M&A Deal Summary

IK Partners and Ardian Acquire Renta

On November 30, 2021, private equity firms IK Partners and Ardian acquired business services company Renta from Intera Partners

Acquisition Highlights
  • This is IK Partners’ 14th and Ardian’s 34th transaction in the Business Services sector.
  • This is IK Partners’ 10th and Ardian’s 3rd transaction in Finland.

M&A Deal Summary

Date 2021-11-30
Target Renta
Sector Business Services
Buyer(s) IK Partners
Ardian
Sellers(s) Intera Partners
Deal Type Secondary Buyout

Target

Renta

Vantaa, Finland
Renta is a construction machinery and equipment leasing company. The leasable offering covers a wide selection of construction site machinery and equipment and related services. Renta was founded in 2015 and is based in Vantaa, Finland.

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Buyer(S) 2

Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 158 of 191
Sector: Business Services M&A 14 of 24
Type: Secondary Buyout M&A Deals 58 of 74
Country: Finland M&A 10 of 10
Year: 2021 M&A 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Vivalto Sante

Paris, France

Vivalto Sante is an operator of private clinics. Vivalto Sante was founded in 2009 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Dals

Manchester, United Kingdom

Dals is an interpreting and translation services business with a network of thousands of vetted professional linguists, who speak more than 450 languages, from Polish to Abkhaz and Zulu, and complete thousands of interpreting and translation jobs each month. The company offers three core services, face-to-face interpreting, telephone interpreting, and written translation services to corporates, charities, NHS Trusts, and City Councils. Dals was founded in 1998 and is based in Manchester, United Kingdom.

Buy -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 415 of 464
Sector: Business Services M&A 34 of 38
Type: Secondary Buyout M&A Deals 133 of 155
Country: Finland M&A 3 of 3
Year: 2021 M&A 23 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 ACA Group

New York, New York, United States

ACA Group is a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. ACA serves a diverse base of leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and banks. ACA Group was founded in 2002 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Digital Value

Paris, France

Digital Value is a management consulting firm. Digital Value's mission is to assist its clients with strategic or operational issues, based on cutting-edge expertise in data analytics & science, strong credibility in strategic marketing, and a "tool-based" approach to the business. Digital Value was founded in 2008 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Intera Partners

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 585M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Intera Equity Partners is a private equity firm focused on opportunities in Finland and greater Scandinavia. Intera looks for businesses generating sales of €10 to €200 million, operating in growing markets, with committed management, and predictable cash-flows. Targeted transaction situations include ownership restructurings in family-owned businesses, consolidations, as well as traditional buyouts/buy-ins. Intera was formed in 2007 and is based in Helsinki.


DEAL STATS #
Overall 20 of 23
Sector: Business Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 7 of 8
Country: Finland M&A 18 of 20
Year: 2021 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 ARCO

Helsinki, Finland

ARCO is an architectural firm that aims to strengthen the development of the industry. ARCO was formed in 2021 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 HogforsGST

Leppävirta, Finland

HogforsGST is a provider in the manufacture, sale, and marketing of high-quality heating and cooling systems. The company is a supplier of heat substations in the Nordic countries, and its modern Fiksu- and HybridHEAT -heating solutions reduce both emissions and costs caused by heating. The company has a comprehensive sales network throughout Finland and subsidiaries in Sweden and Norway. HogforsGST was formed in 2004 and is based in Leppävirta, Finland.

Buy -