Rantalainen Group expands to Norway by joining forces with Value Group
RAN Group Oy (“Rantalainen”) reaches a significant milestone on its journey towards a Nordic market leader within accounting and payroll services and expands to Norway by joining forces with Value Group AS (“Value Group”).
Rantalainen, majority-owned jointly by Norvestor VIII SCSp and Norvestor IX SCSp since 2023, has agreed to acquire Value Group, a fast-growing accounting, payroll and HR services provider in Norway. Value Group has a strong presence in the Norwegian market and is continuously growing both organically and through strategic acquisitions, while generating NOK 200 million in turnover and employing 180 professionals. The addition of Value Group further accelerates the Nordic expansion and solidifies Rantalainen’s position as one of the leading Nordic accounting groups, while providing the combined group with enhanced capabilities for further consolidation in the Nordics as the Group naturally remains committed to its acquisitive growth and value creation strategy.
“We are delighted to join forces with Value Group as an important step of our strategy to build Rantalainen into a leading Nordic outsourced accounting, payroll and advisory services provider. Under the stewardship of a very good team, Value Group has become one of the fastest growing accounting services providers in Norway with a strong position especially within smaller, fast-growing customers," says Marika af Enehjelm, Chair of the Board of Rantalainen and Partner at Norvestor Advisory.
“Being part of a larger Nordic player provides us with an even stronger foundation and gives us as a group more opportunities for future growth, especially in a time of dynamic technological changes. We will have more resources to stay at the forefront. Our focus will remain on creating the best customer experience in the industry and to keep delivering high-quality services to our clients, while also exploring new ways to expand our service offering,” says Martin Vikesland, CEO of Value Group.
“Expanding into the Norwegian market is a natural next step to our Nordic expansion and Value Group is a great addition to our fast-growing Rantalainen group. Our Nordic collaboration enables us to share valuable expertise within the group and further grow our know-how and utilization of automatization, digitalization and AI. This way we can offer the best accounting and payroll services to our customers in the Nordic countries, which is our mission,” says Jukka Rosenberg, CEO of Rantalainen.
The transaction is expected to close in Q4 2024, subject to customary closing conditions.
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For further information and inquiries:
Jukka Rosenberg, CEO, Rantalainen Group
Telephone: +358 50 311 2194
Email: jukka.rosenberg@rantalainen.fi
Marika af Enehjelm, Partner, Norvestor
Telephone: +358 40 553 6934
Email: marika.af.enehjelm@norvestor.com
Martin Vikesland, CEO, Value Group
Telephone: +47 4147 2774
Email: mv@vacc.no
RAN Group is the leading Nordic accounting group. The Group consists of Rantalainen in Finland, Ålands Företagsbyrå in Åland, and Klara Consulting and Win Win in Sweden. The Group employs nearly 2,000 financial and payroll management professionals at a total of more than 70 locations in Finland and Sweden. The Group's turnover is about EUR 200 million on pro forma basis. The Group is owned by the Nordic private equity company Norvestor, the Group management and key employees, and Ceder Capital. For more information, please visit www.rantalainen.fi
Value Group is a fast-growing player in the Norwegian accounting, payroll and advisory business. The group was established in 2015 and has grown by an average of more than 25% per year since 2016. Value will reach NOK 200 million in revenue in 2024 and has 180 employees. Value Group has offices in Oslo, Drammen, Porsgrunn, Kragerø, Lillesand, Kristiansand and Bergen. For more information, please visit www.valuegroup.no
Norvestor is a leading private equity company focused on lower mid-market buyouts in the Nordic region. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 93 platform investments with more than 500 add-on acquisitions, in addition to executing 60 exits, including 16 IPOs. The team comprises 50 professionals, with offices in Oslo, Stockholm, Helsinki, Copenhagen, Berlin, London and Luxembourg. Norvestor funds target growth companies in the Nordic mid-market that have the potential to achieve a leading Nordic or international position, by investing in people, capabilities and initiatives that drive sustainable organic growth, as well as through acquisitions across fragmented industries or geographic expansion. Norvestor currently advises and manages funds with a committed capital of close to EUR 5.2 billion. The current Norvestor portfolio companies employ more than 30,000 people. Read more at www.norvestor.com