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30 Nov 2021

MCF advises IK Partners on the acquisition of Renta Group

IK Partners, a European private equity firm, has acquired Renta Group Oy (“Renta Group”, “Renta” or “the Company”), a rapidly expanding construction machinery and equipment rental company active in the Baltic Sea region. MCF acted as IK Partners’ financial adviser in this transaction, bringing together its expertise in the equipment rental market and its experience working directly with Renta and IK Partners.

MCF’s long term collaboration with Renta dates back to Intera Partners’ establishment of the company through its acquisition of Finnish platform Telinekymppi in 2016. Since then, MCF has supported Renta in its journey to consolidate the Nordic equipment rental market, resulting in the acquisition of Swedish platform Stål & Hyr in 2018, and 3 further add-on acquisitions. This engagement also marks MCF’s 4th successful transaction with IK Partners and is a testament to our focus on building long-term relationships and trust with our clients.

"We are very happy to be partnering with Kari and the team at Renta Group in the next step of their journey. Renta plays an important role in developing and improving the sustainability of construction and infrastructure markets across the Baltic Sea region, with their highly local and digital approach to equipment and machine rental. We look forward to supporting the team in growing their network and developing their digital platform in new and existing markets."

Alireza Etemad

Partner at IK and Adviser to the IK IX Fund

The Deal

The next phase of the Company’s journey will see IK empowering management to further solidify its position as a champion in the Baltic Sea region and begin to enter continental Europe through further greenfield openings and add-ons while rolling out new digital solutions across all locations. The Group will continue to be led by CEO, Kari Aulasmaa and his team.

The Target

Renta Group is a rapidly expanding and innovative equipment rental company with headquarters in Finland and net sales of nearly EUR 300m. The group now operates a broad network of 103 depots with presence in Finland, Sweden, Norway, Poland, and Denmark, in total employing more than 1,000 professionals. Renta is a general rental company with a wide range of construction machines and equipment along with related services. In addition to operating a network of rental depots, Renta is a significant supplier of scaffolding and weather-protection services.

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 155 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.

About Intera Partners

Intera Partners (“Intera”) is a Finnish growth-oriented and responsible private equity firm. Intera Partners was founded in 2007 and is owned by the key personnel of the company. Intera seeks to invest in Finnish and Swedish companies. Fund investors include leading Nordic and European institutional investors.

Disclaimer

Completion of the transaction is subject to legal and regulatory approvals.