Obton is the 9th largest solar PV developer/investor in Europe and the largest residential real estate developer in Denmark

Investment Thesis

  • Solar PV market fuelled by true megatrend expected to sustain double digit growth rates through decades
  • Obton is one of the largest solar developer in a highly fragmented market, positioned in the most attractive part of the value chain
  • Strong and inclusive performance culture with exceptionally satisfied employees


Main Transformation Initiatives

  • Develop investor model through expanding number of capital raising sources, incl. private banking, institutions and develop & sell model
  • Scale solar PV business and build organisation to prepare for the Solar market transition towards a merchant market
  • Separate solar PV  and real estate into two stand-alone businesses, with  separate strategy and management teams

Key Facts

Country Denmark

Headquarter Aarhus

Acquired 2021-07

FSN Ownership 44%

Sales 2022 EUR 131m

CEO Anders Marcus (Obton) / Peter Jørgensen (Koncenton)

Chairperson Gunn Wærsted

Pointperson Lars Denkov

Webpage www.obton.com

Norway (Visiting address)
Via Vika / Ruseløkkveien 30
0251 Oslo
+47 24 14 73 00


FSN Capital Partners AB
Birger Jarlsgatan 15
111 45 Stockholm
+46 85 450 39 30

Norway (Post address)
FSN Capital Partners AS
PO. Box 1597
0118 Oslo


FSN Capital Partners GmbH
Maximiliansplatz 5
80333 Munich
+49 160 3666 627

FSN Capital Partners Aps
Kongens Nytorv 26, 2. Sal
1050 Copenhagen
+45 33 13 48 00