Disclaimer: Unless noted otherwise, views and analysis expressed here are the author's own and based on public sources. The article is intended for informational and entertainment purposes only. This is not financial advice. Please consult a professional for investment decisions. Note: this article was published in March 2025.

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It may be snowing outside our hotel in Stockholm, but the serial acquirer industry is red-hot! Röko went public last week at a $3B valuation (our take here). Last week, I learned about a Norwegian software HoldCo called Hawk Infinity which grew EBITDA from $4M to $60M+ in the space of 5 years (link to deep dive). There are at least 3 more Swedish serial acquirers planning to go public next year.  

Wait, how do I know all this? 

Because we are in Sweden this week for a reason: as guests of Redeye’s Serial Acquirer Conference. On Day 1, we attended 12 company presentations and below are our top 3 picks instead. The shorthand format reflects the conference's intensity!

Check out the video highlights here.

For Conference Day 2 notes, see here. Includes Röko, Addnode and others.