ADELIS SSID ADVISORY AB

Thesis

Adelis Equity Partners is a Nordic-focused investment firm that partners with well-positioned, mid-market companies to drive growth and transformation. The firm specializes in three core sectors: Business Services, Tech & Software, and Healthcare & Life Sciences. Adelis typically invests in companies with revenues between €10–300 million across Northern Europe. Their investment thesis centers on partnering with ambitious entrepreneurs and management teams to build market leaders, often seeking to consolidate fragmented markets and build European or global champions. Their strategy involves a long-term approach, enabling real transformation through industry consolidation, digitalization, staff growth, and international expansion. The firm manages approximately €2.5 billion in capital as of late 2021, with its third buyout fund closing at €932 million in November 2021. More recently, in 2025, they raised Adelis Equity Partners Fund IV AB with total commitments of EUR 1.6 billion, bringing the firm's total capital raised to over EUR 4.25 billion. The firm has approximately $4.3 billion in assets under management. Adelis primarily focuses on companies in the Nordic region and the DACH (Germany, Austria, Switzerland) region. While the firm's website indicates a focus on Northern Europe, specific deal information points to investments in Denmark and Sweden. Adelis invests in small to medium-sized companies and engages in various stages of investment, supporting companies through significant growth phases. Their strategy includes platform investments and a significant number of add-on acquisitions, with over 300 add-on investments made. Adelis Equity Partners usually invests $100+ million on average per deal.