Priveq Investment and founder Johan Tilander divest Office Management to Inter IKEA Investments. The transaction marks the end of a very good cooperation, characterized by growth and development which has made Office Management very well prepared for further Nordic expansion.
Office Management is a leading Nordic full-service supplier within IT, communication and office. Office Management has approximately 350 employees and offices in Stockholm, Gothenburg, Malmö, Helsingborg, Gävle, Luleå, Oslo and Helsinki. The company offers full-service solutions within the areas of document management, telephony, video, IT-solutions and facility services.
Office Management has displayed strong organic growth during Priveq Investment’s ownership, coupled with a number of strategic acquisitions and has increased turnover from approximately SEK 600 million to SEK 900 million. Profitability has increased during the same period, at the same time as significant investments have been made in the organization. At the time of Priveq Investment’s acquisition, operations were started in Norway and Office Management has during the holding period also expanded to Helsinki through acquisitions. Significant efforts have also been taken to prepare the company for a continued strong expansion on the Nordic markets and Office Management is today very well prepared to take the next expansive step.
Keystone Advisers acted as advisor to the buyer in the transaction.
Keystone Advisers is a fully independent Corporate Finance firm offering advice related to mergers and acquisitions (M&A), divestitures, as well as various financing arrangements. The firm has advised on approximately 150 transactions to a variety of different clients in a number of sectors since the inception in 2000. Keystone Advisers is a Partner owned firm and where the founders have experience from Investment Banking and Management Consulting from some of the largest global institutions. We are a team of 12 professionals at the Stockholm office and in addition we have an own organization in the Baltic countries. Keystone Advisers aims to be the leading mid-market M&A advisory firm in the Swedish market.