R12 Kapital new owners of Aditro

JULY 18 2013

R12 Kapital ("R12") acquires Aditro from Nordic Capital Fund V ("Nordic Capital"). Aditro is a Nordic leader in payroll, HR and finance solutions.

Aditro operates in Sweden, Finland, Denmark, Norway and Estonia and provides software solutions and services for operative and strategic HR, payroll administration and financial resource management. Aditro has 1,300 employees and serves over 12,000 private and public sector customers. In 2012, the company reported revenue of SEK 1,457 million (EUR 167 million). 

"I'm very pleased with R12's commitment to support the development of Aditro. We have a leadership position in this segment and will continue to support our extensive customer portfolio by developing our offering and securing positive customer experience", says Johan Berg, CEO of Aditro.

"With its leading market position Aditro is very well positioned to  leverage on the ongoing shifts in technology and business models. We see a great opportunity in Aditro, which fits our investment philosophy", says Per Hesselmark from R12. 

"In the last years Aditro has made significant investments in its software offering and operational performance, and is now uniquely positioned to continue to develop its business, market position and innovative offering," says Claes Bodell, Principal, NC Advisory AB, advisor to the Nordic Capital Funds.

The parties have agreed not to disclose details regarding the transaction.

The transaction is subject to customary conditions including competition clearance.

Contact information

Pelle Bourn, CFO Aditro
Email: pelle.bourn@aditro.com
Tel +46 733 33 99 90

Johan Berg, CEO Aditro
Email: johan.berg@aditro.com
Tel. +46 73 370 30 25

Nordic Capital
Katarina Janerud, Communications Manager
NC Advisory AB - Advisor to the Nordic Capital Funds
Email: katarina.janerud@nordiccapital.com
Tel. +46 8 440 50 69

Per Hesselmark
Email: per@r12kapital.se
Tel +46 70 747 07 02

About Aditro
Aditro is a leading provider of solutions and services
for Human Resource Management, Payroll and Financial Resource Management. We support our customers in developing and operating their processes to create an optimal flow for a day in the office.  Thousands of customers in both private and public sectors trust our innovative and comprehensive offering. They are served by over 1,300 skilled Aditro professionals in Sweden, Finland, Denmark, Norway and Estonia. After half a century of Nordic leadership in HRM and FRM solutions, Aditro has the extensive know-how and experience to help you simplify your work day and free you to focus on your business.
Visit www.aditro.com

About Nordic Capital
Nordic Capital private equity funds have invested in large and medium sized companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds' investors are principally international institutions. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. Nordic Capital Funds are based in Jersey, Channel Islands and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. Additional information about Nordic Capital is available at www.nordiccapital.com

About R12
R12 is a Swedish holding company managed by co-owners Per Hesselmark and Hans Ramel. The company's largest owner is the family of Robert af Jochnick. Please refer to www.r12kapital.se for further details.