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New Keystone Advisers transaction: IK Investment Partners invests in Ramudden
IK Investment Partners’ ("IK") IK VII Fund invests in Ramuddenbolagen AB (“Ramudden” or the “Company”), a leading specialist provider of temporary traffic control services in the Nordics.
The partnership between IK and the Company’s founder and management will enable the business to grow and strengthen further. Financial terms of the transaction are not disclosed.
Ramudden, founded in 2005, and based in Sundsvall and Gävle, Sweden, delivers products and services for temporary traffic control solutions, including the rental of essential equipment (such as traffic barriers and guide signs), traffic arrangement plans, education programmes, surveillance and maintenance services. The Company is the leading specialist in Sweden and is also present in Norway (since 2009) and Finland (since 2012). Ramudden’s customers are mainly civil engineering contractors and construction companies. Total revenue for the year ended 2013 amounted to SEK 239 million.
Completion of the transaction is subject to legal and regulatory approvals.
Ramudden is the fourth investment by the IK VII Fund, which invests in pan-European mid-sized companies that have strong profit improvement potential. The fund closed in October 2013 with total commitments of EUR €1.4 billion. The other three investments are: Hansen Protection, the Norwegian specialist in survival suit rental; Ampelmann, a market leader in rental of Motion Compensated Gangway (MCG) systems to the offshore energy sector based in the Netherlands; and VPS, a global leader in fuel management services.
Keystone Advisers acted as advisor to IK Investment Partners in the transaction.
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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 140 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 Corporate Finance 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.
