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February 2021
Nordics, > £500m

Liberty advises the management team of Advania on their acquisition by Goldman Sachs funds

Liberty Corporate Finance (“Liberty”) advised the management team of Advania on the majority share acquisition by funds managed by Goldman Sachs Merchant Banking Division, alongside management, VIA Equity and other reinvesting shareholders.

A leading full-service IT provider in Northern Europe, has announced that they have reached a definitive agreement with funds managed by Goldman Sachs Merchant Banking Division (“Goldman Sachs”) to acquire a majority stake in the company alongside management, VIA Equity and other reinvesting shareholders, subject to customary closing conditions and antitrust approvals. Financial details of the transaction were not disclosed. 

With a heritage dating back to Iceland in 1939, and today headquartered in Stockholm, Advania is a leading full-service IT-provider with a presence in all Nordic countries, delivering mission-critical IT solutions to meet every need. Its unique customer centric operating model has led to best-in-class customer satisfaction and rapid growth.

The transaction demonstrates the leading position that Advania has achieved in its market. With access to the resources, relationships and expertise of Goldman Sachs and VIA Equity, the company is well positioned to further accelerate organic growth and to continue its strong track record of accretive M&A, whilst maintaining the exceptionally strong culture that has been key to delivering first-rate customer satisfaction and to attracting talent.

Advania today has a turnover in excess of SEK 5bn, having delivered in excess of 20% growth each of the last five years. The company has 1,400 employees across 27 locations in five countries.

The Liberty team for this transaction was Tim Thomas, Kevin Palmer and Jeff Soh.  Legal advice was provided to the management team by Macfarlanes (Stephen Drewitt and Eniga de Montfort).