Year: 2013

Delete Group Oy, a leading environmental services provider for the industrial, construction and real estate sectors in Finland, Sweden and the Baltics, has been acquired by Nordic private equity investor Axcel and Delete’s management. In connection with the transaction Intera divests the holding in Delete. The transaction was completed on 30 August 2013.

Intera, together with the entrepreneurs, founded the company in 2010 through a merger of two leading environmental services companies, Toivonen Yhtiöt and Tehoc. The company has grown significantly both organically and through acquisitions and has reached annual revenue of around EUR 100 million.

“During Intera’s ownership, Delete was developed into a leading environmental services provider in Finland and northern Sweden. Investment has been successful and we reached our growth targets ahead of the plan, and it is a convenient phase for Intera to divest its holding. Delete is well-positioned to continue to grow in the Nordics under the new ownership,” states Janne Näränen of Intera Partners.

“Delete has grown rapidly over the past three years and we have expanded our product portfolio, customer base and branch network. The new owner provides additional resources to grow in the Nordics,” comments Delete’s CEO Jussi Niemelä.

Further information:
Janne Näränen, Intera Partners
Tel. +358 50 566 4869
janne.naranen@interapartners.fi

Delete
Delete specialises in environmental services for industry, construction and real estate clients in Finland, Sweden, and the Baltic states. The company’s services include industrial cleaning services, heavy and special demolition services as well as recycling and waste management services. Delete employs nearly 700 environmental services professionals and the pro forma turnover of the business in 2012 amounted to approximately EUR 100 million.

Axcel
Axcel was founded in 1994 by a group of investors from Denmark’s largest financial and industrial institutions. Axcel focuses on investing in medium-sized companies in the Nordic region and has a broad base of both Danish and international investors. Axcel has raised four funds with total committed capital of around DKK 10 billion and has made 39 investments along with 50 significant bolt-on acquisitions. 25 of the companies in which it has invested have so far been sold or floated. Axcel’s investments currently include 14 companies and a significant holding in PANDORA, representing combined revenue of more than DKK 17 billion and around 11,400 employees.

Delete Group, a leading environmental services provider for the industrial, construction and real estate sectors in Finland, Sweden and the Baltics, strengthens its position in the Nordics with a new majority owner. The Nordic private equity investor Axcel has signed an agreement to acquire a majority of the shares in Delete on 10 July 2013.

Intera, together with the entrepreneurs, founded the company in 2010 through a merger of two leading environmental services companies. The company has since its creation grown significantly both organically and through acquisitions and has reached annual revenue of around EUR 100 million.

“Delete has grown rapidly over the past three years, and the new owner provides additional resources to grow in the Nordics. Axcel is committed to the long-term development of the company in order to satisfy increasing customer needs also in the future,” comments Delete’s CEO Jussi Niemelä.

“During Intera’s ownership, Delete has been developed into a leading environmental services provider in Finland and northern Sweden. Delete is well-positioned to continue to grow in the Nordics under the new majority owner,” states Janne Näränen of Intera Partners.

“Axcel is excited to support Delete’s growth going forward. Environmental services will have an increasingly important role in the industrial, construction and municipal sectors,” notes Lars Österberg, partner at Axcel.

The transaction is expected to be completed during the third quarter of 2013, subject to approval from theco mpetition authorities. The transaction will not cause changes in the personnel or have impact on customer relationships or partnerships.

Further information:
Janne Näränen, Intera Partners
Tel. +358 50 566 4869
janne.naranen@interapartners.fi

Delete
Delete specialises in environmental services for industry, construction and real estate clients in Finland, Sweden, and the Baltic states. The company’s services include industrial cleaning services, heavy and special demolition services as well as recycling and waste management services. Delete employs nearly 700 environmental services professionals and the pro forma turnover of the business in 2012 amounted to approximately EUR 100 million.

