About Novator

Novator is an international private equity, growth equity and special situations investor, founded by Icelandic businessman, Thor Björgólfsson in 2004, with offices in London, Iceland, Luxembourg and Switzerland. We invest in both developed and emerging markets. We manage internal money which gives us an edge to our investment strategy, primarily through flexible investment structure, quick decision making and a focused, hands-on approach.

Private Equity


Our private equity investments primarily lie within the telecommunications sector where we have an established track record and expertise. Our investment strategy rests on three key pillars, namely the empowerment of existing or new management teams, active investment approach and focus on execution excellence. We are committed to take an active part in supporting management teams with the aim of increasing shareholder as well as other stakeholder value. We are focused on execution and operational excellence, which we believe results in financial excellence over time.

We delegate day-to-day business management to our management teams, while remaining closely involved in key decisions and long-term strategy of our portfolio companies. Our past experience includes investments into green or brown field challenger operators as well as turnarounds of mature operators in both mobile and fixed segments.

Growth Equity


Within our growth equity segment, we seek to identify strong disruptive secular trends driven by digitisation or technological innovation and then pick high quality disruptor businesses that are driving these secular changes in their given industries. We seek to back businesses that provide best-in-class products or services and are thus well positioned to become dominant players in their respective markets. We strongly believe in execution excellence and, therefore, seek to identify management teams capable of delivering leading operational execution.

We offer founder and/or management teams an opportunity to capitalise on the back of an engaged, knowledgeable and supportive investor. As part of our value creation process, we seek to support our portfolio companies with our resources, connections, lessons learned and best practices from our other existing or past investments.