IK Investment Partners acquires Ramuddenbolagen

IK bought 70% of the Ramuddenbolagen group, which comprises around 10 companies, with a combination of debt and equity.

Birger Larsson, CEO of Ramuddenbolagen, and Hans-Olov Blom, founder and CEO of the subsidiary Ramudden, are the group's current main shareholders.

Ramudden is the fourth investment from IK's seventh fund, which closed in October 2013 on €1.4bn, around €300m short of its original target. The fund invests in pan-European mid-sized companies. IK VII launched in December 2011 and hit a first close on €1bn in March 2012.

The previous three investments from the fund are Hansen Protection, a Norwegian specialist in survival suit rental; Ampelmann, a Netherlands-based provider of motion technology systems and structures for the offshore energy sector; and VPS, a fuel management services provider. IK's current portfolio comprises 21 companies.

Company
Founded in 2005 and based in Sundsvall and Gävle, Ramudden delivers temporary traffic control solutions 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 reached a turnover of SEK 239m in 2013.

People
Kristian Carlsson Kemppinen is a partner at IK. Hans-Olov Blom is the founder and CEO of Ramudden. Birger Larsson is the CEO of Ramuddenbolagen.

Advisers
Equity – Vinge (Legal); EY (Financial due diligence, tax); Roland Berger (Commercial due diligence); Keystone (M&A); JLT (Insurance due diligence); WSP (Environmental due diligence).

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