MVI, a leading Nordic private equity firm, is delighted to announce a significant milestone in its first fund (“MVI Fund I”) — the successful divestment of its portfolio company, Great Security Holding AB, and its subsidiaries ("Great Security"). This transaction, signed in July 2023, marks a pivotal moment in MVI's history and underscores its commitment to creating the next generation of Nordic companies. MVI identified the security industry as an attractive growth industry early on, supporting Great Security in both its establishment and growth phase.
Great Security, a market-leading independent provider of security services in Sweden, has flourished under MVI's stewardship, achieving value creation and remarkable top-line growth. Over the past six years, the company has consolidated the fragmented security market and grown from SEK 140 million to nearing SEK 900 million. This achievement was enabled through a combination of organic expansion and fifteen strategic add-on acquisitions executed during MVI's ownership.
Throughout its partnership with MVI, Great Security has evolved from a local service provider into a nationwide security powerhouse, operating under the banner of "One Great Security." This has been evident in its recent national contract wins, securing its status as one of Sweden's leading integrated security companies able to take on truly national contracts with blue-chip customers. Approximately seventy of Great Security's employees are certified experts in their respective fields, contributing to the company's success in winning high-profile tenders in early 2023, setting the stage for continued growth in the years ahead.
Under MVI's ownership, Great Security underwent a transformation, marked by professionalization efforts that required strategic initiatives, investments, and a strong and visionary management team that has built the foundation for future organic and acquisitive growth. MVI takes pride in the journey it has shared with Great Security, creating a formidable independent competitor within the security industry. The company's highly competent management team has built a robust business plan, leveraging the “One Great” model to capture market shares locally and nationally, while moving towards increased digitalization and Security as a Service.
The new majority owner in Great Security is EMK Capital, a pan European private equity fund. Great Security will join forces with Garda Sikring, Kibo Sikring and Heda Security who are also backed by EMK Capital, to strengthen their position within technical security solutions across the Nordics.
Reflecting on the divestment, Daniel Nilsson, Partner at MVI, commented, "Partnering with Great Security for over 6 years, we are proud of what the Company has achieved. We are a market-leading company in Sweden operating with strong structural capital and solid management. Nearing revenues of SEK 1 billion with good profitability we have truly managed to create a sustainable Company. We would like to thank the management team, entrepreneurs, and board members for their continued support. We wish Great Security all the best for the future together with EMK."
About MVI:
MVI is a leading private equity investor in small and medium-sized companies. Our goal is to function as a catalyst for growth and to build long-term strong companies in Sweden and the rest of the Nordic region. We actively work on value creation in our portfolio companies based on our broad network of entrepreneurs and business leaders. MVI is recognized for its ability to identify proprietary investment themes and deliver high returns on its investments. For more information about MVI and its strategic investments, please visit www.mvi.se.
For further inquiries or interview requests, please contact:
Daniel Nilsson, Partner
daniel.nilsson@mvi.se / +46 (0) 70 655 78 52
Falk Wahlström, Director
falk.wahlstrom@mvi.se / +46 (0) 76 050 96 51
