The leading Northern European private equity fund, Via Equity, and the largest commercial pension fund in Denmark, PFA Pension Forsikringsaktieselskab, have invested in Advania AB, one of the largest IT providers in the Nordics, and is now part of the ownership group with a 30% holding.
Advania was formed in 2012 through the merger of several Nordic IT companies. Since 2014, when part of the Nordic management group, Nordic Mezzanine and Swedish investors acquired a majority stake, Advania has grown significantly and created good financial results through inter alia the innovative use of IT services and IT platforms.
In 2017 Advania increased its revenues by 60% to SEK 2,804 million, and EBITDA increased by 59% to SEK 258 million. With VIA equity and PFA as a shareholders, Advania is now better positioned for continued organic growth as well as strategic mergers and acquisitions.
Via Equity and PFA was advised by Mannheimer Swartling in the transaction together with the Norwegian law firm Thommessen and the Icelandic law firm Logos.
Mannheimer Swartling’s team was led by Emma Olnäs Fors and included amongst others Johan Ljungberg and Johannes Eklund (M&A), Stefan Perván Lindeborg, Urszula Sieradzka, Ina Söderlund and Mikael Löwnertz (EU & Competition).