Portfolio
Audit and advisory services

Census

Census is a leading provider of audit and advisory services to SME customers across Finland

Vision

Background

Investment Thesis

  • Sizable, non-cyclical Finnish audit market with demand underpinned by regulatory requirements – with SME segment outgrowing overall market
  • Fragmented market with no PE-backed platforms to-date – room to establish a new nationwide leader in the SME segment
  • Strong local market positions, reputations, and customer satisfaction for each group company
  • Diversified customer base of over 13,000 customers with low concentration risk
  • Asset light business with high cash conversion, margins and growth

Growth and development initiatives

  • Roll-out of AI based tools to boost efficiency and competitiveness
  • First mover advantage in consolidating the Finnish audit market
  • Cross-sell and upsell built on trusted, long-term client relationships
  • Service offering expansion into adjacent services such as tax, legal, HR, and ESG advisory
  • Central efficiency initiatives focused on digitalization, compliance, and resource & best practice sharing

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