Consolid Equity
Stockholm, SwedenConsolid Equity, formerly Capillar Equity, is a Stockholm-based private equity firm founded in 2019 that pursues an accelerated buy-and-build strategy, creating and scaling B2B business-services and industrial-services platforms across the Nordics and Northern Europe.
Consolid Equity is a Stockholm buyout firm with 3 active companies and 5 exits.
- ·5 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 5 realized deals: 2 years.
- ·Top sector focus: Business Services (63% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2023.
Sector breakdown
8 companiesKey facts
Recent exits
Consolid Equity sold Svalner Atlas Advisors to Ryan in 2026 after 3 years.
Consolid Equity sold Nordic Climate Group to Altor in 2022 after 1 year.
Consolid Equity sold Spolargruppen to tbd30 in 2022 after 3 years.
Coverage notes
3 funds tracked, 8 portfolio companies (3 active · 5 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Consolid Equity has raised, with its portfolio companies. Hand-checked from public filings.
Capillar Equity Fund IIHarvestingBuyout20232 assets1 exitsBuyout2023 · 3yr–21
Unrealized
2 held| Company | Entry |
|---|---|
| RMS Group Business Services · Sweden | 2024 |
| Satellite Group Business Services · Sweden | 2023 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Sertion Construction · Sweden | 2024 | 2026 | Secondary | Altor | – |
Consolid Equity IIIHarvestingBuyout20231 assets1 exitsBuyout2023 · 3yr–11
Unrealized
1 held| Company | Entry |
|---|---|
| Petra Group Business Services · Sweden | 2026 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Svalner Atlas Advisors Business Services · Sweden | 2023 | 2026 | Trade Sale | Ryan | – |
Capillar Equity Fund IRealizedBuyout20190 assets3 exitsBuyout2019 · 7yr–03
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Layer Group Business Services · Sweden | 2020 | 2021 | Secondary | Litorina | – |
| Nordic Climate Group Construction · Sweden | 2021 | 2022 | Secondary | Altor | – |
| Spolargruppen Construction · Sweden | 2019 | 2022 | Trade Sale | tbd30 | – |
About Consolid Equity
Consolid Equity AB (formerly Capillar Equity until a 2024 rebrand) is a Swedish lower-mid-market private equity firm headquartered at Riddargatan in Stockholm. The firm was founded in 2019 by the partners of Capillar Advisory (Johan Nylén, Johan Säll, Patrik Egeland, Mikael Ludvigson and Petter Hakanson), with founding CEO Johan Nylén positioning the platform as a buy-and-build specialist focused on B2B services. The firm is chaired by Ann Krumlinde, the former CEO of Danske Bank Sweden. Assets under management as of December 2024 are not publicly disclosed in primary sources. The firm operates three fund vehicles: Capillar Equity Fund I (2019, fully invested), Consolid Equity II (raised 2021 to 2022) and Consolid Equity III (raised 2024). Across all three vintages, Consolid claims more than 300 add-on acquisitions through its platform-and-buy-build approach. The firm leadership team comprises eight investment professionals. The firm rebranded from Capillar Equity to Consolid Equity in 2024 to reflect its consolidation thesis. Consolid Equity manages capital on behalf of institutional LPs and is regulated under the Swedish Financial Supervisory Authority.
Investment thesis
Consolid Equity pursues an accelerated buy-and-build strategy targeting B2B services platforms across the Nordics and Northern Europe. The firm anchors each fund around five to seven platform investments in fragmented business-services verticals, then drives rapid horizontal consolidation through tuck-in acquisitions, typically 20 to 60 add-ons per platform executed within a three-to-five-year holding period. Target sectors include tax and transaction advisory, intellectual property advisory, education and staffing, technical building services (pipework, plumbing, gas), roadside assistance and adjacent professional and commercial services. Geography concentrates on Sweden, Norway, Finland and Denmark with selective expansion into the Netherlands, Belgium and the wider Northern European corridor. Ticket sizes are not publicly disclosed but the lower-mid-market positioning implies platform equity tickets of approximately SEK 50 to 300 million with add-on cheques flexed against bolt-on size. The limited partner base is institutional but not publicly broken out by name, with strong demand from existing investors plus new institutional commitments raising Fund II and Fund III. Value creation rests on building platform management teams with sector-specialist CEOs and disciplined M&A pipelines, digitising operations and integrating bolt-ons under shared back-office and brand systems, and developing Nordic champions that command strategic premiums or appeal to upper-mid-market sponsors at exit.
Recent activity
Recent investments include Skanda in consulting services and B2B services (2026), Petra Group in intellectual property advisory and professional services (2023), Svalner Atlas Advisors in tax and transaction advisory (2024) and Sertion in technical building services and industrial services (2023). Recent exits include Aderian in IT services (2023), Nordic Climate Group in climate and HVAC services (2022), Spolargruppen in industrial services (2022) and C Medical in healthcare services (2022). The platform continues to deploy Consolid Equity III across Nordic and Northern European B2B services platforms with accelerated buy-and-build M&A.
Frequently asked questions
- What investment strategy does Consolid Equity focus on?
- Consolid Equity focuses on Buyout strategies in the private equity space.
- How many portfolio companies does Consolid Equity have?
- Consolid Equity has 3 active portfolio companies and 5 completed exits and 3 funds tracked on GP Intel.
- Where is Consolid Equity headquartered?
- Consolid Equity is headquartered in Stockholm, Sweden.
- When was Consolid Equity founded?
- Consolid Equity was founded in 2019.
- What sectors does Consolid Equity invest in?
- Consolid Equity invests across Business Services, Industrials, Healthcare.
- What are Consolid Equity's recent exits?
- Recent realized exits by Consolid Equity include: Sertion (2026) to Altor; Svalner Atlas Advisors (2026) to Ryan; Nordic Climate Group (2022) to Altor; Spolargruppen (2022) to tbd30; Layer Group (2021) to Litorina.
Similar firms
Other private equity firms tracked on GP Intel.
