DNB Markets acted as sole financial adviser in the acquisition of PwC Sweden’s Business Services Division
IK Investment Partners has entered into an agreement to acquire PwC Sweden’s Business Services Division (“Business Services”). DNB Markets acted as sole financial adviser to IK Investment Partners in the transaction.
Business Services is the market leader in accounting, payroll and related advisory services with 71 offices and approximately 1,100 employees across Sweden. Business Services, which operates as a separate division within PwC, supports over 27,000 small and medium-sized enterprises (SMEs).
Business Services had a turnover of more than SEK 950 million in 2017, and has shown annual growth of 8% the last three years.