We liked the look of RenoNorden’s niche business strategy and acquired the company in 2008. We particularly liked the company’s approach to collecting waste – it prioritised both cost and operational efficiency. When we got to know the company, we saw it had a solid, scalable business model offering the potential for significant acquisitive growth. In partnership with us, the company embarked on a series of Swedish and Danish acquisitions, which gave the company a leading market position in the Nordics. We exited the business in 2011.

  • Investment date: June 2008
  • Exit date: June 2011
  • Industry: Business Services
  • Fund: Fund V
  • Web page: www.renonorden.com