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Fund: Segulah IV
Sector: Manufacturing & Industrial Goods
Acquisition: 2010
Turnover: MSEK 1,192
Employees: 385
CEO: Kenneth Lundahl
Chairman: Tomas Johansson
Board members: Mikael Andersson, IngaLill Berglund, Carl-Mikael Lindholm, Johannes Nyberg, Åsa Söderström Winberg
Ownership: 6% through Segulah IV L.P.
Responsible partner: Percy Calissendorff

Balco is Scandinavia’s leading supplier of glazed balconies to tenant associations and landlords in both the private- and public sector.

Balco was founded in 1987 and has since then grown strongly in Sweden and expanded in Europe. The Company now has 300 employees and offers turnkey solutions for balcony construction with responsibility for the entire value chain.

Segulah IV L.P. invested in Balco in October 2010 to further strengthen the Company’s leading market position and to support continued growth in other European markets.

On October 6, 2017, Balco was listed on the Nasdaq Stockholm Small Cap list. Segulah IV simultaneously sold nearly 80 percent of its holding in the Company, whilst remaining as the largest shareholder with 19% of the shares until May 2019 when the holding decreased to 12%. In August 2019, the holding decreased to 6%.

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