FSN Capital

FSN Capital, established in 1999, is a Nordic private equity firm headquartered in Oslo, Norway, with regional offices in Sweden, Germany, and Denmark. The company focuses on the middle-market segment, investing in growth-stage companies across Northern Europe. FSN Capital's investment strategy is long-term and patient, supported by a broad range of Nordic and international institutions. The firm targets companies in sectors such as commercial products, information technology, business services, and manufacturing, with an enterprise value typically ranging from EUR 400 to EUR 2000 million. FSN Capital also seeks ESG investments, aligning with Article 8 of the EU SFDR. The firm's funds, including FSN Capital III, IV, V, and VI, reflect this strategy, investing in countries like Denmark, Finland, Norway, and Sweden.

Andreas Damgaard

Investment Associate

Lars Denkov

Partner

Nikolai Doepel

Investment Associate

Talitha Eber

Investment Director

Marcus Egelstig

Partner

Debbie Fellmerk

Investment Manager

Kristina Wirén González

Investment Manager

Maria Grøner

Investment Manager

Moritz Hafner

Principal

Nicholas Hjorth

Principal

Jesper Isaksen

Partner

Joar Jansson

Investment Manager

Christian Jelsbech

Investment Manager

Adeline Jennische

Principal

Mike Joseph

Investment Associate

Justin Kent

Partner

Eskil Koffeld

Partner

Simon Larsson

Principal

Severin Loos

Investment Director

Moritz Madlener

Investment Manager

Robin Mürer

Co-Managing Partner

Erik Nelson

Partner

Clemens Plainer

Investment Director

Reginald Seawright

Investment Director

Ulrik Smith

Co-Managing Partner

Barbara Stolz

Investment Manager

Frode Strand-Nielsen

Founder and Chairperson

Marie-Christine Volkert

Investment Associate

Eirik Hjeltnes Wabø

Investment Director

Maximilian Weimann

Investment Manager

Marcus Wintersø

Investment Director

Stephan Zogbaum

Investment Associate

87 past transactions

PolyTech

Private Equity Round in 2023
PolyTech specializes in providing development, testing, and production services, particularly within the wind-energy sector across various countries, including Denmark, Germany, China, and Mexico. The company is recognized for its expertise in Lightning Protection Systems (LPS) and Leading Edge Protection. By operating large-scale production facilities and accredited test centers, PolyTech supports original equipment manufacturers (OEMs) and aftermarket customers in the design, testing, and optimization of their assets. Their engineer-driven approach encompasses the entire value chain, allowing them to address clients' specific needs through innovative solutions in lightning protection, blade monitoring, and transport equipment. With a strong emphasis on understanding customer objectives, PolyTech seeks to form partnerships that ensure successful project outcomes.

Lobster

Acquisition in 2023
Lobster offers software solutions for smart data management, hybrid and operational process integration, and product communication.

ilionx Group

Acquisition in 2022
ilionx Group is a digital business solutions provider with over 350 employees across five locations in the Netherlands. The company specializes in assisting organizations with successful business transformation by leveraging modern information technology. ilionx offers a range of services including data analytics, application development, business innovations, management consulting, and mobile and security assistance. These services enable clients to achieve flexible and impactful technical architecture and integration, catering to various sectors such as healthcare institutions, government agencies, multinationals, and financial institutions.

Baker Goertz

Venture Round in 2022
Baker Goertz is a large-scale bakery that provides innovative concepts on the market, from the seasonally inspired baked goods counter to cozy cafés to the bakery bistro, including lunch. They have unique branches. The cake can be ordered with just a few clicks and can be picked up shortly at the branch. In addition, they will keep themselves up-to-date in the news area about promotions and events relating to Baker Goertz. An online inquiry form is available on the company's website.

Active Brands AS

Venture Round in 2022
Active Brands AS is a manufacturer and supplier of premium sporting goods to the sports retail industry in the Nordic region. Established in 2010 and headquartered in Oslo, Norway, the company has locations in Voss, Gothenburg, and Shanghai. Its diverse brand portfolio includes Kari Traa, specializing in women's sportswear; Bula, offering accessories; Vossatassar for children's wear; Åsnes, known for skis; Bjørn Dæhlie, focusing on cross-country skiwear; and Sweet Protection, which provides ski helmets and protective apparel. Active Brands exports its products to Europe and the United States, with a turnover of approximately NOK 650 million as of 2015 and a workforce of 165 employees. The company aims to strengthen its brand positions and become a preferred partner for retailers while pursuing growth through both its existing brands and potential acquisitions.

OptiGroup

Venture Round in 2022
OptiGroup is a European business-to-business distributor specializing in essential supplies for various industries. It offers products across four categories: Facility Solutions (cleaning and maintenance), Packaging & Safety Solutions, Printing & Creative Solutions, and Reseller Solutions. OptiGroup's extensive product portfolio includes coated and uncoated paper, paperboard, hygiene items, office supplies, graphic papers, and packaging materials, enabling clients to source their paper needs from a single provider.

