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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

Summa convened its portfolio CEOs for a CEO Learning Journey at Harvard in Cambridge. The event aimed to offer insightful content, strengthen community and peer learning, and provide practical tools for effective leadership.

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2 min read

At Summa, we believe that great leadership and future-proof strategies are essential for solving global challenges. That is why we invest in initiatives like this—equipping leaders with insights and tools to create meaningful change.

Read further to learn the key takeaways from the lineup of experts joining the event:

Professor Hitendra Wadhwa

Professor Hitendra Wadhwa (The Mentora Institute & Columbia Business School) led an engaging session on changemaking leadership, where CEOs practiced actionable techniques in real time.

  • Storytelling is powerful—everyone has impactful stories to share.
  • Leaders should strive for commitment, not compliance.
  • Leadership behaviors can be trained—and AI may soon play a role!

George Serafeim

Professor George Serafeim (Harvard Business School) challenged the group to rethink opportunities and unlock new markets.

  • What some see as risks, others see as opportunities.
  • A strong purpose helps leaders navigate and overcome failures.
  • Think “market development” rather than just product development or sales.

Professor Linda Hill

Professor Linda Hill (Harvard Business School) wrapped up the event with an insightful discussion on executing innovation at scale.

  • She shared stories of transformational leadership from MasterCard, Pfizer, and others.
  • Leadership behaviors that drive successful change can be cultivated.

Held at the Harvard Faculty Club, experienced coaches supported the CEOs—many of them successful operators—who will continue to guide them beyond the event. Summa Partners also joined, reinforcing our commitment to leadership, value creation, and purpose—all at the heart of Summa’s mission.

Thank you to:

  • Our CEOs for their engagement
  • The professors for their inspiring expertise
  • The coaches for their invaluable guidance
  • The Summa leadership team for making this journey possible

This event provided a meaningful peer-learning opportunity that will continue to support the development of our leaders and their impact.

Best,
Stephanie Caspar, Partner, Head of Portfolio & Via Summa &
Carine Beer, Chief People Officer to Via Summa

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  4. Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

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-3 min read

January 2nd, 2025, Stockholm: The myneva Group, a leading European software provider in the social sector aquired by Summa Equity in 2021, announces the successful acquisition of DM EDV GmbH from ARZ Haan AG.

With this acquisition, the Germany-based myneva Group continues its successful series of ten acquisitions. It will acquire the entire DM EDV GmbH, including all 65 employees and over 1,500 customers who will now become part of the myneva family.

This acquisition marks another milestone in myneva Group’s growth strategy, further solidifying its position as the leading European provider of software solutions for the social sector. DM EDV complements myneva Group’s existing product portfolio with its proven DM7 software solution. DM7 is known for its strong focus on telematics infrastructure integration and supports small and medium-sized organizations in both residential and ambulatory care.

I am impressed by the strong development of myneva under the leadership of CEO Dieter Weisshaar. With this strategic acquisition, the company further strengthens its market position as a leading software provider in the European social care sector, therewith helping to address the many pressing challenges the care sector faces.

Matthias Fink, Partner at Summa

The integration of DM7 into the myneva Care Platform is expected to be completed by 2025. DM EDV customers can look forward to an expanded product offering and state-of-the-art technologies, including AI-driven applications and mobile solutions, while continuing to use their familiar software.

The acquisition of DM EDV represents a pivotal milestone in myneva Group’s growth strategy, increasing the number of supported institutions to approximately 6,000.

myneva and DM EDV are an excellent match in every aspect – from customer base to technology and culture. By integrating DM EDV, we not only expand our portfolio but also enhance our ability to drive digital innovations that transform the social sector sustainably. Our goal is to provide the best technological solutions to our customers, regardless of their size, and significantly improve the daily routines in care

Dieter Weisshaar, CEO, myneva Group

For DM EDV customers, this integration brings significant value. In addition to an expanded product range and enhanced features, they will benefit from myneva’s comprehensive expertise in digitalization, cybersecurity and artificial intelligence. The approximately 65 DM EDV employees will also be fully integrated into the growth-oriented organization.

Sascha Platen, who will take on the role of Head of DM Care within myneva Group, comments:

The integration into the myneva Group opens new opportunities for us and our customers to leverage innovative technologies and sustainably improve care processes. We are especially proud that DM7, with its focus on telematics infrastructure, will become part of a comprehensive European platform.

Stephan Pleye, former Managing Director of DM EDV, will remain with ARZ Haan AG at his own request.

The myneva Group is distinguished by its ability to quickly transfer innovations from various European countries to new markets. By integrating the best digital technologies and collaborating closely with its customers, the Group continues to drive the digitalization of the social sector.

Our platform strategy allows us to seamlessly integrate the products and solutions of DM EDV, creating real value for both myneva and DM EDV customers. We are excited to welcome the DM EDV community to the myneva family and to shape the future of the social sector together.

