Our Companies

 

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 2020: NOK 1 508 million

Website

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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 2020: NOK 535 million

Website

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Mill

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

2019 sales: NOK 181 million

Website

 
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Konstel

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 2020: NOK 777 million

Website

 
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Frisk Utvikling

We created Frisk Utvikling together with the founders by merging four suppliers of work and health related services. The combined business provides a portfolio of services to help unemployed people back to work, such as labor market measures, organizational consulting, outplacement, as well as health services and rehabilitation. Frisk Utvikling is the leading Norwegian provider of public unemployment services and is rapidly expanding its offering to the private sector. Integrating and professionalizing business processes will create substantial value for both investors and jobseekers.


Contact person: Pål Brynsrud

Investment year: 2018

Revenues 2020: NOK 547 million


Website

 

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 2020: NOK 179 million

Website

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Geia Food

Geia Food is an independent provider of food concepts and products to Nordic grocery retail. Geia offers its customers products that differentiate them from competitors and traditional brands, and offers its 200+ global food producing suppliers an effective sales channel to all the major grocery retailers in the Nordics. Geia has a solid position in Denmark and is growing rapidly in Norway and Sweden. Together with founders and management, we will increase the value of the company through strengthened market position in Norway and Sweden, strengthened partnerships with key customers in each geographic market, and attain category leadership in chosen categories.


Contact person: Gudmund Killi

Investment year: 2017

2019 sales: DKK 1,672 million

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Website

 
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Globus Wine

Globus Wine is an important partner for Danish retail in the wine category, and a leading wine company in Northern Europe. The company provides whole wine concepts, including sourcing, blending, filling, distribution and branding. Together with the founder team we will accelerate growth through professionalizing management, removing operational bottlenecks, building own brands, and thereby increasing the value of the company significantly.


Contact person: Wilhelm Mohn

Investment year: 2016

Revenues 2020: DKK 553 million


Website

 
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Sysco

Sysco 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. Sysco 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 2020: NOK 490 million


Website

 
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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 2020: NOK 127 million


Website

 

Varier

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 2020: NOK 121 million



Website

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Case study: Optimar

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