Seriline

Acquisition in 2022
Seriline is a knowledge company focused on developing and marketing systems and products for personal identification and security. The company offers an identity and access management platform that utilizes proprietary software to provide a range of services, including identity management, parking, and visitor systems. By streamlining the processes related to identity management, Seriline helps clients enhance confidentiality and integrity while ensuring user-friendly experiences.

Adragos Pharma

Venture Round in 2021
Adragos Pharma is a globally operating Contract Development and Manufacturing Organization (CDMO) that specializes in the production of finished dosage forms for small-molecule pharmaceuticals. The company focuses on providing contract development and manufacturing services, particularly for non-biotech products, with an emphasis on injectables and semi-solid formulations. By acting as a local partner, Adragos Pharma offers reliable supply solutions at competitive prices, enabling clients to efficiently bring their pharmaceutical products to market.

Adragos Pharma

Acquisition in 2021
Adragos Pharma is a globally operating Contract Development and Manufacturing Organization (CDMO) that specializes in the production of finished dosage forms for small-molecule pharmaceuticals. The company focuses on providing contract development and manufacturing services, particularly for non-biotech products, with an emphasis on injectables and semi-solid formulations. By acting as a local partner, Adragos Pharma offers reliable supply solutions at competitive prices, enabling clients to efficiently bring their pharmaceutical products to market.

Megabad

Acquisition in 2021
Megabad is an online store for sanitary and heating products in Cologne.

Megabad

Venture Round in 2021
Megabad is an online store for sanitary and heating products in Cologne.

Omegapoint

Venture Round in 2021
Omegapoint specializes in secure digital transformation services, catering to various sectors including banking, finance, automotive, media, and healthcare. The company focuses on enhancing business security by providing consulting in cybersecurity and secure digitization. By integrating its business acumen with expertise in systems development, scalability, and safety, Omegapoint assists clients in developing their operations and systems securely. Their offerings encompass a range of services including integration, support, maintenance, training, and management, positioning Omegapoint as a market leader in system architecture, security, and IT management.

Omegapoint

Acquisition in 2021
Omegapoint specializes in secure digital transformation services, catering to various sectors including banking, finance, automotive, media, and healthcare. The company focuses on enhancing business security by providing consulting in cybersecurity and secure digitization. By integrating its business acumen with expertise in systems development, scalability, and safety, Omegapoint assists clients in developing their operations and systems securely. Their offerings encompass a range of services including integration, support, maintenance, training, and management, positioning Omegapoint as a market leader in system architecture, security, and IT management.

TASKING

Acquisition in 2020
TASKING is a privately held company that specializes in embedded system compiler technology services. It develops performance-driven compilers specifically tailored for automotive manufacturers and suppliers. The company's offerings include embedded systems development software, which encompasses tools for electronic printed circuit board (PCB) design, as well as compilers, debuggers, and code analysis tools. Additionally, TASKING operates a marketplace for the sale of PCB components, further supporting the needs of its clients in the automotive sector.

Obton

Funding Round in 2020
Obton is a long-term investment partner with experience in creating stable returns through investment in solar parks. It offers alternative investment projects specializing in creating the best returns through green operating assets. The company was founded in 2006 and operates in Aarhus, Denmark.

TASKING

Venture Round in 2020
TASKING is a privately held company that specializes in embedded system compiler technology services. It develops performance-driven compilers specifically tailored for automotive manufacturers and suppliers. The company's offerings include embedded systems development software, which encompasses tools for electronic printed circuit board (PCB) design, as well as compilers, debuggers, and code analysis tools. Additionally, TASKING operates a marketplace for the sale of PCB components, further supporting the needs of its clients in the automotive sector.

MHP Solution Group

Acquisition in 2020
MHP Software GmbH specializes in software solutions for shipping logistics, mobile warehouse applications, and foreign trade across Europe. The company's offerings in shipping logistics include V-LOG, a multi-carrier shipping software, V-LOG Touch for automating shipping processes, F-COST for managing freight costs, V-NOTIFIER for controlling customized email notifications, Shiptrack.com for monitoring shipment lifecycles, and V-LOG WEB, a mobile solution. Its warehouse logistics products encompass M-CONTROL, which manages various aspects of inventory and order processing. In the realm of foreign trade, MHP provides S-CHECK for export control, Z-EMCS for excise movement monitoring, and Z-INTRA for generating reporting files. Additionally, MHP Software offers hardware such as labels, thermal printers, and scanners, along with consulting, software development, and process enhancement services. Founded in 1999, the company is headquartered in Neustadt, Germany, and has expanded its presence with offices in Austria and Spain.

Håndverksgruppen

Venture Round in 2020
Håndverksgruppen is a service provider specializing in tradesman services, including masonry, painting, tiling, and flooring. The company caters to a variety of sectors, such as insurance, hospitality, and construction, by collaborating with local craft companies to deliver high-quality craftsmanship. In addition to its primary services, Håndverksgruppen also offers restoration of wall chips, addressing the diverse needs of its clientele. Customers can easily reach the company for inquiries through phone, email, and online applications, ensuring efficient communication and support. By focusing on productivity and cost-effectiveness, Håndverksgruppen aims to enhance the operational efficiency of its clients across multiple industries.

