Valentum advised the owners of Frontit on the sale to Priveq.
The private equity firm Priveq has acquired a majority share of Frontit, an expansive consultancy firm, with focus on services in management and IT. Since 2007, Frontit has been owned and operated by one individual owner, Pierre Bjurhager, together with management and other employees. Through this transaction, the company will strengthen its position and facilitate continued growth with Priveq as a partner.
Since 2007, Frontit has opened up offices in Stockholm, Sundsvall, Västerås, Örebro, Norrköping and Malmö and employs a total of 190 people. CEO, Anneli Angeling, together with the management and co-workers, will remain in the company. Previous owners will continue to be part of the ownership structure.
Frontit offers experienced advisers within management and IT to both the private and public sector. Frontit contributes with competence and experience when companies and organisations go through structural changes. Seven years running, the company has been chosen as one of the best places to work in Sweden by “Great Place to Work” and had a turnover of SEK 189 million in 2017.
“We are very pleased to have Priveq as a new partner. We look forward to the next stage of development and are convinced that Priveq, with experience of owning more than 100 expansive companies, will contribute to an exciting future”, says Anneli Angeling, CEO at Frontit.
“We’re impressed by how Frontit, through their services, has created a niche in the Swedish market. We look forward to working together in the future and actively contribute to their growth”, says Henrik Westfeldt, partner at Priveq.
Valentum’s project team consisted of Joakim Tengzelius, Henrik Jakobsson and Henrik Falkenby.