Our Companies


Project Fitness

In august 2022, 5 individual fitness center chains teamed up with Credo to create a #2 player in the Norwegian market. The entities hold leading positions in their local markets and a common focus on inclusion and relevance for clients of all ages and physiques.

The platform aims to grow rapidly going forwards by consolidating like-minded high quality companies in the space and develop the group into a leading Nordic health promoting institution.

Contact person: Victor Evensen

Investment year: 2022

Revenues 2021: NOK 250m


Project Inredo

We have joined forces with the founders of 6 of Norway’s leading players within the installation and production of interior partitioning systems and ceiling solutions, with the aim of creating a new national champion. 

We are coming together to create the leading and most innovative player in the industry, to the benefit of our suppliers, customers, and employees. After several years of strong performance, we see both the need for, and an opportunity to, increase collaboration within and lead the consolidation of a fragmented industry. The constitution of a group facilitates the sharing of best practices to ensure better operations and thereby increase our capability to deliver on the joint expectations of our customers and suppliers. 

Contact person: Victor Evensen

Investment year: 2022

Revenues 2021: NOK 500 million



Q-Light is a fast growing company in an attractive Norwegian lighting market, which in 2021 also developed a market leading position In the electric vehicle (EV) charger pedestal market. In spring 2022 the company launched its newly developed EV charger. All of Q-Light’s products are designed and developed with the electrical installer in mind, and the products are recognized by convenient installation, appealing design, high quality, and modular offering, all at a reasonable price. Credo entered into a partnership with the founders/management with an aim to build a distinct growth position in the Norwegian lighting segment, and capitalize on opportunities within e-mobility.

Contact person: Stian Glendrange

Investment year: 2021

Revenues 2021: NOK 56 million

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We created Evidi together with the founders, by grouping together five IT services companies, specialized in Microsoft technology, thereby establishing the leading independent Microsoft partner in Norway. Our goal is to build the leading next generation end-to-end Microsoft partner for SMBs and lower-end Enterprise, starting with the core: Architecture & Integration, ERP and CRM

Contact person: Pål Prydz

Investment year: 2021

Revenues 2021: NOK 485 million



Tellus Caravan og Fritid

Tellus Caravan og Fritid is the largest group of caravan and motorhomes dealers in Norway with ten dealers located strategically across Norway. The five Founders approached Credo Partners to realize the ambition of establishing the leading recreational vehicle dealership and service group in Norway.

Together with the Founders Credo Partners will create a solid platform with a reinforced focus on quality, sustainability, and customer experience. The Group will build operational and commercial excellence, through shared best practice and coordinated sourcing. This shall realize economies of scale and significantly improve terms for the dealers and customers, in addition to appear as an attractive home for other retailers who want to take part in the consolidation of the industry.

Contact person: Victor Evensen

Investment year: 2021

Revenues 2021: NOK 2,000 million



MMC First Process

MMC First Process is a supplier of solutions for handling of seafood to the fisheries and aquaculture industries, with a world-leading position in systems for gentle loading, storage and unloading of live fish on board well boats. The company was formed through a merger between MMC and First Process in 2017, both with long history as quality suppliers within their respective fields. Credo, together with the founders and management, acquired the company from shipbuilder Havyard Group with an aim to strengthen MMC First Process as an independent global player.

Contact person: Pål Brynsrud

Investment year: 2019

Revenues 2021: NOK 1,015 million




Mill International AS is a supplier of design based electrical heaters. The company has over the last decade achieved a leading position in Norway by focusing on design and smart home solutions. Furthermore, Mill has established itself internationally, and is enjoying great traction in some of the world’s largest consumer markets. Together with Credo Partners, the founders aim to build a global customer centric household appliance company, primarily by way of organic expansion in international markets supported by continued product innovation.

Contact person: Pål Brynsrud

Investment year: 2019

Revenues 2021: NOK 196 million




Konstel is an electrical installation and service supplier group in Eastern Norway. The group was created by combining 10 individual installation firms and by establishing a top tier purchasing cooperation in the Norwegian market. Together Credo Partners and the founders have set out to build a fast-growing multi-local electrical installation group, through a buy and build strategy, focusing on acquiring local market leaders. The group's subsidiaries operate independently, meaning that decisions about the companies’ operations are taken close to the market. Konstel combines the flexibility, personality and efficiency of a small company with the resources, networks and professionalism of a large business. 

Contact person: Gudmund Killi

Investment year: 2019

Revenues 2021: NOK 1,002 million



Villa Paradiso

Villa Paradiso is a recognized chain of Italian restaurants in Norway, and a leading wholesaler of Italian food ingredients to restaurants. Together with the founders we will professionalize the organization, operations and communication platform to enable a controlled and profitable roll-out of new restaurants, and to scale up the wholesale business substantially.

Contact person: Gudmund Killi

Investment year: 2017

Revenues 2021: NOK 239 million




Cegal is a leading independent IT specialist and IT systems integrator for energy utilities. The company provides services addressing the needs of a rapidly changing energy utility sector. Cegal manages specialized industry software, and has a particular strength within Oracle technology, which is the underlying platform for many utilities. We create value by strengthening the company's position and value proposition in the energy utility industry vertical, with cutting edge technology competencies as the underlying driver.

Contact person: Gudmund Killi

Investment year: 2016

Revenues 2021: NOK 1,407 million


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Made for Movement

Made for Movement provides therapeutic helping aids to severely disabled children and young adults. Together with the founders, we will increase market penetration in existing markets through a more scalable model for sales and growth, as well as grow through adding new products to the existing distribution model. Increased scalability in operations and shared services will also contribute to increased value.

Contact person: Wilhelm Mohn

Investment year: 2014

Revenues 2021: NOK 114 million




Varier makes ergonomic chairs with beautiful design. This is Credo's very first investment, and began as a quick and successful turnaround after years of financial losses as a division of the former Stokke group. Lately the company has transformed from a broad design portfolio to a focused player in a growing global niche: healthy sitting.

Contact person: Wilhelm Mohn

Investment year: 2006

Revenues 2021: NOK 149 million



Case story: Optimar


Case story: Geia Food

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Case story: Frisk Gruppen