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Portfolio Company News

Portfolio Company News

Truesec acquires Venzo Cyber Security A/S, a leading Danish cyber specialist organization

Press release – June 1, 2023

Today, Truesec announces the acquisition of the Danish company Venzo Cyber Security A/S. The purpose of the acquisition is to further strengthen Truesec´s position as preferred cyber partner in Northern Europe, preventing cyberattacks and minimizing impact.

Truesec´s acquisition of Venzo Cyber Security A/S, a former Venzo Group company, marks an important step for Truesec on its mission to create a safe digital future, as well as to further strengthen its cybersecurity capabilities.

“The acquisition of Venzo Cyber Security A/S significantly enhances our cyber defense capabilities, enabling us to better protect society from cyberattacks. We are excited to welcome the team to Truesec, as their expertise combined with our cyberspecialists in Denmark will make a significant difference in creating a safer society for all organizations in Denmark and Northern Europe”, says Anna Averud – CEO of Truesec Group.

“We are pleased to have found a new owner for our group company, Venzo Cyber Security A/S, and we are very happy on the team’s behalf. In Truesec, they will become part of a dedicated security firm with a global reach, while VENZO continue to pursue our strategy of delivering large multi-disciplinary digital transformation programs in Denmark and the Nordics” says Søren Luplau-Pagh, CEO of VENZO Group.

“This is a significant step forward and will further strengthen Truesec’s offering in Denmark and the Nordics. At Truesec our ambition is to secure Europe´s society against cyberattacks. With our strong team, we’re better equipped to proactively prevent cyberattacks and minimize their impact” says Morten von Seelen, CEO Truesec Denmark.

The acquisition is expected to be completed 1st of June 2023.

Contact us for further information or any inquiries you may have.

Jennie Mattar
CMO, Truesec
Phone: +46-72 858 88 78

Anna Averud
CEO, Truesec
Phone: +46-70 918 30 48

Søren Luplau-Pagh
Phone: +45 20 28 56 7

Portfolio Company News

Ipsum Group announces Charles Cornish as Chairman

Chorley, United Kingdom, 30 May 2023 – Ipsum Group (“Ipsum” or “the Company”), a leading provider of specialist infrastructure services to highly critical assets within the UK power and water markets, is pleased to announce the appointment of Charlie Cornish as the new Chair of Ipsum. Charlie brings a wealth of experience in the UK’s power, water and infrastructure markets, both at an executive and non-executive level.

Charlie is currently Group Chief Executive for Manchester Airports Group, a role he has held for more than a decade. Prior to this, he was Managing Director for Utility Solutions at United Utilities plc and Chief Operating Officer at RWE Thames Water. Charlie’s most recent non-executive role was Chair of Network Plus, a leading utilities and infrastructure services provider for the UK’s water, gas, electricity and telecoms sectors.

Charlie’s extensive experience is expected to be hugely beneficial to the continued growth and success of Ipsum.

Richard Thomas, CEO of Ipsum, commented: “We are very pleased to welcome Charlie to the Board as we seek continued growth; both organically and through a selective acquisition strategy. We are confident that his experience of supporting businesses to achieve transformational growth in this sector will benefit the Group and allow us to further scale our proposition in the UK water and power markets.”

Charlie Cornish, incoming Chair of Ipsum, added: “This is an exciting time to be joining such a dynamic company in the UK infrastructure market. The recent acquisition by IK Partners, together with the strength of the management team, means that Ipsum is well-placed to capitalise on the growth prospects within this sector. I look forward to bringing my relevant experience to the role as the Company continues progressing along its impressive trajectory.”

In March 2023, Ipsum announced a new strategic partnership with leading European private equity firm IK Partners (“IK”), whose IK Small Cap III Fund signed an agreement to acquire the business from Aliter Capital. With the support of IK, the business will continue to focus on both organic and acquisitive growth in markets that have compelling long-term growth dynamics, supporting UK infrastructure players on their journey towards energy transition, sustainability and a low carbon agenda.

For further questions, please contact:
Simon Traylen (

Portfolio Company News

Aspia accelerates international expansion with new acquisition in Norway

Stockholm 2023-05-04 – Aspia acquires Prokuria Polar, Norwegian accountancy group specialized in accounting, payroll and business advisory.

