News.
Procuritas exits its investment in Pierce Group AB (publ)
On Friday, November 29, 2024, Procuritas completed the sale of all its shares in Pierce Group AB (publ) to a limited number of investors including Siba Invest AB. Procuritas teamed up with the Pierce founders in 2014, attracted by its strong niche and leading market position in the Nordics, with great potential for expansion across...
01/11/24Netcontrol appoints Sami Kurunsaari as CEO
Netcontrol has appointed Sami Kurunsaari as CEO, succeeding Tommi Roine. This leadership change is expected to guide the company forward as it continues its focus on innovation and growth in network automation. Sami Kurunsaari will officially join the company on January 1st, 2025. Netcontrol, a Finnish specialist in network automation, provides innovative solutions for the...
09/10/24DSI Dantech acquires GEA’s North American freezing business
DSI Dantech has acquired GEA’s North American Freezing Business, constituting a significant milestone in becoming GEA’s North American partner for both new freezer sales and aftermarket services. GEA has chosen DSI Dantech as a partner based on its commitment to quality, technological excellence, and customer service. Following the acquisition of GEA’s IP for new machines...
23/08/24PropTech Energy expands within the Stockholm region through the acquisition of Alova
PropTech Energy are pleased to announce the acquisition of Alova, a rapidly growing player in technical service and maintenance for properties. This strategic acquisition strengthens PropTech Energy’s presence in the Stockholm region and enhances the group’s capacity to offer high-quality technical solutions to property owners. Alova has established itself as a leading player in the...
03/06/24Pierre Nyström joins PropTech Energy as Group CEO
PropTech Energy is a one-stop shop for indoor climate, energy efficiency and other property services, consisting of Ömangruppen, Axcell Fastighetspartner and P2 Energi. The company is currently on a growth journey both organically and through strategic M&A-activities in the Nordics. Today, we are pleased to announce that Pierre Nyström joins PropTech Energy as Group CEO....
28/05/24Our SBTi targets approved
Procuritas is proud to announce that our science-based targets have been officially approved. These targets are set in accordance with the SBTi sector-specific standard for financial institutions, underscoring Procuritas’ commitment to sustainability and climate responsibility. The approved targets mandate that all Procuritas portfolio companies must establish and have their own science-based targets verified by the...
16/05/24Procuritas releases its third sustainability report with commitment to SBTi
New for this year is Procuritas commitment to Science Based Targets initiative and our new ESG strategy. Procuritas is a stakeholder with the power to make a difference through the companies we invest in. We want to invest in and build businesses that already have or have the potential to build a solid sustainability strategy....
13/05/24Procuritas partners with Energima to expand energy efficiency initiative
Procuritas Capital Investors VII (Procuritas) acquires a majority share of Energima Gruppen AS (Energima), a leading Norwegian player within indoor climate and energy efficiency with revenues of c. 1.8 billion NOK. Real estate accounts for 40% of the total energy consumption in the Nordic region, and Energima is a key partner for enabling the climate...
06/05/24PropTech Energy grows with P2 Energi
PropTech Energy strengthens its focus on energy efficiency by acquiring P2 Energi and its subsidiary P2 Projektpartner, prominent providers of consulting services in heating, ventilation, and cooling technology. PropTech Energy is a one-stop shop for indoor climate, energy efficiency and other property services. The company was acquired by Procuritas in the summer of 2023. Today,...
09/04/24Polarn O. Pyret appoints Sara Sjöberg as new CEO
Procuritas Capital Investors VI (“Procuritas”), the Swedish private equity firm dedicated to growing Nordic mid-market enterprises, is delighted to announce the appointment of Sara Sjöberg as the forthcoming Chief Executive Officer for its portfolio company, Polarn O. Pyret, the iconic Swedish childrenswear brand. Sara Sjöberg steps into this role with a wealth of experience from...
08/04/24Humana to acquire Team Olivia’s Norwegian operation
Team Olivia, a leading care service provider in the Nordics has entered into an agreement to sell its Norwegian operations, Team Olivia Norge AS, to Human Care Holding AS (“Humana”). The Transaction is subject to approval by the Norwegian competition authority and is expected to be completed during the second quarter of 2024. Team Olivia,...
28/02/24Procuritas partners up with Precision BioLogic
Procuritas Capital Investors VII (Procuritas) acquires Precision BioLogic (PBI) and subsidiary (Affinity Biologicals), fast-growing niche leaders in hemostasis diagnostics and research. PBI has in recent years launched a number of successful diagnostics products and is active in a growing market, supported by long-term trends such as ageing population, emerging new therapies, and increased access to...
