Nordic Capital Partners IV AS has sold its stake in Totalreform AS to First Mover Group AS (FMG), an industrial company within the office relocation space in Scandinavia. The transaction was closed in Q2 and we are pleased that Totalreform now has found a new home with one of its industry peers.
Since Totalreform was separated from NEAS in 2015, the company has made several improvements and now has a solid base for further growth and continued delivery of their services.
Totalreform will complement FMG both through competence and geographic location. In our opinion, this is a good solution for both shareholders and all other stakeholders in Totalreform.
NCP IV has received a settlement for their shares and the shareholder loan from the buyer.