Target Overview

Coeli Group and their long-term investment partner, Aspira Partners, successfully executed a partial exit from their investments in Teqt Group and Qflow Group. This transaction, which involves substantial share holdings in both companies, has attracted bids from institutional investors totaling over 850 million SEK. The deal signifies a successful divestiture for Coeli, Aspira, and several other investors, predominantly comprising clients from Coeli's Wealth Management sector and investor networks.

Industry Overview

The Teqt Group, established in 2021, has quickly ascended to become a Nordic leader in roofing installations, achieving impressive revenue growth from approximately 250 million SEK to over 2 billion SEK. With a portfolio of 43 companies and more than 50 offices across Sweden, Norway, Finland, and Germany, Teqt employs over 900 staff members and provides a comprehensive range of roofing services including renovations, new constructions, metal works, maintenance, solar panels, and niche segments such as green roofs.

Qflow Group, founded in 2022, has emerged as a leading specialist firm in the technical consulting market, growing from approximately 120 million SEK to over 1.4 billion SEK in revenue. It comprises 23 companies, with offices in Sweden and Norway and over 875 employees. Qflow delivers specialized consulting services in infrastructure, building construction, energy & environment, and inspection & control.

Both companies have demonstrated robust development through strategic acquisitions and organic growth, establishing themselves as key players in their respective industries. Their profitable business models and growing margins reflect a strong corporate culture, which has facilitated the successful journey of these companies.

Rationale Behind the Deal

This partial exit highlights the value created for investors and the effectiveness of Coeli's Private Equity strategy, which emphasizes developing profitable companies within the 'small' and 'mid-cap' sectors. The structured approach to value creation and the targeted investment teams have proven effective, especially during periods of market uncertainty. The exit also reaffirms the successful partnership between Coeli and Aspira, having maximized returns for their investors from the inception of the alliance.

Investor Information

Coeli Group, spearheaded by Erik Bäckström, focuses on uncovering value in businesses within the Private Equity space. Their continued commitment to turning profitable investments into substantial returns resonates with clients, notably during fluctuating market conditions. The strategic collaboration with Aspira Partners, led by Andreas Bruzelius, underscores their mutual goal of building market-leading companies through a structured investment strategy.

View of Dealert

This partial exit from Teqt and Qflow represents a potentially advantageous investment, as it highlights the growth trajectories and solid market positions of both firms. The execution of this deal at a significant valuation indicates strong confidence in their future performance, reaffirming the successful leadership and strategic decisions taken by Coeli and Aspira.

Given the dramatic revenue increase and established market presence of both companies since their inception, this exit could inspire further interest from potential investors looking for commitment to growth in essential industry sectors. Furthermore, the robust returns achieved thus far suggest that the strategic approach employed by Coeli and Aspira is indeed effective, reinforcing the potential for continued success in their future investments.

Investors considering future opportunities with Coeli and Aspira can look forward to potential profitable ventures, capitalizing on the expertise and comprehensive understanding of niche markets established through these companies. Overall, this transaction sets a positive precedent for what lies ahead for Coeli and Aspira's investor base.

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