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Aspia

Employees
c. 1,400
Offices
71
Customers
c. 30,000
Status
Current
Country
Sweden
Sector
Business Services
Entry
Jul-18
Fund
IK VIII
Website

Leading accounting and payroll business process outsourcing platform

Aspia is one of the leading companies in accounting, payroll and related advisory services with 71 offices and approximately 1,450 employees across Sweden. Aspia supports over 27,000 small to medium-sized enterprises (SMEs).

IK Partners acquired Aspia from PwC in July 2018.

What Attracted Us to the Business

  • Non-cyclical, growing market
  • Scalable platform and digital leadership
  • Broad customer base
  • Strong management team with proven track record

Our Value Creation Strategy

We are working alongside management to:

  • Continue organic growth and market share gains from increased penetration in the urban areas of Sweden;
  • Explore potential to add further services and cross-sell to the large customer base of SMEs;
  • Target larger customers as these were restricted when Aspia was part of Big Four firms due to audit regulations; and
  • Drive consolidation through mergers and acquisitions.

Investment Team

Christopher Masek

Chief Executive Officer
London

Alireza Etemad

Partner, Industrials Sector Lead
Stockholm

Carl Jakobsson

Director
Stockholm