Bain Capital announced an investment in Tingstad, a leading Swedish family-owned distributor of non-food consumables, through its Private Equity team in Europe. Financial terms of the transaction were not disclosed.
Headquartered in Gothenburg and founded in 1959 by the Jigberg family, Tingstad serves a broad and diversified customer base across hospitality, culture, facilities management, grocery, and retail. The company provides a comprehensive range of non-food consumables through a fully integrated omnichannel platform. With more than 700 employees, Tingstad has built long-standing customer relationships supported by strong category expertise, a decentralized and entrepreneurial salesforce, a differentiated private label portfolio, in-house production capabilities, and advanced warehousing and logistics infrastructure.
Under the terms of the deal, Bain Capital will acquire a majority stake in Tingstad and partner with owner Paul Jigberg, who will retain a minority ownership stake alongside the leadership team and employees. The investment is aimed at supporting the company’s next phase of growth across Sweden and the broader Nordic region.
Bain Capital Private Equity has been investing in Europe for more than two decades, with teams based in London and Munich as part of its global platform. The firm brings Nordic experience through portfolio companies including Eleda and Ahlstrom, as well as sector expertise in non-food consumables distribution through US-based Imperial Dade.
Advisors to Bain Capital included Jefferies, Danske Bank, Kirkland & Ellis, and Advokatfirman Vinge. Tingstad was advised by DNB Carnegie Investment Bank AB and Setterwalls Advokatbyrå AB.
Founded in 1984, Bain Capital is a global private investment firm with approximately $215 billion in assets under management. The firm operates 24 offices across four continents and invests across Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets.
Tingstad, founded in Gothenburg in 1959, has grown from a one-person operation into one of the leading suppliers in the Nordic region, with more than 700 employees and sales offices in 13 cities. The company serves customers ranging from the restaurant industry and specialty retail to grocery trade, with a focus on simplifying everyday business operations.
KEY QUOTES
“I am proud of what Tingstad has built over decades, and I believe Bain Capital is the right partner for the company’s next chapter. Their approach is grounded in collaboration, and I am confident they will support the management team and employees as Tingstad continues to grow and evolve for customers across Sweden and the Nordic region.”
Paul Jigberg, Owner Of Tingstad
“Tingstad is a standout Nordic distributor with deep category expertise and a world-class logistics model that customers rely on every day. We’re excited to partner with Paul and the Tingstad team to build on a strong foundation, strengthening and investing in the team and the platform, and supporting continued growth across Sweden and the wider Nordic region.”
Halvor Meyer Horten, Partner And Co-Head Of The European Industrials Vertical At Bain Capital
“We’re investing behind Tingstad with deep experience in B2B distribution and a strong Nordic track record, and we aim to be a partner of choice for founder- and family-owned businesses. Across Europe, we work closely with management teams to help scale platforms – bringing sector expertise, operational resources, and a globally integrated network. We look forward to supporting Tingstad’s next chapter as it deepens customer relationships, expands its capabilities, and continues to strengthen its position across the Nordics.”
Ivano Sessa, Partner And Co-Head Of Europe Private Equity At Bain Capital