Dieter Weisshaar, CEO, myneva Group

About the myneva Group

The myneva Group is one of the leading European software providers in the social sector with a clear focus on digitalization and innovation. Headquartered in Essen and with over 300 employees at 16 locations, myneva serves a broad customer base of more than 4,800 institutions and 1.5 million clients in eight European countries.

Driven by strong values such as trust, appreciation and responsibility, myneva covers all areas of social services – from elderly care and integration assistance to child and youth welfare and social assistance – and reflects its commitment to improving care and opening up new perspectives in social services through user-friendly software solutions and the close involvement of its stakeholders.

www.myneva.eu 

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has raised c. EUR 4 billion and made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Summa earned its certified B Corporation status in 2021, joining a growing group of companies reinventing business by pursuing purpose and profit.

www.summaequity.com    

 

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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Latest readings

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

Read more

Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

Read more

Measuring what matters: How impact accounting redefines sustainability measurement

Read more

Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

Read more

Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

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Summa Summit and 2024 Annual Investor Meeting

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  4. Measuring what matters: How impact accounting redefines sustainability measurement

Measuring what matters: How impact accounting redefines sustainability measurement

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Key concepts of impact accounting

Summa’s journey on impact accounting

At Summa, we believe investments can provide new and innovative solutions for a more future-proof world. We invest to solve global challenges. To further align our portfolio with this mission, we started applying impact accounting in our annual reporting process in 2019. This approach ensures we continue to look at investments based on risk, return and impact.

Our journey began with the Impact-Weighted Accounts (IWA) project at Harvard Business School in 2019. We started with a pilot project to demonstrate the usefulness of measuring climate and employment impacts in monetary terms for a select number of companies in our portfolio. Building on this foundation, we now use impact accounting to measure climate and employment impacts for all our portfolio companies. The below is an example of climate and employment IWA for Summa’s portfolio company NG Group for 2023.

 

 

We also did two pilots on consumer impact for portfolio companies Milarex and Pagero together with researchers from Harvard Business School.

When the IWA research project at Harvard Business School came to an end in 2021, the International Foundation for Valuing Impact (IFVI) was established as an independent non-profit organization to further advance standardization of impact accounting. Since its launch in 2022, IFVI continues to build on the results of the IWA project and lead the development of standardized impact accounting practices. Summa has partnered with them to advance the field of impact accounting and pilot methodology updates as they become available, recognizing the importance of standardization when it comes to impact accounting.

We were interested in continuing our work on impact accounting and expanded the practice further across our portfolio in 2024. To support this effort, Summa engaged the consultant Valuing Impact to apply impact valuation across more aspects of our portfolio companies, recognizing their expertise in implementing these practices. We also employed Valuing Impact’s methodologies where specific impact methodologies have not yet been developed by IFVI. Valuing Impact remains a valuable partner in helping us make our impact data actionable both for us as investors and for our portfolio companies. They support us in applying impact valuation more widely across our portfolio, which means we can drive better outcomes for all stakeholders. So far, we have done pilots for portfolio companies Oda, Axion and Logpoint, one from each thematic investment area resource efficiency, changing demographics and tech-enabled transformation.

This journey reflects our commitment to transparency and sustainability, ensuring that both financial and impact performance are key to assessing the value of our investments. Through impact accounting, we can more effectively measure and manage what truly matters and address the world’s challenges to make it a better place.

Taking a step back, let us bring some clarity on the different terms that are key in impact accounting, such as impact valuation, reference scenarios and impact pathways.

What is impact accounting vs impact-weighted accounts?

Impact-weighted accounts was the term previously used for impact accounting during the proof-of-concept testing at the IWA project at Harvard Business School. During its existence IWA made groundbreaking strides in advancing the idea of financial accounts that reflect a company’s financial, social and environmental performance. By 2021, it had achieved proof of concept for impact accounting, demonstrating both feasibility and value, with more than 20 papers, two dozen pilots and four published datasets displaying monetized impact figures for over 6,000 companies.

With this validation of its work, most significantly in the call to action from the G7 Impact Taskforce for “mandatory accounting for impact as a destination,” the time was right to scale the work of translating company impacts into currency.

A name-change in 2022 to impact accounting was completed based on stakeholder feedback. The impact-weighted accounts terminology often led to the false assumption that impact accounting was being designed to replace financial accounting, as opposed to supplement it. The terminology change helped clarify the intended separation between financial accounting and impact accounting. These are parallel systems that can be intertwined but are not meant to replace one another.

Impact accounting describes a system similar to financial accounting. It measures and values the impacts of corporate entities, generating impact information to inform decisions about an entity’s effects on sustainability. This is the same concept as impact-weighted accounts; the changes was purely in terminology, not in meaning.

How is impact accounting related to impact valuation?

