European private equity fund acquires majority stake in Aider: positions the company for further growth

Castik Capital, a leading European private equity fund, has acquired a majority stake in Aider, one of Norways fastest-growing competence houses in accounting, advisory and technology. The transaction marks the beginning of a new growth chapter for Aider, with ambitions to become a Nordic market leader.

To personer i parken

Following the acquisition, funds managed by Castik Capital will own 55 percent of the shares, while over 160 Aider employees retain a significant stake of 45 percent.


– This is a strong signal that we are building something together – with our people as owners, says Andreas Vik, CEO and co-founder of Aider.


 


From basement start-up to billion NOK revenue


Founders Andreas Vik and Knut Grotli started Aider in 2019. Today, the group employs over 1,100 people, including 100 technologists, and serves more than 9,000 clients across the country.


– It started with a clear goal: to put people first and use technology to create value. Today we are a leading player at the intersection of accounting, advisory and IT – and we have only just begun, says Vik.


 


 

A strategic partnership for further growth


Since its inception, Aider has completed over 50 acquisitions, with several of the acquired companies reinvesting in the group. The growth strategy is now further strengthened.


– Aider has created a unique corporate culture and a strong market position. We are pleased to support the company in its next phase of growth, says Simen Opsal, Investment Partner at Castik Capital.


 

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Nordic growth ambitions


The partnership provides Aider with access to new equity and stronger financial resources. In addition, the company recently secured a bond loan of NOK 1.6 billion to support long-term growth.


– We will continue to challenge the industry, grow in Norway and expand across the Nordics. We are now well positioned for further strategic acquisitions, technological development and even greater focus on developing our employees, says Vik.


Aiders organic growth in 2023 exceeded 20 percent. Revenue reached NOK 838 million, while EBITDA was NOK 111 million. In 2024, the company aims for revenue of NOK 1.5 billion.


Full control over execution and advisory


Aider has used Carnegie as financial advisor and Haavind as legal advisor for the transaction. Castik Capital has been assisted by Arntzen de Besche, PwC, William Blair and Bain & Company.


The purchase price has not been disclosed, but Aider has announced an upcoming investor presentation for bondholders with further details.


 

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