Aspia is a leading business partner in accounting, payroll, tax and business advisory and has been operating in the Nordic market since 2018. Aspia now strengthens its offering with the acquisition of Prokuria Polar.

Prokuria Polar is a fast-growing Norwegian service provider represented in several Norwegian cities. They are specialized in accounting, payroll and business advisory.

Prokuria Polar will become part of Aspia and thereby strengthening Aspia’s existing Nordic offering and scaling up its presence in the Norwegian market.

Ola Gunnarsson, CEO at Aspia stresses that there is an increased demand for Nordic solutions among both Swedish and Nordic companies. The acquisition of Prokuria Polar will strengthen Aspia’s offering of day-by-day accounting and financial reporting as well as advisory services. “We recognize a growing complexity as companies expand from national to a Nordic or international market. This acquisition makes us at Aspia a reliable business partner that can support businesses’ growth journey and assure both value and confidence in this process. I value that Prokuria Polar, just like Aspia, has a perfect combination of both people and technology”, says Gunnarsson and adds: “They also believe in automation and digitalization, while striving to deliver the most advanced advisory offering on the market.”.

Together with Aspia, Prokuria Polar will continue to be a local and digital partner that delivers the markets best offering to their clients.

Aspia, including the newly acquired Prokuria Polar, will form a solid cornerstone for continued growth in the Nordic market as a leading business partner in accounting, payroll & HR, business advisory and tax.

For further information:

Pia Törnqvist
CMO Phone: +44 (0) 7787 558 193
+46 706 897 659

Portfolio Company News

Innovad to acquire Herbonis to strengthen natural specialty feed ingredients portfolio

Antwerp – Innovad®, a leading provider of animal nutrition and health solutions, is pleased to an- nounce that it is acquiring all the shares of Herbonis a Swiss-based company and its affiliates, including Wyreside in the UK. The acquisition aims to strengthen Innovad’s portfolio of natural speciality feed ingredients and align with its strategy of expanding into primary ingredients. Herbonis is recognised as a leader in a niche market and Panbonis, a product containing the plant-based source of the metabolic active form of Vitamin D, represents a unique and highly technical product with proven health benefits in poultry, swine and dairy. From its inception, Innovad has been formulating its products with plant- based ingredients and this acquisition will strengthen its position — adding capacity and knowledge to support the growth in its botanicals, nutraceuticals product portfolio.

Ben Letor, Innovad CEO: “We view Herbonis as a high quality and recognised leader operating in a niche market. Herbonis has an impressive track record, dedicated team, independent mindset, and outstanding know-how on botanicals. Herbonis Group highly scientific and plant-based proposition matches perfectly with Innovad’s strong strategic commitment to becoming the centre of excellence and knowledge in phytogenic and plant-based products. Natural solutions represent a megatrend in our industry to address sustainability objectives as well as consumer demand, provided that such plant-based alternatives are well-researched, well-documented, cost-effective and with the lowest carbon footprint.”

Raetus Boehlen, Herbonis CEO: “Having deep understanding of bioactive plants with proprietary analytical tools, Herbonis has succeeded in bringing to the market an effective 100% plant-based technology. Panbonis has demonstrated its performance and return through its strong customer base & partnership. Many publications and outstanding scientific dossier evidence its unique mode of action. Being able to include Panbonis as part of Innovad’s broader product portfolio will allow Herbonis to tap into new entry points with a broader customer base. It was essential for the owners of Herbonis to hand the company to a group that would continue to invest, support and recognise the value of Herbonis and its team.”

Massimo Neri, Innovad Director Europe: “We are highly motivated to combine Herbonis with Innovad. We believe that Innovad’s strong sales organisation, well-established European footprint and global commercial network perfectly fits with our strategy of delivering the Panbonis brand more directly to end users. With a presence in 75 countries, we expect Innovad’s platform to help accelerate brand awareness and market access for Herbonis’s products. Together, we can create a strong portfolio of innovative and sustainable solutions which will support animal health and welfare.”

