/Investor DB

Armada Credit Partners

Venture debtoperating company · company profile

Helsinki · Growth · 15 people tracked

Find your way into Armada Credit Partners

Sign up to see every warm intro you have to Armada Credit Partners

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Armada Credit Partners team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

✨ Fox Verdict
Sign up to see your fit

Investment thesis

Armada offers tailored private debt solutions to sustainable and fast-growing lower mid-market companies across the Nordics and DACH region. Since 2000, it has partnered with more than 40 companies, cooperating with private equity firms and ambitious management teams. Armada targets investments of €3-30 million in companies that are led by strong management teams, supported by solid fundamentals, and demonstrate high growth prospects.

Invests inSector AgnosticEuropeFinlandGermanyHelsinkiSweden

Source: firm website, verified Aug 3, 2026.

Stage
Growth
HQ
Helsinki, FI
Instruments
Debt
Founded
2000
AUM
$715M

Team · 15 people

from the firm's website
Ilkka Santti· Joint Managing Partnerin

Co-founder and CEO of Armada Credit Partners, serving as Joint Managing Partner.

Jan Wiklund· Joint Managing Partner

Joint Managing Partner and co-founder of Armada (2010); previously a Director in the London leveraged finance team at Royal Bank of Scotland with earlier roles at HSBC, GE Capital and Merrill Lynch. Holds a B.Sc. from Uppsala University.

Erik Thornell· Partnerin

Partner at Armada; previously Partner and Head of Debt Financing at Nordic PE firm Segulah for a decade, and earlier at SEB Acquisition Finance and ABN AMRO Structured Finance. Holds an M.Sc. from the Stockholm School of Economics.

Jan-Christoph Wöber· Partner

Partner at Armada (since 2015); previously at Royal Bank of Scotland in Stockholm covering Nordic financial sponsors, with earlier roles at Barclays and Mediobanca. German national holding an M.Sc. from Stockholm School of Economics.

Niina Bergring· Partner, Investor Relations & Operationsin

Partner responsible for investor relations and operations at Armada Credit Partners.

Seppo Toivio· Partnerin

Partner at Armada; previously spent 12 years in the Investment Banking Credit team at J.P. Morgan in London leading leveraged finance deals. Holds a B.Sc. from LSE and an MPhil from Cambridge.

Fredrik Hagbarth· Investment Directorin

Investment Director at Armada; previously a Senior Associate at PwC Transaction Services in Stockholm and an Index Analyst at S-Network Global Indexes in New York. Holds B.Sc. degrees from William Paterson University.

Hanna Lundqvist· Investment Manager

Investment Manager at Armada; previously spent six years at SEB in Leveraged and Corporate Finance and worked as a lawyer. Holds a Master of Laws from Uppsala University.

Kenneth Grönholm· Director, Risk Management

Director of Risk Management at Armada with two decades at Nordic Investment Bank's Lending Department and prior experience in shipping finance. Holds an M.Sc. (Econ.) from Hanken School of Economics.

Kevin Lennon· Industrial Advisory Board Member

Advisory board member with over 30 years in credit roles; a founding member of Alcentra where he led European and global credit research teams and sat on multiple investment and risk committees.

Lauri Ratia· Industrial Advisory Board Member

Advisory board member and senior industrial executive; currently Chairman of Terrafame and board member of Elematic, with prior chairmanships at Stockmann, Paroc Group, Sponda and others. Holds an M.Sc. (Eng) and Harvard AMP.

Matias Kaila· Board Member, Armada Credit Partners

Matias Kaila is an experienced institutional investor and fund governance specialist with deep expertise in alternative fund due diligence, risk management, and corporate finance. He previously worked at TESI (Finnish Industry Investment), Finland's state-owned private equity fund of funds, where he developed comprehensive knowledge of the fund investment lifecycle and institutional investor standards. His background also includes corporate finance and M&A experience, giving him expertise in company valuation, transaction structuring, and growth business dynamics.

Saija Gröndahl· Administration Assistant

Administration Assistant at Armada; previously a Banking Advisor at Nordea and an administrative and marketing assistant at Exidio. Holds a Bachelor's degree in Business Administration.

Simon Wakefield· Industrial Advisory Board Member

Advisory board member who was Global Head of Acquisition Finance and Mezzanine Investing at SEB from 1997 to 2017, with earlier roles at Kleinwort Benson building LBO and Nordic mezzanine portfolios. Holds a Bachelor's degree from Bristol University.

Ville Kantola· Financial Directorin

Financial Director at Armada; previously spent six years at FIM Asset Management and worked at SEB Corporate Finance and Royal Bank of Scotland. Holds M.Sc. degrees from Helsinki School of Economics and Helsinki University.

Frequently asked questions

What stage does Armada Credit Partners invest at?
Armada Credit Partners invests at the Growth stage.
What sectors does Armada Credit Partners focus on?
Armada Credit Partners focuses on Sector Agnostic.
Where is Armada Credit Partners located?
Armada Credit Partners is headquartered in Helsinki, FI.

Images

Armada Credit Partners photoArmada Credit Partners photoArmada Credit Partners photoArmada Credit Partners photo

Similar investors

Featured in lists