About
Cevian Capital is Europes largest activist investment firm, founded in 2002 by Christer Gardell and Lars Forberg and based in Stockholm with offices in Zurich and London. Managing approximately $15.5 billion, Cevian acquires significant ownership positions in undervalued European public companies to enhance long-term value through active ownership. Backed by Carl Icahn, the firm invests capital from leading pension funds, sovereign wealth funds, endowments, and foundations. Cevian maintains a concentrated portfolio of approximately 14 positions with average holding periods of 4-5 years, typically becoming the largest or second-largest shareholder. Notable investments include ABB, Volvo, UBS, Ericsson, ThyssenKrupp, and Autoliv. The firm has achieved exceptional returns, posting 31% in H2 2006 and nearly 50% through Q3 2007.
Investment Focus
Cevian pursues collaborative active ownership, taking substantial stakes in undervalued European companies. It works with boards and management to drive operational, strategic, and governance improvements. Team members often join boards, reflecting a hands‑on approach. Cevian maintains concentrated positions with 4–5‑year holding periods and typically becomes a company’s largest or second‑largest shareholder.