Litorina

About Litorina

Litorina is an independent Nordic mid-market private equity firm with SEK 3 billion in Litorina V (the latest flagship fund closed at target) as of December 2024, headquartered in Stockholm. The firm was founded in 1998 and has built a 25 plus year track record targeting primarily Swedish owner-led niche market leaders. Litorina remains a partner-owned independent firm, with a continuation fund initiative announced in November 2025 expanding the platform's flexible capital toolkit.

Investment thesis

Litorina deploys capital through five successor flagship funds (Litorina I through Litorina V) targeting majority investments in Swedish owner-led niche market leaders with €10-100 million sales, with the strategic objective of doubling company scale within four to seven years through consolidation, geographic expansion and concept rollouts. Sector focus spans business services, consumer goods, healthcare services and specialty industrial categories, with geographic deployment anchored in Sweden core plus Norway, Denmark and Finland. The buy-and-build playbook is applied across the platform with hands-on partnership alongside founder and management teams.

Recent activity

Recent realised exits include consumer and bedding (KungSängen, 2024) and information services (BTJ, 2024). Recent acquisitions include software and geographic information systems (Digpro), food wholesale (Bergfalk and Johan i Hallen merger) and cleaning services (Northclean with add-ons Siskon Siivous and Forenede Service, 2025). The platform continues active deployment of Litorina V plus the announced continuation fund strategy. Detailed buyer names and multiple data available on Pro at €49/month.