Bertel O. Steen Kapital invests in unlisted Norwegian growth companies with a potential for international expansion. We have a long-term perspective and deploy a proven approach to active ownership.  

We concentrate on small and medium-sized companies, approaching these investments in collaboration with founders and partner investors to accelerate profitable growth. We take both majority and minority positions and forge strong partnerships in every situation.  

We typically invest in companies with revenues of NOK 50–500 million at the time of investment, and prefer companies who operate in markets with robust, understandable growth drivers.


Bertel O. Steen Kapital can add significant value to:

  • Companies in need of new, competent growth capital for organic or structural initiatives
  • Companies facing a generational transition
  • Situations where owners have diverging needs going forward
  • Restructuring of larger groups, need for new ownership of parts of the group


Bertel O. Steen Kapital is part of the Bertel O. Steen group under Bertel O. Steen Holding, a company that has been owned by the Steen family for close to 120 years. Embedded in this heritage is our commitment to the long-term development and value creation of our companies and our investments.