Paving the way for a Pan-European leader and Digital disruptor in the Construction and Rental Services sector
Growth stories
Paving the way for a Pan-European leader and Digital disruptor in the Construction and Rental Services sector
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11 September 2023
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Private Equity
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Co-Investment
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Finland
Reading time: 2 minutes
Since signing with Ardian, the company has received new equity enabling two significant acquisitions, contributing to 30% EBITDA growth.
When we heard that IK Partners had signed the deal, we proactively contacted them. We knew about this sector thanks to past experience in the US, and we also knew about the Nordic region, which is quite attractive for the construction industry.
As a Northern European rental company across eight countries, Renta has experienced remarkable growth, now standing as one of the foremost three companies within its operating markets. Notably, its net sales surged to 421 million euros in 2022.
Renta's strength lies in its lean and efficient organizational structure and operational model. This approach removes unnecessary layers of hierarchies and gives them access to efficient and modern operational tools. Like Ardian, they are firm believers in value sharing and offer all their deposit managers the opportunity to become shareholders and invest in Renta.
A Co-Investment story at Ardian
Learn more about Ardian’s co-Investment in Renta, a versatile general rental company offering a range of construction-based services
From the beginning, Renta has had four strategic fundamentals in place that explain very well our success so far. Firstly, we have a local business model: Rental is a business that needs to be managed on-site. Secondly, Renta has become a frontrunner in terms of digital development. Renta's structure and operational model is very lean and efficient. Finally, we also offer all our deposit managers the opportunity to become shareholders and invest in Renta.
Not only is Renta a frontrunner but has achieved disruptor status within the industry for their use of technology, making the collaboration between customers and Renta simple and efficient through digital tools. The rental system presents a unique and sustainable method of using and re-using construction equipment. With our support, Renta has established itself at the core of the sharing economy and is currently optimizing its EU taxonomy alignment. Our priority is to collaborate with Renta on its ambitious expansion strategy in the upcoming years.
