Ariterm
Fund III
Business: Boilers and burners (biofuel).
Bought from: Institutional investor.
Holding period: 2004-2011.
Sold to: Management, Thermia Värme AB sold to Danfoss August 2005.
Aura
Fund I
Business: Light source products.
Bought from: KF.
Holding period: 1991-1996.
Sold to: DuroLite.
Axenti
Fund II
Business: Seven niche manufacturing companies: O Malmkvist, Mikroponent, Pelly, Orwak, Isaksson Gruppen, and Tidbecks.
Bought from: Finnveden.
Holding period: 1999-2006.
Sold to: Several.
Bravida
Fund II
Business: Installation of telecom, data, electricity, plumbing, sewage & ventilation.
Bought from: Public-to-private.
Holding period: 1999-2006.
Sold to: Triton advised funds.
Byens Bilpleje
Fund VI
Business: Cosmetic car repairs
Bought from: Private
Holding period: 2018-2022
Sold to: Management
Chromogenix
Fund I
Business: Blood diagnostics.
Bought from: Pharmacia.
Holding period: 1991-1996.
Sold to: Instrumentation Laboratory.
Cutters
Hair salon concept
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Däckia
Fund I
Business: Tire services.
Bought from: NCC.
Holding period: 1993-2004.
Sold to: Goodyear.
Däckia
Fund IV
Business: Tire services.
Bought from: Goodyear Corporation.
Holding period: 2019-2012.
Sold to: Pirelli.
Dantherm Group
Fund V
Business: Climate control
Bought from: Dantherm A/S
Holding period: 2016-2021
Sold to: DBAG Fund VIII
Disa
Fund III
Business: Foundry and shot blast.
Bought from: A P Møller.
Holding period: 2005-2008.
Sold to: Mid Europe Partners.
DSI Dantech
Food processing technology
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Duett
Fund V
Business: Accounting software.
Bought from: Via Venture Partners & Management.
Holding period: 2015-2019.
Sold to: Accel-KKR.
Energima
Indoor climate and energy efficiency
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Expan
Fund III
Business: Concrete Elements.
Bought from: H+H International and Euroc Beton.
Holding period: 2004-2007.
Sold to: CRH Denmark A/S.
Farma Holding A/S
Fund IV
Business: A leading Norwegian supplier of pharmaceutical products and services to pharmacy chains, hospitals and the pharmaceutical industry.
Bought from: Private.
Holding period: 2011-2020.
Sold to: The management and PK Partners.
Fidelix
Fund V
Business: A provider of building management systems and related building automation products.
Bought from: Private.
Holding period: 2014-2021.
Sold to: Assemblin AB.
Frendy
IT services
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Global Scanning A/S
Fund V
Business: Large format scanning technology.
Bought from: Ratos.
Holding period: 2013-2021.
Sold to: Riddargatan SPV S AB.
Gram Equipment
Fund IV
Business: Advanced ice cream machines with superior quality.
Bought from : Catelli (Gram) & Anderson Group (WCB).
Holding period: 2010-2018.
Sold to: FSN.
HKC
Fund I
Business: Health food wholesaler.
Bought from: Receivership.
Holding period: 1993-1995.
Sold to: IPO (merged with LIC Care).
ISAB 2
Fund II
Business: Divestment of BPA’s (Bravida’s) non-core assets.
Bought from: Bravida.
Holding period: 2000-2001.
Sold to: Partial exits made with industrial buyers and Danterm.
KGH Customs Services
Fund III
Business: Custom declaration services.
Bought from: Private.
Holding period: 2007-2013.
Sold to: Bridgepoint Development Capital.
King Oscar
Fund IV
Business: Canned fish.
Bought from: Rieber & Son ASA.
Holding period: 2010-2014.
Sold to: Thai Union Norway.
Låssenteret
Independent locksmith
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Lekolar
Fund III
Business: Educational supplies.
Bought from: Brio AB.
Holding period: 2004-2007.
Sold to: 3i.
LIC Care
Fund I
Business: Medical products.
Bought from: Axel Johnson.
Holding period: 1993-1995.
Sold to: IPO.
Medtanken Group
Primary care
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Nature Planet
Toys and accessories
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Netcontrol
Network automation
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Nordic Biomarker
Coagulation diagnostics
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Nordiska Vägrestauranger
Fund I
Business: Road side restaurants.
Bought from: Scandic Hotels.
Holding period: 1995-1998.
Sold to: Carestel.
North Trade
Fund III
Business: Meat products.
Bought from: Private.
Holding period: 2006-2012.
Sold to: Management, a private investor.
NSG Logistics
Fund II
Business: Transportation.
Bought from: BTL.
Holding period: 1997-2006.
Sold to: SGS sold to Danzas 2001, Scanvan sold to Sirva 2003, Skandia Transport sold to Nurminen 2006.
Optimail
Fund II
Business: Cross-border mail management.
Bought from: Private.
Holding period: 1997-1998.
Sold to: IPO (full exit).
Oral Care
Fund IV
Business: Mobile dental care.
Bought from: Private.
Holding period: 2010-2017.
Sold to: Accent.
Osby Glas
Fund IV
Business: Secondary glass processing.
Bought from: Private.
Holding period: 2012-2015.
Sold to: Beijerinvest.
Ouriginal
Fund VI
Business: Plagiarism prevention
Bought from: Private Investors/Founders
Holding period: 2018-2021
Sold to: Turnitin
Perimeter Protection Group
Fund IV
Business: Security solutions.
Bought from: Gunnebo.
Holding period: 2011-2015.
Sold to: SSI.
Pierce
Motorcycle e-commerce
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Polarn O. Pyret
Children's wear
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Precision BioLogic
Specialty reagents for coagulation diagnostics
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PropTech
Property services
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Sandå
Fund II
Business: Painting, flooring & window installation.
Bought from: Receivership.
Holding period: 1998-2007.
Sold to: Procurator AB.
SEM
Electronic ignition systems
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Sofacompany
Fund V
Business: Sale of affordable upholstered furniture with high design content.
Bought from: Private.
Holding period: 2017-2021.
Sold to: Larsen Larsen Group.
Sonans
Fund IV
Business: Post-secondary school education in Norway.
Bought from: Arendal Fossekompani.
Holding period: 2011-2017.
Sold to: EMK Capital.
Strandberg
Headless electric guitars
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Team Olivia
Personal assistance
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Temporary Space Nordics
Fund VI
Business: High-quality module building solutions for temporary use.
Bought from: Ramirent Plc.
Holding period: 2018-2020.
Sold to: Algeco Holdings BV.
Ticket Travel Group
Fund I
Business: Travel agency.
Bought from: Private.
Holding period: 1993-1997.
Sold to: IPO.
Waterjet Entreprenad
Fund IV
Business: Concrete services.
Bought from: Private.
Holding period: 2010-2014.
Sold to: Liquidated.
We Select
Digital talent acquisition
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Werksta
Car collision repairs
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Wermland Paper
Fund III
Business: Sack paper and technical paper.
Bought from: Private.
Holding Period: 2003-2007.
Sold to: Nordic Paper AS.
Zone
Fund III
Business: Interior products.
Bought from: Private.
Holding period: 2006-2009.
Sold to: Nordea, liquidated.
