In 2003, Jan-Olof Svensson (“Josa”) founded the transaction advisor IMAP together with his childhood friend Bengt Jönsson. During just over a decade, they built up a successful business and an extensive network among Swedish small and medium-sized companies, their founders and leaders.
In 2016, Josa left IMAP to, together with some employees and around 70 Swedish entrepreneurs, establish Pamica AB, which had a fund structure in which capital was managed until investments were made. Pamica’s business idea was to invest, own and after a number of years sell preferably well-managed, smaller Swedish companies at a profit. The business was unique in Sweden as the 70 entrepreneurs were not only owners, but actively contributed to the business and owned companies with their networks and expertise.
The model proved to work well, in 2018 another 110 entrepreneurs were added and Pamica 2 AB was formed. The business was continued through the “funds” Pamica AB and Pamica 2 AB and showed good and profitable growth: 14 companies were acquired during the years 2018–2022. About 60 additional acquisitions were completed.
In 2021, the so-called exit phase for the first investments approached and the owners evaluated various options. The conclusion, after a deeper analysis of all owned companies, was that the future value potential in the case of continued ownership of the portfolio far exceeded the value creation in the event of an exit. A decision was therefore made to change Pamica’s business concept to owning and developing companies without a time limit.
Since the decision to form Pamica Group, the organization has been strengthened in the areas of Business Development, Financial Management, Transactions, HR and IR/Communications. A total of about 10 people work at Pamica Group and are supported by the extensive network of entrepreneurial owners when it comes to finding, evaluating and developing owned businesses. In addition, an extremely reputable board has been recruited.