Polaris

Polaris, established in 1998, is a Denmark-based private equity firm specializing in mid-market investments. It focuses on companies primarily in the Nordic regions, with a particular interest in the commercial services, manufacturing, and industrial sectors. Polaris targets lower-mid-market companies in Denmark and Sweden, with revenues ranging from DKK 175 to DKK 1500 million and enterprise values between DKK 300 to DKK 750 million. The firm has raised multiple funds since its inception, with its most recent fund, Polaris Private Equity V, established in 2021.

Kent Arp

Partner of Polaris Flexible Capital

Henrik Bonnerup

Partner

Philip Dithmer

Associate Director

Rune Gornitzka

Partner

Roger Hagborg

Partner and Head of Polaris Public Equity

Anne-Caroline Rytter Helstrup

Investment Manager

Jesper Langmack Ph.D

Partner and Head of Polaris Flexible Capital

Allan Bach Pedersen

Partner

Johan Pernvi

Partner

48 past transactions

FaunaPharma

Acquisition in 2024
FaunaPharma is a distributor specializing in veterinary and human healthcare products. It partners with veterinarians and pharmacies, importing and marketing a range of products to enhance animal and human well-being. Their portfolio includes veterinary medicines, over-the-counter treatments, select human healthcare products, and supplementary feeds, aiming to facilitate optimal care for animals and promote individual health and wellness.

Salfarm

Acquisition in 2024
Salfarm, founded in 1979 and headquartered in Kolding, Denmark, specializes in the manufacture and distribution of veterinary medicinal products, vaccines, and animal-related equipment. The company serves both production and pet animals, providing a range of vaccines and medicines designed to enhance the health and safety of animals. With a distribution network that extends throughout the Nordic region, Salfarm ensures that its customers have access to reliable and effective veterinary drugs, contributing to the welfare of animals in various settings.

7N

Acquisition in 2024
7N is a provider of consulting services focused on the information technology sector. The company specializes in assembling high-performance IT project teams, emphasizing the effectiveness of small teams comprised of highly skilled professionals. By prioritizing quality over quantity, 7N aims to deliver projects with lower overall costs, reduced risk, and improved accuracy in delivery times. Their service offerings include program management, system development, project management, and training, catering to the specific needs of their clients in complex IT projects.

Vinnergi

Acquisition in 2024
Vinnergi AB is a technology consulting firm that specializes in delivering innovative solutions across various sectors, including business, energy, and real estate. The company focuses on system integration services, particularly in the design, development, and maintenance of fiber networks. Vinnergi's expertise encompasses network analysis, design, expansion, upgrades, and performance optimization, ensuring operational efficiency for its clients. In addition to its fiber network services, Vinnergi offers a range of consulting services that include technical know-how, planning, operational accountability, documentation, procurement, project management, development, implementation, training, and business innovation. Through its commitment to pushing boundaries and igniting fresh thinking, Vinnergi aims to support organizations in achieving successful outcomes tailored to their specific logistical and technical requirements.

Awardit AB (publ)

Private Equity Round in 2023
Awardit AB (publ) operates as a provider of loyalty and reward programs for both B2B and B2C businesses. The company offers a one-stop-shop solution from strategy to operation, including points trading on its platform. Awardit specializes in digital reward currencies and operates on a Software as a Service (SaaS) and Cloud-based model.

Sealing System

Acquisition in 2023
Sealing System specializes in the manufacturing and supply of automated packaging machines and spare parts, catering primarily to the food industry, industrial production, and pharmaceutical sectors. The company offers comprehensive solutions that include automated end-of-line packaging and palletizing systems, as well as intralogistics services designed to enhance operational efficiency. Their offerings ensure effective tracking and tracing, data capture, and seamless integration with customers' IT systems. In addition to machinery, Sealing System provides essential spare parts such as motors, conveyor belts, electrical components, heaters, and bearings. The company is committed to customer support, offering maintenance services, quick response times for breakdowns, and direct access to technicians for optimization advice.