  • Impact accounting

     

    As outlined in IFVI’s General Methodology, impact accounting is the “system for measuring and valuing the impacts of corporate entities and generating impact information to inform decisions related to an entity’s effects on sustainability”. It focuses on generating impact information that reflects the effects of an entity not captured in financial accounting. Impact accounting emphasizes consistent and comparable metrics that translate these non-financial impacts into monetary terms, much like traditional financial accounting translates business transactions. It is designed to integrate with existing financial reporting systems, providing a holistic view of performance based on risk, return and impact. Impact accounting makes impact data accessible, actionable and comparable for real-time decision-making.

     

  • Impact valuation

     

    While impact accounting is the system for measuring and recording the impact data, impact valuation refers to a specific step in the process of preparing impact accounts. Specifically, the step of valuing an impact in monetary terms. Valuation involves assigning a specific financial value to an impact that has already been identified and measured. Impact valuation is a critical step within the broader process of impact accounting, with valuation serving to quantify the significance of the impacts recorded. Impact valuation can also be used to assess business risks related to the impact drivers used to measure societal value. This falls outside the definition of impact accounting, as impact valuation can also cover financial impact in parallel to non-financial impacts.

     

In summary:

1. Impact accounting captures and records non-financial impacts systematically.

2. Impact valuation assigns financial value to those recorded impacts. It is a step in the process of creating impact accounts, and sometimes also takes into account the risk perspective.

What are reference scenarios?

The methodologies developed by IFVI are intended to provide a baseline for the preparation of impact accounts. The IFVI methodologies guide companies to take a systematic approach to measuring positive and negative impacts that a company and their value chain generate by using a “zero-reference scenario”, which measures absolute impact of an entity. In other words, it assumes none of the measured impacts would occur in the absence of the company’s actions.

IFVI’s methodology suggests that comparing actual impacts against this baseline enables a clearer understanding of the net effects of a company’s operations as it reduces estimation errors by eliminating assumptions that changes would occur even without the company’s intervention.

Despite this reference scenario, there will be use cases where different reference scenarios need to be used. For example, to utilize impact measurement to assess the additionality of investments, or the difference in the impacts of a specific investment compared to an investment in the standard market alternative. In such cases, the reference scenario is the impact of an investment in the standard market alternative, as opposed to zero. In both cases, the transparency around reference scenarios is key.

What is an impact pathway?

The elements of an impact pathway overlap with the elements of the theory of change framework and are typically modelled as follows:

When making the impact valuation exercise, the reference scenario comes into play. Regardless of which type of reference scenario chosen, it refers to the activity to which we compare the company’s activities (the so-called counterfactual) and which in the end leads to the change in outcomes or impact:

Why is impact accounting necessary?

Impact accounting brings practicality to the complex world of corporate sustainability disclosure. Translating environmental and social impact to the language of currency makes information about impact accessible, actionable and comparable. Once impact is monetized, it can be measured and managed strategically, using the same infrastructure that already exists for financial management.

Together, financial reporting and impact accounting lay the foundation for a comprehensive assessment of an entity’s performance. Companies, investors, regulators, policymakers, employees and consumers can then make better decisions for people and the planet.

Why is impact accounting needed if companies are already reporting on sustainability?

Over the years, there has been a significant development in the number of companies reporting on sustainability topics. While this development was aimed at meeting expectations from investors, companies and their stakeholders, it has also been limited. Current metrics are difficult to understand and compare, as they are often presented in highly technical and idiosyncratic units of measurement. For example, comparing an organization’s Total Recordable Injury Rates, which measures employee injury rates, with the tons of CO2e (or carbon dioxide equivalents) it emits is difficult to do. They also frequently measure inputs and activities of a business, rather than actual impacts and outcomes, which further limits their potential to drive meaningful change.

Why should investors adopt impact accounting?

Why is impact accounting needed if companies are already reporting on sustainability?

Investors can leverage the data provided from companies in their portfolio to understand the risks, opportunities and impacts across their portfolio, to identify future investment and engagement opportunities. It enables the measurement of outcomes instead of activities and outputs. Some of the use cases for investors include:

  • Fruitful engagement with portfolio companies: By embarking on a journey together to monetize the impacts of a portfolio company, the investor and company teams can gain a deeper understanding for the impacts and identify collaboration opportunities.
  • Improved decision-making: Assessing and comparing total social value of companies can inform due diligence and investment decisions – an opportunity to monetize the theories of change that Summa develops for each subtheme.
  • Greater portfolio-level visibility: Increased transparency around potential risks and opportunities to enterprise value and understanding of their nature and magnitude.
  • Enhanced portfolio comparison: Greater comparability across companies and better understanding of the total social value created and/or destroyed across a portfolio.

Please reach out to our impact team if you want to learn more: impact@summaequity.com or sign up for our newsletter to get updates directly in your inbox.

