Current Investments
& Divestments

Active Brands
Consumer
Norway
Initial date: March, 2022
Fund: FSN Capital VI

Adragos Pharma
Services
Germany, France, Japan
Initial date: September, 2021
Fund: FSN Capital VI

Bäcker Görtz
Industrials
Germany
Initial date: October, 2022
Fund: FSN Capital VI

BoldR (formerly Rameder)
Services
Germany
Initial date: January, 2019
Fund: FSN Capital V

Ecovium
Technology
Germany
Initial date: November, 2020
Fund: FSN Capital V

Epista Life Science
Technology
Denmark
Initial date: May, 2022
Fund: FSN Capital Compass

Fellowmind
Technology
Sweden, Netherlands, Germany, Finland, Denmark and Poland
Initial date: December, 2019
Fund: FSN Capital V

Firesafe
Services
Norway, Sweden, Denmark, Finland
Initial date: May, 2022
Fund: FSN Capital Compass

Gram Equipment
Industrials
Denmark
Initial date: January, 2018
Fund: FSN Capital V

Håndverksgruppen
Services
Norway
Initial date: July, 2020
Fund: FSN Capital V

Holmbergs Safety System
Industrials
Sweden
Initial date: July, 2017
Fund: FSN Capital V

ilionx
Technology
Netherlands
Initial date: February, 2023
Fund: FSN Capital VI

IMPREG
Industrials
Denmark
Initial date: December, 2019
Fund: FSN Capital V

Installatør­Gruppen
Services
Denmark
Initial date: March, 2023
Fund: FSN Capital VI

Lobster
Technology
Germany
Initial date: February, 2023
Fund: FSN Capital VI

Nordlo
Technology
Sweden
Initial date: August, 2024
Fund: FSN Capital Confluence

Obton
Green Transition
Denmark
Initial date: July, 2021
Fund: FSN Capital VI

Omegapoint
Technology
Sweden
Initial date: June, 2021
Fund: FSN Capital VI

Optigroup
Services
Sweden
Initial date: March, 2022
Fund: FSN Capital VI

Polytech
Green Transition
Denmark
Initial date: March, 2023
Fund: FSN Capital VI

Saferoad
Industrials
Norway
Initial date: August, 2024
Fund: FSN Capital Confluence

Seriline
Services
Sweden
Initial date: February, 2022
Fund: FSN Capital Compass

Solcelle­spesialisten
Green Transition
Norway
Initial date: July, 2023
Fund: FSN Capital Compass

Swash Group (formerly MEGABAD)
Services
Germany
Initial date: August, 2021
Fund: FSN Capital VI

TASKING
Technology
Germany
Initial date: December, 2020
Fund: FSN Capital V

Uhl Bau
Services
Austria
Initial date: July, 2025
Fund: FSN Capital Compass

ViaCon
Industrials
Sweden
Initial date: September, 2018
Fund: FSN Capital V

Volue Infrastructure
Technology
Norway
Initial date: September, 2025
Fund: FSN Capital VI

Actic
Consumer
Sweden
Initial date: November, 2007
Realised date: August, 2012
Fund: FSN Capital II

Active Brands
Consumer
Norway
Initial date: April, 2017
Realised date: April, 2022
Fund: FSN Capital IV

Agito
Healthcare
Norway
Initial date: March, 2007
Realised date: January, 2014
Fund: FSN Capital II

Alignment Systems
Industrials
Sweden
Initial date: March, 2006
Realised date: March, 2012
Fund: FSN Capital II

Aura Light
Industrials
Sweden
Initial date: May, 2006
Realised date: May, 2020
Fund: FSN Capital II

BHG Group
Services
Sweden
Initial date: November, 2016
Realised date: August, 2020
Funds: FSN Capital IV, FSN Capital V

CTEK
Industrials
Sweden
Initial date: April, 2008
Realised date: June, 2011
Fund: FSN Capital II

EET
Services
Denmark
Initial date: April, 2015
Realised date: February, 2022
Fund: FSN Capital IV

Fibo
Industrials
Norway
Initial date: May, 2015
Realised date: July, 2025
Fund: FSN Capital IV

Fitness World
Consumer
Denmark
Initial date: May, 2015
Realised date: January, 2020
Fund: FSN Capital IV

Green Landscaping
Services
Sweden
Initial date: April, 2009
Realised date: June, 2018
Fund: FSN Capital III

HusCompagniet
Industrials
Denmark
Initial date: May, 2011
Realised date: July, 2015
Fund: FSN Capital III

Instalco
Sweden
Initial date: February, 2014
Realised date: May, 2017
Fund: FSN Capital IV

Jamo
Consumer
Denmark
Initial date: July, 2001
Realised date: June, 2004
Fund: FSN Capital I

Kjell & Company
Consumer
Sweden
Initial date: May, 2014
Realised date: May, 2025
Fund: FSN Capital IV

Kongsberg Automotive
Industrials
Norway
Initial date: August, 2001
Realised date: January, 2005
Fund: FSN Capital I

Lagkagehuset
Consumer
Denmark
Initial date: October, 2008
Realised date: June, 2017
Fund: FSN Capital III

Mørenot (part of Hampiðjan Group)
Industrials
Norway
Initial date: April, 2018
Realised date: November, 2023
Fund: FSN Capital V

Netcompany
Technology
Denmark
Initial date: February, 2016
Realised date: February, 2019
Fund: FSN Capital IV

Nordlo
Services
Sweden
Initial date: June, 2018
Realised date: August, 2024
Fund: FSN Capital V

Norlandia Care
Healthcare
Norway
Initial date: March, 2007
Realised date: December, 2011
Fund: FSN Capital II

Norman
Technology
Norway
Initial date: September, 2009
Realised date: November, 2014
Fund: FSN Capital III

PM Retail
Consumer
Norway
Initial date: February, 2012
Realised date: February, 2019
Fund: FSN Capital III

Roplan
Industrials
Sweden
Initial date: July, 2015
Realised date: July, 2019
Fund: FSN Capital IV

Saferoad
Industrials
Norway
Initial date: September, 2018
Fund: FSN Capital V

Skamol
Industrials
Denmark
Initial date: January, 2013
Realised date: April, 2023
Fund: FSN Capital III

Sneakersnstuff
Consumer
Sweden
Initial date: May, 2018
Realised date: January, 2025
Fund: FSN Capital V

Tactel
Technology
Sweden
Initial date: July, 2009
Realised date: March, 2015
Fund: FSN Capital III

Teres Medical Group
Healthcare
Norway
Initial date: September, 2007
Realised date: November, 2015
Fund: FSN Capital II

Troax
Industrials
Sweden
Initial date: January, 2013
Realised date: October, 2015
Fund: FSN Capital III

VIA Travel Group
Services
Norway
Initial date: September, 2005
Realised date: April, 2012
Fund: FSN Capital II

Vindora
Healthcare
Sweden
Initial date: December, 2009
Realised date: September, 2017
Fund: FSN Capital III

VITA
Consumer
Norway
Initial date: August, 2013
Realised date: October, 2019
Fund: FSN Capital IV

Vizrt
Technology
Norway
Initial date: November, 2008
Realised date: March, 2015
Fund: FSN Capital III