# ICA Gruppen

ICA Gruppen is a Private Equity based in Solna, Sweden.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Solna, Sweden
- **Region:** Europe
- **Address:** Solna, Sweden
- **Founded:** 1917
- **Assets under management:** Undisclosed
- **Website:** icagruppen.se
- **LinkedIn:** https://se.linkedin.com/company/ica

## Regulatory record

- **Reports private funds:** No

## About

ICA Gruppen is a group whose core business is grocery retail (dagligvaror). Operations are divided into the segments ICA Sverige, Apotek Hjärtat, ICA Fastigheter and ICA Banken. The group is mainly active in Sweden and has approximately 1,660 own and retailer-owned stores and pharmacies. Its vision is to make every day a little easier.

## Sectors

- Real Estate
- Financial Services
- Retail

## People

- Gabriella Ohlzon — Pressansvarig
- Edvard Lind — Tf. chef Opinion och press
- Gustaf Nilsson — Pressansvarig
- Helena Johansson — Pressansvarig

## Questions

### How does ICA Banken fit into the wider ICA Gruppen model?

ICA Banken uses the high footfall of ICA's grocery network in Sweden to cross-sell retail banking, mortgages, and insurance. With over one million customers, it acquires depositors and borrowers at lower cost than standalone banks. The bank's revenue streams stabilize group earnings against grocery margin fluctuations.

### What is the role of ICA Fastigheter in the group?

ICA Fastigheter owns and manages commercial real estate that houses ICA stores and other retail units. By controlling the property, the group locks in location costs and captures property appreciation rather than paying external landlords. The division also develops and acquires assets aligned with the core grocery footprint.

### What investment strategies does ICA Gruppen employ?

The group runs a corporate holding model rather than a traditional buyout fund. It integrates buy-and-build in grocery retail, real estate investment through ICA Fastigheter, retail banking growth at ICA Banken, and healthcare-adjacent pharmacy operations via Apotek Hjärtat. Historically tagged strategies include buyout, growth, and restructuring, applied across its operating subsidiaries.

## Related profiles

- [ICA Fund Good Jobs](https://altss.com/profile/ica-fund-good-jobs)
- [iCamp](https://altss.com/profile/icamp)

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Last updated: 2026-08-11T15:07:05.535Z

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