VEX

Overview

VEX is an Icelandic private equity firm specializing in investments in unlisted companies with growth potential. The firm focuses on companies that have a proven business model and operational history, aiming to support their expansion and value creation through active involvement in management. VEX's investment strategy targets both traditional operating companies and growth-stage firms requiring capital to advance. The firm typically takes a majority stake or becomes the largest single shareholder, ensuring significant influence over the company's direction. VEX emphasizes long-term partnerships with management teams, fostering sustainable growth and responsible investment practices. Since its inception, VEX has invested in several companies across various sectors, including technology, healthcare, consumer goods, industrial goods, and services. The firm's portfolio includes notable investments such as Varist, Öryggismiðstöðin, Kóði, Kaptio, Icelandic Provisions, Annata, and AGR. VEX's commitment to responsible investment is evident in its adherence to the United Nations Principles for Responsible Investment (UN PRI), integrating environmental, social, and governance (ESG) factors into its investment process. VEX's team comprises experienced professionals with a strong track record in private equity, having led investments totaling over 67 billion ISK in some of Iceland's largest companies. The firm's approach combines strategic guidance with operational support, aiming to create value for both investors and the broader Icelandic economy. In June 2024, VEX successfully closed a 15 billion ISK fund, VEX II, with investors including pension funds, other institutional investors, and private investors. This fund continues VEX's mission to invest in companies with strong growth prospects and to contribute positively to the Icelandic business landscape.

Investment Focus

• Proven business model
• Operational history
• Growth potential
• Active management involvement

Portfolio Companies