Esoft

Acquisition in 2022
Esoft is a technology-driven company that specializes in content creation, primarily offering marketing, image, and media solutions tailored for the real estate sector. By combining innovative approaches with effective visual storytelling, Esoft helps real estate professionals showcase properties, enhance marketing efforts, and reach potential buyers more effectively. The company focuses on delivering high-quality content that addresses the unique needs of the real estate market, ensuring clients can present their listings in the best possible light. With a commitment to excellence, Esoft aims to streamline the marketing process and improve engagement in the competitive real estate landscape.

Study Senior

Series B in 2021
Study Senior is a company that specializes in educational assistance through an online-to-offline platform. It has developed an application-based school discovery platform aimed at facilitating the school selection process for parents and students. The platform provides a comprehensive suite of resources, including promotional videos and images of schools, geographical information, automatic call connection features, and user reviews. By offering these tools, Study Senior helps users make informed decisions when choosing educational institutions.

Stronger

Acquisition in 2021
Stronger is a Swedish brand established in 2013, specializing in the design and retail of women's athletic and functional clothing. The company, headquartered in Haugesund, Norway, offers a range of products including tights, crop tops, pants, t-shirts, and accessories, all available through its online platform. Stronger aims to inspire women globally to adopt healthier lifestyles by creating trend-setting workout apparel rather than simply following existing trends. With a loyal customer base exceeding 80,000, Stronger emphasizes sustainability in its clothing lines, catering to both outdoor and gym activities.

Distriktstandvården

Venture Round in 2020
A private dental care chain based in Stockholm, Sweden and Åland.

Configit

Venture Round in 2019
Configit A/S is a software company based in Copenhagen, Denmark, that specializes in configuration solutions designed to address complex product configuration challenges for businesses. Founded in 2000, Configit offers a range of products, including Configit Quote, which facilitates configure-price-quote processes for SAP users; Configit Ace, an enterprise application for managing various aspects of configurable products; Configit Model, aimed at system integrators for developing configurator applications; and Configit Build, which focuses on designing user experiences for solution configuration. The company serves diverse industries, such as automotive, high tech, HVAC, industrial components, safety, industrial machinery, and life sciences across the Asia-Pacific, Europe, and North America. Configit's innovative solutions leverage its patented Virtual Tabulation technology, enabling the management of intricate manufacturing models with billions of potential combinations. In 2014, Configit expanded its capabilities by acquiring 3DFacto, enhancing its expertise in visualization and CAD and PLM integration.

Futur

Private Equity Round in 2018
Futur Pension is the life insurer in Sweden with over 11% premium market share. FuturPension has unique competitive advantages through unrivalled time-to-market and simultaneous cost and service leadership.

Falck Safety Services

Acquisition in 2018
Falck Safety Services Holding A/S specializes in providing rescue and safety training services tailored for high-risk sectors, including oil and gas, maritime, and renewable energy industries. Founded in 2003 and headquartered in Denmark, the company operates more than 30 training centers across 21 countries. Each year, Falck Safety Services delivers realistic and essential training to thousands of employees in the energy and shipping sectors, ensuring they are well-prepared for potential safety challenges in their work environments.

Prodata

Acquisition in 2018
ProData Consult A/S is an information technology consulting firm that specializes in IT services, software development, and business management. Founded in 1994, the company is headquartered in Hvidovre, Denmark, and operates across several European countries, including Norway, Sweden, Poland, Germany, and the Netherlands. ProData Consult aims to provide tailored solutions to meet the diverse needs of its clients in the IT sector.

MENU

Acquisition in 2018
MENU is a Danish interior design company known for its contemporary furniture, lighting, and accessories. The brand emphasizes a philosophy that aims to improve everyday living by creating designs that are both functional and aesthetically pleasing. MENU collaborates with talented designers from architecture and design fields, producing high-quality products characterized by a distinctive Scandinavian style. The company focuses on crafting timeless objects that enhance living spaces, making them more enjoyable and less complicated. Through its commitment to innovative design and collaboration, MENU aspires to create items that are not only beautiful but also enduring.

