Balco is Scandinavia’s leading supplier of glazed balconies to tenant associations and landlords in both the private- and public sector.

Balco was founded in 1987 and has since then grown strongly in Sweden and expanded in Europe. The Company now has 300 employees and offers turnkey solutions for balcony construction with responsibility for the entire value chain.

Segulah IV L.P. invested in Balco in October 2010 to further strengthen the Company’s leading market position and to support continued growth in other European markets.

On October 6, 2017, Balco was listed on the Nasdaq Stockholm Small Cap list. Segulah IV simultaneously sold nearly 80 percent of its holding in the Company, whilst remaining as the largest shareholder with 19% of the shares until May 2019 when the holding decreased to 12%. In August 2019, the holding decreased to 6%.

Fund: Segulah IV
Area: Balcony Glazing Solutions
Acquisition: 2010
Turnover: MSEK 1,058
Employees: 385
CEO: Kenneth Lundahl
Chairman: Tomas Johansson
Board members: Mikael Andersson IngaLill Berglund Carl-Mikael Lindholm Johannes Nyberg Åsa Söderström Winberg
Ownership: 6% through Segulah IV L.P.
Responsible partner: Percy Calissendorff

Current portfolio

Case studies

Realized portfolio

  • Name Fund Area Acquisition Exit
    Docu Nordic Segulah IV20142017
    Zengun Segulah V Construction20162019
    Teknikmagasinet Segulah V Retail20152018
    Oglaend Industries Segulah IV20142017
    eTRAVELi Segulah IV20102015
    Byggfakta Scandinavia AB Segulah Information services19961998
    EKH Ekonomihuset Segulah I Pension trusts19971999
    Wilkenson Handskmakar´n AB Segulah Retail19941997
    Teli Service Segulah I Repair & logistic services19972002
    Modul-System Segulah I Vehicle interior fittings19992002
    Norfoods Segulah II Food20002004
    EEN Segulah I Music & entertainment19992004
    CCS, Clean Chemical Segulah II Skin- and eye care20032004
    NVS Installation Segulah II HVAC installation20022006
    HMS Industrial Networks Segulah II Communication technology20042007
    Previa Segulah II Occupational health20042007
    Kosan Crisplant Segulah II LPG supplies20042008
    Callenberg Group Segulah II Marine electronics20012008
    Joy Segulah III Retail20062009
    Isaberg Rapid Segulah III Office supplies20072009
    NEA-gruppen Segulah III Electrical installation20062010
    Exotic Snacks Segulah III Food20082011
    Skandinavisk Kommunalteknik Segulah III Sewage systems20082011
    InfoCare Segulah II Electrical repair20042012
    Medstop Segulah IV Pharmacies20102013
    PMC Group Segulah III Hydraulics20052015
    S:t Eriks Segulah III Building products20052015
    Kemetyl Segulah III Chemicals20072016
    Almondy Segulah III Confectionery20082015
    Scan Coin Segulah IV Cash handling20102015
    CCS Healthcare Segulah IV Healthcare20112019
    Gunnebo Industrier Segulah III, Segulah IV Industrial20082019