MUNICH: Mutares SE & Co. has signed an agreement to acquire Allianceplus AB from Allianceplus Holding A/S, ultimately owned by Polaris Private Equity.
The company will strengthen the Goods & Services segment as a new platform investment with multiple add-on opportunities in the Nordics and Mainland Europe. The transaction is expected to close in Q4 2021.
Allianceplus AB is engaged in the business of soft facility management. The company is headquartered in Stockholm and offers its services across Sweden with primary focus on Greater Stockholm, Gothenburg, and Malmö. Allianceplus AB generated approx. EUR 27 million in revenues and employed over 500 people in 2020.
With this transaction, Mutares expands and further strengthens its presence in the Nordics. Johannes Laumann, CIO of Mutares SE & Co. KGaA comments: “We are happy to welcome Allianceplus AB to our portfolio and are committed to driving the further growth of the company as well as our Nordic Mutares Operations team.
After the successful capital increase, this signing marks the next step in our promised performance, following our DNA that we keep promises, word and positions, professionally and personally.”