Fellowmind

Venture Round in 2019
Fellowmind is an information technology company that specializes in Microsoft business applications, including ERP, CRM, and business intelligence solutions. It operates as a partner platform for various sectors, particularly manufacturing, automotive, and financial services. Fellowmind focuses on facilitating successful digital transformations for its clients by leveraging data, analytics, and advanced technology. The company aims to enhance customer success through its extensive expertise across diverse industries and business contexts.

iMPREG GmbH

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

iMPREG GmbH

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

Fellowmind

Acquisition in 2019
Fellowmind is an information technology company that specializes in Microsoft business applications, including ERP, CRM, and business intelligence solutions. It operates as a partner platform for various sectors, particularly manufacturing, automotive, and financial services. Fellowmind focuses on facilitating successful digital transformations for its clients by leveraging data, analytics, and advanced technology. The company aims to enhance customer success through its extensive expertise across diverse industries and business contexts.

Office IT-Partner

Acquisition in 2019
Office IT-Partner is an information technology and services company.

Rameder

Venture Round in 2019
Rameder is a prominent online retailer and wholesale distributor specializing in automotive carrier products. The company offers a wide range of products, including towbars, roof boxes, and bike carriers, as well as various car parts and accessories. In addition to its retail operations, Rameder provides installation services tailored for automotive shops and garages, ensuring customers receive comprehensive support for their needs. The company is recognized for its commitment to quality and customer service in the automotive accessory market.

Rameder

Acquisition in 2018
Rameder is a prominent online retailer and wholesale distributor specializing in automotive carrier products. The company offers a wide range of products, including towbars, roof boxes, and bike carriers, as well as various car parts and accessories. In addition to its retail operations, Rameder provides installation services tailored for automotive shops and garages, ensuring customers receive comprehensive support for their needs. The company is recognized for its commitment to quality and customer service in the automotive accessory market.

Saferoad Group

Venture Round in 2018
Saferoad Group is a Norwegian company that specializes in providing road safety and infrastructure solutions. Founded in 2007 and headquartered in Oslo, it designs, manufactures, and delivers a wide range of products aimed at enhancing road safety and infrastructure standards. The company's offerings include lighting columns, road signs, road markings, restraint systems, and light poles. By continuously innovating and promoting effective products, Saferoad Group seeks to prevent traffic accidents and minimize their consequences, ultimately contributing to safer travel for all road users.

ViaCon Group

Acquisition in 2018
ViaCon Group is a global engineering solutions provider, specializing in the manufacture and supply of construction products such as flexible pipes and structures for culverts, bridges, tunnels, and animal crossings. With nearly three decades of experience, ViaCon has merged its Scandinavian roots with international expertise, operating across 19 countries to support customers and society's infrastructure needs. The company offers comprehensive solutions, including design assistance and document preparation, serving a diverse range of clients from multinational contractors to local businesses.

ViaCon Group

Venture Round in 2018
ViaCon Group is a global engineering solutions provider, specializing in the manufacture and supply of construction products such as flexible pipes and structures for culverts, bridges, tunnels, and animal crossings. With nearly three decades of experience, ViaCon has merged its Scandinavian roots with international expertise, operating across 19 countries to support customers and society's infrastructure needs. The company offers comprehensive solutions, including design assistance and document preparation, serving a diverse range of clients from multinational contractors to local businesses.

Nordlo

Venture Round in 2018
Nordlo is a provider of digitalization and managed IT services, primarily serving small and medium-sized enterprises in the Nordic region. Based in Stockholm, Sweden, the company offers a range of services including information technology infrastructure, outsourcing, cloud solutions, and digitalization support. By focusing on the specific needs of its clients, Nordlo facilitates enhanced collaboration and engagement in information technology, enabling businesses to effectively adapt to the digital landscape.

Nordlo

Acquisition in 2018
Nordlo is a provider of digitalization and managed IT services, primarily serving small and medium-sized enterprises in the Nordic region. Based in Stockholm, Sweden, the company offers a range of services including information technology infrastructure, outsourcing, cloud solutions, and digitalization support. By focusing on the specific needs of its clients, Nordlo facilitates enhanced collaboration and engagement in information technology, enabling businesses to effectively adapt to the digital landscape.

Sneakersnstuff

Acquisition in 2018
Sneakersnstuff AB is a global retailer specializing in limited edition sneakers, apparel, and accessories for men and women. Founded in 1999 and headquartered in Stockholm, Sweden, the company operates both brick-and-mortar stores and an online platform to reach its customers. Its product range includes sneakers, t-shirts, jackets, sweatpants, and various accessories like bags and hats. In addition to its flagship location in Stockholm, Sneakersnstuff has expanded its presence internationally with stores in New York, Berlin, London, and Paris, catering to a diverse clientele passionate about sneaker culture and contemporary fashion.

Saferoad Group

Acquisition in 2018
Saferoad Group is a Norwegian company that specializes in providing road safety and infrastructure solutions. Founded in 2007 and headquartered in Oslo, it designs, manufactures, and delivers a wide range of products aimed at enhancing road safety and infrastructure standards. The company's offerings include lighting columns, road signs, road markings, restraint systems, and light poles. By continuously innovating and promoting effective products, Saferoad Group seeks to prevent traffic accidents and minimize their consequences, ultimately contributing to safer travel for all road users.

