Procuritas Capital Investors V teams up with entrepreneurs to create Werksta
Procuritas Capital Investors V teams up with entrepreneurs to create Werksta, a leading chain of independent car collision repair workshops
Guernsey/Stockholm
Procuritas Capital Investors V has since June 2015 acquired eight collision repair workshops in Sweden through a newly established holding company. The group’s objective is to expand in the Nordic region and become the preferred partner to car owners, insurance companies and fleet owners.
Werksta currently has annual revenues of approximately 200 MSEK and can be found in seven locations across Sweden. The group plans to continue to expand in both Sweden and other Nordic countries, and develop the concept to become the leading provider of collision repair services. Selling entrepreneurs remain minority shareholders in the Group.
“We are excited about the opportunity to team up with some of Sweden’s leading workshop entrepreneurs and jointly develop the fragmented Nordic car collision repair market. As a group we have the resources to invest in process and service improvements and become an attractive partner for other stakeholders in the industry.” says Mattias Feiff, Partner at Procuritas Partners AB
“Our mission is to become the preferred partner to our customers and to increase end-customer satisfaction by simplifying, and in some cases re-inventing processes and increasing quality. We also aim to become the preferred partner for the insurance companies by lowering the total cost of the repair process. Furthermore, we have the ambition to become the most attractive employer in the industry by offering training, career progression and opportunities to work in different locations” adds Urban Magnusson, Managing Director of Werksta Group in Sweden.
For further information, please contact advisors to PCI V:
Björn Lindberg, Partner, Procuritas Partners AB
tel. +468 506 143 15
Mattias Feiff, Partner, Procuritas Partners AB
tel. +468 506 143 08
About Procuritas Capital Investors V
Procuritas Capital Investors V, LP (“PCI V”) is a private equity fund focusing on mid-sized companies in the Nordic Region. PCI V is advised by Procuritas Partners AB and Procuritas Partners GmbH. Founded in 1986, Procuritas has been a pioneer in introducing the concept of MBOs in the Nordic region.