Novax AB

Novax AB is a private equity and venture capital arm of Axel Johnson AB. The firm does not invest in start-ups. The firm specializes in mezzanine, middle market, late venture, emerging growth, and growth capital investments in small and medium sized companies. It invests in consumer oriented sectors including retail, service, trade, brands, health and wellness, security, and entertainment. The firm prefers to invest in companies based in the Nordic region. It typically invests between SEK100 million ($10.84 million) and SEK300 million ($32.52 million) in companies with an enterprise value between SEK 100 million ($10.84 million) and SEK1000 million ($108.39 million), revenues between SEK75 million ($8.13 million) and SEK1000 million ($108.39 million), and EBITDA up to SEK250 million ($27.10 million). The firm seeks to invest through its personal capital and balance sheet. Novax AB was founded in 1999 and is based in Stockholm, Sweden.