Add-on Acquisition • Business Services

MIAB Acquires N-Clean

On January 24, 2019, MIAB acquired business services company N-Clean from Juuri Partners

Acquisition Context
  • This is MIAB’s 1st transaction in the Business Services sector.
  • This is MIAB’s 1st transaction in Finland.

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M&A Deal Summary

Date January 24, 2019
Target N-Clean
Sector Business Services
Buyer(s) MIAB
Sellers(s) Juuri Partners
Deal Type Add-on Acquisition

Target Company

N-Clean

Turku, Finland
N-Clean is a provider of cleaning services for hotel and cruise ship cleaning segments. N-Clean cleans almost a million square meters of business premises every week and more than 0.6 million cabins and 2.0 million hotel rooms every year. N-Clean was founded in 2005 and is based in Turku, Finland.
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Buyer Overview 1

Buyer

MIAB

Stockholm, Sweden

Category Company
Founded 1979
Sector Business Services
Employees3,000
DESCRIPTION

MIAB offers window cleaning, floor cleaning, carpet cleaning services nationwide and specializes in providing solutions to the specific needs of different industries. MIAB was founded in 1979 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Finland 1 of 1
Year: 2019 1 of 1

Seller Profile 1

DESCRIPTION

Juuri Partners is a private equity group focused on acquiring and providing financing for growth oriented companies operating in Finland. The Firm looks to commit €5 to €12 million in small to mid-sized companies with €5 to €150 million of revenue. Funds are typically used to support growth opportunities, changes of ownership, or other discontinuation events. Juuri Partners was established in 2015 and is headquartered Helsinki, Finland.


Deal Context for Seller #
Overall 1 of 6
Sector: Business Services 1 of 1
Type: Add-on Acquisition 1 of 5
Country: Finland 1 of 6
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 Flowplus

Tampere, Finland

Flowplus offers flow technology maintenance and repair services to municipal operators as well as energy and industrial customers such as Neste and UPM. Flowplus was founded in 2012 and is based in Tampere, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Profinder

Helsinki, Finland

Profinder is an online consumer and business contact search platform, for prospecting and targeting advertising and sales. It consists of millions of consumer contacts and business representatives, collected from multiple data sources in cooperation with their business partners. Profinder is based in Helsinki, Finland.

Buy -