15/01/24Team Olivia signs agreement to divest part of Swedish operations to Attendo
Team Olivia, a leading care service provider in the Nordics has entered into an agreement to sell parts of its Swedish operations to Attendo AB (“Attendo”), a Nordic leader in care services. The transaction includes all operations within individual & family care in Sweden while personal assistance remains with the company. Team Olivia, a portfolio...
12/01/24Werksta appoints Joel Granath as new CEO
Joel Granath will join Werksta Group as new CEO on February 1, 2024. Currently Joel Granath works at Scania, where he has been SVP for Scania Power Solutions since 2015. He succeeds Catherine Sahlgren. Werksta Group is the Nordics’ leading car damage repair shop chain with 100 workshops in Sweden, Finland and Norway. The group...
16/11/23Søren S. Overgaard joins DSI Dantech as Group CEO
Søren S. Overgaard joins DSI Dantech, one of the leading global suppliers of freezing, cooling and heating technology to the food processing industry, as the group’s new CEO. Søren was previously the CEO at A/S Cimbria, Vice President at AGCO, and latest CEO at Skiold. He holds a degree in engineering and a Master of...
03/11/23Danish court fully dismisses all claims against Procuritas in Gram case
All entities and persons related to Procuritas have been completely acquitted on all accounts in a ruling in the Gram Equipment A/S (Gram) case, issued by the Copenhagen Maritime and Commercial High Court, Denmark earlier today. Today’s ruling shows that Procuritas Partners AB are not liable for damages to Kg BidCo ApS, and also, the...
21/09/23Leif Gustafsson joins the PropTech Group with the aim of building a market leader within energy efficiency and property services
Leif Gustafsson joins PropTech as chairman of the board – with ambitions for the group to grow in the Nordics. PropTech is a one-stop shop for indoor climate, energy efficiency and other property services, and was acquired by Procuritas in the summer of 2023. PropTech Group aims to grow its business organically and through strategic...
20/09/23Procuritas commits to set Science Based Targets
Procuritas wants to be part of the solution to one of the world’s most pressing sustainability challenges. Therefore, we have decided to set Science-Based Targets (SBTs) to reduce our green-house gas emissions in line with the Paris Agreement goals. After submitting our commitment to the Science Based Target Initiative (SBTi) we will now start developing...
11/09/23Frendy among Finland’s top 100 ICT Companies
Frendy, the innovative Finnish IT services platform backed by Procuritas Capital Investors VI, reached an important milestone: reaching top 100 on the prestigious Tivi list of the largest ICT companies in Finland. This recognition is a testament to Frendy’s rapid growth and unwavering commitment to delivering excellence in the IT services sector. Tivi, a leading...
05/09/23Nature Planet grows with US-based Cool Jewels
Nature Planet, a leading producer of soft toys and gift products for the global attractions industry and a partner to Procuritas since 2019, finalizes its third acquisition in the US with the purchase of Phillips International and their brand Cool Jewels. Phillips International is a leading sustainability-focused provider of jewelry for the attractions industry. Nature...
30/08/23Winners of Procuritas’ Sustainability Award 2023
Team Olivia, SEM, and Polarn O. Pyret won the Procuritas’ Sustainability Award 2023. The winners were announced during a half-day event at Villa Källhagen in Stockholm where Albright held an inspirational talk about Diversity, Equity, and Inclusion and our companies got the chance to meet and learn more about all the great sustainability initiatives being...
22/05/23Procuritas presents its Sustainability Report for 2022
In the last few years, Procuritas has actively increased its ESG-focus. Today, we present our 2022 Sustainability Report, new for this year is the mapping of total greenhouse gas emissions from all our portfolio companies. As an owner, the best way we can make a difference is through the companies in our funds. Our purpose...
12/05/23New partnership between Procuritas and Proptech Sweden with subsidiaries Ömangruppen and Axcell Fastighetspartner
Procuritas Capital Investors VII (Procuritas) acquires Proptech Sweden AB with the subsidiaries Ömangruppen Svenska AB and Axcell Fastighetspartner AB, two leading companies in indoor climate, energy efficiency and property management. Today, real estate accounts for 40% of Sweden’s total energy consumption and upcoming EU regulations with requirements for reduced emissions make Proptech Sweden a key...
11/04/23Procuritas completes successful fundraising of Procuritas Capital Investors VII (“PCI VII”), raising over €400 million
Procuritas, a private equity firm with the longest track record in Sweden, has raised its largest fund to-date, with €407 million in capital. PCI VII will continue Procuritas’ successful investment strategy of partnering with small to mid-sized companies in the Nordic region with significant opportunity for growth. The fund will focus on investing in service...
