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  4. Summa Equity’s Hannah Gunvor Jacobsen is one of Norway’s top 30 leadership talents under 30

Summa Equity’s Hannah Gunvor Jacobsen is one of Norway’s top 30 leadership talents under 30

Every year, the magazine D2, distributed by the Norwegian financial paper Dagens Næringsliv, selects 30 talents under 30. This year’s nominations were devoted to talented leaders that are making the world a better place.

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At Summa Equity, we could not be prouder that our very own Hannah Gunvor Jacobsen made the list. Hannah was our first employee, and today she serves as a Director in our investment team. Summa Equity would not be where we are today without the passion and dedication Hannah has for our mission. In the words of the D2 jury: With her passion, she shows in a convincing way that sustainability and finance can easily be united (translated from Norwegian).

You can read the full interview with Hannah in D2 here.

“In an uncertain world, there are some things we still know for certain. The population is growing, we are becoming older and sicker, we need to take better care of our resources, and technology will continue to penetrate our whole society. The mission has always been to invest in these mega trends” -Hannah Gunvor Jacobsen in D2

Out of the top 30, readers of D2 will nominate a winner. You can submit your vote to Hannah here.

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  4. Part time analyst at Summa Equity

Part time analyst at Summa Equity

Are you ambitious, progressive, eager to learn and want to contribute positively towards some of the most important challenges we face today? If yes, would you like to be one of us?

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We are a thematically focused Nordic private equity firm, focusing on Resource Efficiency, Changing Demographics, and Tech-enabled businesses. Summa was formed with the purpose of investing in companies that offer solutions to our social, environmental and business challenges and thus have strong value creation potential.

We are seeking part-time analysts to our office in Oslo. The work is conducted on a part-time basis during Fall 2019 and Spring 2020. The work will last between 3 and 12 months depending on your availability. We will be flexible in terms of day or evening work, and number of days during the week, but a minimum of 10 hours per week will be required.

To succeed in the role, you should have:

• Strong analytical and problem-solving skills
• Outstanding grades and motivation to build companies positively contributing to society
• Interest in learning, and you thrive working in a radically honest and transparent environment

Previous work experience from banking, management consulting or an investment firm is beneficial, but not required as we strive to build a team with diverse backgrounds. Any interest or exposure towards one of our three themes will count positively, as you will be dedicated towards one of the themes.
You will become an integral part of Summa’s investment team and be involved in investment processes, including identification of investment opportunities, sourcing work, building databases, valuation, due diligences and other relevant topics.

As an intern you will be responsible for the following:

• Sourcing work and identification of investment opportunities
• Implement industry and company analyses
• Prepare valuation documents

If you are interested, please send your application (incl. resume and grades) to the following address: elisabeth.aanonsen@summaequity.wpkonsulterna.se
Should you have any queries, please contact Michael Vollset on +47 902 10 151 or michael.vollset@summaequity.wpkonsulterna.se

Deadline for submitting your application is 23rd of June 2019.
Please visit our website for more information about Summa Equity, https://summaequity.com/

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  4. Summa Equity joins UN SDG Impact Initiative to accelerate SDGs

Summa Equity joins UN SDG Impact Initiative to accelerate SDGs

15 May 2019, Oslo – Summa Equity today announced their commitment to the United Nations’ SDG Impact initiative together with Business for Peace, EQT and LGT. This UNDP-led initiative aims to enable private sector investment by providing investors and businesses with the clarity, insights, and tools to support their contributions toward achieving the UN Sustainable Development Goals (SDGs). The Nordic Springboard, of the UNDP SDG Impact Initiative, will be launched at the Business for Peace Summit in Oslo today to rally top-investment firms in the Nordic region to join the initiative.

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“We are proud to be part of the global SDG Impact initiative, the Nordic Springboard and challenge the whole private equity community to join and invest in line with the SDGs,” says Anna Ryott, Chair of the Board, Summa Equity and SDG Impact Steering Committee member. Ryott has joined the SDG Impact Steering Group with global leaders of development, investment and industry, who will validate and confirm the work of the SDG Impact platform, and thus, the global effort to authenticate SDG enabling investments.

The SDG Impact springboard event in Oslo will gather Nordic investor support and build momentum to an upcoming global event in Stockholm.

