Summary

Röko is a private, perpetual owner of small private, family businesses across Europe. Since its founding in 2019, Röko has acquired 22 companies and 100m EUR EBITA. The Swedish company is led by the Former CEO of Lifco, Fredrik Karlsson. From 1998 to 2019, Karlsson grew Lifco’s equity market value over 100x into one of the most successful companies in Sweden.

Last month, we visited Röko in Stockholm and recently interviewed Karlsson and the CFO. This analysis explores Röko’s strategy, differences and similarities to other acquirers such as Lifco, Berkshire, and CSU, and pros and cons of an acquirer having a sector focus.

Röko’s M&A Framework