Investment Summary

Exits Proffice

On December 8, 1999, invested in staffing company Proffice from Reiten & Co

Investment Highlights
  • This is transaction in the Staffing sector.
  • This is transaction in Sweden.
Investment Fate
  • Proffice was sold to a financial buyer in 2009.
  • Proffice was sold to a publicly-traded strategic buyer in 2015.

Investment Summary

Date 1999-12-08
Target Proffice
Sector Staffing
Sellers(s) Reiten & Co
Deal Type IPO

Target

Proffice

Stockholm, Sweden
website
Proffice is a provider of temporary staffing, recruitment, outsourcing, and career & development services. Proffice was founded in 1960 and is based in Stockholm, Sweden.

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Seller(S) 1

SELLER

Reiten & Co

Oslo, Norway

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Reiten & Co is a Norwegian private equity firm that targets control investments in middle-market Scandinavian companies. Reiten looks for businesses with strong management, solid cashflow, and operating in a growing industry. The Firm's target investment size is €10 to €40 million per transaction. Reiten was formed in 1992 and began investing in 1996. The Firm is based in Oslo.


DEAL STATS #
Overall 1 of 17
Sector (Staffing) 1 of 1
Type (IPO) 1 of 4
Country (Sweden) 1 of 2
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-27 Grilstad

Ranheim, Norway

Grilstad is a provider of fresh meat products. Grilstad’s main customers are retail store chains, foodservice distributors, and wholesale industrial consumers. Grilstad was established in 1983 and is based in Ranheim, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 Song Networks Holding AB

Albertslund, Denmark

Song Networks Holding AB is a provider of broadband solutions for data communication, Internet and voice to medium sized and large companies in the Scandinavian telecom market.

Sell -