The dental equipment industry in the Nordics consists of companies creating innovative tools and technologies for dental professionals. This includes everything from imaging systems and surgical tools to orthodontic supplies, mainly focused on improving patient care and operational efficiency. Significant growth is expected, largely driven by advancements in digital dentistry and an increasing emphasis on preventive care. Countries like Sweden and Denmark show a robust market with strong support for research and development. As awareness grows regarding dental health, local firms are expanding their offerings, paving the way for a more comprehensive approach in oral care solutions.


The Nordic investment scene showcases a blend of private equity and venture capital firms, primarily based in Sweden and Denmark. Investors like Altor Equity Partners and Novo Holdings, founded between 1916 and 1999, reflect a commitment to sectors such as dental equipment. With varying investment scales, these companies are known to have executed around 30 deals in 2024, strategically targeting opportunities in healthcare and technology to foster innovation.


Top 13 Dental Equipment Investors in the Nordics


1. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm founded in 1994, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Based in Stockholm, Sweden, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across various sectors and geographies. In the dental equipment context, EQT has made several notable investments, including a 20% minority stake in the Danish dental technology firm 3Shape, which focuses on digital solutions for dental practices. Additionally, EQT acquired Sirona Dental System, a leading manufacturer of dental equipment, for approximately $480 million in 2003. They also invested in Curaeos, a Pan-European dental services platform, further solidifying their presence in the dental industry. These transactions highlight EQT's active role in the dental equipment sector, showcasing their capability to support growth and innovation within this field.


2. Novo Holdings

  • Website: novoholdings.dk
  • Type: Venture Capital
  • Headquarters: Hellerup, Denmark
  • Founded year: 1999
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: novo-a-s

Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, founded in 1999. It manages the assets of the Novo Nordisk Foundation and primarily invests in life science companies at various stages of development. The firm provides capital and strategic support to enhance healthcare solutions. Notably, Novo Holdings has participated in funding rounds for InBrace, an orthodontic company that raised $45 million in Series C funding and $102 million in Series D financing. These investments highlight Novo Holdings' engagement in the dental equipment sector, particularly in orthodontics, showcasing their commitment to supporting innovative healthcare solutions. Additionally, they have invested in other life science companies, but their involvement with InBrace is particularly relevant to the dental equipment industry.


3. Nordic Capital

  • Website: nordiccapital.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 10
  • LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, with a notable focus on healthcare and technology. Nordic Capital partners with management teams to drive growth and operational improvements in its portfolio companies, aiming to create long-term value and sustainability. In the dental sector, Nordic Capital has made significant investments, including the acquisition of Hesira Group Ltd, which involved two dentistry companies, and Flemming Dental Service GmbH, both announced on February 20, 2018. Additionally, they acquired Dental Clinics Nederland BV and Adent Dental Clinic Group SA around the same time, further solidifying their presence in the dental market. These transactions highlight Nordic Capital's strategic interest in the dental equipment and services industry, making them a relevant player in this space.


4. AddLife AB

  • Website: add.life
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2016
  • Headcount: 1001-5000
  • Number of deals in 2024: 3
  • LinkedIn: addlife-ab

AddLife AB is a Swedish corporate investor based in Stockholm, founded in 2016. The company operates in the Life Science sector, focusing on Labtech and Medtech, providing high-quality medical technology products, assistive equipment, and laboratory solutions primarily to healthcare providers, hospitals, and research institutions across Europe. AddLife has been active in acquiring companies that enhance its portfolio in medical technology. Notable transactions include the acquisition of Mediplast AB, which specializes in medical products, and Emmat Medical, an independent distributor of surgical instruments in the UK, which could potentially include dental instruments. These acquisitions indicate AddLife's strategy to expand its reach in the medical technology field, which may encompass dental equipment as part of its broader offerings.


5. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in providing consulting services across various sectors, including technology and consumer products, with a focus on enhancing operational efficiency and sustainable growth for its partners. Altor has been actively involved in the dental equipment sector, having acquired KaVo Kerr in December 2005, a prominent player in dental equipment manufacturing. Additionally, they acquired Orchid Orthopedic Solutions in June 2011, which supplies design and manufacturing services for both orthopedic and dental markets. These strategic investments highlight Altor's commitment to the dental equipment industry, alongside their broader investment strategies.


6. Indutrade AB

  • Website: indutrade.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: indutrade-ab

Indutrade AB is a corporate investor based in Stockholm, Sweden, founded in 1978. The company operates as a technology and industrial group, developing and acquiring companies characterized by high technical expertise. With over 200 subsidiaries, Indutrade provides a diverse range of industrial and technological products across various sectors, including infrastructure, medical technology, and energy. Notably, Indutrade has made significant acquisitions in the medical technology space, such as Cheirón, a Czech Med-Tech company specializing in medical technology products, and Sunflower Medical, a healthcare equipment manufacturer. These transactions highlight Indutrade's commitment to strengthening its position in attractive market segments, which may include dental equipment as part of the broader medical technology landscape.


7. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is an investment management firm founded in 1989, specializing in private equity, real estate, infrastructure, and natural capital investments. Based in Helsinki, Uusimaa, Finland, CapMan serves institutional investors by providing access to diverse investment strategies aimed at achieving sustainable returns. Notably, CapMan has made significant investments in the dental sector, including the acquisition of Oral Hammaslaakarit on June 17, 2014, which highlights their engagement in the dental equipment industry. Additionally, their investment in Swereco, although not explicitly detailed, suggests a broader interest in health-related sectors. CapMan's strategic focus on Nordic markets allows them to leverage their expertise to manage funds effectively and drive value creation for their clients.


