We partner with founders to transformatively scale Nordic SMEs
Era Investor is an entrepeneurial firm, based in Norway. We invest our own capital in selected investments, and work alongside founders to transform their businesses.
ANNUAL REVENUES OF CURRENT PORTFOLIO COMPANIES (M NOK)
ANNUAL REVENUES OF CURRENT PORTFOLIO COMPANIES (M NOK)
ANNUAL REVENUES OF CURRENT PORTFOLIO COMPANIES (M NOK)
INVESTMENTS TO DATE (INCL. ADD-ONS)
INVESTMENTS TO DATE (INCL. ADD-ONS)
INVESTMENTS TO DATE (INCL. ADD-ONS)
AVG ANNUAL REVENUE GROWTH RATE (ORGANIC + INORGANIC)
AVG ANNUAL REVENUE GROWTH RATE (ORGANIC + INORGANIC)
AVG ANNUAL REVENUE GROWTH RATE (ORGANIC + INORGANIC)
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Our Focus
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Our Focus
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Our Focus
Well-established companies with untapped potential
Majority stakes in Nordic SMEs, working alongside founders as partners
Opportunities to transform both companies and the markets they serve
Aligned
Aligned
Aligned
We invest our own capital
We always have a significant personal stake in the success of the company, to ensure we act like founders.
Operational
Operational
Operational
We only invest when we can contribute
We only pursue opportunities where our experience means we can make a hands-on contribution to the team.
Focused
Focused
Focused
We only invest in a few companies at a time
Real change requires time and effort. Fewer investments ensures we have the capacity to help management achieve the plan we develop together.
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Investments
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Investments
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Investments
A track record of scaling Nordic businesses
Building a leading European veterinary chain.
AniCura was founded in 2011 with the acquisition of a handful of animal hospitals in Sweden. The company completed around 200 acquisitions and grew into a European leader with 5,500 employees across 10 countries. As investors and in key management roles, we were responsible for day-to-day operations, M&A and strategic initiatives like pricing excellence, customer experience improvements and organsational development.
Entry:
2014 (management investors)
Exit:
2018
Turnover:
ca. NOK 6B at exit
Number of add-ons:
200+
Building a leading European veterinary chain.
AniCura was founded in 2011 with the acquisition of a handful of animal hospitals in Sweden. The company completed around 200 acquisitions and grew into a European leader with 5,500 employees across 10 countries. As investors and in key management roles, we were responsible for day-to-day operations, M&A and strategic initiatives like pricing excellence, customer experience improvements and organsational development.
Entry:
2014 (management investors)
Exit:
2018
Turnover:
ca. NOK 6B at exit
Number of add-ons:
200+
From local player to European leader.
Lexit is an integrator of hardware and software solutions to logistics, industry and retail. During our ownership, we focused on profitable growth in the core, divesting a non-core business unit and reinvesting proceeds into 6 strategic acquisitions. Profits grew 5x, making Lexit the Nordic leader with over NOK 1B in sales. In 2024, a German PE fund acquired Lexit as it geared up for European expansion.
Entry:
2019
Exit:
2024
Turnover:
Ca. NOK 1B at exit
Number of add-ons:
6
From local player to European leader.
Lexit is an integrator of hardware and software solutions to logistics, industry and retail. During our ownership, we focused on profitable growth in the core, divesting a non-core business unit and reinvesting proceeds into 6 strategic acquisitions. Profits grew 5x, making Lexit the Nordic leader with over NOK 1B in sales. In 2024, a German PE fund acquired Lexit as it geared up for European expansion.
Entry:
2019
Exit:
2024
Turnover:
Ca. NOK 1B at exit
Number of add-ons:
6
Creating the leading Norwegian foodservice player for independent customers.
DLVRY was established in 2018, by merging three distributors with combined revenues of NOK 200m. Since then, the NOK 3.8B NOK DLVRY Group has been formed through 20+ acquisitions in partnership with the PE fund Adelis. By combining a strong local presence with a cost-effective national structure and best-in class procurement, DLVRY combines improved margins with a superior offering for the most service-intensive customer segments.
Entry:
2018
Exit:
Still active
Turnover:
Ca. NOK 3.8B (2025)
Number of add-ons:
20+
Creating the leading Norwegian foodservice player for independent customers.
DLVRY was established in 2018, by merging three distributors with combined revenues of NOK 200m. Since then, the NOK 3.8B NOK DLVRY Group has been formed through 20+ acquisitions in partnership with the PE fund Adelis. By combining a strong local presence with a cost-effective national structure and best-in class procurement, DLVRY combines improved margins with a superior offering for the most service-intensive customer segments.
