Söderberg & Partners has agreed to close a new share issue, raising approximately EUR 265m (SEK 3bn). The new growth investment is covered through funds and assets managed by the global investment firm KKR and private equity firm TA Associates. Following the new share issue, Söderberg & Partners will continue to be controlled by its founders and chairman of the board and supported by KKR and TA.
The new capital will be used to support Söderberg & Partners’ continued expansion where Söderberg & Partners is currently active, with a particular focus on the United Kingdom and Spain.
Commenting on this, Söderberg & Partners CEO and co-founder, Gustav Rentzhog, said: “We see that our venture in the UK is working, and we now want to scale it up even faster. We see many opportunities and have high ambitions to become one of the leading players in the UK within a few years. Our focus area right now is to create significantly more efficient administration in our companies by applying the technology used within our organization, which we know works.
“The Spanish market is in need of long-term investments, and we see that our concept and model are working and are well-received. We have now built a local team to take advantage of expansion opportunities more quickly.”
KKR managing director, Hans Arstad, added: “Söderberg & Partners has continued to successfully expand its platform across Europe, further developing its product portfolio and enhancing its proven capabilities. We are proud of the strong partnership we have established with Gustaf and the exceptional team at Söderberg & Partners, and we look forward to continuing our work with them over the years to come.”
TA managing director and co-head of business services, Chris Parkin, concluded: “TA initially invested in Söderberg & Partners ten years ago when it was a Swedish-only business. Since then, Gustaf and team have rolled out their unique model not only in the Nordics, but also across the Netherlands, Spain and the UK. We’re delighted to make an additional investment into this exciting platform and look forward to supporting its next chapter of international expansion.”
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