MB Funds has sold TietoAkseli to ECIT

MB Funds together with other shareholders have sold TietoAkseli Group to ECIT, a Nordic provider of solutions within finance and accounting. TietoAkseli’s management and key personnel will remain as shareholders.

TietoAkseli Group is a Finnish specialist providing financial administration and accounting, HR and payroll, auditing as well as transaction advisory services for small and medium sized companies and organizations. The company has annual revenue exceeding EUR 21 million and employs over 260 professionals across 11 locations in Finland.

MB Funds became the main owner of the company in 2021. During the ownership period of MB Funds, TietoAkseli’s net sales has more than doubled through acquisitions and organic growth. The company’s operations and corporate governance have been consistently developed during MB’s ownership.

“TietoAkseli has consistently invested in modern digital solutions, scalability and personal customer service. The company has proven to be able to support its customers throughout their entire business lifecycle – and now also internationally in the future. It has been an honor to work together with TietoAkseli’s professional team and management”, says Kimmo Vanne, the Managing Partner of MB Funds.

Further information:
Kimmo Vanne
Managing Partner, MB Funds
+358 40 552 8398 or kimmo.vanne@mb.fi

TietoAkseli
TietoAkseli is a Finnish professional services firm specialising in financial and payroll administration, HR services, audit, tax and corporate law advisory, and corporate finance. TietoAkseli is known for combining modern digital solutions with personal customer service, supporting companies throughout their entire business lifecycle. Founded in 1991, TietoAkseli Group has annual revenue exceeding EUR 21 million and employs over 260 professionals across 11 locations in Finland. www.tietoakseli.fi

MB Funds briefly
MB Funds is the leading Finnish private equity investor founded in 1988. Total assets under MB Funds management stand at 0.5 billion euro with prime Finnish institutions as its main fund investors. MB Funds has successfully invested in more than 50 mid-sized companies in the Nordics. www.mb.fi