Roschier represented funds advised by IK Investment Partners Ltd in the acquisition of the Business Services division of PwC Sweden. The Seller is Öhrlings PricewaterhouseCoopers AB.
The Business Services division acts within accounting, payroll and advisory services, with 71 offices and approximately 1,100 employees across Sweden and over 27,000 customers in the small and medium-sized enterprise (SME) segment. The Business Services division had a turnover of more than SEK 950 million in 2017 and represented roughly one fifth of PwC's turnover.
The transaction, which is expected to close in June 2018, is subject to customary approvals, including concluded negotiations with relevant trade unions.