FSN Capital

FSN Capital is a Nordic private equity investment company established in 1999, specializing in the middle-market segment. Based in Oslo, Norway, it manages several funds that focus on transforming Northern European companies into more competitive and profitable entities. FSN Capital's investment strategy is characterized by a commitment to sustainable and patient capital, allowing for the implementation of long-term transformation initiatives within its portfolio companies. The firm targets various sectors, including commercial products, information technology, business products, consumer products, services, and manufacturing. Additionally, FSN Capital emphasizes environmental, social, and governance (ESG) factors in its investment approach, reflecting a commitment to responsible investing.

Thomas Broe-Andersen

Partner

Lars Denkov

Partner

Marcus Egelstig

Partner

Tobias Funke

Investment Director

Michael Gentili

Investment Director and Legal Counsel

Moritz Hafner

Investment Director

Viktor Hansson

Investment Director

Nicholas Hjorth

Investment Director

Jesper Isaksen

Partner

Patrice Jabet

Partner

Adeline Jennische

Principal

Justin Kent

Partner

Talitha Kirchner

Investment Manager

Knut Norheim Kjaer

Chairman and Partner

Eskil Koffeld

Principal

Simon Larsson

Associate

Severin Loos

Investment Manager

Robin Muerer

Partner

Peter Möller

Partner

Robin Mürer

Partner

Erik Nelson

Partner

Nicolai Norrbom

Partner

Clemens Plainer

Investment Director

Gustaf von Platen

Investment Director

Magnus Steinsvoll Prøsch

Investment Director

Elisabeth Rustad-Nilssen

Investment Director

Knut Røsjorde

CFO

Ulrik Smith

Co-Managing Partner

Barbara Stolz

Investment Associate

Frode Strand-Nielsen

Co-Founder and Managing Partner

Kasper Sørensen

Investment Director

Niclas Thiel

Principal

Eirik Hjeltnes Wabø

Investment Manager

Morten Welo

Partner and COO/IR

Pernilla Westergren

Associate

Marcus Wintersø

Investment Director

35 past transactions

Adragos Pharma

Acquisition in 2021
Adragos Pharma is a globally operating Contract Development and Manufacturing Organisation.

Omegapoint

Acquisition in 2021
Omegapoint are experts in Safe Digital Transformation and enable secure business for you as a customer. Omegapoint is a market leading expert in system architecture, security and IT management. We deliver solutions within integration, support, maintenance, training and management.

TASKING

Acquisition in 2020
TASKING is a privately held company provides an embedded system compiler technology services.

MHP Software GmbH

Acquisition in 2020
MHP Solution Group is a solutions provider for shipping logistics and foreign trade, with 70 employees and offices in Germany, Austria and Spain. The range of services covers the entire demand chain from consulting, delivery and implementation of software and hardware solutions.

iMPREG GmbH

Acquisition in 2019
iMPREG GmbH manufactures hose liner systems for trench-free pipe rehabilitation applications.

Rameder

Acquisition in 2018
Rameder is a E-commerce provider of tow bars and automotive parts.

Nordlo Group

Acquisition in 2018
Nordlo is digitalization and managed IT services partners for the SME and smaller enterprise segment in the Nordics.

Saferoad

Acquisition in 2018
Saferoad Holding AS specializes in designing, manufacturing, and selling road safety and infrastructure products across Northern, Central, and Eastern Europe. The company's extensive product range includes road restraint systems such as guardrails and pedestrian guardrails, as well as traffic signs, lighting columns, road markings, and noise protection solutions. In addition to these, Saferoad offers various infrastructure solutions like soil steel bridges, pipes, culverts, geosynthetics, and water and sewage systems. Established in 1947 and headquartered in Oslo, Norway, Saferoad has expanded its operations with offices in several countries, including the Czech Republic, Denmark, Germany, Italy, and the United Kingdom. The company was formerly known as Cidron Triangle AS before rebranding in May 2017.

Sneakersnstuff

Acquisition in 2018
Sneakersnstuff Ab engages in retail of apparel and shoes. Its products include sneakers for men and women; apparel such as t-shirts, jackets, sweatpants, pants, and shorts; and accessories such as bags, socks, hats, and books. Sneakersnstuff Ab operates brick-and-mortar stores and engages in online retail of the products through its website. The company was founded in 1999 and is based in Stockholm, Sweden. It has additional stores in New York, United States; Berlin, Germany; London, United Kingdom; and Paris, France.

Morenot

Acquisition in 2018
Morenot Group consists of companies with leading positions in the international market as suppliers to customers in fisheries, aquaculture and marine seismic. Morenot Fishery operates primarily within the purse seine and trawl segments, which has been the cornerstone of the group’s development. They offer close proximity along the entire Norwegian coast and are known for high quality and first-class service. Their primary markets are Norway and the North Sea basin, Russia and the United States. Morenot Aquaculture produces netting and nets in nylon and Dyneema ®, and delivers custom moorings, de-lousing tarpaulins, top nets, dead fish collectors and other equipment to farms. They also offer services such as wash, repair and coating/impregnation.

