Our Focus

As an active owner and investor, we focus on innovation, ability to deliver and profitable growth.
We are a long-term owner and build brick by brick to take companies and investments to the next level. We focus on sustainable investments that create value for society, the company, our partners and future generations.

Business investments

We take both controlling and non-controlling positions and want to both contribute to development and exercise long-term ownership where our industrial expertise can make a difference.
A clear competitive situation, good and understandable products and the potential to build an even stronger brand are important. We are looking for companies with a positive cash flow and management/owners who can see the value of working with us and want to do so. We work best with other exciting, promising and rewarding companies. See our direct investments below:
Jets Vacuum is a global company that develops, manufactures, and sells vacuum toilets, vacuum systems and treatment plants. Improving the world through pioneering technology, minimising stress on the planet’s most vulnerable resources.
Investment year:
2018
Shareholding
73%
Annual Revenue 2020:
458 MNOK
NordicNeuroLab is a global leader in the development and sale of solutions for MRI scanners within fMRI and patient comfort. The company is headquartered in Bergen and has employees in the USA, Germany and France. The company works closely with Siemens Healthineers, GE and Phillips.
Investment year:
2008
Shareholding
64%
Annual Revenue 2020:
67 MNOK
Curida is a CDMO (Contract and Development Manufacturing Organisation) that manufactures medications within three technology areas: nasal sprays, phials and BFS (Blow-Fill-Seals). Curida was established in 2014 when Takeda decided to close down its factory in Elverum.
Investment year:
2018
Shareholding
19%
Annual Revenue 2020:
129 MNOK
Topcamp develops high-quality camp sites and is spearheading the transformation of the camping industry into a modern and profitable tourism segment. Topcamp operates some of Norway’s best camping sites offering a diverse range of local activities and experiences.
Investment year:
2016
Shareholding
10
Annual Revenue 2020:
85 MNOK
MMC First Process is a global leader in the supply of advanced circulation systems used in the fishing and aquaculture industry for handling, processing and cooling live fish. Our investment in MMC First Process is via Credo Invest Nr 17.
Investment year:
2019
Shareholding
18% (indirect)
Annual Revenue 2020:
535 MNOK
Made for Movement is a market leader in the development and delivery of dynamic standing and walking aids for people with major movement disorders. The company is headquartered in Skien, with subsidiaries in Germany, Sweden and the UK, and distribution companies in a further 15 countries. Our investment in Made for Movement is via Credo Invest Nr 8.
Investment year:
2014
Shareholding
24% (indirect)
Annual Revenue 2020:
127 MNOK
Salvesen & Thams is a leading and preferred investment and ownership resource pool in Norway. The company was founded in 1872. Salvesen & Thams is a long-term and active owner that invests in profitable and sustainable companies seeking support for further growth and development.
Investment year:
2021
Shareholding
2,4%
Annual Revenue 2020:
Explore Equity is a partnership equity growth fund investing in Nordic companies with solid and distinct growth characteristics. Explore seek to drive value creation together with existing management and partners by leveraging more than 80 years of experience in professional and financial services and in industrial and consumer product companies.
Investment year:
Shareholding
Annual Revenue 2020:
Norselab is Norway’s leading investment fund for industrial tech companies with positive impact on people and the planet. By engaging actively with portfolio companies, Norselab builds global challengers and ignites meaningful change in traditional industries.
Investment year:
Shareholding
Annual Revenue 2020:
SNÖ Ventures invests in visionary entrepreneurs leading early stage, transformative Nordic tech companies, and supports them at every step of their global growth journey. SNÖ aims to enhance the Nordic ecosystem by facilitating the sharing of resources, talent, ideas and experience throughout the Nordic region, and by leveraging their international networks to support Nordic companies in their global expansion.
Investment year:
Shareholding
Annual Revenue 2020:

Previous investments

With an investment team with extensive experience from different industries and companies we are well positioned to work actively on demanding challenges.
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Stokke

Stokke is a leading global children’s equipment brand. The company’s roots go back to 1932.In 1972, Kåre Stokke decided to market the Tripp Trapp chair designed by PeterOpsvik. It took a long time to establish the project in the market and sales did not reach 100,000 a year until 1998.

In 2003, together with the board, Rune Stokke decided to focus on developing Stokke into a global brand for children’s products. Stokke has developed a strong product portfolio and has sales companies in Europe, America and Asia. Between 2003 and 2013, revenue increased from MNOK 300 to more than MNOK 1,100 with very good profitability. In 2014, the company was sold to NXMH in a structured process with Goldman Sachs as adviser. Learn more >

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Wonderland

Wonderland is one of Scandinavia’s leading bed and mattress retailers. Wonderland’s history dates back to 1969 when the Westnofa business was established in Åndalsnes. The company was owned by the Stokke family from start-up until it was sold to Foinco in 2014.

