Mimir Capital
Mimir Capital is a Stockholm-based private investment firm specializing in acquiring non-core divisions from large corporations and developing them into standalone companies across defense technology, fintech, industrial machinery, packaging, and energy sectors, operating in 60+ countries.
- Company typePrivate
- Founded2013
- HeadquartersStockholm, Sweden
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Mimir Capital does
Mimir Capital is a Stockholm-based private investment firm specializing in carve-out acquisitions from large corporations, operating across 60+ countries with experience in complex multi-jurisdictional transactions in 35+ jurisdictions. The firm acquires non-core divisions and business units, then applies a permanent in-house operations team to execute five separations — technology, finance, management team, brand, and governance — over a 12–18 month post-acquisition window. Their stated value proposition is generating a "standalone premium," a measurable valuation increment from transforming dependent divisions into well-governed, fully independent companies with audited financials and proven management. Revenue is realized through capital gains on eventual exits and through the operating performance of the wholly-owned platform companies.
The firm has completed 15+ carve-out acquisitions since inception, building a portfolio spanning defense technology (Euroatlas with the Greyshark autonomous AI-driven underwater drone in partnership with Rheinmetall), fintech (Everspring Solutions with Medipay, carved out of Swedbank's PayEx), metal recycling machinery (Lindemann and Texas Shredder, with 110+ years of brand heritage), advanced metal powders for additive manufacturing (Osprey, pending acquisition from Sandvik with 2,000+ alloy variants), sustainable packaging (Trillora), piping and nuclear engineering (Recion, supplying reactor modules for Steady Energy's SMR pilot), industrial insulation (Thermion), wood products (Puumerkki), and sustainable office interiors (Modus). Portfolio companies collectively employ approximately 1,000 people across more than 20 countries.
Mimir's go-to-market is sales-led and relationship-driven, targeting corporate sellers (typically large Nordic and global multinationals) seeking a trusted buyer for complex divestitures. The firm differentiates itself through a 100% closing-delivery record on signed agreements and through operational playbooks refined across 20+ transactions. Pricing and deal terms are negotiated privately. The firm operates a perpetual investment model rather than a traditional fund-based structure, with ownership concentrated among founding managing partners Joakim Notö (Group Chairman), Erik Bork (Group CEO), and Dr. Jeff Bork, supported by a leadership bench including CFO Marie Lantz, COO Dan Josefsberg, and industrial advisors with backgrounds in PE, advisory, and industrial operating roles.
Mimir Capital firmographics
Firmographics- Name
- Mimir Capital
- Legal name
- Mimir Invest AB
- Website
- http://mimirinvest.com/
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Mimir Capital is a Stockholm-based private investment firm specializing in acquiring non-core divisions from large corporations and developing them into standalone companies across defense technology, fintech, industrial machinery, packaging, and energy sectors, operating in 60+ countries.
- Ownership category
- akta.pro rank
Mimir Capital industry classification
Industry- Product category
- Private Equity / Carve-Out Investment
- NAICS
- Corporate, Subsidiary, and Regional Managing Offices (551114), Other Financial Vehicles (525990)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Operator-Led / CEO-in-Residence ETA (FSANALAI)
- akta.pro secondary industry
- Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)
Keywords
Where Mimir Capital is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices6 records
Markets served
Mimir Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Investment Management / Capital Gains: Mimir Capital generates returns through acquiring divisions from large corporations, building them into standalone companies, and selling them for a profit. The firm takes an active ownership role, building market-leading sustainable businesses with a proven track record of fuelling growth. Revenue is realized through exit events rather than recurring fees.
- Portfolio Company Operations: Operating companies within the Mimir portfolio (Euroatlas, Everspring, Lindemann, Recion, Thermion, Trillora, etc.) generate revenue through the sale of their respective products and services across defense, fintech, industrial machinery, piping solutions, insulation services, and packaging.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Mimir Capital product offering
Product offeringCore offering
Mimir Capital is a private investment firm specializing in acquiring non-core divisions and business units from large corporations. It transforms these carved-out operations into standalone market-leading companies through 12-18 months of hands-on operational involvement covering IT separation, finance function build, management team completion, brand transition, and governance establishment. The firm operates across 60+ countries with experience in 35+ multi-jurisdictional transactions and holds a portfolio spanning defense technology, fintech, industrial machinery, packaging, piping solutions, and insulation.