23/02/23Fredrik Gunmalm joins Medtanken Group as CEO
Medtanken Group (Medtanken) is a primary care provider in the regions of Västra Götaland and Skåne in the west and south of Sweden. With over 140.000 listed patients Medtanken is one of the leading companies in its field. We are now happy to announce that Fredrik Gunmalm will join Medtanken as new CEO of the...
06/12/22Strandberg Guitars appoints Mikaela Jansson as new CEO
Founder Ola Strandberg continues as Chief Creative Officer Strandberg Guitars is the worldwide market leader in headless guitars, under the .strandberg* brand. Today, Strandberg Guitars announced that Mikaela Jansson has been appointed CEO of the company. Former CEO and Founder Ola Strandberg will, as planned, take on the role as Chief Creative Officer and continue...
07/07/22Procuritas’s Medtanken platform partners with regional leader HMC and expands to Region Skåne
Procuritas Capital Investors VI (“Procuritas”), the mid-market Nordic private equity investor, announces that its portfolio company Medtanken, a leading primary care group in Western Sweden, has entered into Region Skåne through the partnership with Hälsomedicinskt center i Sverige AB (“HMC”), a fast-growing primary care provider in the region. With its passion for building strong sustainable...
07/06/22Procuritas partners with We Select
Procuritas Capital Investors (“Procuritas”) is pleased to announce that it has acquired a majority stake in We Select, a fast-growing digital talent acquisition platform on social media. Key management will retain significant ownership of the company after the transaction. We Select was founded in 2011 as a traditional recruitment services company. After launching its digital...
28/04/22Procuritas partners with Nordic Biomarker
Procuritas Capital Investors (“Procuritas”) is pleased to announce that it has taken a majority stake in Nordic Biomarker, a fast-growing Swedish supplier of advanced reagents for IVD coagulation analyzers with a clear sustainability-driven purpose. Nordic Biomarker was founded in 2007 to meet market demand for an independent OEM-supplier of high-quality reagents for coagulation analyzers. The...
13/04/22Werksta embarks on a new stage of its growth journey with investment from Procuritas, LGT Capital Partners and Puskala Invest
Procuritas Capital Investors, LGT Capital Partners and Puskala Invest have agreed to acquire Werksta Nordic AB, the leading independent car damage repair chain in the Nordics, in a transaction where the majority selling party is Procuritas Capital Investors V fund. Key management will reinvest and retain significant ownership of the company after the transaction. Werksta...
14/02/22Procuritas announces team expansion and promotion following record year for deal activity
Procuritas Capital Investors, the mid-market Nordic private equity investor, is pleased to announce a number of new hires and a promotion following a year of record deal activity in 2021. Jermu Kuismin has been hired as Associate. Jermu holds a M.Sc. in Finance and Accounting from Imperial College and joined Procuritas from Danske Bank. Annie...
01/12/21Procuritas sells Ouriginal following rapid growth
Procuritas Capital Investors VI (“Procuritas”), the private equity investor focused on investing in and growing Nordic mid-market companies, today announced that it has sold Ouriginal Group AB (“Ouriginal”) to Turnitin, LLC (“Turnitin”), a global leader in academic integrity and education software. Ouriginal, previously named Urkund, is a market leader in the Nordics and the DACH...
28/10/21Procuritas invests in Strandberg Guitars
Strandberg Guitars is the global market leader in headless guitars under the .strandberg* brand. In close partnership with the founder, Mr Ola Strandberg, Procuritas will support the continued scale-up of the Company through a number of well-identified growth initiatives to further strengthen .strandberg*’s position as the preferred choice of modern guitarists across the globe.
21/10/21Werksta completes three add-on acquisitions
Procuritas is pleased to announce that its portfolio company Werksta, the leading car damage repair chain in the Nordics, has completed three add-on acquisitions, adding Alppilan Autohuolto Oy in Finland, Skadeverkstad Uppsala Östra AB in Sweden and Follo Bilskade AS in Norway into the group. Werksta was formed in 2015 through Procuritas’ investment in two...
04/10/21Procuritas’ Polarn O. Pyret appoints new Chairperson
Arja joins with extensive experience from her long career in international retail with companies such as IKEA and Kingfisher. She currently serves on the Boards of Dunelm plc, Nobia Group, and Handelsbanken Group and is Chairman of the Board of Svenska Handelsfastigheter. As well as working in various roles at IKEA and Kingfisher, she was...
20/09/21Procuritas announces team promotions following period of intense deal activity
Procuritas Capital Investors, the mid-market Nordic private equity investor, is pleased to announce a number of promotions following one of the most active periods of deal activity in the firm’s history. Jussi Holopainen has been promoted to Director following fantastic work coordinating the formation of IT services platform Frendy through the acquisition of twelve businesses...
