Litorina expands – strengthens organization and opens an office in Gothenburg
Despite current macroeconomic uncertainty, Litorina invests in an expansion of the firm, adding one new partner and two new associates.
Lars Verneholt, 40, joins Litorina as a new Partner. Lars has a strong M&A background from a career at Carnegie, Merrill Lynch and most recently at Catella, where he was responsible for Catella Consumer. Lars has participated in a large number of Nordic M&A transactions during the last 10 years, often related to the consumer and retail segments.
Earlier this year, Litorina’s organization was also strengthened with two new Associates; Magnus Hedman, who joined from UBS Investment Bank in London, where he primarily worked with M&A and initial public offerings. Joseph Ahlberg, who joined from the management consultancy firm Arthur D. Little’s Stockholm office, where he worked with strategy, valuation and implementation projects.
– Our business has grown significantly over the last few years, and we have made these investments to strengthen our long-term competitiveness within our segment. Irrespective of the economic climate, we believe Litorina’s positioning in the market and our focus on industrial value creation will continue to generate interesting business opportunities, Harold Kaiser, Managing Partner at Litorina, says.
Litorina opens an office in Gothenburg.
Litorina opens a new Gothenburg office on May 1. Olof Cato, Investment Manager at Litorina and native Gothenburger, will be responsible for the new office.
– Gothenburg and its surrounds is Sweden’s second largest industrial area with numerous interesting companies. We believe a local presence will greatly increase our knowledge of the region, and will help to generate new opportunities Harold Kaiser says. Litorina already has a couple of investments in the region and through this new office we want to communicate our commitment to increase our activity in the region.
For further information, please contact:
Managing Partner, Litorina Kapital
Tel: +46 708 543800
Litorina Kapital, founded in 1998, is a private equity firm that focuses on acquiring and industrially developing small to medium-sized primarily Swedish companies. Litorina offers broad and deep expertise via its own organization as well as through its network of industrial advisors. Litorina Capital Advisors AB acts as an investment advisor to Litorina’s third fund, Litorina Kapital III LP, which is currently in an active investment phase. Litorina Kapital is backed by a number of venerable and reputable Swedish and international institutions who have together invested approximately SEK 2,400 million in Litorina Kapital’s three funds. For more information please see www.litorina.se