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- The Rollup of Tomorrow Vol 11. Aspira Partners: The journey from an employee to a Fund GP - in 5 years & with an Independent Sponsor adventure in between
The Rollup of Tomorrow Vol 11. Aspira Partners: The journey from an employee to a Fund GP - in 5 years & with an Independent Sponsor adventure in between
Who said the Nordics are too competitive? "If it's not a 4x MOIC, it's not a case for Aspira" - Andreas Bruzelius, Aspira CEO
Alex Prokofjev
January 22, 2026
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.
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Welcome to Episode 11 of our interview series.
I sat down with Andreas Bruzelius, the CEO and co-founder of Aspira Partners, a Nordic investment firm that started as a deal-by-deal independent sponsor in 2020 and recently transitioned to a fund structure.
In 5 years, Aspira has built 6 platform companies and completed over 100 add-ons across infrastructure, tech, and business services, which generate more than $500M in pro forma sales. They have raised c.€170M for the first five platform deals, and the latest platform is funded from a fund structure.
What makes Aspira even more remarkable is that it targets 4x MOICs in one of Europe's most competitive and sophisticated markets - the Nordics.
Andreas' journey mirrors many from the RollUpEurope community. Started in Investment Banking (Carnegie, Deutsche Bank). Moved to Private Equity (FSN Capital, which he helped grow from €380M to €4B in AUM). Finally, in his late 30s, stepped out to build his own firm with co-founder Anders Barklöf.
Want to learn more from Aspira in person? Anders Barklöf will be speaking at the next Serial Acquirers Summit in London on 26 February. Make sure you get your ticket if you want to hear directly from the Aspira team. But be fast, at time of publication, we only have about 10 tickets left!
Read on to learn about:
Andreas’ journey from Investment Banker to Independent Sponsor
How Aspira identifies target markets
Building Teqt Group: a roofing platform that scaled from €25M to €250M in sales… in under 5 years
Targeting 4x MOIC on every single investment
Why they moved from deal-by-deal to fund structure
Lessons from internationalizing Nordic platforms
Opportunities to join Aspira or partner with them.
If you'd rather listen to the audio version, check out our Rollup Stories podcast on Spotify!
This article is free for registered subscribers, courtesy of PPH Financial Group - your Fractional CFO par excellence. Month-end closings. Lender reporting. PPAs. Audits. Dashboards. Automation. PPH Financial can do it all - and then some. Across Europe and in the US. Get in touch with Pavleta today: [email protected]!
Pavleta Pavlova, the founder of PPH Financial
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1. Andreas’ journey from Investment Banker to Independent Sponsor
Alex: Welcome Andreas! Please start by introducing yourself to our readers.