Aspia
Status
Realised
Country
Sweden
Strategy
Mid Cap
Sector
Entry
Jul-18
Exit
Dec-23
Fund
IK VIII
Website
News
IK Partners to sell Aspia to Vitruvian Partne...Aspia continues to strengthen its presence in...Aspia accelerates international expansion wit...Aspia helps businesses achieve sustainable gr...KPMG Sweden sells Business Accounting Service...PwC Sweden sells Business Services division t...
Leading provider of accounting, payroll and skilled advisory services in Sweden
Aspia ("the Company") is a leader within accounting, payroll, tax, and related services in Sweden. The Company primarily caters for small to medium-sized enterprises ("SMEs"). Aspia combines skilled advisory services with accounting services delivered and managed through a proprietary modular portal, MyBusiness, which incorporates multiple software-based solutions used by clients and employees for highly efficient digital service delivery.
IK Partners acquired Aspia from PwC in July 2018 and sold it to Vitruvian Partners in December 2023.
Our Value Creation Strategy
During our ownership, we worked alongside the management team 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 M&A.