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Novax
Novax invests permanent capital from Axel Johnson to build growth-stage companies in food, security, and health across the Nordic region.
Novax
Novax is an active, long-term partner for growth companies and an ecosystem where individuals and organizations can thrive. By investing in, supporting, and developing small and medium-sized enterprises, we contribute to building successful companies and future pillars for Axel Johnson.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Sweden
City
Stockholm
Corporate office
Stockholm, Sweden
Sector focus
Frequently asked questions
Who provides the capital for Novax's investments?
Novax invests with permanent capital from its parent, Axel Johnson, the Swedish industrial group founded in 1873. This structure means Novax does not raise external funds; it deploys the group's balance sheet directly into growth companies.
What is the investment strategy of Novax?
The firm concentrates on active, long-term investments in small and medium-sized enterprises across three core sectors: food, security, and health. It also pursues opportunistic investments outside those verticals. Novax supports companies through growth, expansion, buyout, and pre-IPO stages.
Is Novax a family office?
No, Novax is not a family office. It is an asset manager and the dedicated growth investment arm of the Axel Johnson group. Unlike a family office that manages personal wealth, Novax invests a corporate balance sheet into operating companies that are intended to become future core businesses of the parent group.
How does Novax's permanent capital structure affect its deal-making?
Because it invests Axel Johnson's permanent capital, Novax is not constrained by a standard fund's investment period or exit timeline. This allows the firm to hold companies indefinitely and focus on long-term operational value creation rather than a near-term liquidity event.
Which sectors does Novax target?
Novax explicitly focuses on three verticals: food, security, and health. The firm also maintains a mandate for opportunistic investments outside these core areas, though it does not publicly disclose the sectors it avoids.
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