Cevian
Private equitySt. Helier · Late Stage
Also known as Cevian Capital Ii Gp Limited
Investment thesis
Cevian pursues a long-term, concentrated ownership strategy, acquiring substantial minority positions in European publicly-listed companies with leading market positions, strong cashflows and robust long-term demand that it views as overlooked, misunderstood or out-of-favor. It sees significant unrealized value-creation potential not reflected in share prices. After investing, Cevian works with boards and management on initiatives spanning operations, corporate strategy, organizational structure, financial management, governance and sustainability. Its team members typically join boards or nominating committees, and it commonly becomes the largest or second largest owner, holding for five or more years. Cevian maintains roughly 10-15 positions at a time, with an optimal investment size of EUR 500m to EUR 1.5bn per company.
Source: firm website, verified Aug 6, 2026.
What they invest in
from 4 of 10 portfolio companiesFintech ×2B2B Marketplaces ×1Cleantech ×1EdTech ×1Energy ×1
HQs:Switzerland×1France×1
Investments · 10 tracked
founders shown can be your intro pathGlobal technology leader in electrification, automation, and robotics, headquartered in Switzerland; a Cevian professional sits on ABB's board.
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.
Co-investorsInvestor
Supplier of process technology, equipment and services to minerals, aggregates and metals industries; a Cevian professional sits on its board and nominating committee.
Pearson provides education, skills, and workforce transformation services, offering research, insights, and training to educators, governments, enterprises, and learners.
EdTech
Rexel is a distributor of electrical products, solutions, and services, positioning itself around sustainable offerings and support for the energy transition and electrification.
B2B MarketplacesCleantechEnergy
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 SuisseGunung Capital
Leading metal flow engineering group serving steel production, foundry casting and other process industries; a Cevian professional sits on Vesuvius' board.
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 10 tracked investments.
- 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 St. Helier.
- Who does Cevian co-invest with?
- Cevian most often shares deals with Credit Suisse, Gunung Capital, infoShare, among 4 tracked co-investors.
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