Nordstjernan Invests in engcon (5% Stake) Ahead of Nasdaq Stockholm Listing
June 8, 2022
Nordstjernan has committed approximately SEK 350 million to acquire a 5% stake in engcon in connection with engcon's listing on Nasdaq Stockholm. engcon is the world's leading manufacturer of tiltrotators, reporting revenues of SEK 1,571 million and an adjusted operating margin of 22.3% for the 12 months ended March 31, 2022; the investment is a long-term, strategic minority participation to support the company's listing and growth.
- Buyers
- Nordstjernan AB
- Targets
- engcon
- Industry
- Manufacturing
- Location
- Jämtland County, Sweden
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Nordstjernan Invests in Insurtech Insurello
July 9, 2021
Insurance
Nordstjernan, via its Nordstjernan Growth initiative, has made a growth investment in Stockholm-based insurtech Insurello and will become a partner to the founders and existing shareholders. Insurello, founded in 2016, offers a scalable, automated claims-management platform that helps individuals identify policies and secure fair compensation; Nordstjernan cited potential to expand the service into additional geographies and verticals.
-
Volvo Construction Equipment Acquires Swecon (Including Entrack) for SEK 7 Billion
February 1, 2026
Industrial Services
Volvo Construction Equipment has completed the acquisition of Swecon (including Entrack) for an enterprise value of SEK 7 billion after receiving European Commission approval. The deal brings Swecon’s retail, rental, aftermarket and service operations across Sweden, Germany and the Baltics — and roughly 1,400 employees — into Volvo CE to strengthen its retail and service capabilities in key Northern European markets.
-
Nordstjernan Sells Nordstjernan Growth AB to Buyers Led by Caspar Callerström and Thomas von Koch
March 13, 2025
Financial Services
Nordstjernan has sold its Nordstjernan Growth AB unit to a company co-owned by Caspar Callerström and Thomas von Koch. The divestiture transfers a five-company growth portfolio (Mentimeter, Roaring, Insurello, Zimpler and Oden Technologies) to the new owners so Nordstjernan can focus on larger investments.
-
Norvestor Acquires Majority Stake in Xllnc Nordic AB
February 5, 2019
IT Services
Norvestor VII L.P., managed by Norvestor Equity AS, has acquired a ~55% majority stake in Xllnc Nordic AB, a Växjö-headquartered provider of IT lifecycle management and device-as-a-service solutions. Management and employees retain the remaining shares; Xllnc has ~200 employees and reported c. SEK 1,300 million in revenue in 2018 as Norvestor supports the company's Nordic growth and service development.
-
Oaktree Acquires Stake in Enercon Services from AE Industrial Partners
February 8, 2023
Engineering Services
Funds managed by Oaktree Capital Management have made a significant investment in Enercon Services, Inc., partnering with management to support the company's growth and strategic plans. AE Industrial Partners sold its stake in Enercon as part of the transaction; terms were not disclosed.
-
Nordstjernan Takes Minority Stake in Roaring
March 24, 2021
Payments & Fintech
Nordstjernan has agreed to invest just over 20% in Swedish fintech Roaring, becoming a partner to the founders and existing shareholders to support the company's continued growth. Roaring — founded in 2016 and based in Täby, Stockholm — provides KYC/AML automation and data/API services to companies across sectors; the capital comes from Nordstjernan's Growth & New Technology initiative.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.