Gram Equipment

Acquisition in 2017
Gram Equipment developed into one of the suppliers of equipment and solutions for the ice cream industry worldwide. This position was strengthened in 2014 when Gram Equipment acquired Waukesha/Cherry Burrel (WCB). With the acquisition the combined resources and talent of the two companies allowed for the continued supply of the very well-respected brand and quality products. Gram Equipment is now the global leading supplier of advanced equipment and process installations for industrial ice production.

Holmbergs Safety System

Acquisition in 2017
Holmbergs Safety System is a global supplier of mission critical safety systems to the child safety seat industry.

Active Brands AS

Acquisition in 2017
Active Brands AS manufactures and supplies sporting goods to the sports retail industry in the Nordic region. The company offers women’s sportswear, including winter training-wear, training-wear, compression tights, casual wear, and accessories; winter headwear, hats and beanies, base layers, gloves, socks, and sweaters; skiwear; kids wear; skis; and ski helmets, protection products, and apparel. It exports products to Europe and United States. Active Brands AS was incorporated in 2010 and is based in Oslo, Norway with locations in Oslo, Voss, Gothenburg, and Shanghai.

bygghemma

Acquisition in 2016
Bygghemma.se is the leading online retailer of do-it-yourself, and building supplies. Since the launch of bygghemma.se in Sweden in 2006, the company has rapidly grown into a builders' merchant with 10 online stores and six stores in the Nordic region. Our mission is to market a wide range of building products online at competitive prices with home delivery. Our target group is mainly individuals who want to buy building supplies from famous brands at attractive prices. In Construction Home Group has around 250 employees in 8 offices in Sweden, Norway, Denmark and Finland. Build Home Group had sales in 2015 of SEK 2 billion and is owned by the investment company Nordstjernan. The group's headquarters are located in Malmö. Welcome to one of the group's stores in Sweden: bygghemma.se, golvshop.se, badshop.se, linoleumkompaniet.se, trademax.se and chilli.se, Finland: taloon.com, netrauta.com, talotarvike.com and TradeMax. fi, Norway: bygghjemme.no and trademax.no, Denmark: byghjemme.dk, frishop.dk and trademax.dk.

Netcompany A/S

Acquisition in 2015
Netcompany is a successful, Danish, business-oriented IT consulting company with approx. 400 employees in offices in Copenhagen, Aarhus and Aalborg. We provide business-critical IT solutions and advice that helps our clients achieve significant business benefits and efficiency by utilizing the latest technology. Our focus areas are business applications, portals, system integration, system management and operation. At Netcompany we combine professional craftsmanship with speed and flexibility. Our broad IT technical, methodical and business skills to ensure that IT solutions are technically sound, organizational anchored and deliver the desired economic results.

Roplan

Acquisition in 2015
Roplan AB specializes in the design, development, and manufacturing of custom shaft seals for rotating machinery. Founded in 1977 and based in Tumba, Sweden, the company focuses on providing high-end mechanical seals tailored for pumps, mixers, compressors, and propulsion systems. Roplan serves original equipment manufacturers (OEMs) globally and also offers repair and replacement services, as well as support for product upgrades and new designs. With operational centers located around the world, Roplan has established itself as a niche leader in the industry, providing unique value to its clients through its specialized offerings.

Fitness World AS

Acquisition in 2015
Fitness World A/S is a fitness club operator based in Rødovre, Denmark, managing over 100 fitness centers across Ireland. Founded in 2000, the company offers a range of services including personal training, group training, and nutritional counseling. In addition to its physical locations, Fitness World A/S provides training through an application software, enhancing the fitness experience for its members. The company was formerly known as FITNESS WORLD HOLDING ApS until it rebranded in May 2008. As of January 2020, Fitness World A/S operates as a subsidiary of Pure Gym Limited.

Fibo-Trespo

Acquisition in 2015
Fibo-Trespo AS manufactures wall panels for bathroom, wet room, and other laminated products. The company provides kitchen boards, laminate countertops, flooring laminates, and profiles and other accessories. It offers its products through retailers. Fibo-Trespo AS was founded in 1952 and is based in Lyngdal, Norway.

EET Europarts

Acquisition in 2015
EET Europarts is Europe´s largest distributor of video surveillance, spare parts and accessories for computers, printers and mobile phones. Their core business is concentrated on eight product divisions: - Server, Computer & Printer Parts - Mobile Parts & Accessories - Home Entertainment & Lifestyle Electronics - Surveillance & Security - Professional AV & Digital Signage - Point of Sale & Auto-ID - Network & KVM - Logistical Services They distribute a large number of leading brands in these product areas. More than 1,000,000 product numbers distributed over more than 700 different brands are represented in the range, including: HP, Lexmark, IBM, Lenovo, Dell, Xerox, Synology, eSTUFF, Incipio, Sandberg, Ernitec, Axis, Milestone, Bosch, Hikvision, NEC, VivoLink, Evoko, SMS, Kramer, Promethean, DataPath, Zebra, Epson Aures, Honeywell, Datalogic, Datamax-O'Neil, Capture, B&O Play, Loewe, Clint, Max, knomo, Samsonite, Sony, Panasonic, Sony Netatmo, Tado and many others. EET Europarts is part of the EET Group, founded in 1986, and today one of Europe's leading IT, monitoring & security solutions distributors and home entertainment and Lifestyle Electronics, with 32 sales offices in 25 countries across Europe and Africa. The Group employs almost 500 people, serves more than 43,000 dealers and manages more than 1,000,000 deliveries per year. EET Group is headquartered in Birkerød and logistics center in Ballerup.

