Firm at a glance
Trill Impact is a platform private equity firm headquartered in Stockholm, Sweden, with approximately EUR 1.4 billion in assets under management, per its website [S1]. The firm also maintains offices in Munich and Luxembourg [S2].
What they buy
Based on publicly disclosed portfolio holdings, Trill Impact appears to concentrate on European service businesses across a range of sectors including business services, education, healthcare technology, and infrastructure [S3]. The firm’s portfolio pattern suggests a focus on platform acquisitions rather than add-on transactions, with holdings spanning professional services, technology-enabled education providers, and specialized industrial services. Observed sectors include cybersecurity services, digital healthcare, IT refurbishment, agriculture, and consulting services [S3].
Portfolio
Business Services
Nordomatic (platform) [S3], Primutec (platform) [S3], and Noova Energy Systems (platform) [S3] represent the firm’s business services holdings.
Education
ILT Education (platform) [S3] and Karriere Tutor (platform) [S3] comprise the education sector investments.
Healthcare and Technology
Mesalvo (platform, digital healthcare) [S3], TT Medic (platform, MedTech) [S3], Allurity (platform, cybersecurity services) [S3], and Renewtech (platform, IT refurbishment) [S3] represent technology and healthcare-focused holdings.
Infrastructure and Specialized Services
Infrakraft (platform, infrastructure services) [S3], Komet (platform, agriculture) [S3], and Delivery Associates (platform, consulting services) [S3] round out the portfolio.
Recent activity (last 24 months)
* **December 10, 2025**: Acquisition of Noova Energy Systems [S4]
* **December 3, 2025**: Acquisition of Rail-Flow [S5]
* **May 20, 2025**: Acquisition of Primutec [S6]
How this firm fits a seller
Trill Impact’s portfolio composition suggests the firm pursues founder-owned or owner-operated businesses in specialized service niches across Northern and Central Europe. The firm’s transaction history over the past 24 months demonstrates active acquisition activity, with three completed deals between May 2025 and December 2025 [S4][S5][S6]. For sellers in business services, education technology, healthcare services, or infrastructure-related sectors with European operations, the firm’s sector footprint and geographic focus may represent a potential fit. The firm’s platform-focused approach suggests it typically acquires businesses as standalone investments rather than integrating them into existing portfolio companies.
Sources
[S1] https://www.trillimpact.com (as of 2026-06-03)
[S2] https://www.trillimpact.com/team (as of 2026-06-03)
[S3] https://www.trillimpact.com/portfolio-companies (as of 2026-06-03)
[S4] https://www.trillimpact.com/insights (Noova Energy Systems, as of 2026-06-03)
[S5] https://www.trillimpact.com/insights (Rail-Flow, as of 2026-06-03)
[S6] https://www.trillimpact.com/insights (Primutec, as of 2026-06-03)
Frequently asked questions
Does Trill Impact buy business services businesses?
Yes, business services represents a visible sector within Trill Impact’s portfolio. The firm holds at least three platform investments in this category, including Nordomatic, Primutec, and Noova Energy Systems [S3]. Recent acquisitions in 2025 included both Primutec (May) and Noova Energy Systems (December) [S4][S6].
What companies has Trill Impact acquired recently?
Trill Impact completed three acquisitions between May 2025 and December 2025, per publicly available sources. These included Primutec in May 2025, Rail-Flow in December 2025, and Noova Energy Systems in December 2025 [S4][S5][S6].
Where is Trill Impact based and how big is the firm?
Trill Impact is headquartered in Stockholm, Sweden, with additional offices in Munich, Germany, and Luxembourg [S1][S2]. The firm reports approximately EUR 1.4 billion in assets under management as of mid-2026 [S1].
Is Trill Impact still actively acquiring?
Yes, Trill Impact appears to remain active in the acquisition market. The firm completed two transactions in December 2025, indicating ongoing deal activity as of the most recent publicly available information [S4][S5].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.