Eltek Holding

Eltek Holding

Founded in 2008 by Morten F. Angelil, Eltek Holding formalized the family's pivot away from the legacy Eltek Group, a power-systems business his father Alain F. Angelil had built into a global telecom-infrastructure supplier before it was sold. The firm operates as a concentrated holding company rather than a diversified fund manager, keeping portfolio counts deliberately low. Morten Angelil serves as Owner and Chairman, with CEO Lars Jervan and CFO Pål Skistad managing day-to-day operations. Partner Birgitte Feginn Angelil completes the senior team. Eltek Holding targets control or significant-minority stakes in technology-driven industrial companies, deploying capital from the family’s balance sheet without third-party fundraising cycles. The firm's stated sectors — energy, information and communications technology, advanced media, and industrial markets — reflect a generalist mandate anchored in mature European operating companies. Confirmed portfolio positions include Dynea, an adhesives and specialty-chemicals manufacturer active across the Nordic region, and Bimo Kapital AS, a Norwegian investment vehicle. The firm's commercial real estate footprint spans key downtown assets at Sommerrogata 13-15 in Oslo and Grønland 51 in Drammen. The firm does not publicly disclose assets under management or total deployment, nor does it maintain a widely-tracked social or professional-media presence. Its headquarters occupies the Sommerrogata property in Oslo, with additional operating roots in Drammen. Industrial affiliations run through the Confederation of Norwegian Enterprise (NHO), where portfolio companies like Dynea hold active memberships. The Angelil family's broader interests extend beyond core holdings to a noted collector-grade Porsche fleet maintained by the founder. Eltek Holding operates without an institutional fundraising mandate, a feature that allows it to hold assets indefinitely and bypass the deployment pressure typical of closed-end funds. This permanent-capital posture sits at the intersection of a single-family office and an industrial holding group — neither an allocator on behalf of outside LPs nor a pure venture investor. Governance resides with a tight-knit team of family members and long-tenured business partners, a structure that concentrates decision-making authority around the chairman and CEO while leaving succession architecture undefined in the public record.