Who is IFVI?

The International Foundation for Valuing Impacts (IFVI) is an independent nonprofit bridging the gap between financial accounting and impact measurement. IFVI works to create a just and sustainable economic system built on the full contribution of business to people and the planet. Their mission is to build and scale the practice of impact accounting to promote decision-making based on risk, return, and impact. IFVI grew out of the Impact-Weighted Accounts (IWA) Project at Harvard Business School and was established as an independent non-profit organization in July 2022.

This article is informed by methodologies from the Impact-Weighted Accounts project at Harvard Business School, the International Foundation for Valuing Impacts (IFVI) and the Value Balancing Alliance (VBA), and Valuing Impact.

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

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Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

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Measuring what matters: How impact accounting redefines sustainability measurement

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Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

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  4. Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

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-3 min read

December 2nd, 2024, Stockholm:  Impact investment firm Summa Equity today announces the completion of its acquisition of Fortum Recycling & Waste through NG Group. This transaction aims to establish the Nordic leader in the circular economy by combining the strengths of both entities.

By managing all waste streams, especially hazardous waste, the companies provide an essential service to the population by converting these waste streams into valuable resources for the circular economy. The combined entity will have a total revenue of approximately EUR 1.2 billion. Together, they will employ approximately 3,500 people, handle over 4.4 million tons of waste annually and operate across the Nordics.

The Circular Revolution is a trillion-dollar opportunity hiding in plain sight. There is a clear path towards EU circular markets potentially becoming worth EUR 1.5 trillion by 2040, saving 650 Mt CO2e annually and creating hundreds of thousands of jobs. By combining Summa’s NG Group with Fortum Recycling & Waste business, we are creating a Nordic leader aligned with EU Taxonomy.

Reynir Indahl, Founder and Managing Partner at Summa

Fortum Recycling & Waste recently stunned the industry by successfully creating the world’s first biodegradable plastic produced from CO2 emissions. By joining forces with NG Group, we are uniting our strengths to become a vital component of the Nordic industrial infrastructure. Waste-to-resources will be one of the most attractive investment opportunities in private equity over the next ten years.

Bertrand Camus, Partner at Summa and Chairman of the Board, NG Group

Bjørn Arve Ofstad appointed as Group CEO of the combined company

With the completion of the transaction, Summa is pleased to announce the appointment of Bjørn Arve Ofstad as the new Group CEO of the combined company. Ofstad currently serves as Group CEO of NG Group, bringing extensive experience in leadership and deep industry expertise, backed by a proven track record of success.

Together, we will become 3,500 colleagues providing tailored, innovative solutions across the entire value chain, adding value at every step. A leading Nordic provider of circular solutions and environmental services, helping customers decarbonize, achieve recycling targets, protect nature and remain competitive. Fortum Recycling & Waste’s strong company culture and expertise in hazardous waste management align well with NG Group. Additionally, the majority of its revenue aligns with the EU Taxonomy, highlighting their strong commitment to sustainability.

Bjørn Arve Ofstad, Group CEO at NG Group

Summa announced the transaction in July and today, after meeting the customary closing conditions, the transaction has been completed. The total consideration on a debt- and cash-free basis is approximately EUR 800 million.

The acquisition of Fortum Recycling and Waste was made through the EUR 2.3bn Summa Equity Fund III, Summa Circular, along with co-investors and fits within Summa’s Resource Efficiency strategy. It aligns with UN Sustainable Development Goal #9 and #12, reflecting responsible consumption and production by enabling the transition to a waste-free and circular Europe where we maximize the value of materials.

About Fortum Recycling & Waste

Fortum Recycling & Waste is Rethinking Recycling and leading the way towards revolution of materials. Solving problems is in our DNA and our mission is to transform waste streams back to essential raw materials. Our role is to find solutions for our customers’ environmental and waste challenges to enable circularity of materials.

Fortum Recycling & Waste operates in the Nordics, offering environmentally friendly waste management and safe hazardous waste treatment. Additionally, we provide recycling services for materials – including solutions for plastics, metals, as well as ash and slag residues. We employ approximately 900 people.

www.rw.fortum.com

About NG Group

NG Group is a leading Nordic provider of circular solutions and environmental services. NG Group addresses a global challenge, turning waste into valuable resources, contributing to cutting greenhouse gas emissions and preventing resource scarcity, and reducing pressure on nature.

NG Group has 2,500 employees, handles over 2.3 million tonnes of waste and is present with sites in Norway, Sweden, Denmark and Poland.

www.nggroup.no

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Summa earned its certified B Corporation status in 2021, joining a growing group of companies reinventing business by pursuing purpose and profit.

www.summaequity.com    

 

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

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Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

Read more

Measuring what matters: How impact accounting redefines sustainability measurement

Read more

Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

Read more

Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

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Summa Summit and 2024 Annual Investor Meeting

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  4. Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

Summa Equity portfolio company Sengenics is acquired by Standard BioTools

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November 21, 2024, Stockholm: Impact investment firm Summa Equity (“Summa”) today announced the acquisition of Sengenics Corporation Pte Ltd (“Sengenics”) by Standard BioTools Inc. (Nasdaq: LAB).

