- Xynteo’s founder Osvald Bjelland’s family will remain a minority shareholder
- Henrik Madsen, former CEO of DNV, will become chairman of Xynteo
- Leon Capital is a private equity firm that invests in mid-market European tech-enabled services firms
Leon Capital has secured a majority investment in Xynteo, a strategic advisory firm that provides sustainability and energy transition services.
Xynteo is headquartered in Oslo, Norway. The firm has offices in the UK, Norway, and India.
The family of Osvald Bjelland, Xynteo’s founder, will remain a minority shareholder.
This agreement includes the creation of an employee partnership model, with senior employees now becoming owners of the business, according to a release.
“Our strategy at Leon Capital centres around partnering with exceptional services businesses, where we see a clear active ownership plan to create sustainable impact for all stakeholders. That’s exactly what we found in Xynteo,“ said Christos Lavidas, co-founder, and managing partner at Leon Capital.
Henrik Madsen, ex-CEO of DNV, will become chairman of Xynteo, and Thorhild Widvey, former minister of petroleum and energy, and minister of culture in Norway, will remain on the board of directors, the release stated.
The transaction is backed by Leon Capital Partners, Yana Investment Partners and several prominent family offices, among others.
Leon Capital is a private equity firm, based in London, that invests in mid-market European tech-enabled services companies. The firm has completed or been involved in more than 45 transactions.
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