Akademikliniken

Acquisition in 2016
Akademikliniken AB is a clinic based in Stockholm, Sweden, specializing in aesthetic and reconstructive plastic surgery. Founded in 1991, the company provides a wide range of surgical and non-surgical treatments, addressing various cosmetic concerns such as skin aging, acne, and sun damage. Its services include breast, facial, body, and hair surgeries, as well as aesthetic injection treatments and advanced skin care solutions. Akademikliniken also offers an array of skin care products available for purchase online. With consultation offices located in Copenhagen and London, the clinic aims to help clients achieve a harmonious balance between their outer appearance and inner well-being through personalized and innovative care.

Configit

Acquisition in 2016
Configit A/S is a software company based in Copenhagen, Denmark, that specializes in configuration solutions designed to address complex product configuration challenges for businesses. Founded in 2000, Configit offers a range of products, including Configit Quote, which facilitates configure-price-quote processes for SAP users; Configit Ace, an enterprise application for managing various aspects of configurable products; Configit Model, aimed at system integrators for developing configurator applications; and Configit Build, which focuses on designing user experiences for solution configuration. The company serves diverse industries, such as automotive, high tech, HVAC, industrial components, safety, industrial machinery, and life sciences across the Asia-Pacific, Europe, and North America. Configit's innovative solutions leverage its patented Virtual Tabulation technology, enabling the management of intricate manufacturing models with billions of potential combinations. In 2014, Configit expanded its capabilities by acquiring 3DFacto, enhancing its expertise in visualization and CAD and PLM integration.

Molslinjen

Acquisition in 2015
Molslinjen is a privately held company specializing in ferry services between Jutland and the island of Zealand. The company operates domestic ferry lines and floating bridges, providing essential marine transportation services. Utilizing a fleet of catamaran ferries, Molslinjen facilitates efficient and comfortable travel for passengers, as well as vehicles such as cars, trucks, and buses. Its large car decks allow for easy boarding and disembarking, enhancing the overall travel experience. By prioritizing speed and convenience, Molslinjen plays a vital role in connecting regions and supporting local transportation needs.

TRIAX

Acquisition in 2015
Triax A/S is a manufacturer of advanced technology solutions for the reception, processing, and distribution of video, audio, and data signals. The company provides a wide range of products, including terrestrial and satellite reception devices, set-top boxes, fiber optics solutions, distribution products, and connectivity solutions. Triax serves various markets, including broadcasters, cable operators, local closed networks, and residential customers, through nine sales subsidiaries and a network of distributors in over 60 countries. Established in 1970 and headquartered in Hornsyld, Denmark, Triax employs approximately 350 people and is part of the Nielsen & Nielsen Holding group, which has a total workforce of 1,600. The company's commitment to innovation and quality enables clients to achieve complex and large-scale integrations in their communication systems.

Det Danske Madhus

Acquisition in 2014
Det Danske Madhus is a food service provider based in Thisted, Denmark, specializing in delivering hot and cold ready meals primarily for pensioners and individuals who rely on social services. The company focuses on offering freshly prepared, nutritious meals that reflect traditional Danish cuisine. By catering specifically to the elderly and those with special dietary needs, Det Danske Madhus aims to enhance the quality of life for its clientele through convenient and wholesome food options.

Louis Poulsen

Acquisition in 2014
Louis Poulsen is a Copenhagen-based manufacturer of architectural lighting products, specializing in both indoor and outdoor applications. The company offers a range of lighting fixtures that cater to private consumers as well as professionals, emphasizing Scandinavian design traditions. By combining functionality and aesthetics, Louis Poulsen enables customers to enhance their living and working environments with high-quality lighting solutions.