“Summa Equity was amongst the first private equity firms to commit to the SDGs, aligning our investment and value creation strategy with the SDG framework,” says Reynir Indahl, Managing Partner of Summa Equity. “We believe our biggest challenges are also our most attractive investment opportunities. By incorporating solutions to environmental, social and governance challenges, companies will show stronger growth and returns, while having lower risk. They are more future-proof.”

Ryott and Indahl will speak at the Nordic Springboard about why Summa Equity supports the SDG Impact initiative.

Today Summa Equity manages aggregated capital commitments of SEK 14 billion (c. EUR 1.3 billion), having closed its Fund II with SEK 6.5 billion (c. EUR 610 million) to continue to invest in global challenges. Summa Equity focuses on investments that can outperform and are driven by tailwind from megatrends such as ageing demographics, movement of people, resource scarcity, population growth, climate change and technology disruption. The portfolio has shown strong growth and value increase. Summa was also recently won the Environmental, Social and Governance (ESG) Award at the Private Equity Awards 2019 for the firm’s commitment to best practice in ESG.

Achieving the Sustainable Development Goals (SDGs) by 2030 is expected to require $5-7 trillion in total annual investment and requires a fundamental rethinking of global financial flows. Up until now there has not been a consistent approach to defining and measuring SDG-alignment, which the SDG Impact initiative is designed to meet.

SDG Impact aims to catalyze up to $1 trillion annually in private sector investment to achieve the SGDs.These efforts would contribute towards helping create some $12 trillion per year in economic opportunities and 380 million new jobs, which the Business Commission on Sustainable Development estimates would be possible from investing in the SDGs.

For interviews and more information, please contact:

Jenny Keisu
jenny.keisu@summaequity.com
+46 722 42 41 44

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  4. Summa Equity wins ESG Award at the Private Equity Awards 2019

Summa Equity wins ESG Award at the Private Equity Awards 2019

Summa Equity won the Environmental, Social and Governance (ESG) Award at the Private Equity Awards 2019 for incorporating the Sustainable Development Goal (SDG) framework in shaping the long-term strategy of its portfolio companies, measuring the effect and innovating to address the global challenges.

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We are honored to win the Environmental, Social and Governance Award at the Private Equity Awards 2019, one of the oldest and most respected tributes in our industry. To outperform, one cannot be agnostic to the challenges we as a society are facing. Companies that incorporate solutions to environmental, social and governance challenges, will show stronger growth and returns, while having lower risk. They are more future-proof, says Reynir Indahl, founder and managing partner at Summa.

Summa Equity was amongst the first Private Equity firms to commit to the UN Sustainable Development Goals (SDGs), aligning its investment and value creation strategy with the SDG framework. The ESG Award at the Private Equity Awards recognizes a firm’s commitment to best practice in environmental, social and corporate governance. Seven companies were shortlisted for the award and the shortlist was collated following nominations from a specialist LP judging panel.

For the 18th year, the Private Equity Awards celebrate the industry’s contribution to the success of European businesses. The awards were celebrated by more than 700 delegates including more than 250 firms in private equity from across Europe.

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

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  4. Xllnc acquires Lin Solutions

Xllnc acquires Lin Solutions

Summa Equity has decided to take the next step in focusing Lin Education’s operations. Lin Solutions – the business area that focuses on digital tools, with related services and pedagogy – is acquired by the independent IT company Xllnc. Summa Equity will remain as the main owner of the software business in Lin Software, and the focus will be on realizing the potential in the Loops product.

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Summa Equity acquired Lin Education in February 2017. Since its inception in 2007, Lin Education has played an important role in the digitization of Swedish schools by supporting municipalities, school leaders, teachers and students with special competence in pedagogy and technology. The corporate culture has been characterized by a strong drive to make a positive impact in schools, and as part of its strategy, the company has invested in developing software products for learning based on innovative pedagogy. One of these is the digital education product Loops, which was launched late 2017, targeting schools, companies and other organizations.

From the outset, Summa Equity has seen great potential in developing and scaling up Loops in the school market and in exploring new business opportunities outside the school market. In order to succeed in this, Summa Equity and Lin Education saw a need to create a clearer focus on software operations and add resources and skills required for scaling up. It was clear that the best thing for Lin Education was a clearer division between Lin Solutions and Lin Software, in order to better meet the different needs of the two operations.

