Klar to acquire Finnish installation company QMG

The GP will merge QMG with its recently acquired Swedish portfolio company Sandbackens to create a new group, though the two companies will continue to operate as separate units. 

The PE firm said that it had followed QMG for a long time, as the company fitted well into its investment strategy.

The GP is currently deploying its first fund, Klar Partners I, which held a final close in March 2021 on €600m, and has so far made four platform investments. The vehicle aims to buy controlling stakes in 8-12 companies providing B2B services and operating in light industrial sectors. It focuses on companies based in the Nordic, DACH and Benelux regions.

The deal is subject to regulatory approval. 

Company
Founded in 2013 and based in Espoo, QMG offers technical installation and services within electricity, heating, ventilation, sprinklers and automation. It has 1,000 employees in almost 30 locations, and, in 2019, had sales of roughly €200m.

People 
Klar Partners – Fredrik Brynildsen (partner). 
Quattro Mikenti Group – Kimmo Liukkonen (CEO).

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• Topics
• Buyouts
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• Mid-market buyout