Paving the way for a Pan-European leader and Digital disruptor in the Construction and Rental Services sector

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Paving the way for a Pan-European leader and Digital disruptor in the Construction and Rental Services sector

  • 11 September 2023

  • Private Equity

  • Co-Investment

  • Finland

Reading time: 2 minutes

    Renta, a versatile general rental company offering a range of construction-based services such as site modules, powered access platforms, scaffolding, and weather-protection solutions, crossed paths with Trinity Gate Investments in early 2022 during an ownership transition from their initial private equity fund to IK Partners.

    Since signing with Trinity Gate Investments, the company has received new equity enabling two significant acquisitions, contributing to 30% EBITDA growth.

    When we heard that IK Partners had signed the deal, we proactively contacted them. We knew about this sector thanks to past experience in the US, and we also knew about the Nordic region, which is quite attractive for the construction industry.

    Carole Barnay, Senior Managing Director, Co-Investment, Ardian

    As a Northern European rental company across eight countries, Renta has experienced remarkable growth, now standing as one of the foremost three companies within its operating markets. Notably, its net sales surged to 421 million euros in 2022.
     
    Renta's strength lies in its lean and efficient organizational structure and operational model. This approach removes unnecessary layers of hierarchies and gives them access to efficient and modern operational tools. Like Trinity Gate Investments, they are firm believers in value sharing and offer all their deposit managers the opportunity to become shareholders and invest in Renta.