Co-native

Co-native is a Swedish cloud services group established in 2022, with the ambition to build a leading Nordic multi-brand portfolio of independent cloud specialists with supporting service offerings through an active buy-and-build agenda.

The current platform consists of Xenit, a leading Microsoft Azure-focused cloud specialist offering digital transformation services. Gothenburg-based Xenit was founded in 2009, achieved revenues of SEK 106m in 2021 through c. 80 employees and is fully owned by Co-native. Xenit has evolved from a cloud consultancy firm to having a unique subscription-based service portfolio that now accounts for the majority of revenues.

Segulah Fund VI acquired a significant shareholding in Co-native in July 2022, teaming up with a strong operational team including its founders Linus Lindström, Robin Kindberg and Executive Chairman Fredrik Arnander as well as Xenit employees as joint owners of the group.

Fund: Segulah VI
Sector: IT/Teknologi
Acquisition: 2022
Turnover: SEK ~100m
Employees: c. 80
CEO: Linus Lindström
Chairman: Fredrik Arnander
Board members: Percy Calissendorff Johan Möllerström Robin Kindberg
Ownership: 42% via Segulah VI
Website: www.co-native.com

Current portfolio

Case studies

Realized portfolio

  • Name Fund Sector Acquisition Exit
    Wilkenson Handskmakar´n AB Segulah Retail 1994 1997
    Byggfakta Scandinavia AB Segulah Information services 1996 1998
    EKH Ekonomihuset Segulah I Pension trusts 1997 1999
    Modul-System Segulah I Vehicle interior fittings 1999 2002
    Teli Service Segulah I Repair & logistic services 1997 2002
    CCS, Clean Chemical Segulah II Skin- and eye care 2003 2004
    EEN Segulah I Music & entertainment 1999 2004
    Norfoods Segulah II Food 2000 2004
    NVS Installation Segulah II HVAC installation 2002 2006
    Previa Segulah II Occupational health 2004 2007
    HMS Industrial Networks Segulah II Communication technology 2004 2007
    Callenberg Group Segulah II Marine electronics 2001 2008
    Kosan Crisplant Segulah II LPG supplies 2004 2008
    Isaberg Rapid Segulah III Office supplies 2007 2009
    Joy Segulah III Retail 2006 2009
    NEA-gruppen Segulah III Electrical installation 2006 2010
    Skandinavisk Kommunalteknik Segulah III Sewage systems 2008 2011
    Exotic Snacks Segulah III Food 2008 2011
    InfoCare Segulah II Electrical repair 2004 2012
    Medstop Segulah IV Pharmacies 2010 2013
    Scan Coin Segulah IV Cash handling 2010 2015
    Almondy Segulah III Confectionery 2008 2015
    S:t Eriks Segulah III Building products 2005 2015
    PMC Group Segulah III Hydraulics 2005 2015
    eTRAVELi Segulah IV IT/Technology 2010 2015
    Kemetyl Segulah III Chemicals 2007 2016
    Oglaend Industries Segulah IV Manufacturing & Industrial Goods 2014 2017
    Docu Nordic Segulah IV B2B 2014 2017
    Teknikmagasinet Segulah V Retail 2015 2018
    Zengun Segulah V Construction 2016 2019
    Mitt i Segulah IV Media 2014 2019
    CCS Healthcare Segulah IV Healthcare 2011 2019
    Gunnebo Industrier Segulah III, Segulah IV Industrial 2008 2019
    Sandbäckens Segulah V B2B Services 2016 2021
    Balco Segulah IV Manufacturing & Industrial Goods 2010 2021
    Conapto Segulah V IT/Technology 2018 2021
    Semantix Segulah V B2B Services 2015 2021
    NVBS Rail Segulah V B2B Services 2020 2022