Sneakersnstuff

Venture Round in 2018
Sneakersnstuff AB is a global retailer specializing in limited edition sneakers, apparel, and accessories for men and women. Founded in 1999 and headquartered in Stockholm, Sweden, the company operates both brick-and-mortar stores and an online platform to reach its customers. Its product range includes sneakers, t-shirts, jackets, sweatpants, and various accessories like bags and hats. In addition to its flagship location in Stockholm, Sneakersnstuff has expanded its presence internationally with stores in New York, Berlin, London, and Paris, catering to a diverse clientele passionate about sneaker culture and contemporary fashion.

Morenot

Venture Round in 2018
Morenot Group is a prominent player in the international markets of fisheries, aquaculture, and marine seismic. The group operates through various subsidiaries, with Morenot Fishery focusing on purse seine and trawl fishing, providing high-quality services along the Norwegian coast and in key markets such as Norway, the North Sea basin, Russia, and the United States. Morenot Aquaculture specializes in producing nylon and Dyneema® netting, offering custom moorings, de-lousing tarpaulins, and other essential equipment for aquaculture farms, along with services like washing, repair, and coating. Additionally, the company manufactures a range of fishing equipment, including pots, jigging machines, ropes, and nets, while also providing consultancy services tailored to the fishing, aquaculture, and seismic industries, ensuring clients can effectively meet their operational needs.

Morenot

Acquisition in 2018
Morenot Group is a prominent player in the international markets of fisheries, aquaculture, and marine seismic. The group operates through various subsidiaries, with Morenot Fishery focusing on purse seine and trawl fishing, providing high-quality services along the Norwegian coast and in key markets such as Norway, the North Sea basin, Russia, and the United States. Morenot Aquaculture specializes in producing nylon and Dyneema® netting, offering custom moorings, de-lousing tarpaulins, and other essential equipment for aquaculture farms, along with services like washing, repair, and coating. Additionally, the company manufactures a range of fishing equipment, including pots, jigging machines, ropes, and nets, while also providing consultancy services tailored to the fishing, aquaculture, and seismic industries, ensuring clients can effectively meet their operational needs.

Gram Equipment

Venture Round in 2018
Gram Equipment is a leading supplier of equipment and solutions for the global ice cream industry. The company specializes in manufacturing advanced industrial ice cream production equipment, including freezers, ingredient feeders, stick inserters, packing products, and chocolate equipment. In 2014, Gram Equipment strengthened its market position by acquiring Waukesha/Cherry Burrel, which enhanced its resources and capabilities while maintaining the legacy of high-quality products associated with both brands. In addition to its manufacturing capabilities, Gram Equipment provides comprehensive services, including the service and maintenance of its equipment, thereby ensuring a full spectrum of support for its diverse clientele.

Gram Equipment

Acquisition in 2017
Gram Equipment is a leading supplier of equipment and solutions for the global ice cream industry. The company specializes in manufacturing advanced industrial ice cream production equipment, including freezers, ingredient feeders, stick inserters, packing products, and chocolate equipment. In 2014, Gram Equipment strengthened its market position by acquiring Waukesha/Cherry Burrel, which enhanced its resources and capabilities while maintaining the legacy of high-quality products associated with both brands. In addition to its manufacturing capabilities, Gram Equipment provides comprehensive services, including the service and maintenance of its equipment, thereby ensuring a full spectrum of support for its diverse clientele.

Holmbergs Safety System Holding

Venture Round in 2017
Holmbergs Safety System is a global supplier of essential safety systems focused on the child safety seat industry. The company designs and manufactures a range of products, including fastening systems, child restraint components, and harness systems. Its offerings extend to components used in ambulances, wheelchairs, overhead lifts, and sling products. By prioritizing safety and comfort, Holmbergs aims to enhance transportation safety for individuals worldwide, contributing to the protection and well-being of passengers in various settings.

Holmbergs Safety System Holding

Acquisition in 2017
Holmbergs Safety System is a global supplier of essential safety systems focused on the child safety seat industry. The company designs and manufactures a range of products, including fastening systems, child restraint components, and harness systems. Its offerings extend to components used in ambulances, wheelchairs, overhead lifts, and sling products. By prioritizing safety and comfort, Holmbergs aims to enhance transportation safety for individuals worldwide, contributing to the protection and well-being of passengers in various settings.

Active Brands AS

Acquisition in 2017
Active Brands AS is a manufacturer and supplier of premium sporting goods to the sports retail industry in the Nordic region. Established in 2010 and headquartered in Oslo, Norway, the company has locations in Voss, Gothenburg, and Shanghai. Its diverse brand portfolio includes Kari Traa, specializing in women's sportswear; Bula, offering accessories; Vossatassar for children's wear; Åsnes, known for skis; Bjørn Dæhlie, focusing on cross-country skiwear; and Sweet Protection, which provides ski helmets and protective apparel. Active Brands exports its products to Europe and the United States, with a turnover of approximately NOK 650 million as of 2015 and a workforce of 165 employees. The company aims to strengthen its brand positions and become a preferred partner for retailers while pursuing growth through both its existing brands and potential acquisitions.

