Family Offices in Sweden

Cervantes Capital is a Swedish investment company based in Stockholm, focusing on long-term, active ownership of listed Nordic small and medium-sized companies. The firm employs a fundamental approach to investing, prioritizing value creation over short-term market fluctuations. They seek out quality businesses led by skilled management teams that demonstrate a high degree of alignment with shareholder interests. Cervantes Capital operates with an evergreen investment philosophy, providing enduring capital and liquidity to growing companies listed on Nordic stock exchanges. Their investment process is characterized by detailed research, aiming to identify fundamentally undervalued companies with clear potential for growth in earnings and cash flow, coupled with a strong return on invested capital.The firm was founded in January 2021 in Stockholm, Sweden, by David Zaudy and Simon Cornell. They established Cervantes Capital to address a perceived need for long-term capital and in-depth fundamental equity research within the Nordic small and medium-sized enterprise (SME) market. A significant aspect of Cervantes Capital's structure is its majority shareholder, the Rosello Company, which is owned by Martin Lorentzon, the co-founder and a major shareholder of Spotify Technology S.A. This backing provides a strong foundation and strategic advantage for the firm's investment activities.Cervantes Capital's portfolio includes investments in a diverse range of Nordic companies. Notable holdings have included Kjell Group, a retail and e-commerce entity; Sand Clinic, which operates in health services; C-RAD AB, a company specializing in medical devices for radiation therapy; Micro Systemation AB (MSAB), a leader in mobile forensics software; and Christian Berner Tech Trade AB, involved in industrial products and technology trade. The firm actively supports its portfolio companies, offering hands-on assistance when needed to unlock value and foster long-term growth.The investment team at Cervantes Capital is led by managing partners David Zaudy and Simon Cornell, who bring extensive experience in financial research, portfolio management, and corporate finance. David Zaudy is a seasoned investor known for his value-oriented investment style, with previous roles at Pareto Securities and Veckans Affärer. Simon Cornell has a deep background in fundamental financial research, having served as head of equity and credit research at Pareto Securities and Carnegie. Felix Lindberg, another key team member, contributes his expertise as a private equity analyst from his time at IK Partners and The Riverside Company. The firm also benefits from an advisory board comprising experienced professionals such as Casten Almqvist, Helena Holmgren, and serial entrepreneur Jan Friedman, who has founded companies like Sportamore and Netonnet.

Otjikoto Invest is the family office of entrepreneur and investor Joel Halling. Established with a vision to blend innovation and long-term thinking, Otjikoto focuses on nurturing and guiding businesses across a wide range of industries. The firm is driven by a passion for innovation, a commitment to staying ahead in technology, and a desire to contribute positively to the future. Joel Halling's wealth is primarily derived from his entrepreneurial ventures in digital marketing and technology. He co-founded ROI Sweden AB, a lead generation company that allows small businesses to rent optimized websites to boost lead flow and sales. After securing a £3 million investment from BGF in 2020, Halling fully acquired the company in 2022 and scaled it to over SEK 20 million in annual revenues. He also holds leadership roles in companies like ChargeBuddy AB, Voltly AB, and TradeLab eComm AB, further diversifying his business footprint. Otjikoto Holding AB, which he owns, posted significant profits in 2023, demonstrating his acumen in investment management. On average, Otjikoto Invest commits to two new investments annually, targeting ventures with high value-creation potential. Its portfolio reflects a forward-looking vision aimed at fostering innovation, sustainability, and impact. The firm’s goal is to generate sustainable value not just for shareholders, but for society as a whole, positioning itself as a catalyst for future-ready enterprises.

SIBA Invest AB is a family-owned investment company based in Gothenburg, Sweden, with a strategic focus on capital management and long-term investments. The firm primarily targets Nordic listed and unlisted companies that demonstrate international growth potential. The Bengtsson family, owners of SIBA Invest, brings extensive experience from their long-standing involvement in the retail, banking, and insurance sectors.The origins of the family's business ventures trace back to 1951 when Folke Bengtsson established SIBA, a modest neighborhood store in Gothenburg specializing in radios and chandeliers. Under the leadership of Folke's son, Bengt Bengtsson, the business underwent significant expansion, notably opening the Nordic region's first radio and TV hypermarket in 1974. This entrepreneurial spirit further led to the creation of Resurs Finans in 1983, which later evolved into Resurs Bank, and Solid Försäkringsaktiebolag in 1993, an insurance company. SIBA Invest AB itself was incorporated in 1978.Currently, SIBA Invest holds significant stakes in prominent Nordic companies. The firm is a part-owner of Komplett ASA, recognized as the largest e-retailer in electronics across the Nordics, encompassing brands such as NetOnNet, Komplett, Webbhallen, and Integra, and is listed on the Oslo Stock Exchange. Additionally, SIBA Invest is a major shareholder in Resurs Holding AB and Solid Försäkringsaktiebolag, both active in the banking and insurance industries and listed on the Stockholm Stock Exchange. Recent investments include Kjell Group and Pierce Group.The firm is led by Martin Bengtsson as CEO and Fabian Bengtsson as Chairman of the Board. The investment committee is composed of highly experienced professionals, including Fredrik Carlsson, Jan Samuelson, Carl Grapenfelt, and Günther Mårder, alongside Fabian and Martin Bengtsson. This team collectively offers a broad spectrum of expertise in finance, retail, and investment strategies, guiding SIBA Invest's long-term capital allocation.