“Summa Equity will now be able to focus on developing Lin Software further and building Loops for schools, companies and other organizations. Loops is a unique software product, and it has attracted a great deal of interest from customers in the school world and the business community. Since the launch of the new Loops product, which was made less than a year ago, we have seen an exciting development with customers who benefit from the pedagogy that Loops is based on,” says Tommi Unkuri, Partner at Summa Equity.

There is still a strong market trend in Sweden and the Nordic region to increase digitization of schools. The school market is therefore a niche, in the broader IT industry, which is expected to continue having strong growth going forward.

“As a pioneer, Lin Education has played an important role in the digitization of Swedish schools. We are very proud of this. That work will be intensified, by both Lin’s operations in their own domains,” says Josef Lind, Founder and Board Member of Lin Education.

Xllnc offers large corporations and organizations a platform to handle IT equipment during its entire life cycle. The service provides customers with predictability, control and increased productivity combined with reduced costs and minimized environmental footprint.

“For a long time, there has been interest from potential buyers of Lin Education’s operations. But it is only with Xllnc, who is a partner of Lin Education and who has been close to Lin Education, that time feels ripe for Summa Equity to sell. Xllnc has a lot to contribute with to Lin Solutions, and we believe that the merger will be very good for Lin Solutions,” says Tommi Unkuri, Partner at Summa Equity.

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  4. Internship at Summa Equity Oslo

Internship at Summa Equity Oslo

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Are you ambitious, progressive, eager to learn and to contribute positively towards some of the most important challenges we face today? If yes, would you like to be one of us for a period?

We are a thematically focused Nordic private equity firm, focusing on Resource Efficiency, Changing Demographics, and Tech-enabled businesses. Summa was formed with the purpose of investing in companies that offer solutions to our social, environmental and business challenges and thus have strong value creation potential.

We are seeking interns to our office in Oslo. The internship is conducted on a full-time basis during Fall 2019. The internship will last between 3 and 6 months depending on your availability.

To succeed in the role, you should have:

  • Strong analytical and problem-solving skills
  • Outstanding grades and motivation to build companies positively contributing to society
  • Interest in learning, and you thrive working in a radically honest and transparent environment

Previous work experience from banking, management consulting or an investment firm is beneficial, but not required as we strive to build a team with diverse backgrounds.

You will become an integral part of Summa’s investment team and be involved in investment processes, including identification of investment opportunities, valuation, due diligence and other relevant topics. In addition, you will work with our existing portfolio companies.

As an intern you will be responsible for the following:

  • Identify investment opportunities with high value creation potential across our themes
  • Prepare valuation documents
  • Implement industry and company analyses
  • Work with corporate development in Summa Equity’s existing portfolio companies

If you are interested, please send your application (incl. resume and grades) to the following address: elisabeth.aanonsen@summaequity.com

Should you have any queries, please contact Michael Vollset on +47 902 10 151 or michael.vollset@summaequity.com

Deadline for submitting your application is 15 May 2019.

Please visit our website for more information about Summa Equity, https://summaequity.com/

Summa Equity (“Summa”) won the Impact Investor award and the Deal of the Year award for Sortera.

“Being honored with two awards at the inaugural Real Deals ESG Awards is overwhelming and a great honor. Our investment thesis has remained the same since the inception of Summa in 2016. We firmly believe that climate change is the biggest investment opportunity to date. As a purpose-driven firm, we value contributing to the solutions to the challenges of the environment, society, and government. We want to thank our LPs for taking the risk on our unproven strategy six years ago and our Summates who left their jobs to solve our global challenges,” commented Reynir Indahl, Founder and Managing Partner at Summa Equity.

The 1st edition of the read Deals ESG Awards was held at The Landmark Hotel in London and brought together 250+ of the most influential firms to celebrate its achievements towards making positive change through ESG in private equity.

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

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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. Internship at Summa Equity Stockholm

Internship at Summa Equity Stockholm

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Are you ambitious, progressive, eager to learn and to contribute positively towards some of the most important challenges we face today? If yes, would you like to be one of us for a period?

We are a thematically focused Nordic private equity firm, focusing on Resource Efficiency, Changing Demographics, and Tech-enabled businesses. Summa was formed with the purpose of investing in companies that offer solutions to our social, environmental and business challenges and thus have strong value creation potential.

