mynth
10/2024MajorityLBO

Castik Capital takes majority stake in Aider

NORWAY Professional Services / Consulting & Audit / Accounting & Audit EV NOK 1–10bn

Context

By taking control of the Norwegian competence house Aider, the European private equity fund Castik Capital integrates a rapidly expanding professional services platform that targets an annual NOK 1–10bn and an EBITDA of NOK 250–500M. Concurrently with this equity restructuring, the acquired corporate entity successfully secured a substantial long-term financing mechanism through a dedicated bond issue totaling NOK 1.6 billion. Strategically, the influx of fresh institutional equity and robust debt capital is strictly allocated to fund a massive structural expansion across the broader Nordic market. The corporate board intends to deploy these new financial resources to aggressively accelerate its established buy-and-build consolidation program, directly targeting further strategic acquisitions within the regional accounting and IT advisory sectors. Additionally, the partnership focuses heavily on scaling the proprietary technological infrastructure and expanding the digital capabilities available to the target's corporate client base. The complex execution of this cross-border financial transaction required the mobilization of a comprehensive syndicate of Tier 1 advisory firms. On the sell-side, the target's founders and executive board mandated Carnegie to act as the exclusive financial advisor, while comprehensive legal structuring for the sellers was managed by Haavind. Conversely, the acquiring private equity sponsor secured extensive buy-side transaction support from a diverse consulting consortium. Arntzen de Besche provided the primary legal counsel for the purchaser, with critical financial due diligence and strategic risk assessments rigorously executed by specialized teams from PwC, William Blair, and Bain & Company. By finalizing this landmark investment, the buyer fundamentally positions its new subsidiary to dominate the regional niche, actively challenging legacy industry structures through superior technological enablement.

-> Deep-dive in Business Services market trends

Target

Based in Norway and expanding across the Nordic region, Aider operates as a tech-enabled competence house specializing in accounting, strategic advisory, and IT services. Founded in 2019 by entrepreneurs Andreas Vik and Knut Grotli—who continue to steer the organization as Chief Executive Officer and Chairman respectively—the firm primarily delivers integrated financial solutions to small and medium-sized enterprises. The core business model operates at the intersection of traditional accounting and advanced technological deployment, optimizing complex administrative workflows for corporate clients. Structurally, the group functions as a consolidated platform, having executed a rigorous buy-and-build strategy encompassing fifty distinct acquisitions since its inception. This aggressive expansion framework has systematically built a robust operational infrastructure that currently serves a diverse portfolio of over 9,000 active clients. To support this massive base, the enterprise relies on a highly specialized workforce exceeding 1,100 professionals, notably including a dedicated unit of 100 technologists tasked with driving continuous digital innovation.

Ent. Value

NOK 1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (NOK)

Year
Rev
EBITDA
EBIT
2024
NOK 1–10bn
NOK 250–500M
[members only]
2023
NOK 1–10bn
NOK 250–500M
[members only]

Similar deals in Professional Services

Similar deals in Professional Services
DateAcquirerTargetCountrySector
12/2024IK PARTNERSDAINS ACCOUNTANTSUNITED KINGDOMAccounting & Audit
11/2024KNOP INVESTMENTSGITPNETHERLANDSHR & Capital
10/2024TELEMOS CAPITALHELIOS GLOBAL GROUPUNITED KINGDOMStrategy & Management
10/2024PROXER BIDCOCAPMAN PROCUREMENT SERVICES (CAPS)FINLANDStrategy & Management
10/2024NEXTSTAGEPEERSGROUPFRANCEStrategy & Management
10/2024TOWERBROOKECITNORWAYAccounting & Audit
07/2024ARDIANDIAMFRANCEMarketing & Events
07/2024TELEMOS CAPITALPERMIANNORWAYAccounting & Audit
04/2024ABENEXEUROPA GROUPFRANCEMarketing & Events
03/2024CINVENALTER DOMUSLUXEMBOURGAccounting & Audit

REFERENCES

Valuation range: EV NOK 1–10bn

Revenue range: NOK 1–10bn

EBITDA range: NOK 250–500M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Aider by Castik Capital are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: aider

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Aider, a Norwegian company specialised in Consulting & Audit, by Castik Capital in 2024, structured as a leveraged buyout (LBO).

How was the acquisition of Aider by Castik Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the NOK 1–10bn band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Aider’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Aider generated annual revenue estimated in the NOK 1–10bn range and EBITDA in the NOK 250–500M bracket (FY 2024). Detailed financial figures are available to members.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.