Fundraising FoxCevian
Crossover fundStockholm · Late Stage
Also known as Cevian Capital Ii Gp Limited
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Investment thesis
Cevian pursues a long-term, focused, hands-on ownership strategy, aiming to fill what it sees as a vacuum of ownership among European listed companies. It acquires substantial minority positions in European public companies that have leading market positions, strong cashflows, and robust long-term demand but are overlooked, misunderstood, or out of favor. After investing, Cevian collaborates with boards and management to improve operations, strategy, organizational structure, financial management, corporate governance, and sustainability, often joining boards or nominating committees. It runs a concentrated portfolio of roughly 10-15 listed companies at a time, typically as the largest or second-largest owner, holding positions for 5+ years, with optimal investments of EUR 500m-1.5bn per company.
Source: firm website, verified Nov 8, 2026.
What they invest in
from 10 of 15 portfolio companiesAdvanced Manufacturing ×4New Materials ×3Cleantech ×2Enterprise Software ×2Fintech ×2Healthtech ×2B2B Marketplaces ×1Circular Economy ×1
HQs:Switzerland×2Sweden×2France×1United Kingdom×1Ireland×1
Investments · 15 tracked
founders shown can be your intro pathSmith+Nephew is a medical technology company that develops products for the repair, regeneration, and replacement of soft and hard tissue, including sports medicine solutions for treating sporting injuries.
HealthtechMedical DevicesSports TechLondon, GB
Thomas James Smith(Founder)Horatio Nelson Smith(Co-founder)Deepak Nathin
Co-investorsAccelmed PartnersAccess Venture PartnersAlphaDriveaMoonPeregrine VenturesTargeted Technology Funds
Global technology leader in electrification, automation, and robotics, headquartered in Switzerland; a Cevian professional sits on ABB's board.
Morten Wierodin
Co-investorsClean Energy VenturesElma Ventures
AkzoNobel is a paints and coatings manufacturer, with a history dating to 1792, producing products for homes, cities, transport, and industrial applications.
Advanced ManufacturingNew Materials
Leading global provider of automotive passive-safety products; a Cevian professional sits on Autoliv's board.
Leading global provider of telecom equipment, software and services; a Cevian professional sits on Ericsson's board and nominating committee.
Kista, SE
Co-investorsCross Creek AdvisorsInvestorKleiner PerkinsMistral Venture PartnersNorwest Venture PartnersVantagePoint Capital Partners+1 more
CRH is a leading provider of building materials and construction aggregates, serving customers across infrastructure, residential, and commercial sectors globally.
Advanced ManufacturingConstruction TechNew MaterialsDublin, IE
Jim Minternin
Co-investorsClean Energy Ventures
Essity is a hygiene and health company that develops and sells consumer and professional products and brands serving people across 150 countries.
ConsumerHealthtechWellness & Fitness
Metso provides technologies, end-to-end solutions, and services for the aggregates production, minerals processing, and metals refining industries.
Advanced ManufacturingCleantechHardware
Pearson provides education, skills, and workforce transformation services, offering research, insights, and training to educators, governments, enterprises, and learners.
EdTech
SIG manufactures sustainable packaging systems including spouted pouches, cartons, and bag-in-box solutions for food and beverage companies, with a focus on reducing carbon footprint and plastic use.
Advanced ManufacturingCircular EconomyFoodTechNew MaterialsNeuhausen, CH
Co-investorsACE & Company
Leading global supplier of industrial bearings; a Cevian professional sits on SKF's board and nominating committee.
UBS is a global wealth manager and universal bank based in Switzerland, offering financial advice, solutions, and products to clients.
FintechZürich, CH
Co-investorsCredit SuisseGraham Walker VentureGunung Capital
Leading metal flow engineering group serving steel production, foundry casting and other process industries; a Cevian professional sits on Vesuvius' board.
Exits · 1
1 IPOsSmith+NephewNYSE: SNN
Portfolio news
latest coverage across their companies
ABB · ad-hoc-news.de · Sep 28, 2026
CRH · ad-hoc-news.de · Jul 24, 2026
Fund performance · per public LP disclosures
as of Dec 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Cevian Capital II LtdLPs: Florida State Board of Administration, Carnegie Corporation of New York, Annie E. Casey Foundation | 2015 | — | 10.7% | 4.50x | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Cevian made?
- Cevian has 15 tracked investments, 1 of which have exited.
- What stage does Cevian invest at?
- Cevian invests at the Late Stage stage.
- What is Cevian's typical check size?
- Cevian typically writes checks of $550M – $1.6B.
- What sectors does Cevian focus on?
- Cevian focuses on Sector Agnostic.
- Where is Cevian located?
- Cevian is headquartered in Stockholm, SE.
- Does Cevian lead rounds?
- Yes, Cevian leads investment rounds.
- Who does Cevian co-invest with?
- Cevian most often shares deals with Clean Energy Ventures, Credit Suisse, Graham Walker Venture, among 7 tracked co-investors.
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