We are seeking interns to our office in Stockholm. The internship is conducted on a full-time basis during Fall 2019. The internship will last between 3 and 6 months depending on your availability.

To succeed in the role, you should have:

  • Strong analytical and problem-solving skills
  • Outstanding grades and motivation to build companies positively contributing to society
  • Interest in learning, and you thrive working in a radically honest and transparent environment

Previous work experience from banking, management consulting or an investment firm is beneficial, but not required as we strive to build a team with diverse backgrounds.

You will become an integral part of Summa’s investment team and be involved in investment processes, including identification of investment opportunities, valuation, due diligence and other relevant topics. In addition, you will work with our existing portfolio companies.

As an intern you will be responsible for the following:

  • Identify investment opportunities with high value creation potential across our themes
  • Prepare valuation documents
  • Implement industry and company analyses
  • Work with corporate development in Summa Equity’s existing portfolio companies

If you are interested, please send your application (incl. resume and grades) to the following address: rehab.abdelkader@summaequity.com

Should you have any queries, please contact Johan Pietilä Holmner on +46 702 554 590 or johan.pietila.holmner@summaequity.com

Deadline for submitting your application is 15 May 2019.

Please visit our website for more information about Summa Equity, https://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

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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. Lakers continues Nordic expansion with four acquisitions

Lakers continues Nordic expansion with four acquisitions

Stockholm, 22 March 2019 – Lakers Group, the leading independent water pump service company in the Nordic region, continues its Nordic expansion. It has completed four acquisitions during the last months. The new companies joining Lakers Group are Elmotorservice Syd and Öhbergs Pumpeservice in Sweden, A & J Pumpservice in Finland and Elmodan in Denmark, increasing Lakers’ pro-forma revenues to NOK 350 million.

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“We are excited to welcome four new companies to the Lakers Group. With the acquisition of A & J, Lakers also makes it’s first acquisition in Finland, making Lakers present in all Nordic markets,” said Carl-Johan Callenholm, Founder and CEO of Lakers.

Summa Equity Fund I acquired a majority stake in Lakers Group AB in October 2018.

“Summa acquired Lakers with a strategy to support a continued ambitious growth plan. The four acquisitions complement Lakers and strengthen Lakers’ position as the leading independent water pump service company in the Nordic region,” said Johannes Lien, Partner at Summa Equity.

The new companies acquired by Lakers are:

Öhbergs Pumpservice (Sweden), a service company working with waste water applications for municipal as well as industry customers. Historically they have also worked a lot with pressurized sewage systems. The company was established in 1957 and has become well-known in the industry with a strong position in the Stockholm area.

Elmotorservice Syd (Sweden), a company focused on sales and services of power tools, electric motors, fans, transmissions and pumps. Over the years Elmotorservice has developed a strong focus on dewatering pumps and has a close cooperation with leading suppliers in the dewatering segment. The company was founded in 1999 and has operations in Ystad and Simrishamn.

Elmodan (Denmark), a company specializing on pumps, generators and power tools, being known for providing a service beyond normal. Established in 1959, Elmodan has two premises with workshop, warehouse and exhibition in Næstved and Ishøj.

A & J Pump Service (Finland), offers comprehensive maintenance and repair services related to waste water and basic water pumps as well as suction vehicle services for industry, properties and construction with high pressure and vacuum trucks. The company was established in 2008. It has an office in Helsinki and operates mainly in the metropolitan area, in the Uusimaa region and in Lahti.

To secure continuity and utilize experience, existing managing directors remain in their positions in all companies.

Summa Equity is amongst the first Private Equity firms to commit to the UN Sustainable Development Goals. Lakers’ acquisitions are aligned with goal #6: “Ensure availability and sustainable management of water and sanitation for all”.

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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 Olink Proteomics

Summa Equity acquires Olink Proteomics

Summa Equity acquires Olink Proteomics, a Swedish life science company that has developed a unique technology for human biomarker discovery, targeting the global biopharma and academic research and discovery markets. Olink’s purpose is to enable precision medicine through proteomics, thereby contributing to advancing healthcare worldwide. Summa Equity is excited to support this development, and to continue building its base of investments within life science.

