Advania to acquire Valtti, a Finnish full-service IT-provider from Adelis Equity Partners

With the acquisition of Valtti, Advania will leverage the combined future-ready suite of products and services in Finland to help customers on their digital journey. The acquisition underpins Advania’s ambition to create the preferred IT-services provider in Northern Europe with a holistic offering to their existing and new customers.

Helsinki, Finland

Key transaction highlights

• Advania, a portfolio company of Goldman Sachs Asset Management, has reached a definitive agreement to acquire Valtti, from Adelis Equity Partners Fund II AB (Adelis), management and other shareholders.
• The closing of the transaction is expected during the first half of 2022, subject to regulatory approvals.
• Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT service provider in Northern Europe with operations in Sweden, Iceland, Norway, UK, Denmark and Finland.
• Valtti is a full IT-services provider, focused on the mid-market in Finland providing cloud services, modern workplace, end-user services and cyber security capabilities.
• The transaction allows Advania to grow its presence in Finland and will enable the parties to provide a wider and deeper service offering within the IT-services space in Finland

The combined group (the “Company”) aims to become the preferred IT services provider in Northern Europe. This combination in Finland allows Advania to offer more specialised and broader services and products to its existing customer base. Furthermore, Advania and Valtti will create a first-rate workplace for employees, allowing the exceptional talent from both companies to thrive in an entrepreneurial environment and with a decentralised model close to customers in the Finnish market.

- It’s a great pleasure to join forces with Atte and the team in Finland. Our future vision is aligned, both on culture and business, that allows us to build a strong mid-market player in Finland where our number one focus is our customers. We see significant opportunities in the Finnish market and with this combination we can deliver a broader and deeper offering to our current and new customers, says Mikael Noaksson, Group CEO of Advania.

- At Valtti we aim to be a place for growth, professionally for our employees and through business-supporting services for our customers. Becoming a part of Advania Group strengthens our position as one of the leading IT service providers in Finland. This will expand our depth and skillset to meet the demands of larger customers and provide an exceptional work environment for highly skilled professionals, says Atte Kekkonen, CEO of Valtti.

- It is a pleasure to welcome Valtti into the fast-growing Advania Group and to support further scale in the Finnish market. The combination will enhance the value proposition to the existing client base and represents an important milestone for what Advania aims to achieve in Northern Europe, says Michael Bruun, Head of the EMEA Private Equity Business at Goldman Sachs Asset Management.

Goldman Sachs Asset Management will continue to be the majority shareholder of the Advania Group. The closing of the transaction is expected during the first half of 2022 and is subject to regulatory approvals.

For more information, please contact:

Valtti
Aino Von Bonin, Marketing and Communications Director Valtti
Email: aino.vonbonin@valtti.com
Phone: +358 400 753808

Advania AB
Mikael Noaksson, Group CEO Advania
E-mail: mikael.noaksson@advania.com
Phone: +46 76 140 00 80

About Advania AB

Advania is a Northern European IT-services company, with roots back to 1939, operating in Sweden, Norway, UK, Iceland, Finland and Denmark with more than 3,500 employees. The company focuses on helping customers to improve their performance and be a partner in their digital journey, with innovative use of best available IT platforms and services. Advania serves thousands of corporate customers, multinational enterprises, governments and public institutions, large, small and medium-sized companies in all aspects of society.

For further information, please visit www.advania.com.

About Valtti Oy

Valtti is a full-service IT provider focusing on cloud and data center services, modern workplace services for Microsoft-solutions, end-user support services and cyber security. We design and implement digital services to support customer’s digital journey. Along with Gold competencies in Microsoft, Valtti has attained market leading VMware Principal Partner and Okta Premium recognitions. The 230 technology experts are driven by the desire to bring customers the best solutions available on the market. Valtti strive to make a meaningful impact with positive customer and employee experience, constantly growing and learning more.

For further information please visit www.valtti.com

About Goldman Sachs Asset Management Private Equity

Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of December 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1986, the Private Equity business within Goldman Sachs Asset Management has invested over $75 billion since inception. We combine our global network of relationships, our unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across our portfolios.

For further information please visit: www.goldmansachs.com

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