The furniture manufacturing industry in the Nordics is characterized by a rich tradition of design and craftsmanship. It encompasses a wide range of companies, from large-scale manufacturers to smaller design studios, all focusing on functionality and aesthetics. The sector is currently emphasizing sustainability, innovation, and technology, with an increasing number of brands prioritizing eco-friendly materials and production processes. In recent years, consumer interest in adaptable and personalized furniture has skyrocketed, further driving the growth of custom solutions and versatile designs. This shift points to a promising future, where creativity and sustainability shape the industry.

The investors featured in this list represent a mix of private equity, venture capital, and corporate investment firms based in Sweden, Norway, and their respective headquarters across the Nordics. Founded from 1866 to 2006, these companies vary in size with employee counts ranging from a small group of 11 to over 5,000. In 2024, they collectively engaged in a significant number of deals, witnessing wide-ranging activities within the furniture manufacturing sector. Their financial involvement underscores the prospects and attractiveness of the furniture industry in the Nordic region.

Top 13 Furniture Manufacturing Investors in the Nordics

1. Almi

• Website: almi.se
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 201-500
• Number of deals in 2024: 7
• LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among their notable transactions, Almi has invested in companies relevant to the furniture manufacturing sector, such as Beleco, which raised $1,851,925 in a seed round in 2019, focusing on furniture rental and sales. Additionally, they have invested in Resize Design, which is involved in design and furniture solutions. These investments highlight Almi's engagement in the furniture industry, making them a relevant player in this sector.

2. Verdane

• Website: verdane.com
• Type: Private Equity
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1985
• Headcount: 51-200
• Number of deals in 2024: 7
• LinkedIn: verdane-capital

Verdane is a private equity investment firm based in Oslo, Norway, founded in 1985. The firm specializes in growth equity investments, particularly in technology-enabled companies, and provides capital and hands-on support to help businesses scale. Verdane has been involved in several notable transactions within the furniture manufacturing context, including investments in Hem, a design company known for its modern furniture, and Bemz, which designs custom sofa covers for IKEA products. Additionally, Verdane led a significant funding round for NORNORM, a company that promotes a circular model for office furniture through a subscription service. These investments highlight Verdane's commitment to supporting innovative companies within the furniture industry, alongside their broader focus on digitalization and decarbonization trends.

3. Nobia

• Website: nobia.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1996
• Headcount: 1001-5000
• LinkedIn: nobia-ab

Nobia AB, founded in 1996 and based in Stockholm, Sweden, is a prominent kitchen furniture manufacturer specializing in custom built-in kitchens and related products. The company serves both consumers and businesses, providing comprehensive kitchen design and installation services across several European countries. Nobia has a strong brand portfolio that allows it to deliver high-quality kitchen solutions. Notable transactions include the acquisition of Superfront, a Sweden-based e-retailer specializing in kitchen and storage design, which enhances Nobia's e-commerce capabilities. Additionally, Nobia has acquired several companies in the kitchen sector, such as Novart Oy, Norema AS, and Magnet Ltd, the latter being a significant acquisition valued at approximately 110 million USD, aimed at strengthening its market position. These strategic acquisitions reflect Nobia's commitment to expanding its influence in the kitchen furniture manufacturing industry.

4. 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 based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT acquired HusCompagniet in July 2015, a company known for its contributions to the furniture manufacturing industry. This acquisition highlights EQT's strategic interest in the furniture sector. Additionally, they have been involved in other transactions such as GPA Global and Modern Metal, although these are less directly related to furniture manufacturing. Overall, EQT Group's diverse investment strategy and specific involvement in furniture manufacturing through HusCompagniet position them as a significant player in the industry.

5. 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, including healthcare and technology, while also engaging in the home goods market. Notably, Nordic Capital acquired Jotex, a significant player in the Scandinavian home textile and decoration market, for an enterprise value of €275 million in 2013. This acquisition highlights their interest in the home furnishings sector, which encompasses furniture manufacturing. Additionally, Nordic Capital has a strong focus on creating long-term value and sustainability in its investments, partnering with management teams to drive growth and operational improvements in portfolio companies. Their clients primarily consist of institutional investors seeking sustainable investment opportunities.

6. 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 strong emphasis on operational efficiency and sustainable growth. Notably, Altor has made significant investments in the furniture manufacturing industry, including the acquisition of String Furniture and Photowall as part of their Network of Design initiative. Furthermore, they acquired a majority stake in FH Gruppen AS, a leading manufacturer of holiday homes, which also relates to the broader furniture and home goods market. These transactions highlight Altor's active role in the furniture sector, reinforcing their commitment to enhancing the operational capabilities of their portfolio companies.

7. Indutrade Life Science

• Website: indutrade.se
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1978
• Headcount: 1001-5000
• Number of deals in 2024: 14
• LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company is part of an industrial group that focuses on developing and acquiring companies with high technical expertise across various sectors, including technology and industrial solutions. In 2022, Indutrade acquired Oscar Medtec, a leading supplier of medical refrigerators and examination furniture, which highlights their engagement in the furniture manufacturing sector. Additionally, their acquisition of Winab Vikväggar AB, a Swedish manufacturer of folding partitions, further emphasizes their involvement in furniture-related products. Indutrade operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources, which supports their strategy of long-term relationships with customers.