Remko Hilhorst, Managing Partner at IK Partners and Advisor to the IK IX Fund: “In today’s volatile environment, it is exciting to be adding Herbonis to Innovad’s product portfolio as we continue to work with the management team to unleash its plan for further sustainable growth. We hope this will help establish the Innovad Group as a global primary producer and leader focused on botanicals, biomonitoring programmes and specialised in feed solutions.“

Portfolio Company News

Aspia helps businesses achieve sustainable growth with new ESG offering

Stockholm April 27th 2023 – Aspia is expanding their ESG offering and can now support its customers with an innovative digital tool for sustainability reporting as well as improved sustainability advisory services. The extended ESG offering is now available thanks to the acquisition of PURE ACT.

Aspia is expanding their ESG advisory services to businesses of all sizes. In addition to Aspia’s current ESG-solutions they are now able to offer an innovative digital tool for sustainability reporting as well as improved sustainability advisory services. This is all thanks to the acquisition of PURE ACT – that will now become part of Aspia. PURE ACT helps companies to accelerate and structure their sustainability iniviatives through a five-step process generated in an innovative digital tool for planning and reporting.

With this acquisition Aspia’s ambition is to strengthen their ESG initiative by offering tailored business advisory services. This helps companies of all sizes better comply with the new regulations in a sustainable way. Aspia is already established as the leading business partner in accounting, payroll and tax. Strengthening of the ESG offering is therefore a natural step towards an even more extensive business advisory offering.

CEO Ola Gunnarsson emphasizes ESG as a highly significant field with important regulatory changes that will affect all businesses moving forward. PURE ACT’s combination of a digital tool and advisory expertise is a perfect match for Aspia’s existing platform MyBusiness. “We considered various stakeholders on the market and immediately realized that PURE ACT is a company that fits perfectly with Aspia’s offering. Especially we value their combination of people and technology that is similar to Aspias.”

With this ESG initiative, Aspia enhances its position as a leading business partner that offers advisory services to help companies grow sustainably.

For further information:

Pia Törnqvist
CMO Phone: +44 (0) 7787 558 193
+46 706 897 659

Portfolio Company News

Renta acquires Del-Pin

Renta Group Oy (“Renta Group” or “Renta”) has reached an agreement to acquire A.L. DEL-PIN A/S (“Del-Pin” or “the Company”). Del-Pin is a Danish general rental company with nine depots located in the western parts of Denmark. The Company has more than 60 employees and annual revenues of almost DKK 100 million.

The acquisition marks a significant step forward on Renta’s journey to build a modern nationwide rental network in Denmark. With the acquisition Renta grows its network from 6 to 15 depots, significantly strengthening Renta’s presence in the western parts of Denmark.

We are very proud that we now can welcome one of Denmark’s oldest rental companies to the Renta family. Del-Pin is an excellent addition to Renta’s Danish operations with its local presence, highly skilled staff, and strong profitability. Del-Pin compliments our geographic presence perfectly and we will strive to continue to serve its customers with the same first-class service approach as before, while further benefitting from Renta’s broad product offering and digital solutions. The strong regional market position and experienced management team of Del-Pin create a solid foundation for serving more customers in the western parts of Denmark.

The acquisition is expected to be completed in May.

Kari Aulasmaa, CEO of Renta Group, said: 

“We are excited to welcome the Del-Pin team into the Group. Allan Del Pin, one of the pioneers in the Danish rental industry, has built a great company with a long history of excellent customer service and profitable growth. The acquisition complements our geographic coverage perfectly and is a significant step for us in building a nationwide network in Denmark. We look forward to working with the professionals of Del-Pin.”

Allan Del Pin, founder and owner of Del-Pin, said: 

“Our ambition has been to serve our customers to the full extent without compromise. We have been looking for a partner that is able to further develop Del-Pin in terms of ESG and digitalisation and in Renta we have found the perfect match. Combining our forces, we can serve more customers with a simple but hard to copy “good old service” in mind and this will ensure that our targets will be met, which are providing a nationwide coverage for rental services and retaining our commitment to exceptional service. Del-Pin’s and Renta’s values are aligned, and I see a bright future ahead for us working together.”