Freedom Group Expands Accounting Footprint with Stockholm Acquisitions

Deal News | Jan 09, 2025 | MVI Advisors AB

Freedom Group, backed by MVI Advisors AB, has announced the acquisition of three financial consulting firms in Stockholm as part of its strategic expansion in the accounting industry. The acquisitions include Framtida Affärsstöd i Norden AB, which also oversees AB Örby Redovisning, Sifferkontoret AB, and Kansliet i Sverige AB. These acquisitions are expected to add SEK 35 million to the group's revenue, surpassing the SEK 400 million mark. CEOs from the acquired firms expressed satisfaction with the shared values and growth opportunities the partnership with Freedom Group brings. Freedom Group intends to retain the acquired companies' brands while integrating them into its larger organization to leverage synergies and advance the firms' operational capabilities.

Sectors

  • Accounting and Financial Consulting
  • Private Equity

Geography

  • Sweden – The entire acquisition and expansion activity is taking place in Stockholm, Sweden, with all target companies based in that region.

Industry

  • Accounting and Financial Consulting – The acquisitions are within the accounting and financial consulting industry, as Freedom Group targets firms like Framtida Affärsstöd, Sifferkontoret, and Kansliet for expansion.
  • Private Equity – MVI Advisors AB, a private equity firm, is backing Freedom Group's expansion, highlighting the role of private equity in facilitating growth strategies.

Financials

  • 35 million SEK – The increase in Freedom Group's revenue as a result of acquiring the three financial consulting firms.
  • 400 million SEK – The new projected revenue of Freedom Group after the acquisitions.

Participants

NameRoleTypeDescription
Freedom GroupBidding Company/BuyerCompanyThe entity acquiring three financial consulting firms in Stockholm to expand its presence in the accounting industry.
MVI Advisors ABPrivate Equity FirmCompanyThe private equity firm backing Freedom Group in its strategic expansion efforts.
Framtida Affärsstöd i Norden ABTarget CompanyCompanyA Stockholm-based financial consulting firm acquired by Freedom Group, known for its expertise in business consulting.
AB Örby RedovisningTarget CompanyCompanyOwned by Framtida Affärsstöd i Norden AB and part of the acquisition, providing accounting services in Stockholm.
Sifferkontoret ABTarget CompanyCompanyFinancial consulting firm in Täby, Stockholm, that is part of Freedom Group's recent acquisitions.
Kansliet i Sverige ABTarget CompanyCompanyA leading company in association accounting, headquartered north of Stockholm, also acquired by Freedom Group.
Emma StrömfeltCEOPersonCEO of Freedom Group, overseeing the strategic acquisitions in Stockholm.
Håkan PerssonSellerPersonSeller of Kansliet i Norden AB, highlighting shared values with Freedom Group in the acquisition process.
Metin IcmenCEOPersonCEO of Framtida Affärsstöd i Norden AB, noting the compatibility of their client-focused approach with Freedom Group.
Malin HamskogCEOPersonCEO of Sifferkontoret AB, expressing enthusiasm for joining Freedom Group and the opportunities it presents for employees.
Niclas MirnerCFO and Head of AcquisitionsPersonCFO and Head of Acquisitions at Freedom Group, responsible for financial oversight and acquisition strategies.