We advise funds advised by KLAR Partners Ltd on the acquisition and related financing of Empower IM Oy, a leading Finnish provider of software and BPO services in the energy sector, from Empower Group.
The Energy Intelligence business carried out by Empower IM Oy provides mission-critical software and BPO services for smart grids, energy market functions, smart energy metering and utilities.
KLAR Partners is an independent, mid-market private equity firm focused on control investments in companies that deliver mission-critical products and services with transformational potential. The firm invests in, and transforms businesses, in the range of EUR 50-500m in sales, primarily across the Nordics, DACH and Benelux regions. With investment professionals located in London, Stockholm, Frankfurt and Brussels, KLAR has a strong track record in the execution of complex transactions such as corporate divestments. The firm’s senior professionals have worked together for many years and have more than 50 years of combined investment experience in the business services and industrials space. The acquisition marks KLAR Partners first transaction.