Sambla Group acquires Rahalaitos from Speqta and strengthens its position in the Nordic region

Nordic Capital
Sambla Group acquires Rahalaitos from Speqta and strengthens its position in the Nordic region Image

 

Sambla Group AB (“Sambla Group”) has entered into an agreement with Speqta AB (publ) (“Speqta”) to acquire the leading Finnish comparison site Eone Oy (“Rahalaitos”). Together with Rahalaitos, Sambla Group will gain an even stronger position in the Nordic region and continue to drive the development of the industry.

Sambla Group consists of Sambla and Advisa and is one of the Nordic region’s largest players in comparison sites for personal finance. By helping customers compare loan terms and consolidate their loans and insurance, Sambla Group can improve terms and reduce costs for borrowers.

Rahalaitos is a Finnish fintech company that since 2011 has been offering a marketplace that connects consumers with banks, lenders and insurance companies through technology and services. Rahalaitos has been a pioneer in Finland in developing better opportunities for its customers to apply for loans.

Per Österström, CEO, Sambla Group comments:

“Both Sambla Group and our owner Nordic Capital have during a longer period followed Rahalaitos and we are impressed of how the company has developed. Rahalaitos management has successfully navigated through the Covid-19 related challenges and delivered profitable return. We are looking forward to working with Rahalaitos management and employees, and together grow and achieve new opportunities to product development that improves the economy of consumers and drives a positive development of our industry.”

Tuomas Riski, incoming CEO, Rahalaitos comments:

“I have always been impressed with Rahalaito’s ability to build its product offering for its customers. It is a basis for succeeding in helping Finnish consumers get the right conditions. Therefore, it feels incredibly exciting to become a part of Rahalaitos and Sambla Group, and I believe my experience of product development together with Rahalaito’s strong brand will create an even stronger success story.”

Fredrik Lindros, CEO, Speqta comments:

“Rahalaitos have delivered good and stable profitability and have been a successful and value creating acquisition for us even despite the challenges during the pandemic. Now we chose to be a part of the consolidation on the loan brokerage market, and we see that Rahalaitos will get better opportunities to continue to develop within the Sambla group and with their strong owners Nordic Capital.”

 Christopher Ekdahl, Principal, Nordic Capital Advisors comments:

“Nordic Capital is impressed by the added value that both Rahalaitos and Sambla Group create by improving its customers’ personal finances. With their combined digital profile, we are convinced that this merger will continue to drive the development of the industry. Nordic Capital looks forward to continuing to support the joint team.”

 

Media contacts:

Sabla Group

Per Österström, CEO
per.osterstrom@samblagroup.com
tel: +46 707 80 55 63

Speqta AB (publ)

Fredrik Lindros, CEO
e-mail: fredrik.lindros@speqta.com
tel: +46 723 10 66 66


About Sambla Group

Sambla Group consists of Sambla and Advisa and is one of the Nordic region’s largest players in comparison sites for personal finance. By helping customers compare loan terms and consolidate their loans and insurance, Sambla and Advisa can improve terms and reduce costs. Both companies have a very high level of customer satisfaction thanks to modern user interfaces and strong common corporate values. Sambla Group focuses on increased product development, an even higher level of service and access to additional competitive offers that benefit more customers. The company has partnerships with over 40 banks and lenders in Sweden, Norway, Finland and Denmark. To date, Sambla Group has helped over 500,000 customers to improve their personal finances. For more information, please see www.samblagroup.com

 

About Rahalaitos

Rahalaitos is a Finnish fintech company that since 2011 has been offering a marketplace that connects consumers with banks, lenders and insurance companies through technology and services. Rahalaitos offers a wide range of financial services that improve consumers’ daily lives while providing cost savings. The main focus is comparisons of loans and insurance through proprietary technology. Rahalaitos has been a pioneer in Finland in developing better opportunities for its customers to apply for competitive loans.

 

About Speqta
Speqta offers the best performance-based lead generation-platforms using data and AI, and shall grow organically and though acquisition in new and current markets. The company has two business areas, Speqta AdTech and Speqta Content & Comparison. The company is listed on Nasdaq First North Premier Growth Market in Stockholm under the ticker “SPEQT.

