Active ownership
Majority stakes in privately held companies, where we are active owners through the board of directors and close dialogue with management. No fixed holding period.
Active ownership is our primary area of focus. We seek a controlling stake in established, privately held companies with a proven business model, either on our own or in partnership with others. Through active board participation and close dialogue with management, we contribute expertise, capital, and our network. We do not invest in startups or venture-backed companies.
Portfolio Companies
Software and Media Technology
Credit Institution
Software for the Energy Sector
Fleet Management Solutions
Field service software
Insurance
Chemical Shipping
Intelligent Transportation Systems
Previous investments
TCO
Hansa Tankers Management
Avans Soma
Creuna
Flexible Lease
Tailwind
Software Innovation
Rieber & Søn ASA (Food)
How We Work with Companies
We strive to be a constructive and pragmatic partner to management in day-to-day operations and to help set the focus and direction for long-term development.
We spend a great deal of time during the acquisition phase and early in the ownership period getting to know the management team. Together, we set shared goals for the next two to five years and clearly define our working methods and the division of responsibilities between the owner and management.
Furthermore, this involvement takes place primarily through active board members and ongoing, close dialogue, both with our own employees and with people from our network whom we know well.
Where needed, we take on time-limited operational projects: strategy, refinancing and capital structure, mergers and acquisitions, reorganization and recruitment, interim roles, and IT and digitalization projects. In addition, we provide ongoing professional support in accounting, tax, finance, and legal matters, as well as market and competitor analysis, business models and pricing, and product development.
Entry
We do not have a set investment horizon when we enter the market.
Planning period: 2–5 years
Strategic and financial goals, established in collaboration with management.
Reassessment
Exit or a new ownership period. We also reassess the situation along the way if the market or the company undergoes significant changes.
Characteristics of the companies in question
We invest in companies that have a proven business model and are poised for growth or consolidation. Selected companies in earlier or later stages are evaluated indirectly, through our portfolio companies.
Positive underlying drivers
Industries and niches with strong long-term prospects. We avoid industries with a high degree of political risk and those we consider unethical.
The Nordic region, not just a startup
Operations in the Nordic region, primarily Norway or Sweden. Moderate technological risk in the core business, and a proven business model, typically with revenue of 100 MNOK or more, depending on the industry.
Owners Who Are Ready for New Owners
Existing owners and management must be ready to make way for active owners. We will contribute relevant expertise, either directly or through our network, and acquire a majority stake either on our own or with partners.