MCF advised MB Funds on the sale of TietoAkseli to ECIT, a portfolio company of TowerBrook Capital Partners
MB Funds, a Finland-based private equity firm, has sold TietoAkseli, a leading Finnish accounting and professional services provider for SMEs. MB Funds acquired a majority stake of TietoAkseli in the spring of 2021, and after expanding through organic growth and M&A, the company was in a great position to pursue an exit. MCF advised the client throughout the entire process and helped facilitate the transaction with our vast expertise in the Accounting & Finance BPO segment and strong cross-office collaboration.





„I’m impressed by MCF’s ability to lead the project in an efficient and competitive manner, with a top-level outcome.“
The Deal
Founded in 2013, ECIT supports a large customer base with accounting, payroll, and IT services through 110 offices across 11 countries. ECIT was taken private by TowerBrook in 2024.
The acquisition of TietoAkseli marks ECIT’s first significant investment in the Finnish market and enables a complete range of finance services across the entire Nordics. For TietoAkseli, integration into ECIT offers the opportunity for continued growth within a larger, international framework.
The Target
TietoAkseli is a Finnish specialist providing financial administration and accounting, HR and payroll, auditing, as well as transaction advisory services for SMEs. TietoAkseli employs approximately 230 FTEs, has headquarters in Jyväskylä and nationwide coverage through 10 additional offices across Finland.
About MB Funds
MB Funds is a Finnish private equity firm with a long history and an impressive track record of successfully investing in over 50 mid-sized Nordic companies.
MB Funds focuses on mid-sized enterprises in Finland, with ambitions to grow and capabilities to enhance their position in an evolving business environment.
„I’m impressed by MCF’s ability to lead the project in an efficient and competitive manner, with a top-level outcome.“
MCF deal team