Product overview
Mimir Capital is a global carve-out investment firm that acquires divisions from large corporations and builds them into standalone growth companies. The investment portfolio comprises multiple platform companies spanning defense technology (Euroatlas with Greyshark AUV), fintech (Everspring Solutions with Medipay), packaging (Trillora), metal recycling (Lindemann), nuclear/energy piping (Recion), and industrial insulation (Thermion). The firm also has other investments including Puumerkki (wood products), Modus (sustainable offices), and Hulåns Snickerifabrik (carpentry). The company operates across 60+ countries and specializes in sectors including technology, life science, diversified industrials, defense, energy & power, and business services.
Differentiator
Problem solved
Functional benefit
Products and services
- Euroatlas Independent developer and manufacturer of power electronics and opto-electronic vision systems for military and demanding commercial applications. Headquartered in Bremen, Germany.
- Everspring Solutions Nordic fintech platform providing digital payments and loyalty solutions including Medipay for healthcare payments, digital gift cards, value codes, and tailored merchant financing across the Nordics.
- Trillora Global leader in sustainable packaging solutions serving brands and retailers with custom packaging design, sustainable materials sourcing, and end-to-end supply chain management.
- Lindemann World-renowned designer, developer, and producer of premium machinery for the scrap and metal processing industry with over 110 years of experience, including the Texas Shredder brand.
- Recion Comprehensive piping solutions provider offering engineering, project management, manufacturing, and mechanical installations for projects in energy, nuclear, and process industries. Headquartered in Helsinki, Finland.
- Thermion Leading service and contracting company providing technical insulation, cladding, and engineering services for energy efficiency and sustainability across energy, industrial, and construction sectors.
- Greyshark Autonomous Underwater Vehicle Autonomous AI-driven underwater drone developed by portfolio company Euroatlas, designed for naval defence applications including ISR, mine countermeasures, and coastal defence. Capable of operating autonomously, in swarms, and alongside other defence systems.
- Osprey Metal Powders World-leading producer of gas-atomised metal powders for advanced manufacturing, serving aerospace, defense, medical technology, energy, and automotive sectors with over 2,000 alloy variants and 50+ years of experience.
Quantifiable outcome
- Energy savings of 2,890 MWh per year for a major Swedish dairy (Thermion), equivalent to annual energy consumption of ~300 Swedish households; 128 tonnes CO₂ avoided annually; up to 89% energy reduction on improved sections.
- +4 more outcomes
Companies that use Mimir Capital
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles1 record
Mimir Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature5 records
Mimir Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Steady EnergycoreRecion (Mimir portfolio company) has been selected as technology partner to supply the reactor module for Steady Energy's LDR-e small modular reactor (SMR) pilot facility in Europe. Recion will deliver the complete reactor module — one of the most critical components of the plant — and will play a central role in reactor design for Steady Energy's future projects beyond the pilot phase. The partnership strengthens Steady Energy's EU-based supply chain.
- PayEx (Swedbank)corePayEx (a Swedbank-owned fintech company) has entered a long-term partnership with Mimir to carve out part of its operations into a new company, Everspring. PayEx retains a significant minority stake in Everspring alongside Mimir as majority owner. The transaction structured as a partnership allows PayEx to remain a committed co-owner while Everspring operates independently.
- RheinmetallcoreEuroatlas (Mimir portfolio company) has partnered with Rheinmetall to deliver Europe's next generation autonomous underwater capability for coastal defence. At the heart of this partnership is GREYSHARK, Euroatlas's highly advanced Autonomous Underwater Vehicle. The partnership includes embedding GREYSHARK into Rheinmetall's global coastal defence architecture, co-development of tailored variants for specific operational requirements, and ensuring a secure European manufacturing and sustainment footprint for sovereign deployment.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Mimir Capital competitors and assessment
Company assessmentRegional players
- Summa Equity: Nordic/European thematic PE firm focused on sustainable and resilient businesses, often taking carve-out-style positions. Comparable to Mimir in Nordic roots and portfolio approach, though with a more thematic ESG lens.
