Inside information: Delete Group initiates a strategic evaluation to support the Company’s growth

Inside information: Delete Group initiates a strategic evaluation to support the Company's growth

The Board of Directors of Delete Group Oyj (“Delete” or the “Company”) and funds managed by Axcel Management A/S, the ultimate majority shareholder of the Company, have decided to initiate a strategic evaluation to further support the Company's strategy implementation and accelerate growth. One potential result of the strategic evaluation is the sale of the Company and its Cleaning Services business in Finland and Sweden.

The Company has mandated Carnegie Investment Bank AB, Finland Branch, and Danske Bank A/S, Finland Branch, to explore the conditions for a potential sale.

If the review results in a resolution to sell the Company’s shares, it will trigger a "change of control" in accordance with the terms of the senior secured bond (FI4000252119) issued by Delete, in which case the loan holders have the right to demand early redemption of the loan in accordance with section 8.5 of the terms and conditions. In addition, it is possible that in the event of a sale, the Company decides to exercise its right set out in section 8.3 of the terms and conditions to redeem the loan prematurely.

The Company will communicate the results of the strategic evaluation after it has been completed.

Delete Group Oyj

The Board of Directors


Ville Mannola, CFO of Delete Group Oyj
Tel. +358 400 357 767


Delete Group is one of the leading providers of environmental services in the Nordic countries. The Group will provide customers with business-critical services that require special expertise and equipment in cleaning services.

The Group's head office is located in Vantaa and it employs approximately 600 professionals in 27 locations in Finland and Sweden.