HTC Sweden

Acquisition in 2013
HTC Sweden is a manufacturer and supplier specialized in diamond-based floor grinding and cleaning solutions. The company produces an array of products, including floor grinders, dust extractors, and diamond-impregnated cleaning pads. Additionally, HTC Sweden provides various diamond tools, machines, and maintenance systems designed for different types of flooring. Its primary clientele includes flooring contractors, construction companies, and cleaning industries, reflecting its commitment to delivering effective and efficient solutions for floor maintenance and finishing.

Alignment Systems

Acquisition in 2012
Alignment Systems is a provider of collision repair solutions. Alignment Systems offers complete systems for passenger cars and commercial vehicles.

Skånska Byggvaror

Acquisition in 2012
Skånska Byggvaror AB is a prominent online retailer based in Helsingborg, Sweden, specializing in building products aimed at the DIY market. Founded in 1965, the company offers a diverse range of items including conservatories, wardrobes, greenhouses, doors, windows, garden sheds, and bathroom interiors, catering to home improvement needs. While primarily focused on online sales, Skånska Byggvaror also operates retail stores throughout Sweden, providing customers with both an expansive product selection and convenient shopping options. The company is known for its commitment to offering carefully curated and affordable products, making it a significant player in the Nordic distance retail sector for building materials. Skånska Byggvaror operates as a subsidiary of Byggmax Group AB.

Connected Wind Services

Acquisition in 2012
Connected Wind Services is a privately held company based in Skoedstrup, Denmark, specializing in maintenance services for wind turbine owners. The company offers a comprehensive range of services, including maintenance, repairs, installation, and reconditioning of land-based wind turbines. Additionally, it provides 24-hour surveillance to ensure optimal performance and reliability of the turbines. Through its expertise, Connected Wind Services supports the growing demand for sustainable energy solutions by ensuring the efficient operation of wind energy systems.

Scandinavian Track Group

Acquisition in 2011
Scandinavian Track Group AB is a Swedish company based in Borlange that specializes in servicing and maintaining rail networks. Established in 2006, it operates through subsidiaries to provide a comprehensive range of services, including track maintenance, electricity support, signal maintenance, and telecommunications services. The company also offers construction and consulting services, often under contracts for personnel and machinery. Additionally, Scandinavian Track Group serves clients in Norway and Denmark, focusing on railway technical welding and maintenance. By delivering these specialized services, the company supports the operational efficiency and safety of rail systems in the region.

Bergteamet

Private Equity Round in 2011
Bergteamet is a specialized provider of underground mining, tunneling, and exploration services, located in Boliden, Sweden. Established in 1999, the company focuses on creating and maintaining underground infrastructure, offering a range of services including drilling at mines, power generation facilities, and civil infrastructure projects. With a commitment to enhancing methods, tools, and equipment, Bergteamet aims to lead advancements within the industry, positioning itself as a reliable partner for various underground development needs.

Avanti Wind Systems

Private Equity Round in 2011
Avanti Wind Systems A/S, established in 1885 and headquartered in Hillerød, Denmark, specializes in manufacturing wooden ladders and safety systems for the wind turbine industry. With over 125 years of experience, the company provides a range of products including fall-protection systems, personal safety equipment, service lifts, and training services. Avanti Wind Systems focuses on ensuring safety and efficiency for clients operating in challenging environments, thereby supporting the growing demands of the renewable energy sector. The company operates as a subsidiary of Alimak Group AB.

Allianceplus

Acquisition in 2009
Allianceplus is a professional cleaning services provider catering to corporations, retail shops, and hotels. The company specializes in advanced cleaning techniques, facility management services, and window and facade cleaning. By focusing on maintaining cleanliness and hygiene, Allianceplus helps clients establish a conducive working environment for their employees.

