+46 8 788 50 00 Spam protected

How we invest

Creating lasting value

PlatformsAdd-onsPartnerships
Platforms

Platform investments

AAAS3860_Bruno Ehrs

13

Companies in our current portfolio

We focus primarily on new equity investments in private companies where founders, owners or management are looking for an active and professional long-term owner with networks, resources and ideas. We can be a majority or minority owner, and the time horizon will vary depending on the situation.

New investments should be at least 500 mSEK. We do not shy away from competing with others, but will primarily seek situations where our type of ownership and purpose is something that is preferred over the stock market or traditional private equity.

We have an experienced investment organization with strong convictions, a network and context far larger than the size of the companies we are looking for, attractive financing, capital for additional investments over time and the opportunity to remain a major owner if the stock market is the right next step in the company’s development.

While we are proud to act as active owners, this is done through the companies’ Boards of directors. We are not operators;, management runs our companies.

Add-ons

Add-on investments

Nordstjernan_Bild 04 2024-07-05 11_29_22

42

Add-on investments in 2024

For many of our companies, add-on acquisitions are part of the strategy, and an attractive way for us as owners to drive value by investing in a management team and company we know well, often with significant synergies. In uncertain times like these, it also provides good returns at relatively controlled risk.

In 2024, this was the area where most capital was invested, with Etac, Dacke, Alligo, Momentum Group and Attendo being particularly active in making add-on investments.

Partnerships

Partnership Capital

how_we_invest_3

47

Company investments in our Credit portfolio

While most of our investments are made from our own balance sheet, we see a strong benefit in being able to add additional capital and talent to evaluate and act on more investment opportunities and expand our network and knowledge. We do so under Partnership Capital.
This is a form of investing we have used for several years in our Credit business, which we have recently expanded into private equity.
Today, Partnership Capital comprise
  • Credit, established in 2015 and operating as a partnership since 2021. Leading high yield investor with focus on the Nordic region
  • Sigla, established in 2025 together with its three managing partners. A sector focussed European private equity firm (www.sigla-capital.com)
The establishment of Sigla creates a partner with a complementary investment focus to our main strategy, giving us a both a broader horizon of investment opportunities and networks. Such cooperation also opens new opportunities for our employees, industrial advisor and our portfolio.