Novax

Novax AB is the private equity and venture capital arm of Axel Johnson AB, established in 1999 and headquartered in Stockholm, Sweden. The firm focuses on mezzanine, middle market, late venture, emerging growth, and growth capital investments, primarily in small and medium-sized companies within the Nordic region. Novax targets consumer-oriented sectors, including retail, services, health and wellness, security, and entertainment. The firm typically invests between SEK 100 million and SEK 300 million in companies with enterprise values ranging from SEK 100 million to SEK 1 billion, revenues between SEK 75 million and SEK 1 billion, and EBITDA of up to SEK 250 million. Novax is known for its commitment to long-term, profitable business development and invests through its personal capital and balance sheet.