BHG

Venture Round in 2016
BHG Group AB is a consumer e-commerce company headquartered in Malmö, Sweden, specializing in a wide array of home improvement and furnishing products. The company operates approximately 85 online platforms, including well-known sites such as bygghemma.se, trademaX.se, and furniturebox.se, alongside around 70 physical showrooms. BHG offers approximately 800,000 products across various categories, including DIY, leisure, furniture, and home furnishings. Its operations are primarily focused on the Nordic region, but the company also extends its services to other European markets and select areas outside Europe. Established in 2006, BHG has evolved significantly, enhancing the online shopping experience for customers through its multiple brands targeting diverse segments, including DIY enthusiasts and price-conscious consumers.

bygghemma

Acquisition in 2016
Bygghemma.se is a prominent online retailer specializing in do-it-yourself and building supplies, established in Sweden in 2006. The company has expanded significantly, operating 10 online stores and six physical locations across the Nordic region. Bygghemma's mission focuses on providing a diverse selection of building products at competitive prices, with home delivery services tailored mainly for individual customers seeking quality supplies from well-known brands. The Construction Home Group, which owns Bygghemma, employs approximately 250 individuals across eight offices in Sweden, Norway, Denmark, and Finland. The group, headquartered in Malmö, reported sales of SEK 2 billion in 2015. The brand encompasses various specialized online stores, including golvshop.se, badshop.se, and linoleumkompaniet.se in Sweden, along with taloon.com and netrauta.com in Finland, bygghjemme.no in Norway, and byghjemme.dk in Denmark, among others.

Netcompany A/S

Venture Round in 2016
Netcompany A/S is a Danish IT services company that specializes in delivering business-critical IT solutions to both public and private sector clients across multiple countries, including Denmark, Norway, the United Kingdom, the Netherlands, Poland, and Vietnam. Founded in 2000 and headquartered in Copenhagen, the company provides a wide range of services, including the development, maintenance, and operation of IT solutions in areas such as digital platforms, application development, cognitive computing, e-commerce, enterprise resource planning, customer relationship management, and data management. Netcompany serves diverse sectors, including finance, government, manufacturing, retail, telecommunications, and utilities, utilizing advanced technologies to enhance business efficiency and effectiveness. With approximately 400 employees across offices in Copenhagen, Aarhus, and Aalborg, Netcompany emphasizes a combination of technical expertise and agile delivery to meet client needs.

Netcompany A/S

Acquisition in 2015
Netcompany A/S is a Danish IT services company that specializes in delivering business-critical IT solutions to both public and private sector clients across multiple countries, including Denmark, Norway, the United Kingdom, the Netherlands, Poland, and Vietnam. Founded in 2000 and headquartered in Copenhagen, the company provides a wide range of services, including the development, maintenance, and operation of IT solutions in areas such as digital platforms, application development, cognitive computing, e-commerce, enterprise resource planning, customer relationship management, and data management. Netcompany serves diverse sectors, including finance, government, manufacturing, retail, telecommunications, and utilities, utilizing advanced technologies to enhance business efficiency and effectiveness. With approximately 400 employees across offices in Copenhagen, Aarhus, and Aalborg, Netcompany emphasizes a combination of technical expertise and agile delivery to meet client needs.

Roplan

Acquisition in 2015
Roplan AB is a manufacturer and supplier of custom mechanical shaft seals for rotating machinery, with a focus on high-end solutions. Founded in 1977 and based in Tumba, Sweden, the company designs, develops, and produces seals specifically for applications in pumps, mixers, compressors, and propulsion systems. Roplan serves original equipment manufacturers (OEMs) globally, providing not only seals but also repair and replacement services. Additionally, the company assists clients with product upgrades and the design of new solutions. With operational centers around the world, Roplan has established itself as a niche leader in the field of mechanical seals, emphasizing its unique value proposition to its customers.

Roplan

Venture Round in 2015
Roplan AB is a manufacturer and supplier of custom mechanical shaft seals for rotating machinery, with a focus on high-end solutions. Founded in 1977 and based in Tumba, Sweden, the company designs, develops, and produces seals specifically for applications in pumps, mixers, compressors, and propulsion systems. Roplan serves original equipment manufacturers (OEMs) globally, providing not only seals but also repair and replacement services. Additionally, the company assists clients with product upgrades and the design of new solutions. With operational centers around the world, Roplan has established itself as a niche leader in the field of mechanical seals, emphasizing its unique value proposition to its customers.

Fitness World AS

Venture Round 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 variety of services, including personal training, group training, and nutritional counseling. Additionally, Fitness World provides training through an application software, enhancing the fitness experience for its members. The company was previously known as FITNESS WORLD HOLDING ApS until its name change in May 2008. As of January 2020, it operates as a subsidiary of Pure Gym Limited.

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 variety of services, including personal training, group training, and nutritional counseling. Additionally, Fitness World provides training through an application software, enhancing the fitness experience for its members. The company was previously known as FITNESS WORLD HOLDING ApS until its name change in May 2008. As of January 2020, it operates as a subsidiary of Pure Gym Limited.

