IK Partners, a European private equity firm, as reached an agreement to sell Aspia AB (Aspia), a technology-enabled accounting, payroll, tax and advisory services company, to international investment firm Vitruvian Partners (Vitruvian).
Aspia was formed in 2018 when IK’s flagship Mid Cap fund at the time, IK VIII, made a series of acquisitions starting with the Business Services division of PwC in Sweden and shortly followed by the Accounting and Payroll business of KPMG in Sweden and Independent Tax Advisor Skeppsbron Skatt.
Further financial details of the deal were not disclosed.