Adelis divests its majority stake in Säkra

Adelis Equity Partners Fund II (“Adelis”) has agreed to sell its majority stake in Säkra, the fast-growing insurance broker, to international private equity firm Cinven. This marks the next step in Säkra’s continued growth journey.

In March 2020, Adelis took over as the majority shareholder in Swedish pension and insurance broker Säkra. Since then, Säkra has experienced significant growth both organically and by consolidating the industry through acquisitions. The company has more than tripled its turnover and had strong profit growth during the period, whilst building up a central organization and developing digital solutions. Thanks to its unique model of local presence and customer-oriented “Säkra spirit”, it is today one of Sweden's leading brokers with more than 350 employees at around 60 offices around the country.

"Säkra has had a fantastic journey over the past 2.5 years together with Adelis. We have successfully transformed the company from a franchise organization to one of the largest brokers in Sweden with products and services at the absolute forefront. We have also staffed up with senior key personnel and acquired around 40 broker companies around the country. It would not have been possible without the strong support from Adelis and the board," says Eva Pantzar Waage, CEO at Säkra.

"Eva and the team at Säkra have succeeded in both transforming the organization whilst at the same time advancing its positions and growing extremely quickly. We are honoured to have been a growth partner to this great company and proud of what we have achieved together. We are convinced that Säkra will continue its fantastic growth journey together with Cinven", says Erik Hallert at Adelis Equity Partners.

The transaction is subject to customary regulatory approvals. Säkra's brokers and senior staff will remain large owners in Säkra. The terms of the transaction are not disclosed.

For further information:

Eva Pantzar Waage, CEO at Säkra

Phone: 070 887 62 63

E-mail: eva.pantzar@sakra.se

Erik Hallert, Adelis Equity Partners

Phone: 070 936 80 41

E-mail: erik.hallert@adelisequity.com

About Adelis Equity Partners

Adelis is a growth partner for well-positioned, Nordic companies. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 35 platform investments and more than 150 add-on acquisitions. Adelis today manages approximately €2.5 billion in capital. For more information, please visit www.adelisequity.com.