Axcel
Axcel was founded in 1994 by a group of investors from Denmark’s largest financial and industrial institutions. Axcel focuses on investing in medium-sized companies in the Nordic region and has a broad base of both Danish and international investors. Axcel has raised four funds with total committed capital of around DKK 10 billion and has made 39 investments along with 50 significant bolt-on acquisitions. 25 of the companies in which it has invested have so far been sold or floated. Axcel’s investments currently include 14 companies and a significant holding in PANDORA, representing combined revenue of more than DKK 17 billion and around 11,400 employees.

(further information in Finnish)

Delete Group, a leading Nordic company in environmental services, with operations in Finland and in Northern Sweden, has recently expanded its operations through merger with Abrab Industri och Byggservice AB, a Skellefteå- based industrial service company. Delete’s operations in Sweden are organized under Delete Sweden AB and also include Sanvac Miljö AB, an environmental company based in Umeå. Sanvac Miljö AB joined Delete in January 2012.

New CEO for Delete Sweden AB
Appointed as new CEO for Delete Sweden AB is from 15th of January Mr. Christer Gyllengahm. He has worked the last eight years as CEO for Bergteamet, Swedens leading underground mining contractor, based in Boliden. Before that he worked as a regional manager for Kuusakoski Recycling.

– I really look forward to start my new job, says Christer Gyllengahm. Delete is a very exiting company with a clear strategy to grow rapidly in Sweden by offering services in the very important environment area. After meeting with the top management in Delete and learning about the plans in the group, it feels great to be a member of the Nordic Delete team!

New CFO for Delete Sweden AB
Appointed as new CFO for Delete Sweden AB is from spring 2013 Mr. Hans Nordlöf. Hans has since year 2008 been CFO for Bergteamet and he has been a key person in building up an efficient reporting structure in the fast expanding Bergteamet. Hans and Christer have been colleagues since 1997, besides a short period between 2005 and 2007, when Hans was CFO for Boliden Commercial. Before that Hans was CFO for Kuusakoski Recycling in Sweden.

For additional information:
Janne Näränen, Partner, Intera Partners Oy, +358 50 566 4869, janne.naranen@interapartners.fi
Jussi Niemelä, CEO, Delete Group Oy, +358 400 462 696, jussi.niemela@delete.fi

Delete Group, a leading Nordic environmental services company with operations in Finland and in Northern Sweden, will expand its operations through merger with Skellefteå-based Abrab Industri och Byggservice AB.

– Merger with Abrab supports our strategy and strengthens our presence in Northern Sweden, comments Mr. Jussi Niemelä, CEO of Delete Group.

– Abrab is a professionally run company that serves its customers with modern equipment and excellent know-how. This characterizes Delete Group as well. Geographically, the companies fit together well and we believe there are large opportunities for co-operation going forward, Niemelä says.

Over the past years, Abrab’s owners Mikael Hedlund and Peter Östlund have grown Abrab into a well-known, trusted operator in Northern Sweden. Following the merger with Delete Group, both Hedlund and Östlund will continue growing the company in their current roles.

– Delete Group has grown impressively in Finland. I believe that joining Delete opens up an opportunity to further consolidate our service offering in Northern Sweden, says Mr. Hedlund. -We see great potential for example in sharing resources and know-how with Delete. This allows us to offer both more capacity and new services to our clients, says Mr. Östlund.

Following the merger, Delete Group’s 2012 pro forma turnover will amount to nearly 100 million euros. The combined entity employs close to 650 environmental services professionals.

For additional information:
Janne Näränen, Intera Partners Oy, Partner, +358 50 566 4869, janne.naranen@interapartners.fi
Jussi Niemelä, Delete Group Oy, CEO, +358 400 462 696, jussi.niemela@delete.fi

Abrab Industri och Byggservice AB
Abrab Industri och Byggservice AB (http://www.abrab.nu) provides industrial services for industrial and construction sector clients. The company operates in northern Sweden, with headquarters in Skellefteå. Abrab employs approximately 60 professionals and its turnover is about EUR 9.5 million in 2012.