Altor enters partnership with LRF – acquires a majority stake in LRF Konsult
On March 7th, Altor Fund IV (“Altor”) signed an agreement to acquire a majority ownership in the largest accounting and consulting firm in Sweden, LRF Konsult AB (“LRF Konsult”).
LRF Konsult offers services within accounting, payroll, tax, business advisory, law and property brokerage to a broad range of clients and has 75,000 clients and 1,400 employees spread across 130 locations, making it the largest player in Sweden.
“We are very happy to have found such a strong partner as Altor to ensure that LRF Konsult continues to be an active and forceful player in the market. We will continue to be a long-term owner in LRF Konsult in this partnership with Altor,” says Anders Källström, CEO of LRF.
“We need to constantly develop to create value for our clients. This can include new digital services, efficient and knowledgeable advisory services and a broader value proposition. With Altor as a new owner we will be better positioned to be agile and forceful in a changing market,” says Katarina Klingspor, CEO of LRK Konsult.
“We are very impressed by LRF Konsult’s service to its clients, its strong position in the market and unique heritage. We look forward to our partnership with LRF and to jointly continuing the development of LRF Konsult and to invest in accelerating the growth and digital transformation of the company” says Harald Mix, founder of Altor.
The transaction is subject to customary regulatory requirements and approvals.
For more information, please contact:
Ulf Wallin, Head of Press at LRF, Tel: +46 73 334 60 96
Anna Burlage Sjöberg, Press Officer at LRF Konsult, Tel: +46 70 872 32 91
Tor Krusell, Head of Communications at Altor, Tel: +46 70 543 87 47
Since inception, the family of Altor funds has raised some EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.8 billion in more than 40 companies. The investments have been made in medium sized Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Ålö, ByggMax, Carnegie Investment Bank, Dustin, Helly Hansen, Lindorff and SATS ELIXIA. For more information visit altor.com
About LRF Konsult
LRF Konsult is the leading advisor and accounting firm in Sweden with more than 75,000 clients and offices in 130 locations across the country. We offer services within finance and tax, law, business advisory and property brokerage.
The Federation of Swedish Farmers – LRF – is an interest and business organisation for the green industry with approximately 150 000 individual members. Together they represent some 70 000 enterprises, which makes LRF the largest organisation for small enterprises in Sweden.