Intera to exit Renta
Intera Fund II Ky and Intera Fund III Ky to exit Renta Group. The new owner will be IK Partners, a European private equity firm.
Renta Group is a full-service machine and equipment rental services company with more than 100 depots across Finland, Sweden, Norway, Denmark and Poland. The equipment offered meets a broad range of customer needs across construction, infrastructure and industrial markets. The Company also offers modern site facilities, scaffolding and weather protection services in addition to other site services such as temporary plumbing and heating, ventilation and air conditioning installation and planning.
Renta was established in 2015 following the combination of three well-known Finnish companies. Since then, it has grown significantly through the organic growth of its depots, a series of greenfield openings, strategic add-on acquisitions and investments into innovation and digital tools. Today, Renta’s revenue is almost € 300 million and the Company employs over 1,000 people across Finland, Sweden, Norway, Denmark and Poland.
IK Partners (www.ikpartners.com) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 155 European companies. The next phase of Renta’s journey will see IK empowering management to further solidify its position as a champion in the Baltic Sea region and begin to enter continental Europe through further greenfield openings and add-ons while rolling out new digital solutions across all locations. The Group will continue to be led by CEO, Kari Aulasmaa and his team.
Kari Aulasmaa, CEO of Renta Group, said: “We have had a fascinating journey with Intera to create the modern and leading rental provider in the Baltic Sea Region. It’s been a privilege to work with Intera’s team and we are grateful for all their support during the past years. Now it’s time to move on and I warmly welcome the IK team to continue the journey with us. We will have a lot to do in developing digital and sustainable rental services together with expanding operations to new geographies. I’m convinced that IK, with their international networks, is the perfect partner for Renta as we embark on the next stage of development.”
Christoffer Zilliacus, Partner at Intera, commented: “Renta’s management and Intera joined forces in 2015, and it all started from management’s strong vision of what a modern equipment rental company should look like. Today, Renta is an established and fast-growing player, operating across the Nordics and in Poland, with close to € 300 million in revenues. The clarity of the original vision and the professionalism as well as the dedication of the whole Renta team has been fundamental to the success of the company. It has been a tremendous journey and a true pleasure to support Kari and his highly capable team in building Renta to what it is today. With the support of the IK team, Renta is very well positioned for its next phase of growth, and we look forward to witnessing the company’s continued success.”
More information:
Christoffer Zilliacus
Partner
Intera Partners
christoffer.zilliacus@interapartners.fi
About Renta Group
Renta Group Oy is a Finnish construction-machinery and equipment-rental company founded in 2015. The company has operations in Finland, Sweden, Norway, Denmark, and Poland, with 103 depots and more than 1000 employees. Renta is general rental company with a wide range of construction machines and equipment along with related services. In addition to operating a network of rental depots, Renta is a significant supplier of scaffolding and weather-protection services. For more information, visit www.renta.com