01/09/21Procuritas’s Frendy completes first add-on acquisition
Procuritas is pleased to announce that its portfolio company Frendy, the Finnish IT services platform, has made its first add-on acquisition, three months after the company’s creation through the acquisition of twelve businesses. The acquisition of Wisdomic brings Frendy’s combined turnover to around €50 million with 220 employees. Wisdomic is a Finnish IT services company...
24/08/21Procuritas sells Dantherm following the Groups successful transformational growth
Procuritas Capital Investors V (“Procuritas”), the private equity investor focused on investing in and growing Nordic mid-market companies, today announced that it has sold Dantherm Group (“Dantherm”), the leading provider of climate control products and solutions, to German private equity fund, DBAG Fund VIII, advised by Deutsche Beteiligungs AG. Headquartered in Denmark, Dantherm has more...
16/08/21Procuritas’ Medtanken platform appoints new Chairperson to drive transformational growth
16 August 2021 – Procuritas Capital Investors VI (“Procuritas”), the private equity investor focused on investing in and growing Nordic mid-market companies, today announces that it has appointed Lena Hofsberger as the new Chairperson of its portfolio company Medtanken, a leading primary care group in Western Sweden. Lena has extensive experience in the healthcare industry...
17/06/21Nordic report Q&A: Procuritas by Sam Birchall, Real Deals
Procuritas Co-Managing Partners JohanConradsson and Mattias Feiff talk to Real-Deals about investing in the Nordics, the importance of strong relationships with management teams, their recent exit of SOFACOMPANY and successful IPO of PierceGroup. Procuritas recently made a 6x return on the sale of SOFACOMPANY. what led to the successful hold and exit? Mattias Feiff: We acquired...
16/06/21Procuritas creates new IT services platform in Finland
Procuritas Capital Investors VI (“Procuritas”) today announces the launch of Frendy, a new IT services platform based in Finland. The new company has been created through the acquisition of twelve IT services businesses across the country. After the transaction, Procuritas will become the majority shareholder, with the current entrepreneurial teams continuing in the day-to-day management...
01/06/21Procuritas portfolio company DSI strengthens its position with two substantial add-on acquisitions
Procuritas Capital Investors VI (“Procuritas”) portfolio company DSI Freezing Solutions A/S (“DSI”), the Denmark-based market leader in plate freezing technology, has acquired Cryogenic Equipment and Services NV (“CES”) and signed a contract to acquire Dantech Freezing Systems A/S (“Dantech”). These acquisitions transform DSI into a new global player with the industry’s widest product range within...
27/05/21Procuritas’s recently-merged Medtanken platform adds specialist care clinic Citysjukhuset in further expansion
Procuritas Capital Investors VI (“Procuritas”), the private equity investor focused on investing in and growing Nordic mid-market companies, today announces that its portfolio company Medtanken, a leading primary care group in Western Sweden, has successfully made its first step into the specialist care sector by acquiring Citysjukhuset, a strong player within the Västra Götaland Region....
25/05/21Carl Settergren joins Procuritas as Partner
Procuritas is pleased to announce that Carl Settergren has joined the firm as partner. Carl brings extensive experience and a successful track record from international private equity and investment banking to the team, and he will contribute greatly to Procuritas’s ability to source and execute the large number of deal opportunities present in the Nordic...
21/05/21Procuritas sells SOFACOMPANY to Lars Larsen Group
Procuritas Capital Investors VI (“Procuritas”) has sold SOFACOMPANY, the iconic Danish sofa brand, to the Danish Lars Larsen Group. Founded in 2012, SOFACOMPANY was bought by Procuritas from the founders Cathrine and Christian Rudolph in 2017. Utilising its decades of value creation experience, Procuritas has worked closely with management to transform and grow the company...
21/05/21Oskar Lindholm-Wu, Partner at Procuritas, named Rising Star of European Private Equity
Oskar Lindholm-Wu, a Partner at Procuritas, was named one of the “Rising Stars of Private Equity in Europe” by Private Equity News. Oskar’s central role in making decisions as one of six partners on Procuritas’s investment committee was recognised by Private Equity News, as were the many investments that he has led. Over the past...
01/04/21Procuritas’s recently-merged Medtanken platform makes bolt-on growth acquisition
Procuritas Capital Investors VI (“Procuritas”), the private equity investor focused on investing in and growing Nordic mid-market companies, today announces that its portfolio company Medtanken, a leading primary care group in Western Sweden, has successfully executed a bolt-on acquisition of Kvarterskliniken to further expand the group. This acquisition comes soon after Procuritas invested in and...