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Summa Equity focuses on investments in companies that help solve global challenges. Olink Proteomics is providing a unique technology to vastly improve our understanding of proteins within the human body. Proteomics, i.e. the large scale study of proteins, is one of the most important areas for gaining insights in human biology and disease, as protein expression profiles are critical in reflecting states of health. The acquisition of Olink Proteomics is aligned with Summa Equity’s Changing Demographics theme and it supports the UN Sustainable Development Goal Target #3: “Ensure healthy lives and promote well-being for all at all ages”, by enabling improved treatment and patient outcomes across a large number of disease areas.

Olink Proteomics was founded in 2004, based on pioneering research at Uppsala University, under the oversight of Prof. Ulf Landegren and his team of researchers. The company has a unique technology for protein analysis, which provides substantial benefits over other existing technologies in the market by enabling a more efficient and precise analysis of much larger numbers of proteins. This technology improves understanding of the interaction of proteins and human disease, which is required to enable improved treatments within many clinical areas.

The company has grown very rapidly over the past years, quickly expanding its scope of activities across the global market for life science, with a growing footprint across North America, Europe and Asia. Olink Proteomics is headquartered in Uppsala, Sweden, but also has facilities in the US. Olink Proteomics has approximately 110 employees across its current locations.

”The scientific and business opportunities for Olink Proteomics are enormous, as its technology is radically transforming the market for proteomics, thus enabling improved patient treatment. We look forward to supporting the company in its ambition to continue investing in improved customer solutions, and its effort to roll out its technology on a world-wide basis,” said Tommi Unkuri, Partner at Summa Equity.

”We are very happy to have Summa Equity as our new owner. They have shown a deep understanding of our technology and the markets we are addressing. They will be able to support us in scaling up our operations across markets, and drive benefit for customers, patients and the research community,” said Jon Heimer, CEO of Olink Proteomics.

Summa Equity will be the majority shareholder in Olink Proteomics, whilst the management team and Ulf Landegren will remain as shareholders in the company. Summa Equity has been supported by a global team of advisors, including Moelis & Company LLC as financial advisor, White & Case as legal advisor, LEK Consulting as commercial advisor and KPMG as accounting advisor. J.P. Morgan Securities LLC served as Olink Proteomics’ financial advisor and Wiggin and Dana LLP and Lindahl served as its legal advisors.

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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 expands footprint in Smart Energy market with investment in Metry

Summa expands footprint in Smart Energy market with investment in Metry

Stockholm, 5 March 2019 – Swedish energy tech company Metry, whose platform helps the real estate sector digitise and structure energy data to become more energy efficient, is announcing a rights issue and investment of 14 million SEK. The funds will support the continued development of the company’s position as an unbiased/independent actor in the ecosystem for energy data. The lead investment comes from Summa Equity, followed by Chalmers Ventures, angel investors and Metry’s chairman of the board Andreas Rydholm.

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In a reality where 40% of the world’s energy data is consumed by the real estate sector, Metry has built a platform that digitises the availability of energy data and helps the real estate sector become more energy efficient. Metry manages billions of data points for Sweden’s largest real estate companies, such as Vasakronan, Catena, Rikshem and Kungsleden. With Metry, the users can focus on saving energy, instead of spending time on data collection and administration. The fundings will boost continued development of the company’s position as an unbiased actor in the ecosystem for energy data, while growing in Sweden and abroad.

— Since sustainability is one of the core values of Metry, Summa Equity’s purpose and investment focus on solving global challenges is a great fit. The new growth funds serve as proof that many out there share our vision to help build a more energy efficient real estate sector. We look forward to continued growth and feel empowered going forward to have Summa Equity onboard supporting our journey, says Joel Torkelsson, Chief Commercial Officer and co-founder in Metry.

— We are excited to support the great team in Metry in creating a more digitised and energy-efficient building sector which currently accounts for 36 % of the CO2 emissions in Europe. Summa has already since 2016 invested in Egain, the leading provider of building energy management solutions, and we are expanding our commitments in a fast developing Smart Energy market. The purpose is to make the relevant data easier available and use data smartly to reduce energy waste, improve customer comfort, and improve real estate values. We believe Metry can be an important part of this development, says Gisle Gluck Evensen, Director in Summa Equity.

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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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Summa Summit and 2024 Annual Investor Meeting

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