EET Europarts

Venture Round in 2015
EET Europarts is Europe's largest distributor of video surveillance, spare parts, and accessories for computers, printers, and mobile phones. They focus on eight product divisions, distributing leading brands in areas such as server, computer, and printer parts, mobile accessories, surveillance, professional AV, digital signage, point of sale, auto-ID, network, and KVM. Part of the EET Group, founded in 1986, EET Europarts serves over 43,000 dealers in 25 countries across Europe and Africa. With almost 500 employees, they manage more than 1,000,000 deliveries annually from their headquarters in Birkerød and logistics center in Ballerup.

Fibo-Trespo

Acquisition in 2015
Fibo-Trespo AS is a manufacturer based in Lyngdal, Norway, specializing in wall panels for bathrooms, wet rooms, and other laminated products. Established in 1952, the company produces a range of items including kitchen boards, laminate countertops, flooring laminates, and various profiles and accessories. Fibo-Trespo's wall panels are specifically designed for wet environments and are approved for use on outer walls without a membrane, meeting the technical standards set by relevant authorities. The kitchen boards share the same surface and approvals as the wall panels but are tailored for the space between countertops and wall cabinets. The company is committed to innovation, continuously developing new solutions and offering a diverse selection of decor to meet customer needs. Fibo-Trespo distributes its products through retail channels, ensuring accessibility for clients and customers.

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. They focus on eight product divisions, distributing leading brands in areas such as server, computer, and printer parts, mobile accessories, surveillance, professional AV, digital signage, point of sale, auto-ID, network, and KVM. Part of the EET Group, founded in 1986, EET Europarts serves over 43,000 dealers in 25 countries across Europe and Africa. With almost 500 employees, they manage more than 1,000,000 deliveries annually from their headquarters in Birkerød and logistics center in Ballerup.

Kjell & Co Elektronik

Venture Round in 2014
Kjell & Co Elektronik A.B. is a Swedish retailer specializing in home electronics accessories. Founded in 1988 and headquartered in Malmö, the company operates a chain of physical stores across Sweden, in addition to offering its products through online sales channels. Kjell & Co Elektronik A.B. was previously a subsidiary of ICA Gruppen AB. The company is dedicated to providing a wide range of electronic accessories to meet the needs of consumers.

Kjell & Co Elektronik

Acquisition in 2014
Kjell & Co Elektronik A.B. is a Swedish retailer specializing in home electronics accessories. Founded in 1988 and headquartered in Malmö, the company operates a chain of physical stores across Sweden, in addition to offering its products through online sales channels. Kjell & Co Elektronik A.B. was previously a subsidiary of ICA Gruppen AB. The company is dedicated to providing a wide range of electronic accessories to meet the needs of consumers.

Instalco

Acquisition in 2014
Instalco is a technical installation group operating in the Nordic market, specifically in Sweden, Norway, and Finland. The company specializes in the installation, service, and maintenance of various systems, including heating, plumbing, electrical, ventilation, and cooling. Instalco focuses on mid-size projects and provides comprehensive end-to-end solutions for real estate and facilities. Its operations are divided into two segments: Sweden and the Rest of Nordic. The company generates revenue through the execution of installation projects, construction contracts, and service agreements, positioning itself as a key player in the region's technical installation sector.

Instalco

Venture Round in 2014
Instalco is a technical installation group operating in the Nordic market, specifically in Sweden, Norway, and Finland. The company specializes in the installation, service, and maintenance of various systems, including heating, plumbing, electrical, ventilation, and cooling. Instalco focuses on mid-size projects and provides comprehensive end-to-end solutions for real estate and facilities. Its operations are divided into two segments: Sweden and the Rest of Nordic. The company generates revenue through the execution of installation projects, construction contracts, and service agreements, positioning itself as a key player in the region's technical installation sector.

Vita Group

Venture Round in 2013
VITA is an online store. They are chains within beauty and wellness shops. Their products include sun care, makeup, skin care, hair, body perfume, healthy food, accessories, men's, and K-Beauty. Their products in the online store come directly from authorized suppliers and are guaranteed to be completely genuine.

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 AB is a Swedish company that specializes in developing and supplying metal-based mesh panel solutions for various applications, including property protection, machine guarding, and warehouse partitioning. Founded in 1955 and headquartered in Hillerstorp, the company operates in several regions, including the Nordic countries, the United Kingdom, North America, and Continental Europe, with a significant portion of its revenue generated from the latter. Troax's product offerings include machine guarding systems, various types of panels and posts, stainless steel lines, and an array of accessories. Additionally, Troax provides various door solutions, anti-collapse systems, and mesh shelving systems tailored for material handling and logistics. The company emphasizes safety, versatility, and accessibility, reflecting years of development in its products designed to secure hazardous areas and protect valuable property.

