All Investments Current


Sweden's largest omni-channel retail chain for professional hair care and beauty products

In December 2010 Fidelio Capital acquired Bellbox AB, Sweden’s leading retailer of professional hair care products. In November 2014 Bellbox merged with to form a leading omni-channel retailer within its segment. Lyko is present in all major Swedish cities through its network of 40 stores. Each store is located in attractive retail locations, predominantly in shopping malls, and has its own in-store hairdresser and stylist.

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CEO: Rickard Lyko
Head Office: Stockholm, Sweden
Employees: 290
Acquisition year: 2010
Industry: Retail


AniCura is a leading European provider of high-quality veterinary care for companion animals, originally created by Fidelio Capital in 2011

AniCura offers a wide range of high quality medical services covering preventive and basic health care as well as advanced diagnostics, internal medicine, intensive care, surgery and orthopaedics. AniCura also provides rehabilitation, physiotherapy and dietary advice and offers selected pet food and care products.

AniCura provides modern, high-quality veterinary care for pets at 270 clinics across Europe. Every year, AniCura’s 2,000 veterinarians attend to more than two million companion animal patients.

In June 2018 it was announced that AniCura will be acquired by Mars Petcare, a family-owned and leading veterinary health provider in the U.S.

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CEO: Peter Dahlberg
Head Office: Stockholm, Sweden
Employees: 5,500
Acquisition year: 2011
Divestment year: 2018
Industry: Veterinary care


Leading supplier of healthy and convenient food in the Nordic region

The Greenfood Group is a leading supplier of healthy and convenient food in the Nordic region. The main customers include some of the leading Nordic companies in the food retail, convenience and HoReCa sectors. Greenfood’s offering includes fresh fruit & vegetables, pre-cut and washed products, food salads and other grab’n’go products as well as the salad bar concepts Picadeli and Daily Greens salad bar. The group has sales of approximately SEK 5bn and employs approximately 1,300 people. The group was established in 2015 through a merger of Fidelio Capital’s previous portfolio company Picadeli with STC Greenfood.

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CEO: David von Laskowski
Head Office: Helsingborg, Sweden
Employees: 1,300
Acquisition year: 2012 and 2015
Industry: Healthy food supplier


Specialty pharma company in the companion animal sector created by Fidelio through merger of five separate businesses

Nextmune is today a European leader in allergy diagnostics and allergy treatment of companion animals. The company offers proprietary products under recognised brand names, for example Artuvetrin – the only licensed allergy immunotherapy in Europe. In addition, Nextmune offers a portfolio of specialty nutraceuticals recommended and sold by veterinarians. The company has pro forma revenue of EUR 18 million and the products are sold in close to 80 countries. The company was established through the merger of five separate businesses: ArtuVet (the Netherlands), Alergovet (Spain), Oystershell Animal Health (Belgium), Spectrum Labs (USA) and Dr. Baddaky (Norway).

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CEO: Magnus Kjellberg
Head Office: Stockholm, Sweden
Employees: 90
Acquisition year: 2015
Industry: Specialty pharma in animal health


NN07 is a fast-growing casual clothing company that focuses on the casual premium menswear segment

NN07 is a fast-growing clothing company, with a unique brand, designing and selling branded casual premium menswear, targeting men aged 20-50 years. The company was founded in 2007 and is headquartered in Copenhagen, Denmark. NN07 was acquired by Fidelio in August 2016

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CEO: Tommy Holte
Head Office: Copenhagen, Denmark
Employees: 23
Acquisition year: 2016
Industry: Retail

Indical Bioscience

Leading provider of molecular and immuno-diagnostic solutions developed for veterinary applications

Indical Bioscience is a leading provider of diagnostic products specifically developed for veterinary specific applications.  The company develops and markets diagnostic solutions and products based on PCR (molecular) and ELISA (immunodiagnostic) technology. The products are used by laboratories primarily to indicate and diagnose viruses and bacteria in production animals, to counteract proliferation and contribute to better animal and human health. Indical Bioscience is based in Germany and serves customers in 169 countries through its own sales force and commercial partners

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CEO: Fredrik Ullman
Head office: Leipzig, Germany
Employees: 40
Acquisition year: 2018
Industry: Diagnostics


VetFamily is a leading service provider for independent veterinary clinics in Europe

VetFamily’s main offering is that it serves as a joint platform for independent veterinary clinics where its members are offered (inter alia) improved purchasing contracts, knowledge sharing, marketing and business development. In addition VetFamily has developed VetPlan – a software tool which enables the veterinary clinics to offer pet owners a structured preventive health care plan for its pets for a fixed monthly subscription fee.

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CEO: Mikael Sjögren
Head office: Stockholm, Sweden
Employees: 25
Acquisition year: 2019
Industry: B2B services


Software and service company providing solutions to tenants and boards of housing associations in Sweden

In early 2018, Fidelio laid the foundation for Nabo through the acquisition of four separate companies within housing association management. In a market where innovation historically has been limited, Nabo offers the only fully digital platform specifically developed for housing associations. Through the software platform, Nabo provides digital management services that simplify the association’s daily work.

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CEO: Daniel Larsson
Head Office: Stockholm, Sweden
Employees: 90
Acquisition year: 2018
Industry: Software and services


KYON is a leading provider of veterinary orthopedic implants. The company designs, manufactures and sells implants and instruments for pets across the world

KYON is a leading provider of orthopedic implants to the veterinary market. Since its foundation in 1999, the company has been driving innovation, education and development of the industry. KYON has operations in Zürich, Switzerland, and Boston, USA, and sells its products to vets in over 40 countries.

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CEO: Guy C. Spörri
Head Office: Zürich, Switzerland
Employees: 20
Acquisition year: 2019
Industry: MedTech