Bonnier Capital

Congratulations to our portfolio company Safe Life AB and founders Jimmy Eriksson and Alexander Albedj for another successful acquisition of Medisol 🌟👏🏻 https://lnkd.in/ddSeGgrQ

New head of Bonnier Capital - Carl Backman takes office on 1 June 2024 as CEO of Bonnier Capital, Bonnier Group's investment company. Bonnier Capital has an investment focus on Nordic growth companies in areas with structural growth where Bonnier can be a long-term partner to entrepreneurs and company management. Carl Backman was most recently CEO of JCE Group AB, a family-owned international investment company based in Gothenburg. The investment focus is, among other things, in digitization and automation. In 2022, JCE had reported assets of SEK 4.2 billion and approximately 5,000 employees within the group. Carl has extensive experience in investment activities and worked for 12 years in various roles within Bure Equity, both as Investment Manager and CEO. 2010–2018, Carl also worked as Investment Director for Fouriertransform, a venture company owned by the Swedish state. The investment mandate was within the Swedish manufacturing industry with investments in, among other things, the automotive industry and medical technology. Carl has a Master of Science from KTH and Chalmers and an MBA from the Gothenburg School of Economics. "Carl has an impressive and very long experience from investments and business development within a range of small and medium-sized companies", says Jakob Tolleryd, Chairman of the Board of Bonnier Capital. "His competences cover all the needs we have to continue building a successful Bonnier Capital." "I am really looking forward to working for Bonnier", says Carl Backman. "I have experience with family-owned companies, an ownership model which has many advantages that appeal to me. Bonnier owns and runs companies with a long-term perspective and a strong value base. The ambition within Bonnier Capital is to, together with the employees, focus and establish Bonnier in focus areas with good growth." "I am confident that Carl, together with chairman of the board Jakob Tolleryd and the investment team, will carry out many exciting and interesting investments in the future", says Erik Haegerstrand of Bonnier Group Bonnier Capital’s total investment portfolio, including funds and non-active investments, were valued to SEK 2.6 billion at the end of the 2023. Bonnier Group's available net cash, excluding Bonnier Fastigheter, is 5.2 billion SEK.

Just a week ago we could proudly announce the investment in Safe Life AB, and today we're happy to share some exciting news from them. Safe Life AB, the Stockholm-based provider of life-saving solutions with portfolio companies across Europe and North America, announces the strategic acquisition of its most recent US and UK companies, GoRescue and First Rescue Training & Supplies Ltd, respectively. These additions mark acquisitions number 23 and 24 for Safe Life since 2019 and strengthen the company's position as the market leading provider of AEDs in North America and Europe. After the acquisitions, Safe Life will have combined revenue of over $160 million (over SEK 1.6 billion) on a pro forma basis for the financial year 2023.  "We are thrilled to welcome GoRescue and First Rescue to Safe Life," states Jimmy Eriksson, Safe Life CEO. "These acquisitions not only enhance our footprint in the American and UK markets but also broadens our range of offerings, enabling us to provide comprehensive solutions to our valued customers." The new addition in the U.S. combines GoRescue's decades of experience in training and AED sales with Safe Life's established foothold in the largest AED market in the world. Along with AED sales, GoRescue's core competencies include specialized CPR and AED certification training, and AED365, focusing on AED program management. "Our team at GoRescue is extremely excited to become part of the Safe Life family so that we can accelerate growth, better serve our clients with lifesaving solutions, and strengthen the Chain of Survival across the United States," said Brady B. McLaughlin, Founder and CEO at GoRescue. The new add-on in the UK with First Rescue strengthens Safe Life's e-commerce presence in the market and the combination will create the largest AED provider in the UK. "We are excited to be part of the global leader in AEDs. First Rescue has a bright future with Safe Life, and we look forward to helping save even more lives in the UK," said Craig Ward, Founder and CEO at First Rescue. With a recent capital raise, Safe Life is in position to continue to make strategic acquisitions in its core geographical markets. With investments made into both human capital and systems, Safe Life will continue with its relentless mission to save more lives.

