1. Home >
  2. Investors >
  3. Private Equity Firm >
  4. Sweden >
  5. FSN Capital

FSN Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, FSN Capital has acquired 7 companies. It has also invested in 2 others.

FSN Capital’s most common sectors for investment areinformation technology (10%) and software (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (54%) and secondary buyout (25%). In total, FSN Capital has invested in 7 different countries.

In the last 3 years, FSN Capital has exited 2 companies. The Firm’s most common exit type is trade sale (40%). FSN Capital’s largest (disclosed) exit occurred in 2012 when it sold Actic Group AB for $902M.

Join Mergr to view FSN Capital’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity85
    • M&A Buy Activity60
    • M&A Sell Activity25
  • Total Sectors Invested 26
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 17
  • M&A Advisors 33

FSN Capital

FSN Capital Partners AB

Birger Jarlsgatan 15,
Stockholm, 111 45
Sweden
+46 85 450 39 30
www.fsncapital.com
mw@fsncapital.com

FSN Capital is a private equity firm focused on opportunities in Scandinavia. FSN looks to make control investments in mid-sized companies valued from €50 to €500 million. FSN targets businesses with the potential to 'become international leaders'. FSN Capital was formed in 1999 and has offices in Oslo, Munich, and Stockholm.


Investment Criteria

Sectors of Interest: Building Materials, Business Services, Consumer Products, Distribution, E-Commerce, Electronics, Information Technology, Internet Software and Services, Life Science, Machinery, Manufacturing, Plastics, Renewable Energy, Safety/Security, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: Nordic

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 50 500
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (2.6/yr) # 47 4 5 3 - 1 60
Sell (0.6/yr) # 22 1 1 1 - - 25
vol $1.6B $1.6B
  85

Most Recent M&A

Company Date Value Type
UHL Gruppe 2025-05-13 - Growth Capital
Wiener Neustadt, Austria · www.uhl.at
Solcellespesialisten AS 2023-06-13 - Buyout (LBO, MBO, MBI)
Rolvsoy, Norway · ​​www.solcellespesialisten.no
Skamol Group 2023-03-23 - Trade Sale
Viby, Denmark · www.skamol.com
InstallatørGruppen 2023-02-01 - Buyout (LBO, MBO, MBI)
Roskilde, Denmark · www.installatørgruppen.dk​
Lobster DATA GmbH 2023-01-05 - Buyout (LBO, MBO, MBI)
Tutzing, Germany · www.lobster-world.com
ilionx 2022-12-01 - Secondary Buyout
Utrecht, Netherlands · www.ilionx.com
Morenot Offshore AS 2022-11-17 - Merger
Ålesund, Norway · www.morenot.com
Backer Gortz GmbH 2022-09-15 - Growth Capital
Ludwigshafen, Germany · www.baeckergoertz.de
Firesafe AS 2022-05-27 - Buyout (LBO, MBO, MBI)
Lorenskog, Norway · www.firesafe.no
Epista Life Science 2022-05-25 - Buyout (LBO, MBO, MBI)
Horsholm, Denmark · www.epista.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
ilionx 2022-12-01 Inergy Analytical Solutions BV 2023-06-15 1
Utrecht, Netherlands · www.ilionx.com Woerden, Netherlands · www.inergy.nl

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 5 (17%) - 6 (10%) -
Software 3 (10%) - 5 (8%) -
Distribution 1 (3%) - 4 (7%) -
Retail - - 4 (7%) -
Business Services 2 (7%) - 3 (5%) -
Consumer Services - - 3 (5%) -
E-Commerce 3 (10%) - 3 (5%) -
Electrical Equipment - - 3 (5%) -
Healthcare Services - - 3 (5%) -
Renewable Energy 3 (10%) - 3 (5%) -
Safety/Security 3 (10%) - 3 (5%) -
Building Materials 1 (3%) - 2 (3%) -
Electronics 1 (3%) - 2 (3%) -
Machinery 1 (3%) - 2 (3%) -
Manufacturing - - 2 (3%) -
Restaurants 1 (3%) - 2 (3%) -
Automotive - - 1 (2%) -
Construction - - 1 (2%) -
Consumer Products 1 (3%) - 1 (2%) -
Education - - 1 (2%) -
Engineering 1 (3%) - 1 (2%) -
Internet Software and Services - - 1 (2%) -
Life Science 1 (3%) - 1 (2%) -
Plastics 1 (3%) - 1 (2%) -
Technology Hardware 1 (3%) - 1 (2%) -
Transportation - - 1 (2%) -
Total 29 - 60 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
Sweden 7 (24%) - 21 (35%) -
Norway 6 (21%) - 14 (23%) -
Denmark 6 (21%) - 13 (22%) -
Germany 7 (24%) - 7 (12%) -
Netherlands 2 (7%) - 3 (5%) -
Austria 1 (3%) - 1 (2%) -
United Kingdom - - 1 (2%) -
Domestic 6 (21%) - 14 (23%) -
Cross-border 23 (79%) - 46 (77%) -
Total 29 - 60 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 12 (41%) - 32 (53%) -
Secondary Buyout 8 (28%) - 15 (25%) -
Divestiture 3 (10%) - 4 (7%) -
Stake Purchase 2 (7%) - 4 (7%) -
Growth Capital 2 (7%) - 3 (5%) -
Consolidation 2 (7%) - 2 (3%) -
Total 29 - 60 -

Exits by Deal Type

Type Total # Value
Secondary Sale 9 (36%) 1.2B (78%)
Trade Sale 8 (32%) 133M (9%)
IPO 4 (16%) -
Trade Sale - Public Company 2 (8%) 214M (14%)
Merger 1 (4%) -
Stake Sale 1 (4%) -
Total 25 $1.6B

Top M&A Advisors

Financial Deals
Alantra
5
Deloitte
 5
PwC Corporate Finance
 5
Legal Deals
White & Case
 5
PwC Law
 4
Advokatfirmaet Schjødt
 3

Deal Values

sell # Total
$100M to $1B 4 $1.5B
< $100M 1 $77M
TOTAL $1.6B
Largest Actic Group AB
$902M (2012-07-25)

M&A Connections

Deals
Acquired from
Investor(s)
25%
15 (25%)
Strategic(s)
8%
5 (8%)
Exited to
Investor(s)
40%
10 (40%)
Strategic(s)
44%
11 (44%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

4.0B EUR

Established

1999

Specialist/Generalist

Generalist

Leadership

Frode Strand-Nielsen

Founder & Chairperson

Robin Mürer

Co-Managing Partner

Ulrik Smith

Co-Managing Partner

Åse Ullmann

Head of Administration

Kim Krog

Head of Controlling and Valuation

FAQ

When was FSN Capital founded?

FSN Capital was founded in 1999.

What type of investor is FSN Capital?

FSN Capital is a private equity firm.

Where is FSN Capital headquartered?

FSN Capital is headquartered in Stockholm, Sweden.

How much capital does FSN Capital have under management?

FSN Capital has 4.0B EUR under management.

 Subscribe to unlock this and 214,417
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 208K M&A Transactions
  • 210K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Solution for

Product

Company

Legal