Icon Capital

Icon Capital AS is a private equity and venture capital firm based in Oslo, Norway, founded in 2001. The firm focuses on early-stage and growth capital investments, as well as special situations, buy and build strategies, and distressed debt. Icon Capital seeks opportunities primarily in the service sector, technology, telecommunications, media, and energy, with particular emphasis on oil, gas, and renewable energy. The firm targets companies located in Northern Europe, especially in the Nordic region, while also considering investments in Central and Eastern Europe to a limited extent. Icon Capital prefers to acquire majority stakes in its portfolio companies and aims to leverage its expertise to foster growth and create lasting value in high-potential businesses.

Christian Bjørnstad

Founding Partner

Espen Magnussen

Founding Partner

1 past transactions

Malorama

Private Equity Round in 2019
Malorama is Norway's leading trading house for products for surface treatment. They are the largest in paint, flooring and wallpaper, and they supply all of the equipment and accessories. The core business comprises both retail and wholesale trade, with the retail concept Colorful, the professional chain Mal Proff, our wholesale and logistics business Farveringen, and the retail trade chain Kulør for independent businesses with local roots. In addition to providing a complete product range, we offer concepts and category development, as well as support systems and administrative solutions for shops and craftsmen.
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