In January 2024, PCP V signed a facility with the Swedish installation company, Sparc Group AB (publ.) (“Sparc”). The PCP facility will support the continued growth of Sparc, allowing the company to deliver on its ambitious growth plan over the coming years.
Since founded in 2021, Sparc has acquired 69 companies within HVAC & Plumbing, Electricity, Security, Projects and Power & Infra, with a group revenue of c. SEK 2bn. The group is majority-owned by its founder and CEO, Erik Björklund.
Key investment highlights include the low cyclicality in the core renovation and service segments, the high diversification of revenue and the strong culture and structural value within of the group.
Ulf Hamberg, Managing Director at PCP: “By being an entrepreneurial led company looking for growth financing, where PCP has a strong confidence in the founder, Sparc fits perfectly into PCP’s investment philosophy. We are proud of the partnership and look very much forward to the growth journey ahead. We are also happy to once again team up with Nordea and continue our excellent long-term relationship with them”