26/03/21Procuritas announces successful Pierce Initial Public Offering on Nasdaq Stockholm
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE “IMPORTANT INFORMATION” AT...
11/03/21Procuritas invests in Polarn O. Pyret to push sustainability in the clothing industry
Procuritas Capital Investors VI (“Procuritas”) has acquired Polarn O. Pyret AB, the iconic Swedish children’s clothing brand, for a SEK 330 million (€33 million) on a cash and debt-free basis. Procuritas will support the company’s growth and push the boundaries for sustainability in the clothing industry. Polarn O. Pyret is a true Swedish icon that...
15/12/20Procuritas partners up with Medpro and Omtanken
Procuritas Capital Investors VI (“Procuritas”) partners up with Medpro and Omtanken, to build a new player with a strong local footprint in the Swedish primary care market. Two entrepreneur-owned primary care providers, Omtanken and Medpro, are merging to form a dynamic healthcare player. Medpro and Omtanken share a vision of delivering and enhancing the quality...
09/12/20Procuritas exits Fidelix to Assemblin
Procuritas Capital Investors V (”PCI V”) has entered into an agreement to divest its holdings in Fidelix Holding Oy (“Fidelix”) to Assemblin Financing AB (“Assemblin”). Fidelix, founded in 2002, is one of the leading players in the Nordics within climate smart building automation and management systems. With the mission to create smart buildings for a...
18/08/20Procuritas has agreed to sell TSN
Procuritas Capital Investors VI (“PCI VI”) has signed an agreement to divest its Nordic modular space business TS Nordics Holding AB (“TSN”) to Algeco Holdings BV (“Algeco”). Headquartered in Bro, Sweden, Temporary Space Nordics is a leading provider of high-quality temporary space solutions for public and private customers across the Nordic region, with a local presence in Sweden, Denmark,...
29/07/20Procuritas to partner with Låssenteret
Procuritas Capital Investors VI (“Procuritas”) teams up with Låssenteret AS, the leading independent locksmith in Norway, to support the company’s ambitious growth strategy. Since 2017, Låssenteret has grown to be the leading independent locksmith in Norway with 26 branches nationwide and ca. 300 highly skilled employees. The company was recently strengthened from taking over the...
15/07/20Procuritas strengthens team with new hires and promotion
Procuritas, a mid-market Nordic private equity investor, is pleased to announce that Kathrine Granberg has joined the firm as Chief Financial Officer and the strengthening of its investment team with the appointment of Cecilia Waldehorn. Kathrine joined Procuritas at the start of the year to oversee the financial operations of the firm, reporting to the...
23/06/20No wrongdoings on the part of Procuritas in Gram arbitration case
Today an arbitration award was delivered concerning the sale of the former Procuritas portfolio company Gram Equipment A/S to FSN Capital Fund V. A unanimous Arbitral Tribunal dismissed allegations that Procuritas acted fraudulently. The Arbitral Tribunal, comprising Professor Torsten Iversen, Former President of the Danish Supreme Court Torben Melchior and Professor Mads Bryde Andersen, dismissed...
21/02/20Bjørn Maarud new Chairman of Cutters
Outgoing CEO Bjørn Maarud of Bertel O. Steen has been elected as new Chairman of the Board of the Cutters hairdressing chain. – The company has never been better equipped for growth, says Cutters founder Kristian Solheim. After more than seven years at the helm of Bertel O. Steen, the multi-billion automotive, property and investment...
15/01/20Procuritas announces appointment of new co-managing partners
Procuritas, a mid-market Nordic private equity investor, is pleased to announce the appointment of Mattias Feiff and Johan Conradsson as co-Managing Partners to lead the firm. Procuritas is renowned for building up niche market-leading companies through transformative growth in service industry consolidations, digital consumer businesses, software and select industrial sectors. The firm is the longest-established private...
12/12/19Procuritas Capital Investors V divests its leading Norwegian accounting software business Duett
Procuritas Capital Investors V divests its leading Norwegian accounting software business Duett to US based private equity firm Accel-KKR. “Procuritas has been a great sparring partner for us over the last four years. We have always felt that it’s been a true partnership and with their support the Duett team has managed to develop the...
11/12/19Fidelix invests in Lansen Systems AB to strengthen smart sensors offering
Fidelix Holding Oy has on 10th of December acquired 40% of the shares of Lansen Systems AB, the leader in developing smart metering solutions technology. Lansen Systems AB is a Swedish hardware provider focused on submetering and wireless solutions. Lansen Systems AB has been developing and manufacturing sensor systems for more than 10 years and...
04/11/19