Direct peers
- Axcel: Danish/Nordic PE firm investing in mid-market companies across industrials, business services, and consumer. Comparable to Mimir in regional focus and carve-out deal flow from Scandinavian corporates.
- AEA Investors: US-headquartered PE firm historically focused on carve-outs of non-core divisions from large corporates. Comparable to Mimir in deal-type specialization (corporate carve-outs) and operational value-creation orientation.
- Triton Partners: European mid-market PE firm headquartered in Stockholm with a strong Nordic industrial carve-out franchise. Comparable to Mimir in deal type (carve-outs from large corporates), sector focus (industrials, business services), and Nordic operational model.
- Stirling Square Capital Partners: European mid-market PE firm focused on complex carve-outs and corporate divestitures across the DACH and Nordic regions. Highly comparable to Mimir in deal type and operational separation expertise.
- IK Investment Partners: Pan-Nordic PE firm with offices across Northern Europe investing in mid-market industrials, business services, and consumer carve-outs. Closely comparable in target geography, mid/large-cap carve-out orientation, and operational value-creation approach.
- Nordic Capital: Stockholm-based PE firm focused on healthcare, technology, financial services, and industrial carve-outs in the Nordics. Closely comparable to Mimir in target geography, sector mix, and preference for complex carve-out situations from large Nordic corporates.
- EQT AB: Stockholm-headquartered global PE firm with deep Nordic roots and an operator-led, sector-specialist model. Highly comparable to Mimir in geography, scale of AUM, operational approach, and industrial carve-out activity.
- Altor Equity Partners: Nordic PE firm focused on mid-market companies with strong sector specialism in industrials, consumer, and services. Comparable to Mimir in Nordic roots, operational involvement, and preference for complex carve-out transactions.
Broad incumbents
- Platinum Equity: Global PE firm specializing in corporate carve-outs, divestitures, and complex operational situations. Eugene Ciemnyjewski (now CEO of Euroatlas) previously worked at Platinum Equity, indicating direct talent overlap with Mimir and comparable carve-out DNA.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Mimir Capital social profiles
Digital presenceMimir Capital compliance and trust
Trust signalCompliance1 record
Mimir Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mimir Capital leadership team
Management profileNumber of profiles
Profiles10 records
Mimir Capital subsidiaries and ownership
Company hierarchySubsidiaries11 records
Mimir Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mimir Capital M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mimir Capital
What does Mimir Capital do?
Mimir Capital is a private investment firm specializing in acquiring non-core divisions and business units from large corporations. It transforms these carved-out operations into standalone market-leading companies through 12-18 months of hands-on operational involvement covering IT separation, finance function build, management team completion, brand transition, and governance establishment. The firm operates across 60+ countries with experience in 35+ multi-jurisdictional transactions and holds a portfolio spanning defense technology, fintech, industrial machinery, packaging, piping solutions, and insulation.
Is Mimir Capital a public or private company?
Mimir Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Mimir Capital founded?
Mimir Capital was founded in 2013. It employs 1,001 to 5,000 people.
Where is Mimir Capital based?
Mimir Capital is headquartered in Stockholm, Sweden, in the Europe region.
How does Mimir Capital make money?
Two revenue lines are on record. Investment Management / Capital Gains are the primary driver. The others are portfolio Company Operations.
Who are Mimir Capital's main competitors?
Summa Equity is listed as a regional player. Direct peers are Axcel, AEA Investors, Triton Partners, Stirling Square Capital Partners, IK Investment Partners, Nordic Capital, EQT AB and Altor Equity Partners. Platinum Equity is listed as a broad incumbent.
Does Mimir Capital have an API?
No public API is recorded for Mimir Capital.
What industry is Mimir Capital in?
Mimir Capital's product category is Private Equity / Carve-Out Investment. Its primary akta.pro industry code is FSANALAI, Operator-Led / CEO-in-Residence ETA, with a secondary code of FSANAHAN, Corporate Strategic Real Assets & Infrastructure Venture Investing. Its NAICS code is 551114 and its SIC code is 6159.