Ardoq AS is a company that develops software solutions to assist organizations in documenting and managing complex computer systems and enterprise architecture. Founded in 2013 and based in Oslo, Norway, with additional offices in major cities like New York, London, and Copenhagen, Ardoq offers a data-driven platform that combines textual documentation with interactive visualizations. Its features include automatically generated diagrams, real-time collaboration, and model-based documentation, allowing users such as developers, project managers, and stakeholders to gain insights into interdependencies among technology, processes, and people. The software facilitates business capability mapping and risk management while ensuring compliance with data protection regulations. By providing a dynamic overview of projects and enabling contributions from across the organization, Ardoq supports digital transformation efforts and enhances decision-making processes.
Storytel AB is a prominent provider of streaming services for audiobooks and e-books, operating under the brands Storytel and Mofibo. Founded in 2005 and headquartered in Stockholm, Sweden, the company has established a significant presence in various countries, including Denmark, Norway, Finland, the Netherlands, and Poland, among others. Storytel's business is divided into two main segments: Streaming and Publishing. The Streaming segment offers subscription-based access to a vast library of digital content, while the Publishing segment includes several well-known imprints such as Norstedts and Massolit, as well as children's and young adult literature through B. Wahlström and Rabén & Sjögren. Additionally, Storytel has expanded its offerings to include digital subscriptions for newspapers and magazines, enhancing its portfolio in the publishing sector.
Recover Nordic Norge is the largest emergency response and damage control business in the Nordic region.
Broadnet is Norway's foremost provider of fiber-based data communication, catering to businesses, operators, and the public sector. With a comprehensive nationwide fiber network spanning 40,000 kilometers and connecting over 90 towns across the country, Broadnet offers reliable and secure communication solutions. The company focuses on delivering broadband and data services that enable corporate clients to connect globally, ensuring high levels of security and stability. Recently, Broadnet has initiated an extensive rollout of fiber infrastructure aimed at enhancing connectivity for Norwegian companies. As a national entity, Broadnet is positioned to meet the growing demand for robust data communication services in the region.
Iver is a Swedish managed IT services provider specializing in full IT outsourcing. The company offers a range of contracted services, including hosting, cloud, and application management, aimed at driving digital transformation for its clients. Iver provides secure data storage and access through both proprietary and public cloud solutions, helping businesses enhance their operational efficiency and improve customer experiences. By focusing on dedicated customer service and delivering high-quality IT solutions, Iver has established strong relationships with clients in Sweden and Norway. The company's offerings enable businesses to transform their markets and business models while generating valuable insights from data.
Bluestep Bank AB is a financial institution based in Stockholm, Sweden, specializing in mortgage loans for customers in Sweden and Norway. Established in 2005, Bluestep has pioneered the specialist mortgage market in these regions, focusing on individuals who may not qualify for traditional banking services. The bank operates through various segments, including Mortgages Sweden and Mortgages Norway, providing a range of products such as retail deposits, residential mortgage-backed securities, and senior unsecured bonds. Bluestep Bank aims to understand the unique financial situations of its customers, offering tailored lending solutions and competitive rates, thereby serving over 29,000 clients to date. With approximately 200 employees, Bluestep Bank remains committed to meeting the diverse banking needs of its clientele.
AutoStore AS, headquartered in Nedre Vats, Norway, specializes in manufacturing automated warehousing and storage systems. Founded in 1995, the company offers a patented goods-to-man system that efficiently handles small items while maximizing storage capacity and minimizing the footprint of warehouse operations. Its products include robots, grids, bins, controllers, workstations, and warehouse management systems (WMS). AutoStore's solutions are distributed through a global network of third-party partners, including Bastian Solutions, AM Automation, Egemin, Swisslog, Element Logic, and LG CNS. The company's innovative approach has established it as a leader in automated retrieval and material handling solutions within the logistics industry.
TOP-TOY A/S is a prominent retailer and wholesaler of children's toys and related products in Northern Europe, operating under well-known brands such as BR and TOYS”R”US. Founded in 1963 and headquartered in Tune, Denmark, the company manages over 300 retail locations and eight online shops across Denmark, Sweden, Norway, Finland, Iceland, and Germany. TOP-TOY offers a diverse range of products, including outdoor toys like trampolines and pools, and distributes private label items. The company's operations include a buying office in Hong Kong and sales offices in various Nordic countries. With a workforce of approximately 4,000 employees, TOP-TOY emphasizes a strong commitment to responsible business practices and aims to meet and exceed customer expectations through its comprehensive omnichannel offerings.
