Best-in-class companies
We own Nordic and North American companies in industries that we know well, and where we have a relevant network of key people who can contribute their expertise. These industries include healthcare, industrial technology and infrastructure. We look for long-term growth as well as market and thought leadership in defined niches.
Our objective
Strong market positions. Attractive industry niches. Long-term growth.
Our goal is to help our companies maintain or achieve best-in-class positions in their respective industries and our team works actively with the boards and management teams of our companies to achieve organic and inorganic growth.
We look for companies with strong market positions in attractive industry niches with long-term growth. The companies should have healthy profitability and cash flow generation, and they should be agile and resilient, with strong corporate cultures.
How we invest
200-700m
Equity
We typically contribute USD 200-700m in equity.
3-4x
Leverage
We use modest leverage, around 3-4x EBITDA.
90%
Ownership
We aim to exceed 90 percent ownership, with management as co-owners.
Best-in-class companies
We believe in benchmarking against the very best competitors and other relevant companies as a basis for identifying improvement potential for our companies in terms of growth, profitability, efficiency and quality, as well as customer and employee satisfaction.
Invest in innovation
Companies must have the ability to invest in innovation, regardless of pressure from the market or other external forces. Through our financial strength, we allow our companies to make the right investment decisions - at the right time.
Access to capital
Long-term ownership means capital is available when a business case is sound rather than when a fund's horizon happens to allow it.
Growth - a key value driver
Growth is the single largest driver of value in our companies, and it is where we concentrate both our capital and our operational attention.
Focusing on professional board work
We believe in creating value through engagement and active ownership and therefore work diligently through the boards of our companies. From our extensive network we recruit board members with solid industrial expertise, financial knowledge and experience leading international operations.
This network also includes former politicians and representatives of the academic world. Our goal is to create diverse and dynamic boards with members that have relevant competences and who have the time to be actively engaged; this is at the center of our ownership model.
We define and constantly refine value creation plans for each company, focusing on key strategic initiatives aimed at creating value over the next three to five years. While our ownership horizon is long term, we believe in also putting shorter-term plans in place to create a clear focus on execution.
Improving sustainability
We take a business-driven approach to sustainability as we believe this is a prerequisite for future-proofing our companies to become or remain best-in-class and stay competitive.
We believe that companies that integrate sustainability in their operations and business decisions will be more successful and create more long-term value. Patricia Industries has a long tradition of acting as an engaged and responsible owner and company, and defines sustainability as the delivery of long-term value in economic, social and environmental terms.
Right people at the right place
It is our firm belief that leadership and individuals make all the difference.
This is why much of our work is focused on ensuring that the best possible people are appointed to the boards and management teams of our companies. A strong company culture is a key asset in all our companies.