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Intera Capital agrees Renta Group exit to IK Partners following fast European growth

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Pan-European private equity firm IK Partners has sealed another deal from its €2.85bn ninth flagship fund by agreeing to pick up Renta Group from Intera Partners.

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 company serves the construction, infrastructure and industrial markets, and also offers modern site facilities, scaffolding and weather protection services in addition to 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.

Alireza Etemad, Partner at IK and advisor to the IK IX fund, said, “Renta plays an important role in developing and improving the sustainability of construction and infrastructure markets across the Baltic Sea region, with their highly local and digital approach to equipment and machine rental.

“We look forward to supporting the team in growing their network and developing their digital platform in new and existing markets.”

Christoffer Zilliacus, partner at Intera, added ,”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 €300m 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.”

Earlier this year Intera Partners hit a €335m hard cap close for its latest fund targeting the capital gap in Finland’s lower mid-market.

IK Partenrs closed its ninth flagship fund on its €2.85bn hard cap last year.

It held the final close of its IK Small Cap III Fund on its €1.2bn hard cap in April, the fund was is more than double the size of its predecessor, which closed on €550m in 2018.

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