 

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, and Norway. For further information about Nordic Capital, please visit www.nordiccapital.com

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RV Rental Marketplace Leader RVshare Raises $100+ Million in Growth Capital Led by KKR

KKR

AKRON, Ohio and AUSTIN, TexasOct. 21, 2020 /PRNewswire/ — RVshare, the world’s first and largest peer-to-peer RV rental marketplace, today announced a $100+ million fundraising round led by global investment firm KKR, with participation by existing investor Tritium Partners. The fundraising will provide capital, as well as access to KKR’s operational resources and global network, to help RVshare build on its leadership position and record 2020 growth with goals to rapidly scale the RV rental industry.

RVshare connects travelers looking to experience RV travel with RV owners interested in turning their RV into a second source of income. Since the company’s founding in 2013, RVshare has successfully built a leading position in the emerging market of RV rentals, amassing more than two million days booked on its platform and over 100,000 RVs ranging from luxury motorhomes to campervans to travel trailers.

“At RVshare, our mission is to expand the definition of travel, providing a unique, seamless experience that will allow travelers to build lifelong memories with loved ones,” RVshare’s CEO Jon Gray said. “I am very proud of our employees and thankful to our customers for helping build RVshare into the market leader it is today – and we are only at the beginning of where our business can go. This financing and the support of KKR’s global platform positions us well to invest in future growth and provide the best experience for our owners and renters.”

“We are thrilled to work together with RVshare to build on the success they have achieved to date as a market leader in an important yet underserved category of travel,” said Jake Heller, Co-head of KKR’s Technology Growth team in the Americas. “Jon and team have proven they can deliver explosive growth with impressive capital efficiency and we look forward to leveraging KKR’s global experience and network in mobility, travel and technology to help unlock new opportunities for RVshare.”

Ben Pederson, Principal with KKR’s Technology Growth team, added: “RVs are the preferred accommodation for the more than 40 million US households that go camping each year. Younger generations of travelers are discovering and embracing domestic travel and RVshare is providing a seamless marketplace experience where RV owners can share their passion for camping and unlock the value of their assets.”

“RVshare has helped provide amazing travel experiences for millions of travelers and has seen sensational growth since its founding,” Managing Director of Tritium Partners Phil Siegel said. “As a result of the pandemic, RVshare has seen an acceleration of growth as consumers have sought out RVs as a way to travel during these challenging times. Tritium is excited to continue investing in this team, business, and a category that is just getting started. Adding the KKR team, with their fantastic set of experiences and resources, will help take RVshare to much greater heights.”

KKR is making its investment through its Next Generation Technology Growth Fund II, a global fund dedicated to growth equity investments in the technology space. KKR has established a strong track record of supporting technology-focused growth companies, having invested over $2.7 billion in related investments since 2014.

GCA Global served as financial advisor to RVshare on the deal.

About RVshare
RVshare is the first and largest peer-to-peer RV rental marketplace. With more than 100,000 vehicles available, RVshare’s diverse inventory ranges from affordable travel trailers to luxury motorhomes and can accommodate any outdoor adventure, whether it’s a weekend of camping or a cross-country tour of national parks. Through RVshare, families and groups can experience a one-of-a-kind trip and create memories that will last a lifetime. In addition to offering a unique travel experience, RVshare provides RV owners in North America the opportunity to turn their RV into a second income. For more information, visit www.rvshare.com. Follow us on FacebookInstagramTwitter, and YouTube.

About KKR 
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Tritium Partners
Founded in 2013, Tritium Partners is a private equity firm focused on technology and services companies with exceptional growth potential. Tritium’s founder team, which came together from strategic consulting and boutique banking backgrounds, has exclusively focused on growth investing in their careers. With > $900 million of assets under management, Tritium actively partners with talented founders and executives to build market-leading companies through high-growth initiatives, while maintaining capital efficiency. Tritium’s approach emphasizes creating long-term value through strategic growth initiatives and acquisitions, with a focus on FinTech and financial services, Internet marketplaces, software data and analytics, supply chain and logistics, and tech-enabled business services.

SOURCE RVshare

Related Links

http://www.rvshare.com

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