- Intera Partners invested in Rantalainen in 2018
- The transaction will likely close in the first quarter of 2023
- Norvestor is a Nordic private equity firm focused on mid-market buyouts
Norvestor has become the new majority stakeholder in Rantalainen Group, a financial administration services provider, after Intera Partners announced its exit from the company.
Rantalainen, established in 1972, employs 1,200 professionals across over 60 offices in Finland and Sweden.
Intera Partners invested in Rantalainen in 2018 and the firm has seen its revenue increase over two-fold to more than €100 million during the ownership. The firm managed around 60 acquisitions and expanded its operations to Sweden.
“Rantalainen has exceeded the goals we set together at the beginning of our ownership,” said Juhana Kallio, managing partner of Intera. “The company now has a great opportunity to take its next steps in internationalisation and growth with Norvestor as a partner.”
The transaction is expected to be completed in the first quarter of 2023. The financial details of the transaction were not disclosed.
Danske Bank, Finland Branch and Avance Attorneys were appointed by Intera as advisers in the transaction.
Intera Partners, a Finnish private equity firm with a focus on growth and internationalisation, manages three active funds with total capital of €785 million. The funds are invested in 12 portfolio companies with approximately 11,000 employees and combined revenues of €900 million.
Norvestor is a Nordic private equity firm focused on mid-market buyouts. The firm has offices located in Oslo, Stockholm, Helsinki, and Luxembourg.
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