Published On: 2023-05-31

Celero Capital has signed agreements with the owners of four firms – ICG Sverige AB, Ekebybruk Städ och Lokalservice AB, Bofint Städservice Sverige AB and Exiso AB – to establish Reledo with the ambition of becoming a leading player in the facility management industry, providing tailored solutions to the SME segment. The entrepreneurs and management team will own approximately 15% of the new group.

By combining four highly successful companies, Reledo will already at inception have a solid position in the Swedish market and be able to provide customers with broad and tailored service offering for their facility management needs. As of March 2023, Reledo had proforma sales of around SEK 230m and currently employs more than 400 employees.

The Facility Management market – including cleaning and food & beverages – is a sizeable and fragmented market that over time has delivered solid growth with limited cyclicality, benefiting from a continued outsourcing trend.

The establishment of Reledo represents the first step for Celero Capital in consolidating the SME segment of the facility management market in the Nordics. Celero is currently in dialogue with a number of high quality and customer-oriented companies and is looking forward to expanding Reledo further in the near future.

Peter Möller, Managing Partner at Celero Capital, commented: “We are proud to announce the launch of Reledo in partnership with ICG, Bofint, Ekeby and Exiso. The creation of Reledo builds on Celero’s experience both in terms of partnering with entrepreneurs as well as pursuing buy-and-build strategies. We now look forward to rapidly developing Reledo, by reaping the benefits of working together as a group and by acquiring complementary businesses across the facility management market”

The CEOs of the four companies; Carlos Said, Karin Linden, Lucas Börjesson and Mikael Norden, jointly commented: “We are excited to become part of Reledo and are looking forward to developing the group together with Celero Capital. By working together, we will be even better positioned to deliver broader and flexible facility management solutions to our customers. With a mission to create pleasant workplaces and simplify our customers´ everyday life”

Celero Capital was advised by Rene Partners, Hansen Advokatbyrå, Arkwright, Deloitte and Frank Partners.