Vitruvian buys Accountor

Founder and CEO Asko Schrey will retain a stake in the company. A number of current shareholders have also injected fresh capital, including Sponsor Capital.

Vitruvian is understood to have secured a 65% stake in the business.

Accountor stated that the new ownership structure will enable investments in the company's workforce, processes and technology.

Vitruvian is currently investing from its Vitruvian Investment Partnership II fund, which was launched in May 2013 and closed on £1bn seven months later. Accountor is the firm's second Finnish investment for the firm this year. In January, the GP bought clinical data business CRF Health from Verdane Capital.

Company
Founded in 1987 and based in Helsinki, Accountor provides financial administration, accounting and HR management outsourcing services and software in northern Europe. The company operates in Finland, Sweden, Denmark, Norway, the Netherlands, Ukraine and Russia. In 2014, Accountor had 2,000 employees and a turnover of €155m.

People
Mike Risman is managing partner at Vitruvian. Juhani Kalliovaara is a partner at Sponsor Capital. Asko Schrey is founder and CEO of Accountor.

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• Topics
• Nordics
• Buyouts
• Support services
• Finland
• Secondary buyout