PRIME MOVERS
Entity Dossier
entity

Stockholm School of Economics

Strategic Concepts & Mechanics

Identity & CultureCross-Pollination Without Centralization
Relationship LeveragePermanent Home Pitch to Entrepreneurs
Operating PrincipleIntervention Only at Deviation
Cornerstone MoveLet Sellers Keep Skin in the Game
Signature MoveGroup Managers as Mini-CEOs Chairing 15-20 Companies
Signature MoveWrite Down Receivables to Zero at 30 Days
Strategic PatternSpecialize Deeper Not Broader
Capital StrategyEight-Times-EBITA Ceiling as Deal Discipline
Signature MoveZero HR People for 6,000 Employees
Risk DoctrineFourteen Years Private to Build the Machine
Competitive AdvantageSmall and Mission-Critical Beats Large and Visible
Cornerstone MoveOne Sheet of Paper Into the CEO Chair
Cornerstone MoveFlee the Swedish Bidding War
Cornerstone MoveDental Company to Demolition Robot Empire
Capital StrategySelf-Funded Acquisitions, Zero Share Dilution
Signature MoveShortest Conference Calls in Sweden
Signature MoveNo CEO Job Without Running a Subsidiary First
Signature MoveSavén: Educate the Market Before You Can Sell To It
Operating PrincipleClear-Cut Forestry vs Regrowth Capitalism
Signature MoveJonsson: Wallenberg Network as Entry Ticket
Signature MoveMix: Shotgun Weddings Then Velvet-Rope Fundraising
Strategic PatternDeregulation as Deal-Flow Gold Rush
Capital StrategySecondaries: Passing Companies Between PE Funds
Cornerstone MoveDouble Profitability or Don't Enter
Cornerstone MoveHunt Corporate Orphans After Deregulation
Competitive AdvantageCanadian Pension Model: Kill the Middleman
Identity & CultureSwedish Hero Immunity for Visible Founders
Signature MoveKarlsson: Ratos as the Anti-Fund — Hold Seventeen Years If Needed
Risk DoctrineShort-Termism Trap: Five-Year Horizon vs Ten-Year Payoff
Signature MoveDahlström: Low Leverage, Family Businesses, Patient Capital
Cornerstone MoveDebt as the Engine, Company Pays Its Own Ransom
Signature MoveAhlström: Copenhagen Office to Dodge Swedish Capital Controls
Cornerstone MoveFee Airbag: Get Paid Win or Lose

Primary Evidence

"Bennet knew that Lifco required a performance-driven CEO capable of replicating that success. The search for the right leader resulted in the appointment of Fredrik Karlsson as CEO. With a degree from the Stockholm School of Economics and experience as a consultant at the prestigious Boston Consulting Group, Karlsson had already proven his capabilities in a previous role as CEO of Mercatura, a German private equity-owned company manufacturing workwear. Karlsson executed a successful turnaround at Mercatura,"

Source:The Compounders

"In practice, Ratos would function as a venture capital fund, managed by the Söderberg family. The person tasked with restructuring Ratos was Arne Karlsson from Tumba, a southern suburb of Stockholm. Like most senior executives in the finance industry, he attended the Stockholm School of Economics. But he almost didn’t get in; according to himself, he played too many cards during his high school years. P-O has also attended the School of Economics, the school his great-grandfather helped found. Olof A. Söderberg and the district judge Knut Agaton Wallenberg came up with the idea for higher education for businessmen over a fine dinner in Saltsjöbaden on March 3, 1900. They also supported the school financially when it finally got started nine years later, and today P-O sits on the board."

Source:The Finance Princes - The Story of the Swedish Venture Capitalists

"In practice, Ratos would function as a venture capital fund, managed by the Söderberg family. The person tasked with restructuring Ratos was Arne Karlsson from Tumba, a southern suburb of Stockholm. Like most senior executives in the finance industry, he attended the Stockholm School of Economics. But he almost didn’t get in; according to himself, he played too many cards during his high school years. P-O has also attended the School of Economics, the school his great-grandfather helped found. Olof A. Söderberg and the district judge Knut Agaton Wallenberg came up with the idea for higher education for businessmen over a fine dinner in Saltsjöbaden on March 3, 1900. They also supported the school financially when it finally got started nine years later, and today P-O sits on the board."

Source:The Finance Princes - The Story of the Swedish Venture Capitalists

Appears In Volumes

The CompoundersThe Finance Princes - The Story of the Swedish Venture Capitalists