We partner with entrepreneurs and owners who want to grow. And even though our financial track-record stands out, the most important ingredient in our magic recipe is that it isn’t ’us and them’ – we do it together.
About us.
Procuritas is a Swedish Private Equity fund that focuses on Nordic companies in the mid-market segment. For 30-plus years we have been building close partnerships with entrepreneurs and founders, helping them grow their companies at a pace that often far surpasses their expectations.
We are very picky about who we partner with. And we think our potential partners should be picky, too. Choosing to let someone invest in one’s company is like choosing someone to help raise your baby. We get that. That is why we take great pride in getting to know each other and making sure that everyone involved is clear on the way forward, long before the final handshake. That is how we can help grow ideas.
What makes Procuritas a good partner for the companies we invest in may seem shockingly simple when written down: know the sectors we invest in, plan beforehand, build to grow, and execute with excellence. Together.
Funds
Procuritas has led, co-led, or advised more than 45 buyouts in the Nordic region with a combined consideration of more than SEK 12 billion.
| Fund | Name | Period | Size | Status |
|---|---|---|---|---|
| Fund VI | PCI VI | 2017 – present | 318 MEUR | Active |
| Fund V | PCI V | 2012 – present | 210 MEUR | Fully invested |
| Fund IV | PCI IV | 2008 – present | 139 MEUR | Fully invested |
| Fund III | PCI III | 2003 – 2013 | 227 MEUR | Realised |
| Fund II | PCP II | 1998 – 2007 | 963 MSEK | Realised |
| Fund I | PMIC | 1990 – 2004 | 240 MSEK | Realised |
History
We have been pioneers from the start. Founded in 1986 by the entrepreneur Mikael Ahlström, who invested his own money, we became the first PE firm in the Nordics. There have since been many such milestones: Procuritas conducted the first public-to-private MBOs in Sweden and Denmark, and managed the first public listing of a Nordic small-cap, private-equity, high-yield bond.
While age is just a number, we are proud of our long heritage. And the experience it has given us is more than the sum of our years. So far, we have supported more than 45 companies in accelerating their growth and realizing their true business potential. And we are still entrepreneurs at heart. We believe in being the best allies possible in the quest to build strong and sustainable businesses.
1986
Procuritas founded in Copenhagen by Mikael Ahlström
1988
First Swedish public-to-private MBO of Gunnebo AB. First Danish public-to-private MBO of Plastmontage A/S
1989
MBO of Swedish Match
1990
Procuritas’ first fund PMIC established with 254 MSEK in committed capital
1993
HQ relocated to Stockholm
1995
Hälsokostcentralen exit generates +1,000% IRR
1996
An INSEAD program for managers and board with focus on strategy and value creation is commenced
1998
The second fund, PCP II, established with 963 MSEK of committed capital
1999
Large public-to-private transaction of Bravida
2003
The third fund, PCI III, established with 227 MEUR of committed capital
2004
PMIC generates a gross IRR of 124% and 9.1 times money multiple
2008
DISA exit generates largest absolute gain of a Procuritas fund investment to date
2009
The fourth fund, PCI IV, established with 139 MEUR of committed capital
2011
Däckia exit (9x invested capital) awarded deal of the year in Sweden
2012
The fifth fund, PCI V, established with 210 MEUR of committed capital
2014
Mikael Ahlström elected into SVCA Hall of Fame. PCI’s first investment in a business with >90% sales online (Pierce)
2017
The sixth fund, PCI VI, established with 318 MEUR of committed capital
Governance
The investors in our funds include pension funds, insurance companies, banks, sovereign wealth funds, family offices and other long-term accredited investors. Their money is put to work by our Fund Manager, a Swedish limited liability company, that decides which companies Procuritas should partner with and invest in. The Fund Manager is registered with the Swedish SFSA, or Finansinspektionen in Swedish. All companies are held within a separate Swedish limited company, the Private Equity Fund.