Leif Johansson has quit Procuritas to join fellow Stockholm-based private equity firm Ratos as a senior investment manager. Johansson was not immediately available for comment on the move.
Johansson joined Procuritas in 2001 to become an executive-in-residence and chief executive of ISAB 2, a unit of Procuritas, where he had responsibility for streamlining and divesting companies within the group. His assignments included the chairmanship of Axenti Group and Sanda Maleri.
“Leif is one of the few people who has worked both as an operational CEO and who also has solid experience from active ownership and transactions,” said Ratos CEO Arne Karlsson. “With his background he is well suited to work as a senior investment manager with us.”
Ratos, which is listed on the Stockholm Stock Exchange, has equity holdings of approximately SEK 8 billion (€870 million; $1.1 billion). In March, Ratos and Noridic buyout house EQT sold their stakes in heating and sanitation wholesaler Dahl to Saint Gobain of France in a deal that reportedly delivered around four times cash invested for the stakeholders.
Procuritas, which has offices in Stockholm and Copenhagen, launched its €227 million Procuritas Capital Investors III fund in April 2003 to invest in Scandinavian management buyouts.