Framheim Capital Partners is Patrik Egeland and Fredrik Ekholm. We have worked together since 2022, building and improving infrastructure-services companies as owners. We now do the same work as an independent firm, as majority owners alongside founders in Norway, Sweden and Finland.
Before Framheim we worked together for three years at ININ Group, a listed owner of Nordic infrastructure-services companies. The work fell into three kinds, and they are the three we do now.
In rail, we helped combine a number of contractors, each with its own trade, into one group that could take on work none of them could bid for alone. The group was sold to an industrial owner in 2026.
In power-grid services, we worked on the purchase of a loss-making contractor and on the programme that returned it to profit. The programme covered supplier terms, invoicing, which projects to bid for, and incentives tied to results.
In testing and inspection, we helped start a company with two experienced founders, and sat on its board as it grew through new offices and a few small acquisitions.
We buy privately owned service companies whose work needs certified people and accredited processes. They typically have EUR 5m to 50m in revenue. Examples are companies whose field teams work on power grids, rail, water and wastewater systems, defence sites or industrial plants.
Most companies of this size in Norway, Sweden and Finland are still owned by their founders or the founding family. When they are sold, the buyer is often a foreign group or a listed acquirer.
We offer another route. You sell a majority, reinvest alongside us and keep running the company. We bring capital for acquisitions and a board that works with you on financial control, pricing and recruitment. Some years on the company is sold again, and you sell your remaining share in a larger business.
We met at ININ Group in 2022 and worked there together until 2025. We founded Framheim that November to continue the same work with committed, long-term capital.
The firm is named after Roald Amundsen’s base on the Ross Ice Shelf, where the 1911 South Pole expedition was planned through the winter before anyone set out.
Patrik Egeland and Fredrik Ekholm, Oslo
Patrik has worked in private equity since 2004, first at Herkules Capital and then as a founding partner of Capillar Equity. He was Head of Investments at ININ Group before co-founding Framheim.
Fredrik started as a transaction adviser at EY-Parthenon, then spent five years in the rail industry at VR Track and NRC Group. He was Investment Director at ININ Group before co-founding Framheim.