On the 24th of June it was announced that Adelis Equity Partners Fund I AB has agreed to sell its ownership in Quattro Mikenti Group to KLAR Partners.
QMG, together with KLAR’s Swedish portfolio company Sandbäckens, will form a leading Nordic technical installation and property services company. The two companies will continue to operate as separate units – Sandbäckens on the Swedish market and QMG on the Finnish market. QMG had a LTM turnover of approx. € 200 million, and it employs more than 1,000 HVAC installation professionals. Last year, Sandbäckens had a turnover of approximately € 150 million and it employs approx. 800 professionals.
QMG is one of the largest Finnish technical installation companies. It operates nationwide and has a comprehensive service offering in both renovation and maintenance as well as new construction projects. The group consists of 34 companies, and has 27 locations across Finland.
The transaction is subject to customary regulatory approvals.
Carnegie acts as sole financial adviser to the owners of QMG in connection with the transaction.