Entry:
2018
Exit:
Still active
Turnover:
Ca. NOK 3.8B (2025)
Number of add-ons:
20+
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OUR JOURNEY
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OUR JOURNEY
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OUR JOURNEY
Our investment model is shaped by our own journey from operators to investors
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Operators
Operators
At AniCura, we were part of the management team that built a leading European player. We still think like operators first.
At AniCura, we were part of the management team that built a leading European player. We still think like operators first.
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Entrepeneurs
Entrepeneurs
Scandic Invest, the forerunner to Era Investor, was bootstrapped in 2015 and had launched two billion+ NOK businesses by 2022. We bring the same entrepreneurial spirit to all our investments.
Scandic Invest, the forerunner to Era Investor, was bootstrapped in 2015 and had launched two billion+ NOK businesses by 2022. We bring the same entrepreneurial spirit to all our investments.
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Investors
Investors
We draw on lessons learned from our involvement in 200+ acquisitions. Honed across 10+ years of professional investing, our model has delivered top-decile returns to investors
We draw on lessons learned from our involvement in 200+ acquisitions. Honed across 10+ years of professional investing, our model has delivered top-decile returns to investors
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OUR TEAM
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OUR TEAM
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OUR TEAM
Who we are
Øyvind Brøgger
Partner
Oslo
Øyvind is a Partner and co-founder at Era Investor, having joined its predecessor Scandic Invest as a Partner in 2019.
Prior to this, Øyvind served as Chief Operating Officer of AniCura Group, a NOK 6 billion business spanning 10 countries and over 5,000 professionals.
As Senior Manager at Bain & Company, Øyvind focused on Private Equity and corporate strategy. He holds a BSc from the London School of Economics (LSE) and is a graduate of the Norwegian School of Entrepreneurship.
Email: oyvind.brogger@erainvestor.no
Tel: +47 94 50 72 10
Øyvind Brøgger
Partner
Oslo
Øyvind is a Partner and co-founder at Era Investor, having joined its predecessor Scandic Invest as a Partner in 2019.
Prior to this, Øyvind served as Chief Operating Officer of AniCura Group, a NOK 6 billion business spanning 10 countries and over 5,000 professionals.
As Senior Manager at Bain & Company, Øyvind focused on Private Equity and corporate strategy. He holds a BSc from the London School of Economics (LSE) and is a graduate of the Norwegian School of Entrepreneurship.
Email: oyvind.brogger@erainvestor.no
Tel: +47 94 50 72 10
Øyvind Brøgger
Partner
Oslo
Øyvind is a Partner and co-founder at Era Investor, having joined its predecessor Scandic Invest as a Partner in 2019.
Prior to this, Øyvind served as Chief Operating Officer of AniCura Group, a NOK 6 billion business spanning 10 countries and over 5,000 professionals.
As Senior Manager at Bain & Company, Øyvind focused on Private Equity and corporate strategy. He holds a BSc from the London School of Economics (LSE) and is a graduate of the Norwegian School of Entrepreneurship.
Email: oyvind.brogger@erainvestor.no
Tel: +47 94 50 72 10
Erik Hauge
Partner
Oslo
Erik is a Partner and co-founder at Era Investor, having co-founded its predecessor Scandic Invest in 2015.
Erik previously served as Country Manager for AniCura in Norway, where he led a team of 500 veterinary professionals across 45 clinics.
Erik began his career as a Manager at consulting firm Bain & Company where he mainly advised Private Equity clients. He holds a BSc from the London School of Economics (LSE) and an MBA from INSEAD.
Email: erik.hauge@erainvestor.no
Tel: +47 94 50 72 13
Erik Hauge
Partner
Oslo
Erik is a Partner and co-founder at Era Investor, having co-founded its predecessor Scandic Invest in 2015.
Erik previously served as Country Manager for AniCura in Norway, where he led a team of 500 veterinary professionals across 45 clinics.
Erik began his career as a Manager at consulting firm Bain & Company where he mainly advised Private Equity clients. He holds a BSc from the London School of Economics (LSE) and an MBA from INSEAD.
Email: erik.hauge@erainvestor.no
Tel: +47 94 50 72 13
Erik Hauge
Partner
Oslo
Erik is a Partner and co-founder at Era Investor, having co-founded its predecessor Scandic Invest in 2015.
Erik previously served as Country Manager for AniCura in Norway, where he led a team of 500 veterinary professionals across 45 clinics.
Erik began his career as a Manager at consulting firm Bain & Company where he mainly advised Private Equity clients. He holds a BSc from the London School of Economics (LSE) and an MBA from INSEAD.
Email: erik.hauge@erainvestor.no
Tel: +47 94 50 72 13