AAC Capital, a European buyout firm that was spun out of ABN AMRO’s private equity activities, has acquired
No sum was disclosed for the transaction, in which
Debt funding was provided by
Empower Oy is AAC Capital Partners’ second investment under its new brand name since spinning out.
Empower operates from 70 locations across Finland and the Baltic countries with head offices in Espoo, Finland. It also has subsidiaries in Russia and a branch office in Sweden, employing 2,000 people in total. Revenues have increased from €80m in 2003 to an expected €155m in 2007.