Segulah
Segulah is a Nordic private equity firm that for more than two decades has developed companies in close cooperation with skilled business leaders and industrial experts. Our goal is always that our companies should reach a position where they can prosper long after our three to eight years of ownership. We therefore invest in companies that we believe will be a part of the backbone of tomorrow’s society. Specifically, we focus our investments on companies with structural growth driven by the following three themes:
To succeed we contribute capital, structure, experience and knowledge. We do this by focusing on three different sectors where we historically have been successful and have knowledge, experience, network and a strong track record:
Funds
The capital in the Segulah funds are primarily raised from international pension funds, endowments and private family offices. In total Segulah has raised SEK 11 billion of capital to five funds. Today Segulah V is actively investing in the Nordic market.
| Fund | Established | Capital (MSEK) | Status |
|---|---|---|---|
| Segulah VI | 2021 | - | Currently investing |
| Segulah V | 2016 | 2,400 | Partly realized |
| Segulah IV | 2007 | 5,200 | Partly realized |
| Segulah III | 2004 | 2,400 | Realized |
| Segulah II | 2000 | 850 | Realized |
| Segulah I | 1997 | 200 | Realized |
Segulah invests in companies which demonstrate:
Performance
With strong, defensible market position and distinct differentiation
Potential
to take the next step in their strategic, operational and professional development
Balanced risk profile
with a proven business model active in markets with structural growth
We create distinct and long-term value through:
Enabling a growth agenda
Working with management and board in setting the strategic direction, outlining key initiatives, continuously challenging and supporting management in realizing the full potential
Supporting M&A
Driving consolidation of fragmented markets through roll-up acquisitions, using M&A to realize specific strategic initiatives (such as Nordic and international expansion)
Professionalization
Leveraging the Segulah network of industrial advisors to support and appoint competent management and board, as well as professionalizing business processes
Our Operational Model Supports our Strategy
Strong network of industrial advisors
Built over 20 years and continuously nurtured and renewed
Proactive sourcing
Targeting specific sectors and themes with strong brand recognition giving access to proprietary deals
Rapid actions
Initiating M&A target scan and management assessment already in DD and driving related actions immediately post-acquisition
Active ownership and partnering with management
With extensive strategic support, targeted operational involvement and regular follow-ups with management (Business reviews)
Collaborative culture
Based on Nordic Values and highlighted as key strength by portfolio company CEO’s & board members
Functional toolbox
Ecosystem of specialists in e.g. revenue and cost optimization, digital opportunity assessment and ESG that can be applied as a “task force” in portfolio companies and new investments to initiate change
Sustainability
Segulah adheres to the UN Principles for Responsible Investment.
Our role is to create long-term return to our investors. In addition to the strictly economic and financial aspects, environmental, social, and corporate governance (ESG) issues are crucial, in our evaluation phase of new investments as well as in our value creation in the portfolio companies.
Segulah supports the UN Principles for Responsible Investment: This entails that:
- We will incorporate ESG issues into investment analysis and decision-making processes
- We will be active owners and incorporate ESG issues into our ownership policies and practices
- We will seek appropriate disclosure on ESG issues by the entities in which we invest
- We will promote acceptance and implementation of the principles within the investment industry
- We will work together to enhance our effectiveness in implementing the principles
- We will report on our activities and progress towards implementing the principles
As a responsible investor Segulah is continuously evaluating its holdings from different sustainability aspects linked both to risks and opportunities. As a part of this work Segulah has implemented a digital process for collection, analysis and reporting of sustainability data from all portfolio companies. Through this process Segulah follows the portfolio companies sustainability work from defined KPI:s within social, financial and environmental sustainability ensuring an active approach to both risks and opportunities on Board level as well as on Management level.