Celero Capital has closed a special purpose vehicle to acquire interests in its portfolio company Reledo, providing liquidity to certain existing investors while securing new capital to support the company’s next phase of growth.
The newly formed vehicle, Delore Fund (D) AB, was established to purchase stakes in Reledo from select co-investors and shareholders. The transaction enables partial exits for existing backers while allowing Celero to continue driving value creation and expansion across Northern Europe.
Schroders Capital acted as lead investor and underwrote the oversubscribed vehicle, with additional commitments from other investors. The structure reflects continued investor appetite for high-performing lower mid-market assets and GP-led transactions.
Reledo, a Nordic facilities management provider focused on the SME segment, has demonstrated strong growth since its formation in 2023. Built through the merger of four companies, the platform has scaled rapidly via a buy-and-build strategy combined with organic expansion, completing 26 acquisitions across Sweden, Finland, Norway, and Denmark. The company has grown EBITA approximately elevenfold over this period and is now entering its next stage of development.
The additional capital from the SPV is expected to fund continued acquisitions and geographic expansion, reinforcing Reledo’s position in the Nordic market and supporting entry into new regions.
PJT Partners served as exclusive financial advisor on the transaction, with Hansen Advokatbyrå and Andulf acting as legal counsel. The transaction remains subject to regulatory approval.
KEY QUOTES
“We are very pleased to have the opportunity to partner with our new investors in Reledo and look forward to working with them and our existing investors through the next stage of our ownership of the Company. We would also like to thank the investors who will be selling through the Transaction for their valued support of Reledo up to this point in time.”
Peter Möller, Managing Partner, Celero Capital
“We are excited to continue our partnership with Celero to support Reledo’s continued growth – consolidating its leading position in the Nordics and driving expansion into new markets.”
Petr Poldauf, Senior Investment Director, Schroders Capital
