XPartners Finland Holding Oy signed an agreement to acquire Rakennuttajatoimisto HTJ Oy from KH Group Oyj (HLSE:KHG) and other shareholders of HTJ for ?23 million on June 7, 2024. The debt-free purchase price of the share transaction is ?23.0 million. KH Group's holding in HTJ is 91.7%, and its share of the purchase price after the deduction of net debt and transaction costs is an estimated ?13.2 million. The transaction is subject to approval of the Finnish competition authorities. The transaction is expected to be completed by the end of September and its capital gain to be approximately ?2.6 million based on the March 2024 balance sheet, including the redemption liability of ?0.9 million for minority shares derecognized in connection with the sale. The capital gain is calculated with the assumption that that the closing would take place in September 2024. The final purchase price will be specified at the time of the sale. The company employs over 200 experts and serves customers across Finland. Pro forma net sales for the financial period 2023 amounted to ?26.3 million and operating profit to ?2.6 million. As on June 19, 2024, Finnish Competition and Consumer Authority approved the deal. The transaction is expected to be completed during the third quarter of the year.

In 2023, HTJ has total revenue of ?26 million. Christina Kokko of Advokatfirman Vinge Stockholm Ab acted as legal advisor to Axcel VII and XPartners Samhällsbyggnad in connection with the acquisition.