• 2017 turnover EUR 104m
  • No. of employees ~1,400
  • Acquisition date May 2018

LRF Konsult

LRF Konsult is the largest accounting and consulting firm in Sweden, offering services within accounting, payroll, tax, business advisory, law and property brokerage. The company has 75 000 customers and 130 local offices across Sweden and serves SMEs within a broad range of industries.

Why we believe in LRF Konsult:

  • Fundamentally attractive Finance & Accounting BPO market − stable, non-cyclical growth and highly fragmented market
  • Strong platform to build from with 75 000 customers and 130 offices and tangible operational improvement potential
  • Opportunity to drive industry consolidation and take the lead in the digitization/automation of the industry


  • Rickard Westlund CEO

Investment Advisory Team

  • Klas Johansson
  • Petter Samlin
  • David Persson