Pysslingen

Acquisition in 2009
Pysslingen, established in 1984 and headquartered in Stockholm, Sweden, is a privately held company specializing in operating elementary schools, high schools, and providing adult education courses. Its core mission is to create stimulating and inspiring educational environments for children, employing diverse teaching methods to cater to each child's unique needs. The company fosters a respectful and committed atmosphere, treating all students with genuine care.

WaveRx

Series A in 2009
WaveRx, Inc. went out of business. WaveRx, Inc. operates as a medical device company that develops technologies and products for dermatological disorders of the nail and skin. WaveRx, Inc. was formerly known as ID Wave Systems and changed its name to WaveRx, Inc. in October 2005. The company was incorporated in 2004 and is based in Waltham, Massachusetts.

BabySam

Acquisition in 2008
BabySam is Denmark's largest retailer of baby equipment, headquartered in Rødovre. The company operates a nationwide network of 30 retail stores and an online webshop, providing a comprehensive selection of baby merchandise, including carriages, pushchairs, nursery furniture, clothing, bathing supplies, and safety products. BabySam is committed to customer service, offering free advisory sessions to assist parents in selecting the right products for their needs. Additionally, the company has a unique policy allowing customers to exchange unused items within 365 days of purchase, provided they present a valid voucher, swap mark, or invoice. The company features a variety of well-known brands, including Odder, Emmaljunga, Baby Jogger, Stokke, and Cybex, ensuring a diverse product range for its clientele.

Hamlet Protein

Acquisition in 2007
Hamlet Protein A/S is a Danish company specializing in the production of soy-based protein products tailored for animal feed. Founded in 1992 and headquartered in Horsens, Denmark, the company operates production facilities in Horsens and Findlay, Ohio. Hamlet Protein focuses on developing and marketing high-quality protein ingredients for various young animals, including piglets, calves, pets, poultry, and aquaculture. Its innovative production process enhances the taste and nutritional value of its products, making them particularly suitable for weaning feed and calf milk replacers. The company's offerings are distributed across multiple regions, including Europe, South America, Asia, Africa, and Australia/New Zealand, aiming to support animal health, welfare, and overall performance in livestock.

Skamol

Acquisition in 2007
Skamol A/S specializes in the development, manufacturing, and marketing of thermal insulating materials tailored for heat-intensive industries and passive fire protection. The company offers a diverse range of products including bricks and blocks, insulating boards, fire protection boards, insulating mortar, and loose-fill insulation. Its product line features moler insulating bricks, customized shapes and panels, insulating aggregates, and refractory products. Additionally, Skamol provides passive fire protection solutions and materials designed to prevent mould, which include components for lightweight fire doors and the cladding of beams and columns, along with ventilation and cable ducts. The company's high-temperature insulation systems are particularly noted for their ability to withstand extreme conditions and resist acid, thereby helping clients reduce carbon dioxide emissions, conserve energy, and enhance both work and living environments.

Emotron

Acquisition in 2007
Emotron develops and produces advanced equipment enabling the company’s customers to enhance cost efficiency and reliability.

Fiskarhedenvillan

Acquisition in 2007
Fiskarhedenvillan AB is a Swedish company based in Borlänge, specializing in the supply of pre-fabricated houses. Founded in 1993, it primarily produces single-family homes, including log houses and various designs such as vacation homes and garages. The company is known for its commitment to quality, flexibility, and energy efficiency, catering to the needs of private individuals. Annually, Fiskarhedenvillan supplies approximately 500 houses, offering individually tailored housing solutions at competitive prices. With additional offices across Sweden, the company aims to meet the diverse demands of the one-family house market.

Frösunda Omsorg

Acquisition in 2007
Frösunda Omsorg is a Swedish company established in 1994, based in Solna, that specializes in providing care services for individuals with learning disabilities, severe physical disabilities, and psychological or behavioral issues. The company also operates schools and offers elderly care, focusing on enhancing the quality of life for those requiring special support due to disabilities, dementia, or challenging family circumstances. Frösunda Omsorg is committed to developing sustainable care solutions through innovative approaches and new methodologies, ensuring that its clients receive improved care and support for a healthier life.

