Through the acquisition, Renta further strengthens its position in the Swedish rental equipment market through increased coverage of the large and important Stockholm area, securing full availability, service and offering in the region.
YRC Täby and YRC Uppsala have up until the acquisition been operating under a common YRC brand, but with separated ownership. Both companies focus on general equipment rental services with a broad offering, operating one depot in Stockholm and one in Uppsala.
Joacim Johansson, CEO of Renta Sweden, said: “The YRC acquisitions represents an important strategic step in Renta’s continued expansion for our core markets. Once more, the MCF team has provided us with great support throughout the entire process. Even if the transaction proved to be challenging at times, with a complex structure and complicated coordination needs, MCF led all activities in an excellent way, and delivered clear and direct communication in a positive manner.”
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 70 depots with presence in Finland, Sweden and Norway, in total employing more than 650 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.
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 a total capital of EUR 575 million. Fund investors include leading Nordic and European institutional investors.