mynth
← DATABASE
09/2026100%

Navigator Partners acquired by TMF Group

FINLAND Professional Services / Consulting & Audit / Accounting & Audit REV 1m EUR - 100m EUR

Context

TMF Group's acquisition of Navigator Partners marks the cross-border integration of the Finnish administrative services firm into the international corporate services group. The share purchase transaction establishes a direct operating presence in Finland for the buyer, incorporating an established domestic portfolio of more than 800 clients comprising regional private equity houses, family offices, institutional foundations, asset managers, and commercial real estate owners. Under the governance arrangements agreed for the transaction, executive leadership remains in place, with Chairman Jan Haglund and Chief Executive Officer Sonja Kangas continuing to oversee regional operations and client integration under the leadership of TMF Group Head of Europe Jan Willem van Drimmelen. The strategic rationale articulated by the acquiring entity focuses on expanding its specialized financial services footprint across the Nordic markets, deploying localized fund and foundation administration capabilities alongside its traditional cross-border entity management services. By onboarding the target's proprietary portfolio reporting platform Compass, the buyer integrates customized client reporting software directly into its technology stack, broadening its operational toolkit for wealth management and private equity accounts. The structural consolidation provides the target entity with access to the parent company's multi-jurisdiction infrastructure, enabling local Nordic clients to coordinate international statutory compliance, accounting workflows, and multi-asset governance through a single administrative network. The transaction formalizes the entry of the international administrative group into Finland's institutional fund administration and family office management market.

Navigator Partners, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.5x in 2026).

-> Deep-dive in Business Services market trends

Target

Navigator Partners operates as an authorized provider of fund administration, investor services, and foundation management for corporate and institutional clients across the Nordic region. The company structures its service delivery around dedicated fund administration workflows, statutory accounting, periodic financial reporting, payroll coordination, real estate asset administration, and corporate tax compliance. Co-directed by Chairman Jan Haglund and Chief Executive Officer Sonja Kangas, the Finnish business operates through a dedicated team of 50 financial specialists. Its commercial offering centers on supporting private equity vehicles, alternative investment funds, single and multi-family offices, asset managers, institutional foundations, and commercial property owners with localized back-office operations. To standardize reporting protocols across disparate asset portfolios, the firm engineers and maintains Compass, a proprietary portfolio reporting software platform. This technical architecture combines statutory accounting routines with customizable investor dashboards to streamline reporting cycles and regulatory compliance. The firm's operating framework coordinates specialized domestic administrative obligations with structured data governance, assisting Nordic asset holders and regional fund sponsors in maintaining compliance with Finnish administrative standards.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€1–100M
[members only]
[members only]
2025
€1–100M
[members only]
[members only]

Other operations with TMF Group

Other operations with TMF Group
DateAcquirerTargetCountrySector
07/2022CVC / ADIATMF GROUPNETHERLANDSAccounting & Audit
10/2017CVCTMF GROUPNETHERLANDSAccounting & Audit

Similar deals in Professional Services

Similar deals in Professional Services
DateAcquirerTargetCountrySector
10/2026EXPEDITION GROWTH CAPITALDOUGSFRANCEAccounting & Audit
10/2026MONTEFIORE INVESTMENTAUDIT CPAFRANCEAccounting & Audit
09/2026UI INVESTISSEMENTFINASENSFRANCEAccounting & Audit
09/2026ACQUERA GROUPWILSONHALLIGANUNITED KINGDOMRecruitment / Headhunting
09/2026GITPLUDENS TALENTONTWIKKELINGNETHERLANDSVocational Training
09/2026EQT PARTNERSMCGILL AND PARTNERSUNITED KINGDOMStrategy & Management
08/2026KNIGHTS GROUPMOORE BARLOW COMMERCIAL & PRIVATE WEALTHUNITED KINGDOMLegal & Notary
08/2026VIEW GROUPPRODIEMSWEDENRecruitment / Headhunting
08/2026TATA CONSULTANCY SERVICESMHPGERMANYStrategy & Management
08/2026KEY CAPITAL PARTNERSGREEN GROUP (PARTNERS)UNITED KINGDOMRecruitment / Headhunting

REFERENCES

Revenue range: REV 1m EUR - 100m EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Navigator Partners by TMF Group 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.

Press release: view release

Target: navigator partners

Acquirer: tmf group

FAQ

What transaction does this page cover?

This page covers TMF Group’s acquisition of 100% of Navigator Partners, a Finnish company specialised in Consulting & Audit, in 2026.

How does the valuation of Navigator Partners compare to benchmarks in the Business Services sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.5x EBITDA during 2026.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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.