Sengenics’ technology has opened new avenues in biomedical research, and it’s been rewarding to support its journey as a part of our Changing Demographics strategy. Integrating Sengenics’ antibody profiling with the SomaScan platform holds strong potential for advancing disease research globally. With Standard BioTools’ expertise in scaling and commercializing products, the combination will enable biomedical researchers to develop the next generation of medicines in a faster, more efficient manner.

Christoph Waer, Partner in Summa

Sengenics is a functional proteomics company enabling the detection of autoantibody biomarkers and protein interactions. Founded in 2008, the innovative immunoproteomics company leverages its KREXTM protein-folding technology to enable precise antibody profiling. The core technology is utilized across a variety of offerings, including the flagship i-OMETM Discovery platform which boasts a library of 1800+ curated disease relevant auto-antibody targets.

Standard BioTools delivers leading solutions that enable researchers to discover unique biological insights. The San Francisco based company focuses on advancing drug development and patient care through collaboration with leading research institutions in areas like oncology and immunology.

Standard BioTools has been empowering pharmaceutical companies and leading research institutions to enhance disease understanding and accelerate biomarker discovery. By integrating Sengenics’ KREXTM precision antibody profiling, its proteomics offering will be further strengthened.

About Standard BioTools Inc.

Standard BioTools Inc. (Nasdaq:LAB), the parent company of SomaLogic Inc. and previously known as Fluidigm Corporation, has an established portfolio of essential, standardized next-generation technologies that help biomedical researchers develop medicines faster and better. As a leading solutions provider, the company provides reliable and repeatable insights in health and disease using its proprietary mass cytometry and microfluidics technologies, which help transform scientific discoveries into better patient outcomes. Standard BioTools works with leading academic, government, pharmaceutical, biotechnology, plant and animal research and clinical laboratories worldwide, focusing on the most pressing needs in translational and clinical research, including oncology, immunology and immunotherapy. Learn more at standardbio.com or connect with us on X, Facebook®, LinkedIn, and YouTube™.

https://www.standardbio.com/

About Sengenics

Sengenics is a Functional Proteomics company that leverages its patented KREX technology to discover autoantibody biomarker signatures for prediction of drug response and severe immune-related adverse events (irAEs). KREX can also be used to identify autoantibody biomarkers that may be used to diagnose cancer, autoimmune, neurodegenerative or infectious diseases with higher sensitivity and specificity than conventional diagnostic tests. Some autoantibodies that are identified as diagnostic biomarkers may be protective and have potential in themselves as therapeutic biomolecules.

https://www.sengenics.com/

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Summa earned its certified B Corporation status in 2021, joining a growing group of companies reinventing business by pursuing purpose and profit.

www.summaequity.com

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

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Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

Read more

Measuring what matters: How impact accounting redefines sustainability measurement

Read more

Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

Read more

Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

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Summa Summit and 2024 Annual Investor Meeting

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  4. Summa Summit and 2024 Annual Investor Meeting

Summa Summit and 2024 Annual Investor Meeting

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3 min read

Summa Equity (“Summa”) hosted its first annual Summa Summit focused on translating global challenges to investment opportunities.

The screens and projectors of Artipelag art center’s Immersive Von Gogh exhibition was refitted to create the visual backdrop for a day dedicated to translating global challenges to investment opportunities in the Stockholm archipelago.

Co-host of the Prof G Markets podcast Ed Elson presented in his research on Generation Z, the first generation to be “Born Online” and who have been influenced by climate change, covid, polarization, Black Life Matters, metoo, wars and a shifting financial landscape.

Ed was joined by two prominent global voices from the younger generation, climate activist Penelope Lea and gender activist Trisha Shetty before sitting down with Summa’s Founder and Managing Partner, Reynir Indahl and Investment Director Johan Pietilä Holmner to discuss how Gen Z will affect the world going forward. 

Stockholm Resilience Centre’s Lisen Schultz and professors Albert Nordström and Carl Folke outlined the urgency and magnitude of the environmental challenges testing the planetary boundaries and the interdependence of the Earth’s biosphere with human society. 

Unilever Hall of Famer and honorary Summate Paul Polman broke down how giant companies also can create sustainable and profitable solutions. We were introduced to Earth Systems Impact Metrics (how to try to measure the full impact of corporations on the planet and its people), and Summa’s Impact Director Emelie Norling shared how her team is integrating this framework within Summa’s portfolio companies.

Christina Friborg, Executive Vice President and Head of Sustainability at SSAB, one of the world’s largest steel companies founded in 1978, detailed how they are leading the charge towards fossil free steel. 