Troax AB

Venture Round in 2013
Troax AB is a Swedish company that specializes in developing and supplying metal-based mesh panel solutions for various applications, including property protection, machine guarding, and warehouse partitioning. Founded in 1955 and headquartered in Hillerstorp, the company operates in several regions, including the Nordic countries, the United Kingdom, North America, and Continental Europe, with a significant portion of its revenue generated from the latter. Troax's product offerings include machine guarding systems, various types of panels and posts, stainless steel lines, and an array of accessories. Additionally, Troax provides various door solutions, anti-collapse systems, and mesh shelving systems tailored for material handling and logistics. The company emphasizes safety, versatility, and accessibility, reflecting years of development in its products designed to secure hazardous areas and protect valuable property.

Skamol

Venture Round in 2013
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.

Skamol

Acquisition in 2012
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.

PM Retail

Venture Round 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 the unique requirements of its target demographic, PM Retail aims to provide stylish and appropriate clothing options for mature women.

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 the unique requirements of its target demographic, PM Retail aims to provide stylish and appropriate clothing options for mature women.

HusCompagniet

Venture Round in 2011
HusCompagniet A/S is a prominent house builder primarily operating in Denmark, with expanding activities in Sweden and Germany. The company specializes in the design, sale, and delivery of customizable single-family detached houses, which are largely constructed on-site on land owned by customers. Additionally, HusCompagniet offers semi-detached houses to both consumers and professional investors, and produces prefabricated wood-framed houses under the VårgårdaHus brand in Sweden. Headquartered in Horsens, Denmark, the company has established a strong market presence, being three times larger than its nearest competitor in Denmark. Since its incorporation in 2015, HusCompagniet has achieved significant revenue growth and has been recognized as House Builder of the Year in Denmark for three consecutive years, employing around 230 people and delivering over 1,000 houses annually across its markets.

HusCompagniet

Acquisition in 2011
HusCompagniet A/S is a prominent house builder primarily operating in Denmark, with expanding activities in Sweden and Germany. The company specializes in the design, sale, and delivery of customizable single-family detached houses, which are largely constructed on-site on land owned by customers. Additionally, HusCompagniet offers semi-detached houses to both consumers and professional investors, and produces prefabricated wood-framed houses under the VårgårdaHus brand in Sweden. Headquartered in Horsens, Denmark, the company has established a strong market presence, being three times larger than its nearest competitor in Denmark. Since its incorporation in 2015, HusCompagniet has achieved significant revenue growth and has been recognized as House Builder of the Year in Denmark for three consecutive years, employing around 230 people and delivering over 1,000 houses annually across its markets.

Vindora

Venture Round in 2009
Vindora operates schools and colleges in Sweden and provides vocational training and theoretical education programs. It was founded in 1992 and is based in Gothenburg, Sweden.

Norman Shark

Acquisition in 2009
Norman Shark is a company specializing in enterprise anti-malware and internet security solutions. It offers proactive security software services and forensic malware tools designed to analyze and construct resilient networks against advanced targeted attacks. In addition to its core offerings, Norman Shark is focused on developing software services for threat discovery, security analytics, and protection of industrial control systems. The company's products are aimed at enhancing cybersecurity measures for its clients, ensuring they can effectively safeguard their digital environments.

Tactel

Acquisition in 2009
Tactel AB is an innovation and technology company based in Malmo, Sweden, with additional offices in Stockholm and Umeå. Founded in 1995, Tactel specializes in digital services for business and user experience, focusing on areas such as human insights through research and consumer validation, prototyping, design, technology, and business innovation. The company provides solutions including mobile development, design and front-end services for financial institutions, in-flight entertainment, web development, Internet of Things monitoring systems, field worker applications, device management, and CRM tools for the retail market. Tactel also offers expertise in Android software development and creating strong visual experiences, turning hardware into high-performance devices. The company combines skills from mobile software development, design, and gaming to provide comprehensive solutions that enhance user experiences and drive business growth.

Tactel

Venture Round in 2009
Tactel AB is an innovation and technology company based in Malmo, Sweden, with additional offices in Stockholm and Umeå. Founded in 1995, Tactel specializes in digital services for business and user experience, focusing on areas such as human insights through research and consumer validation, prototyping, design, technology, and business innovation. The company provides solutions including mobile development, design and front-end services for financial institutions, in-flight entertainment, web development, Internet of Things monitoring systems, field worker applications, device management, and CRM tools for the retail market. Tactel also offers expertise in Android software development and creating strong visual experiences, turning hardware into high-performance devices. The company combines skills from mobile software development, design, and gaming to provide comprehensive solutions that enhance user experiences and drive business growth.

Green Landscaping Group

Venture Round in 2009
Green Landscaping Group is a leading landscaping company in Sweden that specializes in the creation and management of outdoor environments. The company offers a wide range of services, including park management, landscaping, construction, and maintenance of green areas, courtyards, and sports facilities. Additionally, it provides tree care and winter services such as snow and ice removal. With approximately 400 employees, Green Landscaping Group operates across several geographic segments, including regions in Sweden, Norway, and Finland. The company is committed to cultivating outdoor spaces in accordance with its green ideals, ensuring that these environments are enjoyable and accessible throughout the year.

