Goldman Sachs funds to acquire a majority stake in Advania
· Funds managed by Goldman Sachs Merchant Banking Division are to acquire a majority of the shares in Advania AB, alongside management, VIA Equity and other reinvesting shareholders. · Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT-provider in Northern Europe with operations in Sweden, Iceland, Norway, Denmark and Finland. · The company has delivered in excess of 20% growth each of the last 5 years, fueled by strong talent, long term relationships with customers and ongoing megatrends of digitalization. · Advania’s turnover is today in