Professor George Serafeim from Harvard Business School did a lecture on the business opportunities of climate transition before Professor Hitendra Wadhwa from Columbia Business School and Founder of Mentora taught us to build a foundation on the inside in order to execute great leadership on the outside. 

Serial health entrepreneur Chris Wigley explained how technology could drive huge improvements in the health care sector if it not facing a world of bureaucratic quicksand. The baton was passed to Professor Mathias Uhlén of KTH Royal Institute of Technology, who showed us the future of precision medicine – tailor made health care and medicine. Jon Heimer, CEO of Olink, explained how they work to redesign healthcare into more custom solutions for the patients and a more refined understanding of diseases. 

Then Rachel Vatnsdal – a Senior Equity Research Analyst at J.P. Morgan – translated the health industry to numbers and trends from an investor perspective.

Reynir Indahl did the closing remarks on a day dedicated to translating problems to possibilities, and to realizing so many of the solutions are already here. 

Summa Summit and 2024 Annual Investor Meeting

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

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Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

Read more

Measuring what matters: How impact accounting redefines sustainability measurement

Read more

Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

Read more

Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

Read more

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  4. Summa Equity invests in EA Technology to accelerate the energy transition through a smarter grid

Summa Equity invests in EA Technology to accelerate the energy transition through a smarter grid

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October 14th, 2024, Stockholm: Impact investment firm Summa Equity (“Summa”) today announces its investment in EA Technology (“EA”), partnering with selling management and employee shareholders. EA is a leading solutions provider for monitoring and management of electricity grids and assets, headquartered in the UK.

Founded in 1966, EA Technology has for decades been a pioneer within research, development and innovation in the UK electricity industry. The Company’s industry-leading product suite of smart grid hardware, software and services today serves a global customer base across five regional offices, with a mission to promote the development of decarbonized, resilient, accessible and low-cost energy networks.

Transitioning from a fossil fuel-based system to renewables presents a significant challenge to today’s electricity grids, driven by rapidly increasing electricity demand, intermittency and multi-directional flows. Solving these challenges is essential to achieve energy decarbonization and presents a multi-generational investment opportunity to upgrade and modernize grid infrastructure. By partnering with EA, we aim to accelerate the roll-out of EA’s industry-leading smart grid technology in the UK and internationally, accelerating the transition to a cleaner, more sustainable energy future.

Gisle Glück Evensen, Partner at Summa

Under the company’s existing leadership, EA has experienced significant growth reaching GBP 48m in annual revenue in 2023 with ~300 full time employees. The company is well-positioned in several markets through its leading product portfolio, industrial know-how and unique cross-disciplinary competence. Through Summa’s investment, EA will be able to enhance its capabilities and accelerate the delivery of its products and solutions to the market on a larger, global scale.

Our partnership with Summa will help us scale and enhance our offerings, ensuring we remain at the forefront of smart grid technologies. This investment aligns perfectly with our mission to support the energy transition and drive innovation in the sector.

Robert Davis, Chairman and CEO at EA Technology

Investing from its EUR 2.3bn Summa Equity Fund III, the investment leverages Summa’s established history of enhancing portfolio companies’ strategies for value creation, aiming to drive sustainable growth and address critical global issues.

The acquisition of EA Technology aligns with UN Sustainable Development Goal (“SDG”) #7 through providing solutions that ensure affordable, reliable and modern energy services, and SDG #9 through increasing the resilience of grid infrastructure.

About EA Technology

Founded in 1966, EA Technology is a global leader in asset management and monitoring solutions for electrical networks and assets. Headquartered in the UK, the Company provides innovative products, software and services to electricity generation, transmission, and distribution companies, as well as major power plant owners. EA Technology is committed to building safer, stronger, and smarter energy networks, supporting the transition to low-cost, resilient, and decarbonized energy systems. With expertise in preventing outages, optimizing network operations, and extending asset life, EA Technology helps its clients make smarter investment decisions and future-proof their energy infrastructure.

www.eatechnology.com

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

www.summaequity.com

 

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

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  4. Investing in sustainable aquaculture for a resilient food system

Investing in sustainable aquaculture for a resilient food system

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Stockholm, October 7th – A report published today by Summa Equity (“Summa”), as a part of its food system transformation series, identifies the future state of salmon aquaculture could yield EUR 1bn in savings, close half of the anticipated feed gap, and cut CO2 emission by two-thirds.

Aquaculture, or the farming of aquatic plants and animals, plays a vital role in addressing the growing global demand for sustainable protein sources.

This report explores the opportunities and challenges within the aquaculture sector, particularly the farming of salmon. It focuses on sustainable practices that align with ecological boundaries and the broader goals of the global food system.

