Priveq sells Office Management to Inter Ikea Investments

Priveq exited its 65% stake in Office Management alongside founder Johan Tilander, who had held the balance of shares following the GP's buyout in 2012.

Under private equity ownership, Office Management has grown its revenues from around SEK 600m to SEK 900m and reportedly improved profitability.

Inter Ikea Investments is a subsidiary of the Inter Ikea Group, which owns and administrates the furniture company's intellectual property.

The Ikea Investments arm focuses on investments in non-listed Swedish companies. It also owns retail and consumer-focused private equity firm Alipes.

Previous funding
Priveq acquired a 65% stake in Office Management through an MBO in May 2012 using its SEK 1.8bn Priveq Investment Fund IV. The deal saw founder Johan Tilander realise a partial exit, while retaining a 35% stake.

Company
Headquartered in Stockholm, Office Management is a provider of IT, communication and office equipment.

Founded in 1993, the 350-strong company offers services within IT, document handling, telephone and videoconferencing, as well as office equipment.

The company has offices in Stockholm, Gothenburg, Malmö, Helsingborg, Gävle, Luleå, Oslo and Helsinki.

People
Priveq Advisory – Mats Hjerpe (partner).
Office Management – Mats Ågren (CEO).

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• Topics
• Exits
• Nordics
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• Priveq Partners
• Sweden
• Secondary buyout