Röko

Röko uses its own balance sheet rather than a traditional drawdown fund. It seeks to acquire stable companies outright and hold them indefinitely with no predetermined exit timeline. This perpetual capital structure means the firm is not forced to sell assets to return capital to limited partners.

The firm targets profitable small- and medium-sized businesses in Europe with EBITA between two and ten million euros, an EBITA margin of at least 15 percent, continuous profit growth, and a leading market position. Targets typically have asset-light balance sheets and strong management teams operating in niche B2B or B2C markets.

No. Röko explicitly states it does not introduce itself as an operational leader; it uses a decentralized governance model where management teams retain full responsibility for decision-making. The firm acts as a sounding board and provides guidance only when requested, aligning interests through equity partnerships and long-term incentive programs in most subsidiaries.

Co-Founder and Chairman Tomas Billing, Co-Founder and Deputy CEO Fredrik Karlsson, and CEO and Head of B2C Johan Bladh sit at the center of the investment process. Regional investment managers — Anders Nordby for the UK and B2B, Fabian Speiser for DACH and Italy, and Arvid Runéus for Benelux and France — lead sourcing and deal execution in their respective geographies.

Röko is headquartered in Stockholm, Sweden, and invests across Europe. Named regional coverage includes the UK, DACH (Germany, Austria, Switzerland), Italy, the Benelux countries, and France. The firm depicts this as a pan-European strategy for small- and medium-sized niche companies.