Color Print

Acquisition in 2006
Color Print produces and sells multi-color printed products such as periodicals, magazines, brochures, advertising materials.

Jetpak

Acquisition in 2005
Jetpak Group AB specializes in door-to-door express delivery services across Europe, particularly in Sweden, Norway, Denmark, and Finland. Founded in 1979 and headquartered in Solna, Sweden, the company focuses on time-sensitive and high-value products in sectors such as high technology, automotive spare parts, and medical equipment. Jetpak employs a network of franchisees and agents to enhance its service offerings, ensuring efficient logistics solutions tailored to meet the demands of its clients. With a commitment to expedited transport, Jetpak provides delivery services within a 0-12 hour timeframe, positioning itself as a reliable partner for urgent delivery needs in the region.

AddPro

Acquisition in 2005
AddPro is a rapidly growing company that specializes in application and cloud integration services for businesses of all sizes. It provides a range of offerings, including application and integration services, IT infrastructure, security and communication solutions, cloud services, and consulting for both hardware and software. By focusing on digital innovation, AddPro enables its clients to enhance their operations and achieve greater efficiency through the development of smart, flexible, and cost-effective IT systems.

Impinj

Series B in 2002
Impinj, Inc. is a provider of RAIN RFID solutions that facilitate wireless connectivity for various everyday items, enabling businesses and consumers to identify, locate, and authenticate billions of items. Founded in 2000 and headquartered in Seattle, Washington, the company offers an integrated platform that includes endpoint integrated circuits (ICs) and a range of connectivity products, such as reader ICs, modules, readers, and gateways. This platform delivers real-time information about items across multiple sectors, including retail, healthcare, supply chain, automotive, and manufacturing. Impinj also offers software solutions like ItemSense, which supports enterprise-class RAIN deployment management and provides tools for application developers. The company's offerings are utilized through a network of distributors, system integrators, value-added resellers, and software partners globally, covering regions such as the Americas, Asia Pacific, Europe, the Middle East, and Africa.

Vest-Wood

Acquisition in 2002
Vest-Wood is a privately held company that manufactures and markets wooden doors in Europe.

Dansk Droge

Acquisition in 2002
Dansk Droge manufactures and markets a wide range of health-related consumer products, including the Futura, Gerimax, Livol.

Dansommer

Acquisition in 2001
Dansommer is a privately owned rental company for holiday homes. The company starts with the needs of tenants, owners, and partners. The company was founded on 1976 and is headquartered in Risskov, Denmark.

Novadan

Acquisition in 2000
Novadan is an international company based in Kolding, Denmark, specializing in the production and supply of high-quality cleaning and hygiene solutions. The company develops and manufactures a range of cleaning detergents and disinfectants, catering primarily to the food industry, auto transport sector, public institutions, and laundries. Novadan emphasizes the importance of quality cleaning for both private and public organizations, ensuring that its products meet the rigorous standards required in various sectors.

LOGSTOR A/S

Private Equity Round in 1999
LOGSTOR A/S is a leading provider of pre-insulated pipe systems for the transportation of liquids and gases, primarily serving the district heating and cooling sectors, as well as marine and industrial applications. Founded in 1960 and headquartered in Løgstør, Denmark, the company specializes in solutions for district heating, community heating, and industrial processes, including the transport of hot and cold media in various industries such as food production. LOGSTOR A/S also designs and manufactures thermally pre-insulated pipeline systems for LNG and oil and gas applications, both onshore and offshore. The company offers comprehensive services including installation, maintenance, and systems integration, ensuring efficient and sustainable solutions. With a workforce of approximately 1,400 employees, LOGSTOR operates production facilities in multiple countries, including Denmark, Poland, and China, and maintains a global presence through subsidiaries and sales offices in Europe and beyond.
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