Bertel O. Steen Kapital
Private equity unit of the family-owned group; manages the group's industrial investments Bertel O. Steen Group
Also known as Bertel O. Steen Capital, Bertel O. Steen Kapital AS, BOS Kapital
Oslo private equity unit of the Steen family's Bertel O. Steen Group, investing NOK 50–150M in unlisted Norwegian and Nordic SMEs, preferably majority stakes.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- FAMILY
- Steen
- WEALTH ORIGIN
- Bertel O. Steen Group, a Norwegian vehicle import, trading and service group (Mercedes-Benz, Peugeot, Kia and other brands)
- HEADQUARTERS
- Oslo, Norway
- FOUNDED
- 2019
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- GEOGRAPHY
- Europe
- STAGES
- GrowthBuyout
- ROUTES
- Companies (own capital)
- STRATEGIES
- Private equityDirect investments
- TICKET
- NOK 50M–NOK 150M
Overview
Bertel O. Steen Kapital was set up in 2019 as a separate unit of the Bertel O. Steen Group, which the site says has been fully owned by the Steen family for 125 years and is one of Norway's largest trading and service houses, centred on vehicle imports. It manages the group's private equity and industrial investments, including Bertel O. Steen Power Solutions, Bertel O. Steen Defence & Security, Bertel O. Steen Industry, Viking Outdoor Footwear and Omegapoint; Hubro and Ardoq are listed as exits. It reports more than 40 transactions since 2019 (platforms, add-ons and capital raises) and is led by managing partner Haakon H. Jensen, formerly head of Investinor.
Investment thesis
Long-term, active industrial owner in unlisted, mainly Norway-headquartered SMEs with NOK 50–500M revenue and positive EBITDA (exceptions for strong scaling potential) in B2B services, B2B distribution, technology and healthcare; prefers majority stakes but considers minority and club deals; targets consolidation platforms, market leaders, late venture/scale-ups, generational transitions and carve-outs from larger groups.
Holdings & investments (7)
- Viking Outdoor FootwearConsumer & E-commerce · Current
- Bertel O. Steen Defence & SecurityIndustrial & Manufacturing · Current
- Bertel O. Steen Power SolutionsIndustrial & Manufacturing · Current
- OmegapointSoftware & SaaS · Current (initial investment in Itverket, later merged with Omegapoint)
- Bertel O. Steen IndustryIndustrial & Manufacturing · Current
- HubroFintech · Exited
- ArdoqSoftware & SaaS · Exited
People
Frequently asked questions
Bertel O. Steen Kapital is a family holding based in Oslo, Norway, founded in 2019.
Bertel O. Steen Kapital invests on behalf of the Steen family (Bertel O. Steen Group, a Norwegian vehicle import, trading and service group (Mercedes-Benz, Peugeot, Kia and other brands)).
Bertel O. Steen Kapital invests its own capital into companies. Its stated asset mix includes private equity and direct investments.
Bertel O. Steen Kapital invests at Growth and Buyout stages in Industrial & Manufacturing, Software & SaaS and HealthTech.
Bertel O. Steen Kapital's stated ticket size is NOK 50M–NOK 150M.
Key people at Bertel O. Steen Kapital include Haakon H. Jensen (Managing Partner), Kristin Aukrust Solbu (CFO), Magnus Sletnes Naume (Investment Director) and Magnus Naustdal (Investment team).
Bertel O. Steen Kapital's holdings and investments include Viking Outdoor Footwear, Bertel O. Steen Defence & Security, Bertel O. Steen Power Solutions, Omegapoint, Bertel O. Steen Industry, Hubro and Ardoq.
No. Bertel O. Steen Kapital invests its own capital and does not raise money from outside investors.