Kjell & Co Elektronik

Acquisition in 2014
Kjell & Co Elektronik A.B. retails home electronics accessories in Sweden. It offers its products through its chain of stores and Internet sales channels. The company was founded in 1988 and is based in Malmo, Sweden with store locations in Sweden. Kjell & Co Elektronik A.B. is a former subsidiary of ICA Gruppen AB (publ).

Instalco

Acquisition in 2014
Instalco is a technical installation group in Sweden, focusing on mid-size projects and service. The company offers heating and plumbing, electrical, ventilation, cooling and industrial end-to- end solutions in the Nordic market.

Validus AS

Acquisition in 2013
Validus AS retails beauty care products businesses in Nordic countries. The company operates duty free and duty paid shops of personal care products in Norwegian airports.

Troax AB

Acquisition in 2013
Troax ensures protection from hazardous areas and secures valuable property, with wire mesh machine protection, warehouse partitioning and storage solutions. Safety, versatility and accessibility are a result of many years of development. Read more about Troax from different perspectives.

Skamol

Acquisition in 2012
Skamol A/S develops, manufactures, and markets thermal insulating materials for heat-intensive industries and passive fire protection. The company provides bricks and blocks, insulating boards, fire protection boards, insulating mortar, and loose-fill insulation; moler insulating bricks, customized shapes and panels, insulating aggregates, and refractory products; and passive fire protection and mould prevention products, which include materials for lightweight fire doors, and cladding of beams and columns, as well as ventilation and cable ducts.

PM Retail

Acquisition in 2012
PM Retail is a manufacturer and designer of fashionable clothing tailored to the specific needs and preferences of mature women. The company operates a network of 45 retail stores across Norway, where it sells its products under its own brands. By focusing on this demographic, PM Retail aims to offer stylish and comfortable clothing options that resonate with the lifestyle and tastes of older women.

HusCompagniet

Acquisition in 2011
HusCompagniet A/S is a prominent house builder based in Horsens, Denmark, specializing in the development of single-family detached houses. Established in 2015, the company designs, sells, and delivers customizable homes primarily built on-site on customer-owned land, alongside semi-detached houses for consumers and professional investors. Furthermore, HusCompagniet produces prefabricated wood-framed detached houses under the VårgårdaHus brand in Sweden. It has gained a significant market share in Denmark, becoming three times larger than its nearest competitor, and is also expanding in Germany and Sweden. The company achieved notable growth, delivering over 1,000 houses in 2014 and generating revenue from DKK 1.2 billion in 2011 to DKK 1.8 billion in 2014. With a workforce of 230 employees, HusCompagniet has been recognized as House Builder of the Year in Denmark for three consecutive years, underscoring its commitment to quality and value in the housing market.

Norman Shark

Acquisition in 2009
Norman Shark provides enterprise anti-malware and internet/computer security.

Tactel

Acquisition in 2009
Tactel provide world leading Telecom, Internet and Media actors with solutions that strengthens and expands their business. We focus on Android and on creating strong visual experiences. We turn your hardware into a high performance Android device and help you innovate and build your hallmark software. Through our games, applications and services, we define experiences your users want to stay within. We've combined the skills of an expert mobile software development shop a design bureau and a gaming studio. Technology, design and content. What's needed to move frontiers.

CTEK Smarter

Acquisition in 2008
CTEK Power Inc. designs and develops a unique series of high-tech battery chargers and special solutions for all types of lead-acid batteries for both private and professional use. The cornerstone in CTEK’s successful business concept that allows the development of a new category of battery charger is the extensive knowledge of batteries and electronics. These new battery chargers satisfy not only today’s high demands on battery care, but also take the increasing needs of the growing group of new users into consideration. Safety, simplicity and flexibility are key words and requirements that apply to all the products and solutions currently developed and sold by CTEK. Since their initiation, close to three million battery chargers have been sold in 60 countries throughout the world. CTEK is also a reliable OEM supplier to many of the world’s most prestigious car and motorcycle manufacturers.

Teres Medical Group

Acquisition in 2007
Teres Medical Group is owns and operates hospitals and surgical clinics.

Actic

Acquisition in 2007
Actic is a leading Nordic health and fitness company.

VIA Travel

Acquisition in 2006
VIA Travel Group ASA is a Norwegian public limited liability company and is the leading Scandinavian travel management company. The company’s core business lies within the corporate travel market represented by VIA Travel and its segments; Business, Marine and Conference & Events.

Alignment Systems

Acquisition in 2006
Alignment Systems is a provider of collision repair solutions. Alignment Systems offers complete systems for passenger cars and commercial vehicles.

Jamo

Acquisition in 2001
Jamo, the largest European producer of loudspeaker systems and home theatre solutions.