Nordhaven advised MIAB AB in the acquisition of N-Clean Oy

31 jan 2019

Nordhaven Corporate Finance advised MIAB AB, the largest independent cleaning and facility management company in Sweden, in the majority acquisition of N-Clean Oy, a Finnish cleaning specialist. The transaction creates the leading Nordic cleaning and facility management company with annual revenues over EUR 100 million. The combination of these family operations is more than just sum of parts as their service offering complements each other and will boost the growth of both companies.

“With the help of Nordhaven, we were able achieve all the targets we set for this transaction and even exceed them. The result was excellent for MIAB and also for the Nurmi family who are the founders of N-Clean. I am highly satisfied with the work done by Nordhaven. Their strong commitment, personal level involvement and professionalism was impressive and made a decisive contribution to the successful outcome of the transaction" says Paavo Nerg, the founder and main owner of MIAB.

MIAB AB is the largest independent cleaning and facility management company in Sweden. The company was founded in 1979 and today runs nationwide operations. It has specialised in providing solutions and services in facility management for various type of business customers and has a particularly strong position in hospital related cleaning services. MIAB's annual revenues are approximately SEK 550 million and the company employs c. 1,500 people.

N-Clean has a strong market position in hospitality related cleaning, including hotels and passenger ferries. In recent years, they have also grown rapidly in other customer segments such as retail and health care. N-Clean has revenues of over EUR 40 million and the company employs about 1,850 people, 13% of which in Sweden.

 

For further information, please contact:

Mika Jalamo, +358 40 521 1002, mika.jalamo@nordhaven.com

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