Capidea Management
Copenhagen, DenmarkCapidea is a Copenhagen-based lower-mid-market buyout firm that takes majority stakes in small and medium-sized Danish companies with EBITDA of DKK 15-75m and develops them through organic growth and add-on acquisitions over a four-to-five-year hold.
Capidea Management is a Copenhagen buyout firm with 21 active companies and 18 exits.
- ·7 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 18 realized deals: 6 years.
- ·Top sector focus: Industrials (41% of portfolio).
- ·Fund cadence: ~5Y between vintages · last raise 2023.
Sector breakdown
39 companiesKey facts
Recent exits
Capidea Management sold Creativ Company to Dansk Ejerkapital and management in 2024 after 8 years.
Capidea Management sold Creativ Company A/S to Dansk Ejerkapital and management in 2024 after 8 years.
Capidea Management sold Obsidian Digital to Findos Private Equity in 2023 after 2 years.
Capidea Management sold Budweg Caliper to BBB Industries in 2022 after 4 years.
Coverage notes
4 funds tracked, 39 portfolio companies (21 active · 18 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Capidea Management has raised, with its portfolio companies. Hand-checked from public filings.
Fond IVSmall-Mid Buyout2023€168M11 assetsSmall-Mid Buyout2023 · 3yr€168M11–
Unrealized
11 held| Company | Entry |
|---|---|
| Digital Group Business Services · Denmark | 2024 |
| Fire Eater Industrials · Denmark | 2024 |
| GaveFabrikken Consumer · Denmark | 2024 |
| Guardique Products Industrials · Denmark | 2025 |
| HASLE Refractories Industrials · Denmark | 2025 |
| Houkjaer Begravelse Consumer · Denmark | 2026 |
| Hoyer Industrials · Denmark | 2025 |
| HVACON Marine Systems Industrials · Denmark | 2024 |
| InterMail Business Services · Denmark | 2024 |
| Right People Group IT Services · Denmark | 2023 |
| TourCompass Hospitality · Denmark | 2025 |
Fond IIIHarvestingSmall-Mid Buyout2017€116M7 assets3 exitsSmall-Mid Buyout2017 · 9yr€116M73
Unrealized
7 held| Company | Entry |
|---|---|
| Dancover E-commerce · Denmark | 2021 |
| European House of Beds Consumer · Denmark | 2019 |
| Fairpoint Outdoors Consumer · Denmark | 2021 |
| Holiday Group Hospitality · Denmark | 2019 |
| Maki Consumer · Denmark | 2021 |
| Maki A/S Industrials · Denmark | 2021 |
| Nordic Well Consumer · Denmark | 2019 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Budweg Caliper Mobility · Denmark | 2018 | 2022 | Trade Sale | BBB Industries | – |
| Flexoprint Industrials · Denmark | 2018 | 2020 | Trade Sale | Optimum Group | – |
| Obsidian Digital AdTech · Denmark | 2021 | 2023 | Secondary | Findos Private Equity | – |
Fond IIHarvestingSmall-Mid Buyout2012€97M2 assets7 exitsSmall-Mid Buyout2012 · 14yr€97M27
Realized
7 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Broen Lab Industrials · Denmark | 2015 | 2021 | Trade Sale | LI Enterprises Group | – |
| Creativ Company Consumer · Denmark | 2016 | 2024 | MBO | Dansk Ejerkapital and management | – |
| Creativ Company A/S Consumer · Denmark | 2016 | 2024 | Secondary | Dansk Ejerkapital and management | – |
| Ellepot AgTech · Denmark | 2013 | 2021 | Trade Sale | Kirk Kapital | – |
| Optiware Software · Denmark | 2013 | 2019 | Trade Sale | Aptean | – |
| Westpack Industrials · Denmark | 2017 | 2022 | Secondary | Adelis Equity Partners | – |
| Xstream Software · Denmark | 2014 | 2018 | Trade Sale | SeaChange International, Inc. | – |
Fond IRealizedSmall-Mid Buyout2007€101M1 assets8 exitsSmall-Mid Buyout2007 · 19yr€101M18
Unrealized
1 held| Company | Entry |
|---|---|
| Union Engineering A/S Industrials · Denmark | 2010 |
Realized
8 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Aagaard Kranz Ziegler Consumer · Denmark | 2007 | 2015 | Trade Sale | Dansk Generationsskifte A/S and local investors | – |
| EET Group IT Services · Denmark | 2007 | 2011 | Trade Sale | Alipes | – |
| Inspiration Consumer · Denmark | 2008 | 2012 | Trade Sale | L'EASY | – |
| Klokkerholm Karosseridele Industrials · Denmark | 2011 | 2016 | Trade Sale | Indutrade | – |
| KP Komponenter Industrials · Denmark | 2007 | 2014 | Secondary | Segulah | – |
| Nuemph Consumer · Denmark | 2010 | 2017 | Trade Sale | Ronald Holding A/S | – |
| Schades Industrials · Denmark | 2009 | 2013 | Trade Sale | Hansol Paper | – |
| Union Engineering Industrials · Denmark | 2010 | 2017 | Trade Sale | Pentair | – |
About Capidea Management
Capidea Management is a Danish lower mid-market private equity firm with DKK 3.6 billion of total capital commitments across four funds as of December 2024 (Fund IV / Capidea Kapital IV closed at DKK 1,250 million hard cap), headquartered in Copenhagen. The firm was founded in 2006 and operates as a partner-managed independent fund manager (Capidea Management ApS) with an LP base largely composed of former business owners.
Investment thesis
Capidea Management deploys capital through approximately four funds (Fond I-IV), targeting buyout and majority investments in Danish lower mid-cap companies with organic growth plus add-on acquisitions over 4-5 year holds. Sector focus spans manufacturing, IT consulting, e-commerce, healthcare and wellness, marine systems and specialty consumer goods. Geographic deployment is domestic Denmark focus. The platform offers direct deal-team access for investors with an LP base of former entrepreneurs who understand operational challenges.
Recent activity
Recent realised exits include IT consulting (2024-2025) and arts-and-crafts e-commerce and consumer goods (2024). Recent acquisitions include an electric motor manufacturer (2025, majority stake), an IT consulting and staffing firm (2024, first Fund IV deal) and a gifting and consumer goods company, with six new platform investments completed in 2024. The platform continues active deployment of Fund IV across the Danish lower mid-market mandate.
Frequently asked questions
- What investment strategy does Capidea Management focus on?
- Capidea Management focuses on Buyout strategies in the private equity space.
- How many portfolio companies does Capidea Management have?
- Capidea Management has 21 active portfolio companies and 18 completed exits and 4 funds tracked on GP Intel.
- Where is Capidea Management headquartered?
- Capidea Management is headquartered in Copenhagen, Denmark.
- When was Capidea Management founded?
- Capidea Management was founded in 2006.
- What sectors does Capidea Management invest in?
- Capidea Management invests across Industrials, Consumer, Business Services.
- What are Capidea Management's recent exits?
- Recent realized exits by Capidea Management include: Creativ Company (2024) to Dansk Ejerkapital and management; Creativ Company A/S (2024) to Dansk Ejerkapital and management; Obsidian Digital (2023) to Findos Private Equity; Budweg Caliper (2022) to BBB Industries; Westpack (2022) to Adelis Equity Partners; Broen Lab (2021) to LI Enterprises Group; Ellepot (2021) to Kirk Kapital; Flexoprint (2020) to Optimum Group.
Similar firms
Other private equity firms tracked on GP Intel.
