Priveq invests in Office Management

By 28/05/2012No Comments

Priveq Investment Fund IV L.P. (”Priveq Investment”) invests, through a newly formed holding company, in Office Management (“OM”), a complete supplier of office equipment, communication and IT solutions. The company’s founder, Johan Tilander, remains the largest shareholder after Priveq Investment and owns, together with OM’s former owners, about 35 % of the company. The change in ownership is a part of efforts to strengthen OM in its growth strategy, aiming to double sales within five years.

Office Management is a fast growing, well run and profitable company within complete office solutions with a high growth potential. The company was founded in 1993 by Johan Tilander and has since then shown a stable profitable growth, over time adding several new business areas resulting in today’s complete offering of products and solutions for offices. For the fiscal year 2011 the company had net sales exceeding SEK 600 m with an operating profit (EBITDA) of approximately SEK 53 m.

“OM’s complete offering of office solutions combined with an extensive customer base and large installed base of office equipment creates an excellent platform for future growth. OM has an efficient sales organization which combined with a strong service offering creates value for clients and makes it interesting for us to invest in OM’s continued development” says Mats Hjerpe, Partner and Investment Manager at Priveq Advisory AB, adviser to Priveq Investment, and continues “We have been following OM’s successful development over many years and we believe that that we, through our extensive experience in investing in privately held growth companies, will be able to contribute to a continued profitable expansion.”

“I see Priveq as the best possible partner for OM in the continued growth and development of the company where Priveq will strengthen us in strategic matters, acquisition plans and not least through the Board of Directors – in which I very much look forward to working with Priveq” says Johan Tilander, founder and largest shareholder of OM after Priveq Investment.

“Adding a financially strong partner with a broad experience of growth companies is very interesting for both the company and the management, and will help us to take the next steps in our development,” says Mats Ågren, CEO Office Management.

For further information, please contact:
Mats Hjerpe, Partner and Investment Manager, Priveq Advisory AB
Tel. +46-8-459 67 71

Johan Tilander, Founder, Office Management
Tel. +46-73-620 30 01

Mats Ågren, CEO, Office Management
Tel +46-8-734 30 02

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