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Capidea Management

Capidea Management

Copenhagen, Denmark·Founded 2006··capidea.dk

Capidea 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.

AUM
Funds
4
vintages 2007–2023
Portfolio
18
Exits
17

Key facts

HQCopenhagen, Denmark
Founded2006
Employees13+
Websitecapidea.dk

Recent exits

Creativ Company
Consumer2024 · 8yr hold
Obsidian Digital
AdTech2023 · 2yr hold
Budweg Caliper
Industrials2022 · 4yr hold
Westpack
Industrials2022 · 5yr hold

Coverage notes

4 funds tracked, 35 portfolio companies (18 active · 17 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

35 companies
Industrials
14 · 40%
Consumer
11 · 31%
Business Services
2 · 6%
IT Services
2 · 6%
Software
2 · 6%
Hospitality
1 · 3%
E-commerce
1 · 3%
AdTech
1 · 3%

Funds & portfolio

Every fund Capidea Management has raised, with its portfolio companies. Hand-checked from public filings.

4 funds
Fond IVSmall-Mid Buyout
2023 · 3yr€168M11 active

Unrealized

11 held
Business ServicesDenmark· Entry 2024
Fire EaterActive
IndustrialsDenmark· Entry 2024
ConsumerDenmark· Entry 2024
IndustrialsDenmark· Entry 2025
IndustrialsDenmark· Entry 2025
ConsumerDenmark· Entry 2026
HoyerActive
IndustrialsDenmark· Entry 2025
IndustrialsDenmark· Entry 2024
InterMailActive
Business ServicesDenmark· Entry 2024
IT ServicesDenmark· Entry 2023
TourCompassActive
HospitalityDenmark· Entry 2025
Fond IIISmall-Mid BuyoutHarvesting
2017 · 9yr€116M6 active · 3 realized

Unrealized

6 held
DancoverActive
E-commerceDenmark· Entry 2021
ConsumerDenmark· Entry 2019
ConsumerDenmark· Entry 2021
ConsumerDenmark· Entry 2019
Maki
MakiActive
ConsumerDenmark· Entry 2021
Nordic WellActive
ConsumerDenmark· Entry 2019

Realized

3 exits
Budweg CaliperExited 2022
IndustrialsDenmark· Entry 2018
Trade Saleto
FlexoprintExited 2020
IndustrialsDenmark· Entry 2018
Trade Saleto
Obsidian DigitalExited 2023
AdTechDenmark· Entry 2021
Secondaryto
Fond IISmall-Mid BuyoutHarvesting
2012 · 14yr€97M1 active · 6 realized

Unrealized

1 held
GuldagerActive
IndustrialsDenmark· Entry 2016

Realized

6 exits
Broen LabExited 2021
IndustrialsDenmark· Entry 2015
Trade Saleto
Creativ CompanyExited 2024
ConsumerDenmark· Entry 2016
MBOto
EllepotExited 2021
AgTechDenmark· Entry 2013
Trade Saleto
OptiwareExited 2019
SoftwareDenmark· Entry 2013
Trade Saleto
WestpackExited 2022
IndustrialsDenmark· Entry 2017
Secondaryto
XstreamExited 2018
SoftwareDenmark· Entry 2014
Trade Saleto
Fond ISmall-Mid BuyoutRealized
2007 · 19yr€101M0 active · 8 realized

Realized

8 exits
ConsumerDenmark· Entry 2007
to
EET GroupExited 2011
IT ServicesDenmark· Entry 2007
Trade Saleto
InspirationExited 2012
ConsumerDenmark· Entry 2008
Trade Saleto
IndustrialsDenmark· Entry 2011
Trade Saleto
KP KomponenterExited 2014
IndustrialsDenmark· Entry 2007
Secondaryto
NuemphExited 2017
ConsumerDenmark· Entry 2010
Trade Saleto
SchadesExited 2013
IndustrialsDenmark· Entry 2009
Trade Saleto
Union EngineeringExited 2017
IndustrialsDenmark· Entry 2010
Trade Saleto
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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. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated March 2026 · Sourced from public filings · Report an issue