We advised leading Nordic PE house Norvestor on its acquisition of majority ownership in Rantalainen, a leading Nordic full-service provider of outsourced accounting and payroll services with revenues in excess of EUR 100 million. Rantalainen is a good match with Norvestor’s experience in supporting business services companies with a strong drive and ambitious Nordic growth plans.
Norvestor has been supporting companies entering new geographies, acquiring complementary businesses, and executing digital strategies for over three decades. Norvestor believes that contributing to the growth and development of sustainable companies creates long-term value.
Rantalainen is the largest financial administration services provider in Finland, serving 20,000 SMEs within a fragmented Nordic business process outsourcing market. The company’s services comprise outsourced accounting and bookkeeping services, payroll administration and HR services as well as expert services. Rantalainen is currently aiming to pursue further geographical expansion in the Nordics.