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

Past deals in Norway

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.

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.

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.

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.

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.

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.

Norman Shark

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

Teres Medical Group

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

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.