8. Investor AB

  • Website: investorab.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1916
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: investor-ab

Investor AB is an investment holding company based in Stockholm, Sweden, founded in 1916. It manages a diverse portfolio of high-quality global companies, focusing on long-term investments and providing strategic support to its portfolio companies. The company is particularly active in the pharmaceuticals, telecommunications, and industrial sectors. Notably, Investor AB has made significant investments in Mölnlycke Health Care, a company that specializes in medical products, including those used in dental care. In 2007, Investor AB acquired Mölnlycke Health Care for an undisclosed amount, and in 2024, it announced a partnership with Morgan Stanley Principal Investments to acquire Mölnlycke Health Care Group AB for an enterprise value of EUR 2.85 billion. This involvement in a company that operates within the dental equipment space highlights Investor AB's relevance in this sector.


9. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. They focus on deep tech innovations and support researchers and entrepreneurs in commercializing their technology through various programs. Their model emphasizes active ownership and investment in startups, helping them scale and succeed in the market. Notably, Chalmers Ventures has been involved in several funding rounds for Promimic, a company specializing in dental implants, raising significant amounts in 2016, 2018, and 2019. This involvement highlights their engagement in the dental equipment sector, alongside their broader investment strategy in deep tech.


10. SEB Kort

  • Website: seb.se
  • Type: Corporate
  • Headquarters: Solna, Stockholm, Sweden
  • Founded year: 1855
  • Headcount: 501-1000
  • Number of deals in 2024: 1
  • LinkedIn: seb-kort

SEB Kort, part of Skandinaviska Enskilda Banken AB (SEB), is a corporate investor based in Solna, Stockholm, Sweden. Founded in 1855, SEB is a prominent financial institution offering a wide range of banking and financial services, including personal and corporate loans, investment management, and insurance products. In recent years, SEB Kort has engaged in various investment activities, including notable transactions in the medtech sector. For instance, in 2015, SEB Kort participated in a funding round for OssDsign AB, a company specializing in craniofacial implants, which are relevant to the dental equipment field. This investment indicates SEB Kort's interest in the medical technology space, which overlaps with dental equipment. Additionally, SEB has been involved in other transactions such as Avidicare AB and Direct Conversion, although these are less directly related to dental equipment. Overall, SEB Kort's investment activities suggest a broader interest in healthcare and medtech, which may include dental equipment.


11. Seb

  • Website: sebgroup.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1856
  • Headcount: 10001+
  • Number of deals in 2024: 13
  • LinkedIn: seb

Skandinaviska Enskilda Banken AB (SEB) is a prominent banking group in Northern Europe, founded in 1856, providing a comprehensive range of financial services including corporate and investment banking, asset management, and private wealth management. SEB serves large corporations, institutional clients, and private individuals, helping them manage their financial assets and navigate investment opportunities. Notably, SEB has participated in significant transactions within the dental equipment sector, including a Series E-K funding round for Sonendo, Inc., which focuses on advanced dental technology. This involvement highlights SEB's commitment to supporting innovation in the dental field, alongside their broader investment activities in various industries.


12. Maki.vc

  • Website: maki.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 11
  • LinkedIn: maki-vc

Maki.vc is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2018. The firm specializes in seed-stage investments in deep tech and brand-driven companies, providing funding and support to early-stage startups to help them navigate growth and innovation challenges. Maki.vc operates primarily in the Nordic region but maintains a global investment mandate. Notably, they led a €5.3 million Series A funding round for K Line Europe, a Düsseldorf-based orthodontics-at-home maker, which highlights their engagement in the dental equipment sector. Additionally, they participated in funding rounds for QDI Systems, a technology company, although this is less relevant to dental equipment. Their investment in K Line Europe demonstrates their potential interest in the dental industry, making them a noteworthy player in this space.


13. Polaris Private Equity


Polaris Private Equity is a private equity firm based in Copenhagen, Denmark, founded in 1998. The firm specializes in investment management, focusing on supporting mid-sized companies in the Nordic region through tailored investment strategies, including private equity, flexible capital, and public equity. Polaris partners with management teams to drive growth and operational improvements, helping these companies realize their full potential. Notably, Polaris has made strategic investments in the dental sector, including the acquisition of Distriktstandvården, a Swedish dental clinic chain, which highlights their commitment to the dental industry. Additionally, they have engaged in other acquisitions, such as Salfarm and Sealing System, showcasing their diverse investment portfolio while maintaining a foothold in the healthcare and dental markets.



Dental Equipment Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Novo HoldingsHellerup, Denmark51-200199945
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
AddLife ABStockholm, Stockholm, Sweden1001-500020163
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Indutrade ABStockholm, Stockholm, Sweden5001-1000019781
CapManHelsinki, Uusimaa, Finland51-20019894
Investor ABStockholm, Stockholm, Sweden51-20019164
Chalmers VenturesSweden11-50201526
SEB KortSolna, Stockholm, Sweden501-100018551
SebStockholm, Stockholm, Sweden10001+185613
Maki.vcHelsinki, Uusimaa, Finland1-10201811
Polaris Private EquityCopenhagen, Denmark51-20019984


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