ADELIS ADVISORY III AB

Thesis

Adelis Equity Partners is a Stockholm-based private equity firm founded in 2012, specializing in growth-oriented investments in small to medium-sized companies across Northern Europe. The firm targets companies with revenues typically between €10 million and €300 million, operating in attractive market segments with significant growth potential and leading market positions. Their investment strategy is concentrated on three core sectors: Business Services, Tech & Software, and Healthcare & Life Sciences. Adelis acts as a value-adding partner, supporting companies through organic initiatives and strategic acquisitions, often leading industry consolidation. They prefer control-oriented investments and aim to build long-term value through digitalization, international expansion, and staff growth. The firm backs companies at Series B and Late Stage (Series C+), with a focus on growth phases and often taking control stakes, writing tickets of $100+ million. The firm has raised substantial capital across multiple funds, with Adelis Equity Partners Fund IV AB raised in 2025 with total commitments of EUR 1.6 billion, bringing the firm's total capital raised to over EUR 4.25 billion. Adelis's investor base comprises leading pension funds, life insurers, foundations, and endowments from Europe and North America. The firm boasts a team of approximately 24-30 deal professionals.