New owner to further strengthen Retta

Retta, the largest service provider in real estate management and brokerage services in the Nordic countries, is to be acquired by Altor Fund IV (Altor). The Nordic private equity fund acquires the company from the current majority owners Sponsor Fund III, Nordea, and Varma. The sale and purchase agreement was signed on June 1, 2016.  

Retta brings together a broad spectrum of competencies in real estate management and real estate brokerage services in Finland and the Baltic countries. Operations are conducted through the subsidiaries Retta Isännöinti, Retta Management, Huoneistokeskus, Huoneistomarkkinointi, and SKV Kiinteistönvälitys in Finland, and Ober-Haus Real Estate Advisors in Baltic countries. 

”I am looking forward to working together with the new owner Altor, and I strongly believe that the collaboration will benefit the entire Retta and its subsidiaries. We have taken significant steps in developing Retta together with Sponsor Capital, Nordea, and Varma over the last years.  This development will now be further strengthened as Altor shares our view of how to build high quality real estate management and real estate brokerage services,” says Matti Bergendahl, CEO of Retta.

”We have followed the development of Retta closely for a long time, and real estate management and real estate brokerage services are in a highly interesting developmental stage in Finland and other Nordic countries. Retta has very well-known brands in both real estate management as well as real estate brokerage services in Finland and the Baltic countries. We want to continue developing these services together with the management and personnel of Retta towards the Group’s vision: For better living and real estate wealth,” says Risto Siivonen, Partner at Altor.

”We have been building and developing Retta and its subsidiaries for a long time, and the Group with all its brands is very close and important to us. We decided this spring that Retta should continue its development in the next strategic phase supported by a new owner, and we are delighted that the new owner will be Altor, a company we know well,” says Kaj Hägglund, Managing Partner at Sponsor Capital. 

The transaction will require an approval from the Finnish Competition and Consumer Authority, and it is expected to be completed by the end of June. The transaction value will not be disclosed.


For further information, please contact:
Matti Bergendahl, CEO, Retta Oy, +358 40 833 5461
Risto Siivonen, Partner, Altor , +358 50 575 7662
Kaj Hägglund, Managing Partner, Sponsor Capital, +358 400 403 046


Retta is the biggest service provider in real estate management and real estate brokerage services in Nordic and Baltic countries. Retta consists of Huoneistokeskus, SKV Kiinteistönvälitys, Huom! Huoneistomarkkinointi, Retta Isännöinti, and Retta Management in Finland, and Ober-Haus in Baltic countries. Annual revenues of Retta is approximately 100M€, and the Group employs some 1,600 persons. www.retta.fi