M&A Deal Summary

Vitruvian Partners Acquires Aspia

On October 26, 2023, private equity firm Vitruvian Partners acquired business services company Aspia from IK Partners

Acquisition Highlights
  • This is Vitruvian Partners’ 5th transaction in the Business Services sector.
  • This is Vitruvian Partners’ 10th transaction in Sweden.

M&A Deal Summary

Date 2023-10-26
Target Aspia
Sector Business Services
Buyer(s) Vitruvian Partners
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

Aspia

Stockholm, Sweden
Aspia offers accounting, payroll management, HR, consulting, interim consultants and a number of other company-related services. Aspia is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is €40 to €600 million in transactions valued between €75m to €4bn. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 63 of 67
Sector (Business Services) 5 of 5
Type (Secondary Buyout) 14 of 15
Country (Sweden) 10 of 10
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Twinkl

Sheffield, United Kingdom

Twinkl provides over 1 million high-quality online learning materials, supporting educators in over 200 countries. From eBooks to art projects, 3D scientific models to interactive games, unit assessments to gross motor activities, Twinkl has every resource educators need to shine. Twinkl was founded in 2010 and is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Snow Software

Solna, Sweden

Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden.

Sell -

Seller(S) 1

SELLER

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 110 of 121
Sector (Business Services) 12 of 13
Type (Secondary Buyout) 46 of 51
Country (Sweden) 28 of 31
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Valoria Capital

Paris, France

Valoria Capital is an acquisition platform of independent financial advisors. Valoria Capital offers a diversified range of saving products from a wide panel of asset managers. Valoria Capital was founded in 2012 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Kooi Camera Surveillance

Drachten, Netherlands

Kooi Camera Surveillance is a provider of temporary video surveillance (“TVS”) and rising early-detection (“RED”) fire alarm systems, including a range of Units for Observations (“UFOs”). The Company has a strong heritage in renewables and furthermore, serves clients in the construction and infrastructure space, with significant experience in off-grid power-supply such as solar panels and bio-fuel generators. Kooi provides an end-to-end service from technical advice, delivery, installation and 24/7 monitoring through its own alarm centres. Kooi Camera Surveillance was founded in Drachten, Netherlands.

Buy -