Adelis Equity Partners takes majority stake in Knightec

Company founders Dimitris Gioulekas and Hakan Jarnbjer will stay on as significant shareholders and will continue in their respective roles of CEO and business unit manager.

As part of the transaction, members of the management team and a number of employees also acquired a minority stake in the group. Knightec plans to continue its expansion, both in Sweden and internationally.

Launched in 2012 in Stockholm, Adelis is currently investing from its maiden fund Adelis Equity Partners Fund I, closed on €410m in 2013. The vehicle typically invests in small and medium-sized Nordic businesses with revenues ranging between €30-400m.

The transaction is subject to approval by the relevant authorities.

Company
Founded in 2003, Knightec is an engineering consulting business operating within the automotive, life sciences, defence, energy, packaging and machinery sectors.

Headquartered in the city of Lund, Knightec employs 500 people across nine locations in Sweden. Its revenues currently amount to SEK 500m (€52m).

People
Adelis Equity Partners – Erik Hallert (director). 
Knightec – Dimitris Gioulekas (CEO).

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