Current aquaculture practices face sustainability challenges, such as habitat destruction, unsustainable feed sourcing and the management of pathogens and parasites. Despite these challenges, innovative solutions and technologies are emerging, including closed-loop systems, land-based farming and alternative feed ingredients. These innovations not only address environmental concerns but also offer compelling investment opportunities, particularly in the farmed salmon sector, which has grown significantly due to its efficiency and lower resource intensity compared to other protein sources.

Summa’s investment strategy aligns with these opportunities, targeting areas such as land-based and closed-pen farming, preventative measures to improve fish health and alternative feed ingredients. Investments in Nofitech and STIM exemplify commitment to supporting sustainable aquaculture practices that enhance both industry profitability and environmental responsibility.

As the aquaculture industry evolves, a systems-based approach that anticipates and adapts to emerging challenges will be essential. Summa is well-positioned to lead in this transformation, ensuring that aquaculture contributes to a more sustainable and resilient global food system.

Are you interested in learning more? Download the full report via the button below.

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

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Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

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Measuring what matters: How impact accounting redefines sustainability measurement

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Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

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Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

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  4. Summa Equity acquires NetGuardians to create next generation financial crime solution

Summa Equity acquires NetGuardians to create next generation financial crime solution

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September 26th, 2024, Stockholm: Summa Equity (“Summa”), a Stockholm-based private equity firm that invests in companies solving global challenges, has acquired NetGuardians, a Swiss-based pioneer in AI-driven fraud prevention and anti-money laundering (AML) solutions. This opens an opportunity for a collaboration between NetGuardians and Intix, another Summa portfolio company specializing in Know Your Transaction (KYT) data management. The new group is poised to advance the financial security landscape by driving the development of next generation financial crime solutions.

NetGuardians, a Swiss-based leader at the forefront of AI-driven fraud prevention and anti-money laundering (AML) solutions, has earned widespread recognition for its pioneering approach, underpinned by its proprietary 3D AI technology. This cutting-edge technology combines unsupervised, supervised and active learning with community scoring intelligence to create a flawless financial crime prevention system, thereby enabling the protection of individuals and businesses, maintaining trust and economic stability, and the promotion of fairness in society. By analysing user behaviour and identifying unusual payment transactions in real-time, NetGuardians’ solutions significantly reduce false positives and ensure legitimate transactions are processed smoothly. Serving over 100 customers across 30 countries, NetGuardians’ innovative solutions continue to set new standards in the industry.

As a result of its innovation, NetGuardians has emerged as Switzerland’s leading banking fraud prevention provider and over the past three years, the company has consistently delivered extraordinary year-on-year growth solidifying its leadership in the industry. Alongside this, Intix, which was acquired by Summa in 2022 continues to lead the field of transaction data management. The company’s platform offers real-time access to payment and transaction data and has become a cornerstone for the KYT concept helping clients navigate the growing complexities of financial data management and analysis.

Building on this foundation, the synergy between NetGuardians’ state-of-the-art fraud detection technology and Intix’s advanced financial data management platform is set to change the financial crime prevention industry. Intix’s expertise in financial data management will amplify NetGuardians’ cutting-edge technology, introducing plug-and-play AI analytics built on a standardized data foundation. In doing so, the new group will accelerate progress toward a shared goal of combating illicit financial flows, protecting individuals and businesses and fostering an economy of trust, in line with the United Nations’ Sustainable Development Goals #8, #10, and #16.

“Money laundering and fraud pose significant challenges to the financial system and society through the harmful activities they support. The combination of Intix and NetGuardians represents the next generation of tools in the effort to combat these. We are very enthusiastic about the continuation of this journey.”

 

Gisle Glück Evensen, Partner at Summa

“Today marks a transformative moment for Intix and NetGuardians. This strategic union provides a unique approach to addressing financial crime challenges, tackling issues from data pipeline and traceability to advanced AI analytics.

We are not just expanding our reach but also deepening our commitment to secure, sustainable financial practices.”

Joël Winteregg, NetGuardians CEO and future group CEO

“The opportunity to combine NetGuardians’ expertise and technology with Intix’ data management platform intelligence in creating the next generation of financial crime solutions promises to revolutionize how financial institutions combat illicit activities and connect to society: safeguard businesses’ and people’s savings, investments, and livelihoods.”

Raffael Maio, NetGuardians’ Co-founder and CSO

Following the acquisition, Sergi Herrero, former Chair of Intix will assume the role of Chairman of the group. NetGuardians’ initial co-founders will play pivotal roles in this new venture and Raffael Maio will spearhead the group’s strategy. Both will be instrumental in shaping the development and strategic direction of the organization.

