MCF advises Renta Group on the acquisition of Byggmaskiner-Gruppen Sverige AB
Renta Group, a leading Nordic construction equipment rental company has acquired 100% of the shares in Byggmaskiner-Gruppen Sverige AB (“Byggmaskiner”) from the founding family. Through this transaction, Renta Group will strengthen its offering within heavy machinery in Sweden and add three strong depots in prime locations in Stockholm, Norrköping and Linköping. MCF acted as adviser to Renta Group in the transaction, continuing its successful track-record of supporting Renta in originating and executing bilateral transactions of great strategic importance.
The Deal
The acquisition of Byggmaskiner enables Renta to strengthen its position in the Swedish rental equipment market through an increased offering within construction machinery and infraconstruction coupled with a widened geographical coverage.
The Target
Byggmaskiner, a Swedish family business active within the rental equipment market, operates three depots located in the highly active regions of Stockholm, Norrköping and Linköping, and has a strong presence within construction machinery and infrastructure projects.
Client Statement
Joacim Johansson, CEO Renta Sweden, said: “This acquisition marks the next step in our Nordic growth journey and builds out our position in Sweden perfectly, both through the offering and geographical coverage. Using their strong industry expertise and experience, we can always count on MCF to efficiently execute processes that ensure an optimal outcome for all parties. This is the 3rd add-on acquisition in Sweden together with MCF, and I am very pleased with the long-term partnership we have.”
About Renta Group Oy
Renta Group Oy is Finnish rental company which was established in 2016 through the merger of three well-known companies Telinekymppi Oy, Kehä-Kone Oy and Jasoca Oy. The group now operates a strong depot network of 95 depots with presence in Finland, Sweden, Norway, Poland, and Denmark, in total employing more than 950 professionals. Renta offers a wide range of construction machinery, equipment, and related services. The company also offer modern site facilities, scaffolding and weather protection services as well as site services such as temporary plumbing & HVAC installations and planning. Renta is majority owned by Intera Partners.
About Intera Partners
Intera is a Finnish growth-oriented private equity firm that invests in Finnish and Swedish companies with sales of EUR 10 to 200 million. Typical investment situations for Intera are acceleration of organic growth and internationalisation of target companies, industry consolidation and generation shifts in family-owned companies.
Intera was founded in 2007 and is owned by its employees. Intera manages three funds with assets under management of EUR 785 million. Fund investors include leading Nordic and European institutional investors.
