RAPP acquired by XPartners
Our role
Evli Corporate Finance acted as exclusive financial adviser to XPartners, backed by Axcel, on its acquisition of RAPP.
Buyer
XPartners was founded in the spring of 2021 and includes 25 companies, with a presence in Sweden, Finland, Denmark and Norway. The group currently generates approximately SEK 1.9 billion in revenue and has around 1 100 employees. In April 2023, Private Equity firm Axcel became the new majority owner of XPartners to support the group’s growth journey, including adding additional engineering consulting companies to XPartners.
Target
RAPP specializes in construction management and consultancy services. The company provides comprehensive solutions in project management, construction supervision, property development, and project services. RAPP focuses on residential, public, and commercial properties, as well as infrastructure projects, primarily in the Helsinki capital region, Tampere and Lahti.