Mongstad Group’s vision is to be a leading Norwegian port landlord and developer of supply base assets, and their mission is to provide efficient infrastructure and properties that add value for their customers in the offshore logistics supply chain. Mongstad Group is the main landlord to the leading supply base in the Northern North Sea area, which was established in 1984. Mongstad Supply Base serves around 20 producing platforms, including the Troll and Oseberg fields. With more than 1,000,000 m2 of land, 60,000 m2 of buildings and 800 meters of quay, the supply base handles approximately 3,000 ship arrivals per year and more than 1,000,000 tons over quay, making it one of the most active supply bases in Norway.
Evidensia Djursjukvård AB owns and operates veterinary hospitals and clinics in Sweden, Norway, Denmark, Finland, Holland, Germany, and Switzerland.
StormGeo is a provider of data science and weather intelligence, catering to a global clientele across various industries, including shipping, renewable energy, aviation, oil and gas, and media. Established in 1998 and headquartered in Bergen, Norway, the company operates eight forecast centers worldwide, offering 24/7 forecasting services backed by a dedicated research and development team. StormGeo delivers software-enabled solutions that assist businesses in making informed decisions in weather-sensitive operations, such as selecting optimal shipping routes and ensuring safe offshore platform operations. The company's commitment to high-quality forecasts and exceptional customer service has earned it a strong reputation in the industry, helping clients navigate challenges in dynamic environments and volatile markets.
Altus Intervention Limited is a provider of well intervention services and down-hole technology for the oil and gas industry, operating primarily in Norway, Denmark, and the United Kingdom. The company offers a comprehensive range of services, including wireline and wireline tractor services, heavy-duty fishing, cased hole logging, and riserless light well intervention. Additionally, Altus provides coiled tubing and pumping services, well engineering, and pipeline services, as well as equipment rental for various oilfield operations. Founded in 2001 and based in Aberdeen, United Kingdom, Altus Intervention has unified its brand since 2017, consolidating its expertise under a single name. The company employs approximately 1,000 people and serves clients globally, focusing on maximizing production, enhancing recovery rates, and extending the operational life of oil and gas wells.
Aker Solutions is a prominent global oil services company that offers a range of engineering, construction, and technological services tailored to the oil and gas industry. The company is structured as a group of distinct legal entities, operating under a unified brand. Aker Solutions focuses on delivering integrated solutions, products, and services that support both traditional oil and gas operations and the transition to renewable energy. Its offerings span various segments, including renewable energy initiatives like offshore wind power and decommissioning services, as well as life cycle solutions aimed at optimizing field performance and facilitating decarbonization efforts. By providing low carbon solutions and developing renewable technologies, Aker Solutions caters to the evolving needs of the energy sector worldwide.
Private Equity Round in 2013
itslearning is an innovative e-learning platform that originated from a student project at Bergen University College in 1998. Designed to enhance the educational experience for learners and teachers across a wide age range, itslearning provides a comprehensive suite of tools aimed at fostering effective communication and collaboration. The platform includes features such as mass messaging, video conferencing, group assignments, and various assessment tools, all of which support educators in streamlining their workflows and improving student outcomes. Additionally, it offers functionalities for parental engagement and plagiarism detection, making it a versatile resource for modern education. Through its commitment to empowering both teachers and learners, itslearning seeks to address the challenges of traditional educational methods and promote a more connected learning environment.
Tampnet AS is a Norwegian company that operates the largest offshore communication network in the world, primarily in the North Sea and the Gulf of Mexico. Founded in 2001 and headquartered in Stavanger, Norway, it provides high-speed, low-latency connectivity through a network of fiber optics, offshore 4G LTE, and microwave links. The company serves over 350 offshore installations, including oil and gas platforms, floating production storage and offloading units, and exploration rigs. With additional offices in locations such as Aberdeen, Katy, Scott, Hoofddorp, Crows Nest, and Rio de Janeiro, Tampnet aims to enhance operational quality, safety, efficiency, and welfare for its clients by delivering reliable connectivity that links offshore assets to robust terrestrial networks.