We are happy to announce that we are investing in the health care company Safe Life AB Bonnier Capital invests in a directed issue of up to SEK 350 million in Safe Life – a Swedish company whose core business is the sale, rental and monitoring of defibrillators and training in CPR. Safe Life was founded in Sweden in 2019 and now has operations in nine countries in Europe and North America, including Sweden, Finland, U.K., Canada, and the U.S. Pro forma turnover in 2023 was SEK 1.4 billion. The investment in Safe Life, which operates in the health care sector, is another step in Bonnier Capital's strategy to invest in companies that are assessed to have good and sustainable growth potential. Safe Life enables emergency care for people who suffer cardiac arrest outside of hospitals, in the sort of surroundings where we spend most of our everyday lives. “We are impressed by the work from the founders and how they have developed the company in recent years”, says Sofia Hasselberg, Investment Director at Bonnier Capital, who will sit on Safe Life's board. “In just five years, they have taken the company to become a leading player in the global public access market for defibrillators. We look forward to working with Safe Life and their current owners and contributing to the company's continued growth.” “We are very happy about the partnership we have now entered into with Bonnier Capital, which supports our ambitious plans with responsible ownership. Bonnier Capital contributes exactly the kind of resources we believe are necessary to achieve our goals. I am convinced that Safe Life's prospects for the future are bright with Bonnier on board”, says Safe Life's CEO Jimmy Eriksson, who founded the company together with the company's Head of M&A Alexander Albedj. In connection with the transaction, which requires regulatory approval, Bonnier Capital also intends to acquire shares from existing owners for up to SEK 90 million. For more information, please contact Sofia Hasselberg.

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We are pleased to share that Bonnier Capital has significantly increased its investment in Natural Cycles°, a leader in digital birth control and fertility technology, with over 100 million SEK worth of share purchases throughout 2023. This investment reflects Bonnier Capital’s confidence in NC°’s positive trajectory, highlighted by their recent FDA approval for Apple Watch integration. It is also a strong match with Bonnier Capital's strategy of investing in and supporting companies for the long-term. We are very excited to continue our journey together Elina Berglund Scherwitzl Raoul Scherwitzl and the NC° team!

This past Friday, Bonnier Capital hosted a breakfast event where key individuals from our portfolio companies came together for networking, presentations and a panel discussion. Erik Haegerstrand, the CEO and Chairman of the Bonnier Group, delivered an update from the Bonnier Group. Robert Bergqvist, Senior Economist at SEB presented an insightful analysis of the current macroeconomic landscape, fielding inquisitive questions from the audience.  This was followed by a panel discussion moderated by Björn Jeffery on how to balance sustainable growth and profitability through turbulent times. The panel featured representatives from the Bonnier Capital portfolio, Emily Villatte (Acast), Simon Afeworki (Natural Cycles°), Elin Morales Härén (Airmee) and Carolin Christiansson (Storykit), who all shared their experiences and advice. It's been wonderful for us at Bonnier Capital to have the chance to meet everyone face-to-face, creating a fantastic opportunity for our Portfolio Companies to engage, interact, and learn from each other. We are already looking forward to the next Portfolio Breakfast!

We are pleased to share that FDA has cleared the Apple Watch for use with Natural Cycles°. This integration allows NC° users to seamlessly import data into the NC° app from compatible Apple Watches, further simplifying the use of natural birth control. A huge round of applause to Elina Berglund Scherwitzl Raoul Scherwitzl Lauren Hanafin and the Natural Cycles° team! Your dedication to pioneering advancements in women's health, backed by meticulous research and genuine passion, continues to inspire. We're immensely proud to be part of your journey. 🌟 Read more here: https://lnkd.in/dUjnwp9b #WomensHealth #FDAclearance #DigitalHealth #NaturalCycles