Carspect
Status
Realised
Country
Sweden
Strategy
Small Cap
Sector
Entry
Aug-18
Exit
Aug-24
Fund
IK SC II
Website
News
IK Partners completes the sale of Carspect Gr...IK Investment Partners to acquire A-Katsastus...
Leading provider of vehicle inspection services in Sweden, Estonia and Latvia
Carspect Group (“the Company”) is a leading provider of vehicle inspection services in Northern Europe. At the time of exit, the Company had 147 stations in Sweden, Estonia and Latvia. The service offering included Periodic Technical Inspections (“PTIs”), registration inspections, voluntary checks and related services for passenger cars, light trucks, buses and lorries.
IK Partners acquired Carspect from A-Katsastus Oy, a Bridgepoint portfolio company, in August 2018. IK sold its stake in the Company to TÜV SÜD in August 2024.
Our Value Creation Strategy
During our ownership, we worked alongside management to:
- Continue greenfield expansion in Sweden;
- Develop the service offering; and
- Further strengthen its position in the Baltic market, both organically and through M&A strategies.