Adelis Equity Partners acquires Retta

Investment firm Adelis Equity Partners has acquired Retta, a provider of B2B property management and real estate services in Finland and Sweden. 

Finland

This acquisition is a key move in Adelis' strategy to back strong businesses in the Nordic and DACH regions and a major milestone for Retta's continued growth.
During its ownership of Retta, formerly known as Realia Group, investment firm Altor focused on transforming the company into a top-tier real estate management business. Altor's investment supported significant advancements, including a major push into digital services, the launch of new service lines to cover the entire real estate lifecycle, and a successful expansion into Sweden. 
With the backing of Adelis, Retta can now tap into new resources and networks to further innovate and strengthen its position as a partner for real estate owners in the Nordic region.
Kari Virta, CEO of Retta, said: “We are excited to have Adelis as our new partner. Their deep experience in developing leading businesses and their growth-oriented mindset will help us further strengthen our services, continue innovating and developing our Nordic offering. Together, we will further accelerate our investments in digital solutions and accelerate our growth through complementary strategic acquisitions.” 
Rasmus Molander and John-Matias Uuttana at Adelis, commented: “We are very impressed by Retta’s strong market position, talented team and commitment to customer satisfaction. We look forward to working with the entire Retta organization to support their ambitious growth strategy. Our investment in Retta is a testament to our continued confidence in the Nordic real estate services market and our ability to partner with outstanding management teams.” 
Bengt Maunsbach, partner at Altor, added: “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”.