Annual revenue in 2004 totalled approximately MNOK 200.  Learn more >

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Fora Form

Fora Form is one of Scandinavia’s leading suppliers of furniture to meeting places. For many years, Fora Form, whose story starts in 1929, was known as Møre Lenestolfabrikk, which later changed name to Møremøbler. The Stokke family acquired Møremøbler in the 1990s with Vatne Møbler, and the businesses were merged and changed name to Fora Form. Part of the company was sold to Credo Partners in 2007.

In 2013, the company was acquired by the Swedish company Lammhults. Annual revenue in 2013 totalled approximately MNOK 140.  Learn more >

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Varier

Varier’s association with Stokke goes all the way back to 1932. In the mid-1970s, the first Balance chairs were launched and in 1979 Stokke Fabrikker decided to focus on ergonomic furniture and established its own sales companies in Europe through the 1980s and 1990s.  

In line with the decision to focus on children’s products, part of Varier was sold to Credo Partners in 2006. Annual revenue in 2006 totalled approximately MNOK 135.  Learn more >

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Optimar

Optimar is a global leader in fish handling. A 51 per cent stake in the company was acquired by Credo Invest Nr 7 AS, with Stokke Industri as the investor indirectly owning about 10 per cent of Optimar. The company was sold to German company Haniel in 2017. Annual revenue in 2017 totalled approximately MNOK 1,100. Learn more >

Real Estate

Our portfolio contains both yield property and development property. We run development properties together with reliable, long-term partners.

Inkognitogaten 16

Inkognitogaten 16 was built in 1873 based on drawings by architect Paul Due. The property is currently used as an office for Stokke Industri, and was last refurbished between 2016 and 2018.Investment year: 2016Shareholding: 100%
Investment year: 2016
Shareholding: 100%

NMK Næringseiendom

NMK Næringseiendom owns a state-of-the-art office property covering approximately 39,000 m² in Ålesund. The Norwegian Maritime Competence Center (NMK) is part of Campus Ålesund, one of Norway’s most innovative and high-tech competence resource pools for the public sector, academia and business. The company is led by Kaj Westre and Leif Arne Langøy is board chair.
Investment year: 2019
Shareholding:
30%
Annual revenue 2020:
71 MNOK

Portal Skøyen

Portal Skøyen owns a refurbished office property on Vækerø in Oslo with good access to the E18 trunk road. The property covers an indoor area of around 24,000 m² and land of about 12,500 m². One of the stops on the new Fornebu train line is planned near the property. The company is jointly owned with Backe and Farvatn.
Investment year: 2018
Shareholding:
33%
Annual revenue 2020:
32 MNOK

Ladejarlen Utvikling

Lilleby Triangel is a large housing project in the centre of Trondheim, where a district is being expanded to include 400 space-efficient apartments and 2,000 m² of commercial space. The project is a collaboration between the owners AF Gruppen, Stokke Industri Eiendom and Prosjektpartner KSU.
Investment year: 2017
Shareholding:
33,33%
Annual revenue 2020:
524 MNOK

SGF Eiendom

SGF Eiendom is a major new initiative where we will actively work on development property with other experienced property developers. The company is owned in partnership with GF Gruppen AS, which in turn is owned by Lisbeth and Morten Grongstad and Per Bjørnar Fausa. The company is managed by Morten Grongstad, former CEO of AF Gruppen.
Investment year: 2021
Shareholding:
50%

Other investments
include

Aurora Eiendom

Døhlen Skog

Bjørnsonshage I and II

Oslo Opportunity

Villaservice Feltutbygging

Previous investments

We have been involved in various properties in recent years. Together with Møller Eiendom we sold Coop’s automated warehouse building at Gardermoen in 2021.  Learn more >
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Gardermoen Log Invest

Gardermoen Log Invest AS owns Coop’s central warehouse in Norway. The property covers 85,000 m². It was originally purchased in 2014 together with Møller Eiendom when the property covered 52,000 m². The property was extended by 33,000 m² in 2020/2021 and sold to NREP in February 2021 at a gross property value of BNOK 3. Møller Eiendom owned 60 per cent and Stokke Industri 40 per cent.

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Ventrupparken Logistics

Ventrupparken Logistics AS owns a warehouse in Greve in Denmark covering around 60,000 m². Stokke Industri Eiendom and Lerka Eiendom each purchased a shareholding of 25 per cent in 2016 and the property was resold in 2020.

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PostNord

Postal Logistics Denmark AS constructed two logistics properties for PostNord covering a total of 55,000 m² in Køge on the outskirts of Copenhagen in Denmark. The company was purchased in 2016 by Stokke Industri Eiendom (50 per cent) and Lerka Eiendom (40 per cent). Once the buildings were completed, the company was resold in 2018.

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Science Park

Oslo Science Park was part-acquired in 2016 with Lerka Eiendom. Construction stages I and II were acquired. These are the heart of the property containing the entrance hall, restaurant and Start-up Lab. The property was resold in 2016/2017.

Financial Investments

The financial portfolio is managed in collaboration with Gabler with investments in liquid funds managed by leading funds in Norway and abroad. The portfolio is split into a long-term equity portfolio and a short-term liquidity portfolio and accounts for just over 35 per cent of net asset value.