvestor) has agreed to acquire Value Group, a fast-growing Norwegian accounting, payroll and HR services provider that generates NOK 200 million in revenue and employs about 180 professionals. The add-on deal — expected to close in Q4 2024 — furthers Rantalainen's Nordic expansion and strengthens its capabilities for consolidation across the region.

Rantalainen Group Acquires Klara Consulting in Sweden

September 1, 2023

Accounting & Tax

Rantalainen Group, majority-owned by funds managed by Norvestor, has acquired Klara Consulting Holding AB, a leading Swedish accounting, payroll and HR services provider. The add-on deal — Rantalainen's largest to date — closed on 1 September 2023, increases Rantalainen's presence in Sweden, and leaves Ceder Capital and certain key employees as minority shareholders.

Norvestor Acquires Majority Stake in Wint Group AB

October 25, 2024

Accounting & Tax

Norvestor IX has signed an agreement to acquire a majority of the shares in Wint Group AB, a Gothenburg-based provider of automated cloud accounting and payroll software for micro and small businesses. Wint generates over SEK 140 million in ARR, serves ~4,500 customers, employs about 100 people, and Norvestor will become the company's largest shareholder following the transaction (expected to close Q4 2024).

Norvestor Acquires Majority Stake in Pinja Group Oy

November 22, 2021

Software

Norvestor VIII SCSp has signed an agreement to acquire a majority of the shares in Pinja Group Oy, a Finnish industrial software and digitalization services provider headquartered in Jyväskylä. The transaction will make Norvestor the largest shareholder while Pinja's management and key employees retain stakes; the deal is intended to accelerate Pinja's internationalization and M&A-driven growth across the Nordics and Germany and is expected to close around year-end.

Norvestor Acquires Majority Stake in Xllnc Nordic AB

February 5, 2019

IT Services

Norvestor VII L.P., managed by Norvestor Equity AS, has acquired a ~55% majority stake in Xllnc Nordic AB, a Växjö-headquartered provider of IT lifecycle management and device-as-a-service solutions. Management and employees retain the remaining shares; Xllnc has ~200 employees and reported c. SEK 1,300 million in revenue in 2018 as Norvestor supports the company's Nordic growth and service development.

Norvestor Acquires Majority Stake in BST Group from IK Partners

November 8, 2021

Industrial Services

Norvestor VIII has agreed to acquire a majority stake in BST Group Nordic AB from IK Partners' Small Cap II Fund; financial terms were not disclosed. BST, a Stockholm-based full-service active fire protection provider with ~430 employees and pro forma revenues of about SEK 900 million, will see Norvestor become the largest shareholder while management and key employees remain invested.