Firm at a glance
Litorina is a platform private equity firm founded in 1998 and headquartered in Stockholm, Sweden, per its own website [S1].
What they buy
Litorina’s portfolio reflects a concentration in business services and consumer sectors across the Nordic region [S2]. The firm appears to pursue platform investments followed by active add-on acquisition strategies, with approximately five add-on transactions completed in the trailing twelve months as of early 2025 [S2]. Observed investments span consumer brands in fashion and food service alongside B2B service providers in consulting, cleaning, and sales enablement [S2].
Portfolio
Business services
Platform investments in this category include Digpro (acquired 2017), Layer Group (acquired 2021), Implema (acquired 2022), Northclean (acquired 2022), and SellPower (acquired 2023) [S2].
Consumer
Consumer platforms include Leo’s Lekland (acquired 2014), Care of Carl (acquired 2018), NN.07 (acquired 2019), Limbra (acquired 2020), and Sushi Yama (acquired 2020) [S2].
Recent activity (last 24 months)
* **January 2025**: Acquired CoreChange’s SAP and BI Operations as an add-on to Implema [S2]
* **January 2025**: Acquired Sørlandsparken Tverrfaglige Helse as an add-on to Physical Medicine Group [S2]
* **November 2025**: Acquired Siskon Siivous and Forenede Service as add-ons to Northclean [S2]
* **August 2024**: Acquired Clean Factory as an add-on to Northclean [S2]
* **August 2024**: Acquired Indoor Floor & Wall Sweden as an add-on to Layer Group [S2]
* **July 2024**: Acquired Evado as an add-on to Digpro [S2]
* **April 2024**: Exited KungSängen [S2]
* **March 2026**: Exited Brödernas and NEWS [S2]
How this firm fits a seller
Litorina operates from its current fund, Litorina V, which reportedly holds approximately SEK 3 billion [S3]. The firm’s transaction history suggests a buy-and-build approach, with multiple add-on acquisitions supporting each platform company in the years following initial investment [S2]. For owner-operators in Nordic business services or consumer sectors, the firm’s pattern indicates willingness to pursue consolidation strategies within established platforms. The recent exit activity in 2024 and 2026 demonstrates ongoing portfolio turnover [S2].
Sources
[S1] https://litorina.se/about-litorina/ (as of 2025-01-15)
[S2] https://litorina.se/investments/ (as of 2025-01-15)
[S3] https://litorina.se (as of 2025-01-15)
Frequently asked questions
Does Litorina buy business services businesses?
Yes, business services represents approximately half of Litorina’s disclosed portfolio per public sources [S2]. Recent platform acquisitions in this sector include Implema (2022), Northclean (2022), and SellPower (2023), with multiple add-on transactions supporting these platforms through 2025 [S2].
What companies has Litorina acquired recently?
Recent add-on acquisitions include CoreChange’s SAP and BI Operations (added to Implema in January 2025), Siskon Siivous and Forenede Service (added to Northclean in November 2025), and Clean Factory (added to Northclean in August 2024) [S2]. The firm also completed exits of Brödernas and NEWS in March 2026 [S2].
Where is Litorina based and how big is the firm?
Litorina operates from Stockholm, Sweden [S1]. The firm’s latest fund, Litorina V, reportedly holds approximately SEK 3 billion in capital [S3].
Is Litorina still actively acquiring?
Yes, Litorina completed five add-on acquisitions between January 2025 and November 2025, indicating active deployment [S2]. The firm’s most recent disclosed transaction occurred in January 2025 [S2].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.