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Aspia

Employees
1,250
Offices
55

Leading accounting and payroll business process outsourcing platform

Aspia is a leader within accounting, payroll, tax, and related services in Sweden with 55 offices and 1,250 employees. Aspia primarily caters for small to medium-sized enterprises (“SMEs”) as well as larger corporates.

IK Partners acquired Aspia from PwC in July 2018.

What Attracted us to the Business

  • Non-cyclical, growing market
  • Scalable platform and digital leadership
  • Broad customer base
  • Strong management team with proven track record

Our Value Creation Strategy

We are working alongside management to:

  • Continue organic growth and market share gains from increased penetration in the urban areas of Sweden;
  • Explore potential to add further services and cross-sell to the large customer base of SMEs;
  • Target larger customers as these were restricted when Aspia was part of Big Four firms due to audit regulations; and
  • Drive consolidation through M&A.

Investment Team

Christopher Masek

Chief Executive Officer
London

Alireza Etemad

Partner, Industrials Sector Lead
Stockholm

Sara Wedin

Director
Stockholm