Context
Advania is a leading Nordic IT corporation that dates back to 1939, operating in 27 locations in Sweden, Iceland, Norway, and Denmark.
The company focuses on helping its customers to improve performance with innovative use of the best available IT platforms and services.
Advania is currently expanding in the Nordics and has made several acquisitions in recent years. The backing from Goldman Sachs is a part of the company’s strategy to become a Pan-Nordic IT services company.
About Advania AB
Advania is a Nordic IT corporation, operating in 27 locations in Sweden, Iceland, Norway, Finland and Denmark. The company focuses on helping customers to improve their performance with innovative use of best available IT platforms and services. Advania serves thousands of corporate customers, multinational enterprises, governments and public institutions, big, small and medium-sized companies in all aspects of society.
Advania traces its roots to 1939 when an Icelandic entrepreneur founded an office equipment repair workshop in Reykjavik. In the following decades, three separate branches of IT-companies evolved in three Nordic countries, Iceland, Sweden, and Norway. In 2012 they were braided into one and Advania was formed.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acts as Advisor to the Shareholders of Advania on its majority sale to Goldman Sachs funds
Bryan, Garnier & Co’s acts as Advisor to shareholders of Advania on the majority sale to Goldman Sachs funds alongside management, VIA Equity and other reinvesting shareholders
Bryan, Garnier & Co acted as Advisor to shareholders of Advania.
Bryan, Garnier & Co assisted the shareholders of Advania in providing valuation and process expertise and negotiating the transaction terms.
Shareholders of Advania chose Bryan, Garnier & Co as advisor on this transaction due to its long-standing client relationship with the company and shareholders, and its strong connections and unique relationship with the Bryan, Garnier & Co team in the Nordics. The acquisition of Advania Group in 2014 was structured and executed by Bryan, Garnier & Co and key shareholders, and since then nine acquisitions have been made across the Nordics. Bryan, Garnier & Co has advised Advania on multiple of these bolt-on transactions in Finland, Norway and Denmark.
This marks another transaction in the IT services industry for Bryan, Garnier & Co, following the acquisitions of Kompetera A/S, Accountor ICT Oy, Itello AS, Vintor Oy and Caperio Holding AB by Advania.
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