Adelis agreed to sell a majority stake in managed IT services provider net IP to Synova, reinforcing continued private equity interest in Nordic businesses despite seasonal slowdowns. Net IP, which Adelis acquired in September 2022, has more than doubled revenue and tripled EBITDA under its ownership, growing to over 270 employees across 11 Danish offices through organic growth and five add-on acquisitions. The firm now offers IT outsourcing, infrastructure, cloud, AI, cybersecurity and consulting services to SMEs.
Recent Nordic activity includes Ambienta building a sustainable aquaculture tech platform via four acquisitions, Aspirity Partners taking a majority stake in Onomondo, Main Capital Partners acquiring Nordic software group Confirma, and CVC-backed TMF Group buying fund administrator Navigator Partners. Ambienta’s No Dig Alliance also acquired Sweden’s Horisonterra. In personnel news, Omni Partners appointed Elliot Tahmasebi as a partner in London to strengthen sourcing and execution in the lower mid-market, focusing on founder-led businesses in financial, professional and business services.
Tahmasebi brings over a decade of experience, including from Copper Street Capital, and will lead platform investments in profitable, privately owned firms. Charles Gallagher-Powell of Omni highlighted Tahmasebi’s expertise in navigating complex consolidation markets marked by regulation, integration, culture and client retention challenges.
Source: PE Hub · Summarized by HeadlinesBriefing