Priveq Investment Fund IV (”Priveq”) is the new co-owner of 21 Grams, an outsourcing partner in physical and digital communication, aimed at further expansion and growth.
The current owners, the founders and other management will remain major owners of the company. Priveq’s entry provides additional resources and expertise to 21 Grams’ continued growth. 21 Grams offers postal management to corporate customers in the Nordics by leveraging its technology leadership in postage optimization, in combination with its unique set of knowledge and experience of post, print and document management software. The company’s offering allows customers to outsource their non-core production of bulk mailings, simplify their communication processes and to significantly reduce postage expenses by exploiting savings opportunities on deregulated postage markets.
21 Grams is a well-managed and profitable company showing strong growth. The company was founded in 2004 by Stefan Blomqvist, Jonus Bartholdson, Kaj Peterson and Jöns Bartholdson. Over the last five years, 21 Grams has shown profitable growth, organic as well as by acquisitions. The turnover in 2014 was SEK 545m. The company’s headquarters is located in Stockholm and has 1,000 customers and 35 employees in Sweden.
“We are very pleased to have Priveq as the new, active owner of 21 Grams. Priveq, with its extensive experience from more than 100 growth companies and its financial strength, is a perfect partner for 21 Grams in its continued growth.” says Stefan Blomqvist, founder and CEO of 21 Grams.
”With Priveq as partner, we are well prepared to invest in new services in digital communication as well as look for further acquisitions in the Nordics. This constellation will make it possible for us to keep our neutrality and thereby be able to find the best mix of services to customers, regardless of operator and channel” concludes Blomqvist.
“21 Grams’ strong product offering and its strong customer base of satisfied customers, create a good basis for further expansion. The staff and management are dedicated and competent and have developed an offer that creates value for customers. We look forward to being an active partner on the exciting journey ahead.” says Louise Nilsson, Partner and Investment Manager at Priveq Advisory AB, advisor to Priveq Investment.
For further information, please contact:
Stefan Blomqvist, founder and CEO of 21 Grams
Mob. +46 768 08 21 21