On March 7th, Altor Fund IV (“Altor”) signed an agreement to acquire a majority ownership in the largest accounting and consulting firm in Sweden, LRF Konsult AB (“LRF Konsult”).
LRF Konsult offers services within accounting, payroll, tax, business advisory, law and property brokerage to a broad range of clients and has 75,000 clients and 1,400 employees spread across 130 locations, making it the largest player in Sweden.
“We are very happy to have found such a strong partner as Altor to ensure that LRF Konsult continues to be an active and forceful player in the market. We will continue to be a long-term owner in LRF Konsult in this partnership with Altor,” says Anders Källström, CEO of LRF.
“We need to constantly develop to create value for our clients. This can include new digital services, efficient and knowledgeable advisory services and a broader value proposition. With Altor as a new owner we will be better positioned to be agile and forceful in a changing market,” says Katarina Klingspor, CEO of LRK Konsult.
“We are very impressed by LRF Konsult’s service to its clients, its strong position in the market and unique heritage. We look forward to our partnership with LRF and to jointly continuing the development of LRF Konsult and to invest in accelerating the growth and digital transformation of the company” says Harald Mix, founder of Altor.
The transaction is subject to customary regulatory requirements and approvals.