Altor buys majority stake in LRF Konsult

Altor acquired the business via its Altor Fund IV from Lantbrukarnas Riksförbund (LRF), the federation of Swedish farmers, which agreed to sell a 75% stake in the accounting and consulting firm.

Altor Fund IV held a final close on €2bn in July 2014. It was 55% deployed as of October 2017, according to Unquote Data.

LRF will continue to be a long-term owner in LRF Konsult, in partnership with Altor.

With the private equity investor on board, the accountancy and advisory business intends to develop new digital services, in addition to more efficient and knowledgeable advisory services and a broader value proposition for clients.

The transaction is subject to regulatory approval.

Company
Established in 1918 and headquartered in Stockholm, LRF Konsult offers accounting, payroll, tax, business advisory, law and property brokerage services. It has 75,000 clients and 1,400 employees spread across 130 locations.

People
Altor Equity Partners – Harald Mix (founder).
Lantbrukarnas Riksförbund – Anders Källström (CEO).
LRF Konsult – Katarina Klingspor (CEO).

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• Buyouts
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