September 1, 2025. Altor Fund IV (“Altor”) has entered into an agreement to divest Retta Oy and Retta AB (“Retta”) to Adelis Equity Partners (“Adelis”).
Altor invested in Retta, previously Realia Group, with the ambition to build a high-quality real estate management company. During Altor’s ownership, Retta has made significant digital investments, launched new service lines to offer a full lifecycle offering for real estate owners, and successfully expanded to Sweden. Today, Retta has established itself as one of the Nordic leaders in the B2B property management sector.
“We have worked closely with management to build a group with high quality services and a strong customer satisfaction. Many milestones later and with a strong market position, our partnership is now coming to a close. We want to thank the management team and applaud them for their hard work over the years. We look forward to seeing them grow in their next chapter with Adelis” said Bengt Maunsbach, Partner at Altor.
About Altor
Since inception, the family of Altor funds has raised more than EUR 12 billion in total commitments. The funds have invested in more than 100 companies. The investments have been made in medium-sized companies predominantly in Nordic and DACH with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Silo AI, Mandatum, Eleda, Kaefer and Toteme.
About Retta
Retta is the leading provider of B2B real estate management and other real estate services, serving institutional investors, real estate investors, property owners, and other commercial clients in Finland and Sweden.
About Adelis Equity Partners
Adelis is a growth partner for well-positioned companies in the Nordic and DACH regions. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 49 platform investments and more than 270 add-on acquisitions. Adelis manages approximately €4.5 billion in capital. For more information, please visit www.adelisequity.com.
