Via Equity, PFA acquire 30% stake in Advania

With Via Equity and PFA on board as shareholders, Advania is positioned to enforce its strategy, with continued organic growth and strategic mergers and acquisitions.

The deal marks the first time Advania has partnered with PFA, an investor in its current fund Via Venture Partners Fond III, Via Equity partner Benjamin Kramarz told Unquote.

PFA is one of two LPs in the fund, the second being ATP. In the past, the GP has also partnered with ATP when making acquisitions for its previous fund, Via Venture Partners Fond II.

The transaction is subject to approval by the Swedish competition commission. 

Previous funding
Nordic Mezzanine, Swedish investors and part of the Nordic management acquired a majority stake in Advania from previous owners in 2014.

Company
Established in 2012 when several branches of IT companies in three Nordic countries merged, Advania provides ERP systems, cloud services, consulting, hardware, IT operations, hosting and data centre services. The company is headquartered in Stockholm. In 2017, Advania reported revenues of SEK 2.8bn, and an EBITDA of SEK 258m.

People
Advania – Gestur G. Gestsson (group CEO).
Via Equity – Benjamin Kramarz (partner).

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