# Litorina

Litorina is an Asset Manager based in Stockholm, Sweden.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** litorina.se
- **LinkedIn:** https://www.linkedin.com/company/litorina

## About

Litorina is an active partner for value creation that has partnered with entrepreneurs and management teams since 1998. Its vision is to be the preferred partner to Nordic management teams that want to take their companies to full potential. It invests in profitable Nordic niche market leading companies, focusing on business services and consumer sectors, and aims to double the size of companies it invests in within four to seven years.

## Sectors

- Industrial Tech
- Consumer
- Healthcare Services
- Business Services

## People

- Harald Mix — Chairman & Co-founder
- Per Nordström — Chief Executive Officer

## Questions

### What deal size and company profile does Litorina target?

Litorina targets profitable Swedish companies with revenues between SEK 100 million and SEK 500 million. The firm acts as the first institutional owner in most cases, structuring majority buyouts. Target situations include generational succession, founder liquidity events, and corporate carve-outs from larger Swedish industrials.

### How does Litorina source deals compared to larger Nordic private equity firms?

Litorina sources primarily through its network of founders, corporate advisors, and regional intermediaries rather than broad auctions. The firm's two-decade concentration on the Swedish lower mid-market has created repeat-entrepreneur relationships and proprietary access to succession-driven deals that larger funds — constrained by minimum cheque sizes — cannot pursue.

### Who runs the firm alongside Harald Mix?

Per Nordström serves as Chief Executive Officer. Harald Mix remains Chairman and Co-founder, but his primary day-to-day focus has shifted to Vargas, the climate-tech holding company he co-founded. The Litorina investment team operates under Nordström's leadership with senior partners covering each of the firm's four sector verticals.

### What is Litorina's relationship to Vargas and the other Mix-founded firms?

Harald Mix co-founded both Litorina and Vargas, but they are separate legal entities with independent investment teams, capital bases, and mandates. Litorina invests in mature lower mid-market companies; Vargas builds and scales large industrial ventures in green steel and batteries, including H2 Green Steel and Northvolt. No co-investment linkage has been disclosed.

### Does Litorina participate in minority investments or growth-stage deals?

No. Litorina acquires majority control. The firm seeks to own at least 60–70% of its portfolio companies, installing independent board chairs and working with management on operational KPIs. Minority growth-equity or venture-stage positions are outside the firm's mandate.

### Which sectors does Litorina explicitly avoid?

Litorina has never invested in financial services, pure-play technology startups, or highly regulated infrastructure. The firm avoids pre-profit companies and sectors where Swedish lower mid-market fragmentation cannot be consolidated through bolt-on acquisitions.

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- [LiteCap](https://altss.com/profile/litecap)
- [Litquidity](https://altss.com/profile/litquidity)

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Last updated: 2026-08-11T15:07:19.634Z

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