8. Hilding Anders International AB

• Website: hildinganders.com
• Type: Corporate
• Headquarters: Sweden
• Founded year: 1939
• Headcount: 5001-10000
• LinkedIn: hilding-anders-international-ab

Hilding Anders International AB is a corporate investor based in Sweden, founded in 1939, and specializes in the manufacturing of sleep products, including beds, mattresses, and sleep accessories. With a strong presence in over 40 countries, Hilding Anders leverages its extensive experience and product testing to cater to diverse customer needs. The company has been actively involved in the furniture manufacturing sector through several significant acquisitions. Notable transactions include the acquisition of Feather & Black for £6.5 million in 2018, which included various assets and saved numerous jobs. In 2013, they acquired the luxury mattress brand Carpe Diem Beds of Sweden, further enhancing their portfolio in the bedding market. Other acquisitions include Askona in 2010, Myer’s in 2007, and Eastborn in 2007, all of which have strengthened Hilding Anders' position in the European and Benelux markets. These strategic moves highlight their commitment to expanding their influence in the furniture manufacturing industry, particularly in the bedding segment.

9. Accent Equity

• Website: accentequity.se
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn: accent-equity-partners-ab

Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment. Accent Equity aims to create sustainable growth and superior returns for its clients across various sectors. Notably, they have made significant investments in companies relevant to the furniture manufacturing industry, including the acquisition of Götessons, a company that specializes in office furniture solutions, and Belid, which is involved in lighting solutions that complement furniture design. These transactions highlight Accent Equity's engagement in the furniture and interior design sectors, showcasing their expertise in investment management within this context.

10. Procuritas

• Website: procuritas.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1986
• Headcount: 11-50
• LinkedIn: procuritas-ab

Procuritas is a private equity investment firm based in Stockholm, Sweden, founded in 1986. The firm specializes in private equity and growth capital investments, partnering with entrepreneurs and business owners to provide capital and strategic guidance aimed at achieving market leadership. Procuritas has a diverse portfolio that includes investments across various industries, such as e-commerce and healthcare. Notably, they have made significant acquisitions in the furniture manufacturing sector, including Scandinavian Designs and Sofakompagniet ApS in April 2017, which highlight their commitment to this industry. Additionally, they acquired Zone Company Denmark A/S, which operates in the interior products market, further emphasizing their engagement in furniture-related businesses. These transactions reflect Procuritas's strategy of fostering long-term growth in companies within the furniture manufacturing space.

11. Bygghemma

• Website: bygghemma.se
• Type: Corporate
• Headquarters: Sweden
• Founded year: 2006
• Headcount: 201-500
• LinkedIn: bygghemma

Bygghemma Sverige AB is a corporate investor based in Sweden, founded in 2006, specializing in e-commerce for construction, home improvement, and gardening products. The company operates an extensive online store that caters to consumers engaged in DIY projects and home renovations, offering a wide range of items, including building materials, tools, and home furnishings. Bygghemma has actively expanded its portfolio through several acquisitions in the home furnishings sector, including the acquisition of WeGot, a home furnishing specialist, in November 2017, and Gartenmöbel Company in September 2021. These strategic acquisitions enhance Bygghemma's competitive position in the market and demonstrate their commitment to the furniture segment, making them a notable player in the furniture manufacturing landscape.

12. 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. It is a technology and industrial group that develops and acquires companies characterized by high technical expertise, operating through over 200 subsidiaries. Indutrade provides a range of industrial and technological products across various sectors, including infrastructure, medical technology, and energy. Notably, in December 2021, Indutrade acquired Svenssons i Tenhult AB, a company specializing in locks and fittings for OEM customers, which may serve the furniture manufacturing industry. This acquisition highlights Indutrade's strategy of expanding its portfolio to include companies that can enhance its offerings in related sectors. Additionally, Indutrade has made other acquisitions, such as Sax Lift A/S, which manufactures scissor lift tables, and Uniska AG, a supplier of glass system partition walls, showcasing its diverse investment approach while still maintaining relevance to the furniture sector through specific transactions.

13. Litorina

• Website: litorina.se
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1998
• Headcount: 11-50
• LinkedIn: litorina

Litorina is a private equity investment firm based in Stockholm, Sweden, founded in 1998. The firm specializes in private equity investments in Nordic niche market-leading companies, focusing on well-managed, profitable businesses in the business services and consumer sectors. Litorina partners with management teams and entrepreneurs to provide capital, strategic guidance, and operational support to drive growth and value creation. Notably, Litorina has made significant investments in the furniture sector, including the acquisition of KungSängen in December 2015, which is a prominent player in the mattress and bedding market. Additionally, they acquired LGT Logistics in March 2015, a leading Nordic player in furniture logistics, indicating their involvement in the supply chain aspect of the furniture industry. These transactions highlight Litorina's commitment to supporting companies within the furniture manufacturing and related sectors.

Furniture Manufacturing Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Almi	Stockholm, Stockholm, Sweden	201-500	1994	7
Verdane	Oslo, Oslo, Norway	51-200	1985	7
Nobia	Stockholm, Stockholm, Sweden	1001-5000	1996	0
EQT Group	Stockholm, Stockholm, Sweden	1001-5000	1994	30
Nordic Capital	Stockholm, Stockholm, Sweden	201-500	1989	10
Altor Equity Partners	Stockholm, Stockholm, Sweden	51-200	2003	6
Indutrade Life Science	Stockholm, Stockholm, Sweden	1001-5000	1978	14
Hilding Anders International AB	Sweden	5001-10000	1939	0
Accent Equity	Stockholm, Stockholm, Sweden	11-50	1994	4
Procuritas	Stockholm, Stockholm, Sweden	11-50	1986	0
Bygghemma	Sweden	201-500	2006	0
Indutrade AB	Stockholm, Stockholm, Sweden	5001-10000	1978	1
Litorina	Stockholm, Stockholm, Sweden	11-50	1998	0

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