Vizrt

Venture Round in 2008
Vizrt is a global leader in the development of content production tools tailored for the media and entertainment industry. The company specializes in real-time 3D graphics, studio automation, sports analysis, and media asset management. Its product offerings include interactive and virtual solutions, animations, maps, weather graphics, and tools for story and video editing, as well as multiplatform video on demand and live playout solutions. With a presence in over 100 countries, Vizrt serves a diverse clientele, including major media corporations such as CNN, BBC, and Sky Sports, along with prominent production houses and corporate entities like the London Stock Exchange. The company's success is supported by a dedicated team of nearly 600 employees across 40 global offices, providing comprehensive packages that encompass hardware, professional services, installations, and ongoing support.

Lagkagehuset

Venture Round in 2008
Lagkagehuset A/S is a Danish company operating since 1997, specializing in artisanal baked goods and café services. It offers a wide range of products including bread, cakes, pastries, sandwiches, and hot drinks, with locations across Denmark and the United Kingdom. The company provides both dine-in and takeaway options, including mobile ordering through its application. Lagkagehuset is known for its high-quality baked goods produced in-house, catering to breakfast and lunch crowds with a flexible store concept that ranges from large bakeries to smaller urban outlets.

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.

CTEK Group

Venture Round in 2008
CTEK Group, headquartered in Sweden, specializes in manufacturing and distributing high-quality battery chargers for diverse vehicles, focusing on the premium segment. They offer a range of 12V battery chargers alongside solutions for electric vehicle charging, positioning themselves as one of Sweden's leading suppliers in this sector.

Teres Medical Group

Venture Round in 2007
Teres Medical Group is a healthcare provider based in Norway that owns and operates hospitals and surgical clinics. The company specializes in a range of medical services including orthopaedic surgery, cosmetic surgery, ear, nose, and throat (ENT) procedures, neurosurgery, and general surgery. Additionally, Teres Medical Group offers plastic surgery, weight loss treatments, and cosmetic skincare services, catering to diverse patient needs in the healthcare sector.

Norlandia

Venture Round in 2007
Norlandia Care makes an important contribution to society by providing welfare services. Because there are no private actors in health care, many elderly people have had to move into nursing homes and care homes.

Actic Group

Acquisition in 2007
Actic Group is a leading health and fitness club operator with a significant presence in the Nordic region, including Sweden, Norway, Finland, Germany, and Austria. The company operates 173 gyms and 101 bathing facilities, offering a range of wellness services such as indoor and outdoor training, personal training, group training, swimming, and bathing. Additionally, Actic Group provides energy bars and drinks, training clothes, and other fitness products through online web shops.

Teres Medical Group

Acquisition in 2007
Teres Medical Group is a healthcare provider based in Norway that owns and operates hospitals and surgical clinics. The company specializes in a range of medical services including orthopaedic surgery, cosmetic surgery, ear, nose, and throat (ENT) procedures, neurosurgery, and general surgery. Additionally, Teres Medical Group offers plastic surgery, weight loss treatments, and cosmetic skincare services, catering to diverse patient needs in the healthcare sector.

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.

Aura Light International

Venture Round in 2006
Aura Light International specializes in designing and supplying sustainable lighting solutions aimed at professional customers, helping them reduce costs, energy consumption, and environmental impact. The company offers a range of industrial and commercial lighting products, including fluorescent lamps, luminaires, sensors, and various types of ballasts, all crafted to be economical and environmentally friendly. By focusing on quality and customer service, Aura Light ensures that clients receive knowledgeable support in their transition to more sustainable practices. As a cleantech manufacturer, the company is committed to innovation and the development of new technologies that contribute to a sustainable future. Through its products and services, Aura Light enables customers to minimize costs and carbon footprints, thereby fostering a positive change in energy consumption and compliance with green legislation.

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.

VIA Travel

Venture Round in 2005
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.

Kongsberg Automotive

Venture Round in 2001
Kongsberg Automotive ASA, established in 1957 and headquartered in Kongsberg, Norway, is a global supplier to the automotive industry. The company operates through three segments: Interior, Powertrain & Chassis Products, and Specialty Products. It develops, manufactures, and sells a wide range of products that enhance the driving experience, including comfort and safety features for vehicle interiors, powertrain systems, and driver control and fluid handling systems. Serving original equipment manufacturers (OEMs) and Tier 1 suppliers in the automotive, commercial vehicle, and off-highway markets, Kongsberg Automotive's products contribute to safer, more comfortable, and sustainable vehicles.

Jamo

Venture Round in 2001
Jamo is a leading audio systems developer based in Denmark, recognized as the largest producer of loudspeaker systems and home theatre solutions in Europe. The company specializes in designing and marketing a wide range of audio products, which include home cinema systems, personal audio devices, wall-mounted speakers, soundbars, amplifiers, and studio speakers. In addition to its product offerings, Jamo also provides installation services to ensure optimal performance of its audio solutions.

Jamo

Acquisition in 2001
Jamo is a leading audio systems developer based in Denmark, recognized as the largest producer of loudspeaker systems and home theatre solutions in Europe. The company specializes in designing and marketing a wide range of audio products, which include home cinema systems, personal audio devices, wall-mounted speakers, soundbars, amplifiers, and studio speakers. In addition to its product offerings, Jamo also provides installation services to ensure optimal performance of its audio solutions.
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