Formica Capital | Single Family Office in Gothenburg, Sweden

formica capital single family office olsson stena group list of the largest single family offices europe sweden

The formation of the Olsson Eriksson fortune can be traced back to 1946, when Sten Allan Olsson bought his first vessel with a loan of $3000: The shipping business started on a small scale. In the 1960s Sten started a ferry service between Gothenburg and Skagen in northern Denmark. Over the years freight services using the company’s vessels became a significant part of the business. In 1972 the business was divided into two branches: Stena Line AB and Stena Metall AB. Over the years the company expanded its activities (e.g. real estate, drilling, private equity, etc.) to secure operations. Today Stena is mainly divided into Stena AB (ferry, drilling, shipping, ship construction, real estate, private equity, treasury) and Stena Metall AB (trading steel, metals and oil; recycling of metals, paper, electronics, hazardous waste and chemicals). With revenues of $4.2 billion and 16,000 employees, the Stena AB Group is one of Sweden’s largest family-owned corporate groups. The group is owned by Dan Sten (51%), Stefan Sten (24.5%) and Madeleine Olsson Eriksson (24.5%). In 2018 Formica Capital, the single family office of the Olsson Eriksson Family, was founded. Formica is an investment company with a long-term investment perspective, driving performance under a strong sustainability agenda in both investment selection as well as in its active ownership model. Mainly mid-sized companies in the Nordic region with a strong purpose and a clear commitment to address global challenges are selected. An exemplary investment of Formica is Sierra Energy. The company is committed to innovation that leads to a zero waste future. Since 2004, Sierra Energy has focused on the development of FastOx® gasification, a technology that turns trash into energy without burning. Another excerpt of the portfolio is Orbital Systems, a company which develops an instant water recirculation system, saving water usage with up to 90% in current applications.

Key facts about the Formica Capital Single Family Office

  • Family: Olsson Eriksson
  • Estimated wealth: 6.8 billion dollars (cumulated)
  • Location: Gothenburg – Sweden
  • Investment Focus: Venture Capital, Private Equity: Mid-sized private & public companies, Impact Investing
  • Notable Investments or Holdings: cybercom, Sierra Energy
  • Website: https://www.formicacapital.se/
  • Executives: Olof Cato

Picture source: Andy Li

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