About NetGuardians

NetGuardians is an award-winning Swiss FinTech helping financial institutions in over 30 countries to fight financial crime. More than 100 banks and wealth managers, including 60 per cent of all Swiss state-owned commercial banks and three of the top 10 private banks as ranked by Euromoney, rely on NetGuardians’ 3D artificial intelligence (3D AI) solution to prevent fraudulent payments and detect money laundering in real-time. Banks using NetGuardians’ software have achieved an 85 per cent reduction in customer friction, enjoy more than 75 per cent lower operating costs and have detected new fraud cases. Headquartered in Switzerland, NetGuardians has offices in Singapore, Poland, and Kenya.

www.netguardians.ch

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.
Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.
The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

www.summaequity.com

 

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

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Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

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Measuring what matters: How impact accounting redefines sustainability measurement

Read more

Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

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Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

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  4. New investor Summa Equity paves way for further growth Bollegraaf Group

New investor Summa Equity paves way for further growth Bollegraaf Group

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September 17th, 2024, Stockholm, SE & Appingedam, NL: Impact investment firm Summa Equity “Summa” has acquired a majority stake in the global leader of turnkey recycling solutions, the Bollegraaf Group “Bollegraaf”.

The acquisition of Bollegraaf happens about a year after Summa presented their report “Investing in a circular and waste-free Europe”. The report identified how a EUR 230bn investment is needed by 2040 for new physical assets and infrastructure to enable the transition to a circular European economy.

Bollegraaf is a key enabler in decarbonizing the materials system. As a leader in the recycling industry, we’re proud to be working with them to continue the evolution of their innovative and circular solutions.

Bertrand Camus, Thematic Partner at Summa

Bollegraaf has a strong impact profile through actively contributing to the EU taxonomy. Summa sees that Bollegraaf fits well in their resource efficiency theme. Optimizing the use of natural resources is one of the spearheads of Summa’s strategy and in this challenge they will from now on join forces with Bollegraaf. Investing from its EUR 2.3bn Summa Equity Fund III, this acquisition leverages Summa’s expertise in enhancing portfolio companies’ strategies to create long-term value and address critical global issues.

Over the last decades, Bollegraaf has grown into a total solution provider in the recycling industry. Bollegraaf provides waste management companies worldwide with state-of-the-art sorting installations and machinery. Innovations in advanced mechanical recycling are at the core of these high-end solutions. Bollegraaf’s technologies and solutions help reduce carbon footprints associated with material processing and recycling and increase recycling rates. It therefore plays a crucial role in the transition towards more sustainable and low-carbon industrial practices.

“Bollegraaf is a frontrunner in the recycling industry. We are convinced that in partnership with Summa, Bollegraaf can accelerate further growth and drive the transition to a circular economy. Together with Summa, we can invest in innovation and advanced technologies and improve the solutions for our clients through strategic acquisitions. Summa’s industry advisor network is also playing a crucial role in uncovering new opportunities to enhance our efforts”.

 

Edmund Tenfelde, CEO of Bollegraaf

The acquisition of Bollegraaf is being made within Summa’s Resource Efficiency investment theme and contributes positively to UN Sustainable Development Goal #11.6, #12.5 and #13.1. Summa takes over Bollegraaf from Capital A Investment Partners, who has been the controlling shareholder for the past 9 years. In this period, with Capital A‘s support, the Bollegraaf Group experienced significant growth and innovative breakthrough, positioning the company as a key player in the recycling industry.

The acquisition is pending regulatory approvals and is expected to close in October 2024.

Bollegraaf & Summa

About Bollegraaf

The Bollegraaf Group is a world-leading expert and innovator in the waste sorting and recycling sector. Bollegraaf’s reputation is based on the unique quality of equipment in terms of separation performance, robustness, and ease of maintenance. Bollegraaf is a market leader in its sector, with a strong presence in both North America and Europe and growing business in Africa.

Bollegraaf aims to provide its clients the highest return on investment as well as circularity impact through state-of-the-art innovative recycling solutions. Bollegraaf offers these state-of-the-art recycling solutions for all types of waste streams, from household waste, paper, and plastics up to construction and demolition. Bollegraaf operates under the brand names Bollegraaf Recycling Solutions and Lubo Recycling Solutions. In North America Bollegraaf is represented by its long term strategic partner and exclusive distributor Van Dyk Recycling Solutions.

www.bollegraaf.com

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

www.summaequity.com

 

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

The Summa Summarum newsletter

Sign up to our newsletter

Latest readings

News

Inspiring leadership for impact: Summa Equity’s CEO Learning Journey at Harvard Business School

Read more

Summa Equity owned myneva Group continues its growth journey with the acquisition of DM EDV

Read more

Measuring what matters: How impact accounting redefines sustainability measurement

Read more

Summa Equity completes EUR 800m Fortum Recycling & Waste acquisition, combining with NG Group: “We are creating the Nordic leader in the circular economy”

Read more

Summa Equity merges Sengenics into Standard BioTools to broaden its proteomics offering

Read more

Summa Summit and 2024 Annual Investor Meeting

Read more
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