Our Investment Criteria
AURELIUS NORDICS invests in European, middle market, private and public companies which have improvement potential that can be unlocked by financial and operational support. We make investment decisions based on the following criteria:
We focus on businesses with sales of €30-750m, EBITDA margin from negative to +10% and with equity investment requirements of up to €50m
We seek control equity investment opportunities in businesses with development potential requiring financial or operational improvement – for example profitable underperformers, turnaround cases, complex carve-outs, captive situations, or incomplete companies which lack certain functions or management
We invest in opportunities, rather than specific sectors, although we have proven capability in Business Services, Chemicals, Consumer Goods, Food & Beverages, Industrials and TMT
We specialize in investing in medium-sized companies and corporate spin-offs, as well as transactions including private company and portfolio acquisitions, MBOs, MBIs, IBOs, P2Ps, and complex divisional carve-outs from corporates, owner managers, private equity and banks
AURELIUS NORDICS is a hands-on proactive and supportive operational investor with a long-term investment horizon
- We employ a team of 75 operational managers, and consultants to help deliver real operational improvement - not financial re-engineering. Operational managers can join portfolio companies on a full-time basis, if required
- Our portfolio companies are sustainably developed by operational support in Sales, Marketing, Logistics, Procurement, Supply Chain, Production as well as Legal, Human Resources, Finance and Investor Relations
- For strategic bolt-on acquisitions, management is supported by our M&A team
Long-term investment horizon
We invest the capital on our balance sheet (not investor’s money raised through funds) – this makes us a stable, bank-independent, long-term investor
Long-term capital makes us patient providers of capital - we are not exit driven
- We fund deals on an ‘all equity basis’ without the need for third party financing
- Minimal external input required to complete: we have in-house legal and due diligence capability
- We are a highly experienced investment team with proven ability to transact at speed
Flexibility to vendor requirements
- Scope to accommodate minority shareholders, vendor loans, earn outs and deferred consideration structures
Over the past decade AURELIUS Group has invested in more than 50 companies across Europe. Our current portfolio companies employ more than 20,000 people, generating combined annual revenues in excess of €3 billion. Set out below are certain of our companies that have Nordic operations or that were acquired from Nordic-based corporations.
With distribution companies of its own in seven European national markets and extensive experience of all the key distribution channels and product categories, Conaxess Trade boast a genuinely unique distribution capability. As a result, it is able to provide the manufacturers of numerous internationally renowned brands with easy access to markets with a total of more than 130 million consumers. Conaxess Trade is a key partner to the retail trade, working closely together to develop effective growth initiatives. Valora Trade is headquartered in Denmark, with significant operations in all countries and has c. €300 million of sales annually.» www.conaxesstrade.com
Scandinavian Cosmetics & Engelschiøn Marwell Hauge (EMH)
Headquartered in Malmö and Oslo, ScanCo and EMH boast genuinely unique distribution capabilities for cosmetics in Sweden and Norway with own distribution capabilities and extensive experience of all the key distribution channels. As a result, they are able to provide the manufacturers of numerous internationally renowned cosmetics brands with easy access to markets with a total of 15 million consumers. ScanCo and EMH are key partners to the retail trade, working closely together to develop effective growth initiatives and have c. €100 million of sales annually.» scandinaviancosmetics.se
With about 900 employees in Germany, the Netherlands, Poland and India, brightONE provides modern technology and product development services, as well as trailblazing services in the area of cross-sector information and communications technology. The company, which emerged from the Scandinavian Tieto Group and has been a member of the Munich-based AURELIUS Group since mid-2013, has more than 30 years of experience in the areas of consulting, systems integration and product engineering in Central Europe.» www.brightone.de
SECOP is a leading manufacturer of hermetic compressors for refrigerators and freezers, light commercial applications and 12-24-48-volt DC compressors for mobile applications. With production facilities in Europe and China, the company is known for its expertise in the design and development of high-performance, high-efficiency leading technologies.
SECOP´s commitment to global sustainable refrigeration already made a difference in the 1990s as a pioneer in developing compressors working with hydrocarbons (R290 and R600a) and variable speed.
SECOP was acquired by AURELIUS from Denmark-based Danfoss, and has c. €380 million of sales annually.» www.secop.com
CalaChem Fine Chemicals is a leading producer of fine chemicals for renowned clients in the agrochemical, pharmaceutical and speciality chemical sectors. The company offers a range of services including manufacture, development and large-scale production. It also provides a range of services to other companies adjacent to its site in Grangemouth, Scotland. Before being acquired by AURELIUS, CalaChem was a subsidiary of the Finnish KemFine Group in 2009.» www.calachem.com
Schabmüller develop, design and produce modern electrical drives and generators in PM synchronous, induction and direct current technology for mobile equipment. AURELIUS acquired the company from Sauer-Danfoss (Denmark) in 2007 and subsequently divested it in a sale to the ZAPI Group in 2012.» www.schabmueller.de
AURELIUS’ experienced NORDIC team is dedicated to sourcing, executing and managing investments across Sweden, Finland, Norway and Denmark. We are supported by AURELIUS Group's executive, investment and operational teams.
For inquiries or discussions regarding investment opportunities, please contact:
Mobile: +46 (0)739 86 36 37
Tel: +46 (0)8 12 41 03 75
114 32 Stockholm