Man i utmanade fjällmiljö. Vi förvärvar väl kapitaliserade bolag i utmanande situationer

We take over when a sound company needs a new ownership environment.

M Refine Group is a Serial Refiner that acquires, transforms and develops established B2B companies facing challenging situations. We look for historically profitable businesses, established customer relationships and a commercial core to build on – but where the current owners require a structural, operational or financial solution.

1.2

Net sales LTM, SEK billion

800

Employees across the Group

8

Business Areas

38

Companies within the Group

IN BRIEF

M Refine Group – a growing Serial Refiner

The Refinement Model

The acquisition is the starting point. Our core expertise lies in the operational development that follows: transformation, governance, business development and financial expertise. Through The Refinement Model, we work step by step to build lasting viability and, ultimately, long-term growth.

For Owner-Managed Companies

A generational transition, changing ownership ambitions or a period of weaker profitability can make a traditional sales process challenging. We primarily look for established B2B companies with revenue of approximately SEK 20–200 million, historically profitable and customer relationships to build on. We take over with respect for the company’s history and with the ambition of building a viable business long term.

When a portfolio company no longer fits the strategy or requires more management time, capital and operational focus than the ownership model is designed to provide, M Refine Group can act as a specialised buyer. We take over businesses facing challenging situations and provide a new ownership environment focused on stabilisation and long-term development.

For Serial Acquirers and Larger Groups

M Refine Group acquires, transforms and develops B2B companies facing challenging situations. We look for historically profitable businesses with established customer relationships and underlying commercial relevance, but where the current owners require a structural, operational or financial solution. Value creation does not come from the acquisition itself, but from the operational development that follows the takeover. Following an acquisition, we work step by step according to a structured model, with a clear focus on cash flow, followed by margin expansion and, ultimately, growth.