Celero Capital closes Special Purpose Vehicle for Reledo with new investor commitments

Celero Capital (“Celero”) is pleased to announce the successful closing of Delore Fund (D) AB, a newly formed Special Purpose Vehicle (the “SPV”) with new investor commitments (the “Transaction”), which has been established to acquire interests in Reledo Holding AB (“Reledo” or the “Company”) from certain selling co-investors and shareholders.

Under Celero’s ownership to date, Reledo has delivered outstanding performance, evolving into the leading Nordic facilities management provider for the small and medium-sized enterprise (“SME”) sector. Since Celero’s initial creation of the Reledo platform in 2023, the Company has grown EBITA significantly by a factor of eleven times – this growth has been driven by a highly effective buy‑and‑build strategy, complemented by strong organic expansion. Reledo continues to outperform its original business plan, both operationally and financially, and is now at a key inflection point ahead of the next stage of its growth journey.

The Transaction allows certain selling co-investors and shareholders the opportunity to realise attractive returns, while enabling Celero to leverage its proven value creation capabilities to support Reledo’s continued expansion across Northern Europe. The SPV also provides additional capital for the Company to continue its successful acquisition strategy across both existing and new markets.

The SPV, which was oversubscribed, is underwritten by one of Celero’s existing investors, Schroders Capital, as Lead Investor, with certain other investors providing additional investor commitments.

Peter Möller, Managing Partner at Celero, commented: “We are very pleased to have the opportunity to partner with our new investors in Reledo and look forward to working with them and our existing investors through the next stage of our ownership of the Company. We would also like to thank the investors who will be selling through the Transaction for their valued support of Reledo up to this point in time.”

Petr Poldauf, Senior Investment Director at Schroders Capital, added: “We are excited to continue our partnership with Celero to support Reledo’s continued growth – consolidating its leading position in the Nordics and driving expansion into new markets.”

PJT Partners served as exclusive financial advisor on the Transaction, with Hansen Advokatbyrå and Andulf acting as legal counsels on the process.

The completion of the transaction is subject to FDI approval.

About Reledo
Reledo was founded in 2023 by Celero through the merger of four individual companies. Since then, the Company has completed 26 acquisitions of entrepreneur led businesses across multiple soft facilities management specialisations. Today, Reledo operates in Sweden, Finland, Norway, and Denmark, and is one of the leading facilities management providers serving the SME sector.

About Celero
Celero is a Nordic private equity firm established in 2022, focused on majority investments in niche market leaders in the lower mid-market. The firm partners with strong management teams to accelerate growth, enhance profitability, and drive operational excellence.

About Schroders Capital
Schroders Capital is the private markets business of Schroders with $111 billion of AUM, providing access to investment opportunities across private equity, private debt and credit alternatives, real estate and infrastructure equity. Leveraging network of more than 300 active GP relationships, Schroders Capital is a leading GP-led specialist in the lower mid-market segment of the private equity market globally, having committed ~$4 billion in more than 120 GP-led transactions since inception.