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.
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.
Supplier of process technology, equipment and services to minerals, aggregates and metals industries; a Cevian professional sits on its board and nominating committee.
Largest corporate and retail bank in the Nordic region; a Cevian professional sits on Nordea's board and nominating committee.
Global educational leader with strong positions in assessment, courseware, and service markets.
World's second-largest distributor of electrical equipment and services, listed in France; a Cevian professional sits on Rexel's board.
Leading global supplier of industrial bearings; a Cevian professional sits on SKF's board and nominating committee.
Largest global wealth manager, headquartered in Switzerland.
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
- 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.
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