Investment strategy

Our investment strategy covers both listed and private assets, comprising specifically Listed Core Investments (LCI), Private Market Investments (PMI), and Liquid Investments (LI).

Listed Core Investments

In LCI we focus on value creation through active ownership in publicly traded companies.

In LCI we seek to invest in attractive companies where we share the mind-set of other significant shareholders and management teams. We target high quality Northern European mid-cap companies, and typically aim at being one the largest owners, working actively through nomination committees and the Board of Directors. A precondition for our LCI investments is that we can articulate an actionable investment thesis which can justify above-market expected returns.

Our current LCI portfolio includes:

eQ

eQ is listed on NASDAQ Helsinki. Rettig Group owns approximately 15% of eQ.

eQ is a Finnish group of companies specialising in asset management and corporate finance. It is one of the largest independent Finnish asset managers. eQ provides a full range of mutual funds within its traditional asset management and is especially strong within Private Equity and Real Estate. Corporate finance services are provided under the Advium brand.

Purmo Group

Purmo Group is listed on NASDAQ Helsinki. Purmo Group is majority-owned by Rettig Group.

Purmo Group is a leader in sustainable indoor climate comfort solutions in Europe. The company provides complete heating and cooling solutions to residential and non-residential buildings, including radiators, towel warmers, underfloor heating, convectors, valves and controls. 3,500 employees operate through 46 locations in 21 countries, manufacturing and distributing top quality products and solutions to customers in more than 100 countries globally.

Terveystalo

Terveystalo is listed on NASDAQ Helsinki. Rettig Group owns approximately 17% of Terveystalo.

Terveystalo is the largest healthcare service company in Finland, offering primary and outpatient secondary healthcare services to corporate, private and public sector customers. Services offered include general practice and specialist medical care, diagnostic services, outpatient surgery, dental services and other healthcare services. With approximately 180 clinics covering Finland’s 20 largest cities and advanced digital platforms, Terveystalo provides nationwide reach regardless of time and place.

SigmaRoc

SigmaRoc Plc listed on the Alternative Investment Market of the London Stock Exchange. Rettig Group owns approximately 8% of SigmaRoc Plc.

SigmaRoc Plc is a UK-based group that invests, improves and integrates companies within the quarried materials space in Europe. SigmaRoc supplies a wide range of materials ranging from cement and asphalt to precast concrete products. The company operates six platforms in the UK, Wales, Belgium and the Channel Islands as well as Nordkalk in Northern Europe.

Private Market Investments

Within PMI we focus on private market investments on a global basis, covering for instance private equity fund investments and co-investments.

Through PMI we target fund investments within Private Equity, Private Debt, Real Estate, Venture Capital, and Activist Funds. Furthermore, co-investments alongside e.g. Private Equity sponsors, other direct minority investments, and strategic investments such as special vehicles or General Partner stakes, are also at the core of our PMI investment strategy. Our ambition is to be a highly professional, value adding, and flexible Limited Partner and co-investment partner for leading private market sponsors and other stakeholders.

Liquid Investments

LI targets mainly equity- or an equity-like investment exposure.

Investments will by nature be liquid and the investment strategy is global. LI is a complementary investment strategy for Rettig Group with the purpose of optimisting the overall risk / return profile in our portfolio.

Sustainability

We always strive to invest in companies with a long-term competitive advantage, and which can justify attractive returns over the cycle. We do not believe that companies can be competitive in the long term, grow, and create value if sustainability is not deeply integrated in their strategies and business decisions. This holds true across all of our sub-strategies: LCI, PMI and LI. We focus our ESG efforts where we believe we can achieve the highest impact. Within LCI, we focus on value creation in listed companies through active ownership. These investments are typically the ones where our ability to directly influence companies’ sustainability agendas is the highest.