![Reno norden](https://norvestor.imgix.net/Company-logos/reno_norden.png?auto=compress%2Cformat&bg=%23FFFFFF&crop=focalpoint&fit=crop&fm=jpg&fp-x=0.5&fp-y=0.5&h=83&q=90&w=400&s=3b892710ec98af44d472eb3cd6bf6e36)
We liked the look of RenoNorden’s niche business strategy and acquired the company in 2008. We particularly liked the company’s approach to collecting waste – it prioritised both cost and operational efficiency. When we got to know the company, we saw it had a solid, scalable business model offering the potential for significant acquisitive growth. In partnership with us, the company embarked on a series of Swedish and Danish acquisitions, which gave the company a leading market position in the Nordics. We exited the business in 2011.
- Investment date: June 2008
- Exit date: September 2011
- Industry: Business Services
- Fund: Fund V
- Web page: www.renonorden.com