Private Equity Round in 2012
Broadnet is Norway's foremost provider of fiber-based data communication, catering to businesses, operators, and the public sector. With a comprehensive nationwide fiber network spanning 40,000 kilometers and connecting over 90 towns across the country, Broadnet offers reliable and secure communication solutions. The company focuses on delivering broadband and data services that enable corporate clients to connect globally, ensuring high levels of security and stability. Recently, Broadnet has initiated an extensive rollout of fiber infrastructure aimed at enhancing connectivity for Norwegian companies. As a national entity, Broadnet is positioned to meet the growing demand for robust data communication services in the region.
AcadeMedia AB is the largest independent education provider in Northern Europe, offering a comprehensive range of educational services from preschool through adult education. The company operates approximately 661 educational facilities across Sweden, Norway, and Germany, encompassing four main segments: Preschool, Compulsory School, Upper Secondary School, and Adult Education. It manages various brands, including Pysslingen Förskolor, Espira, and Joki for preschools; Pysslingen Skolor, Vittra, and Pops Academy for compulsory schools; and Praktiska, Drottning Blanka, and NTI for upper secondary education. The adult education segment includes brands such as Eductus and Hermods. Founded in 1996 and headquartered in Stockholm, AcadeMedia primarily generates its revenue from the Upper Secondary School segment, with a significant portion of its operations and revenue derived from Sweden.
XXL was founded in 2001 and today owns and operates 14 sporting goods mega-stores located in the largest cities in Norway. In the period 2003 to 2010 sales have grown on average by 30% per year and in 2010 XXL expects to reach sales of almost NOK 2 billion. XXL is the fastest growing player on the Norwegian sporting goods retail market with a market share of close to 15%, which is increasing rapidly.
Scandic Hotels Group is a Sweden-based company that engages itself in operation of hotels. It operates more than 200 hotels at close to 120 destinations which give a unique geographic reach for both corporate and leisure travelers. The majority of the company revenue comes from business travel and conferences. The business of the group is operated through various geographical region which includes Sweden, Belgium, Denmark, Finland, Norway, Poland, and Germany out of which Sweden accounts for majority of revenue.
Rolls-Royce Power Systems AG with registered offices in Friedrichshafen is a specialist for large engines, propulsion systems and distributed energy systems, which operated previously under the name of Tognum AG. The core company is MTU Friedrichshafen, with its regional companies of MTU America in Novi, Michigan, USA, and MTU Asia in Singapore. Under the MTU brand, Rolls-Royce Power Systems markets large high-speed engines and propulsion systems for ships, for heavy land, rail and defence vehicles, and for the oil and gas industry. The product portfolio for distributed energy systems, which are marketed under the MTU Onsite Energy brand, includes diesel gensets for emergency, base load and peak load applications, in addition to cogeneration plants for the generation of combined heat and power based on gas engines and/or gas turbines. The Norwegian subsidiary Bergen Engines manufactures medium-speed diesel and gas engines for marine and power generation applications. Fuel injection systems manufactured by L'Orange are also included in the product portfolio.
Plantasjen AS operates a chain of garden superstores in the Nordic region, specifically in Norway, Sweden, and Finland. Founded in 1986 and headquartered in Kongsvinger, Norway, the company specializes in a diverse range of products including flowers, indoor and outdoor plants, garden furniture, and various gardening accessories such as soil and fertilizers. By providing a comprehensive assortment of gardening solutions, Plantasjen aims to meet the needs of customers looking for affordable options for their gardening and home decoration projects. The company sells its products through a wholly owned network of stores, ensuring a consistent retail experience for its clientele.
Haanpaa is a logistics company specializing in the distribution of chemical products across Europe. Founded in 1949 by Jussi Haanpaa and headquartered in Vantaa, Finland, the company offers a range of services including storage, maintenance, transportation, and delivery in various European cities. Haanpaa also engages in sampling, monitoring, and packaging of chemical products, along with tank inspection and customer support services. The company produces specialty chemicals, pulps and papers, fuels, lubricants, animal feeds, and agricultural commodities. With branches in Finland, Sweden, Norway, Estonia, Russia, and the Netherlands, Haanpaa has established a strong presence in the logistics sector for liquid chemical products. Since July 2016, it has operated as a subsidiary of Groupe Samat SA.