Funds advised by KLAR Partners Limited (KLAR Partners) have invested in Oleter Group, a Property damage restoration (PDR) provider in the Nordic region.

KLAR has invested as a growth partner alongside the existing owners and management with the objective of developing the company into a provider of PDR services in Northern Europe.

Oleter Group consists of Ocab and Frøiland Bygg Skade (FBS), market-leading providers of property damage restoration services. The service offering includes damage inspection, pest control and restoration of fire and water damage. The group has a strong geographical presence in Sweden and Norway with close to 1,700 employees in 90 locations. In 2020, Oleter Group had sales of approximately SEK2 billion.

The investment in Oleter Group is in line with KLAR’s strategy to invest in companies providing mission-critical services in resilient and growing markets.

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Source: Private Equity Wire