- IK acquired Aspia in 2018
- IK is a private equity firm focused on investments in the Benelux, DACH, France, Nordics and UK
- Vitruvian is an international investment firm with around €15bn in assets
Stockholm, Sweden-based Aspia was formed in 2018 when IK VIII Fund made a series of acquisitions: PwC’s business services division in Sweden, KPMG’s accounting and payroll business in Sweden and Skeppsbron Skatt.
Aspia has broadened its customer base, expanded its service offering and enhanced its presence across the Nordics with IK’s support, according to a release.
“As the financial and regulatory environment for businesses is becoming increasingly complex, Aspia has built an unrivalled combination of leading outsourcing services and digital tools to act as a trusted partner to companies in the Swedish and Nordic business community,” said Jussi Wuoristo, partner at Vitruvian.
Vitruvian will support Aspia to continue its growth across multiple markets and service areas, in addition to investing in the digital platforms available to its customers, the release said.
IK is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. It is based in London.
Vitruvian is an international investment firm with offices across London, Stockholm, Munich, Madrid, Luxembourg, San Francisco and Shanghai. It has around €15 billion of assets under management.
The transaction is subject to regulatory approvals.
No financial terms of the transaction were disclosed.