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Partena

Status
Realised
Country
Sweden
Strategy
Mid Cap
Sector
Business Services
Entry
Dec-92
Exit
Dec-95
Fund
IK 1989

Leading provider of catering, cleaning, care and security services

Partena was, at acquisition, a leading provider of contracted catering, cleaning, care and security services in Sweden and Norway.

The IK 1989 Fund acquired Partena from Procordia/BCP Group in December 1992, before IK’s stake was sold to Sodexo in December 1995.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Complete selective add-on acquisitions;
  • Reorganise the security division before divesting it; and
  • Make operational improvements, partly by restructuring the organisation.