Dahlström: Low Leverage, Family Businesses, Patient Capital

“One of the first private equity firms, Priveq’s founder Christer Dahlström, has an attitude toward debt that is similar to Hasse’s. Dahlström has never worked with really high leverage and is doubtful about it. – It is unfortunate for an acquired company to be sitting with large debts to the owners. There is also a risk that the CEO focuses too much on short-term cash flow and too little on long-term investments. But it yields lower returns with lower leverage, he says.”

“Dahlström focused on family businesses, and that was how Nefab, Nordgren’s packaging factory in Hälsingland, came his way. It was one of Skandia’s insurance salespeople who mentioned that the Nordgren family was going through a generational shift.”