IK exits Ramudden to Triton

The sale generated a return multiple in excess of 3x for IK and an IRR of 40%, according to a source close to the situation.

The deal ends a three-year holding period, after the Nordic GP acquired Ramudden from management in April 2014 via its €1.7bn IK VII Fund.

Under IK's holding, the company executed five add-on acquisitions, strengthened its presence in its core geographies and expanded into the Baltic region. The GP said it had doubled the firm's turnover.

IK's VII Fund held a final close on €1.4bn in October 2013 and is now fully deployed. The deal marks the second exit of a portfolio company from the fund, after the GP announced it sold Evac Group to Bridgepoint in September earlier this year.

Company
Founded in 2005 and based in Sundsvall and Gävle, Ramudden delivers temporary traffic control services to improve safety in connection with road works, including the rental of equipment such as traffic barriers and guide signs, traffic arrangement plans, education programmes, surveillance and maintenance services.

The Sweden-based company has been present in Norway since 2009 and Finland since 2012. Its customers mainly consist of civil engineering contractors and construction companies.

The company employs a staff of 450 and expects a turnover of SEK 700m in 2017.

People
IK Investment Partners – Kristian Carlsson Kemppinen (partner).
Ramudden Group – Hans-Olov Blom (founder, CEO).

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