Revive. Refinance. Rebuild.
Leading Great, but Struggling, Companies to Prosperity
We are a Nordic private equity fund investing in turnaround cases and companies in distress
“ By taking companies from a place of financial or operational distress to profitability and growth, we are not only creating financial value for our investors. We are also saving important innovation and jobs that would otherwise be lost “
David Wendel Thoms, Managing Partner
About Oryx Turnaround
Oryx Turnaround is a Nordic private equity fund specializing in acquiring majority stakes in exceptional companies facing financial or operational distress. As a hands-on turnaround investor, we refinance, restructure, and rebuild companies to unlock their true potential.
If you need to hit the reset button and give your company a second chance, we are the partner you want. We are committed to doing the hard work to save deserving companies.
The fund is named after the large antelope species domiciled in arid regions where its ability to endure harsh desert conditions, scarcity of water, and relentless heat has led to its portrayal as a symbol of strength, resilience, and endurance. Traits any successful private equity firm must possess.
The oryx also happens to have twice as many horns as a unicorn!
How we Leverage our Experience and Structure
to Rescue Exceptional Companies
Distressed Investments
We invest capital in distressed companies, unlocking their potential for a successful turnaround. By injecting the necessary financial resources and leveraging our operational expertise, we stabilize these businesses, implement transformative strategies, and drive them towards renewed profitability and growth.
Turnaround Management
Our team excels in turnaround management, with a proven track record of revitalizing struggling businesses. We specialize in quickly identifying challenges, implementing strategic changes, and driving sustainable growth, ensuring organizations return to profitability and thrive in competitive markets.
Operational Excellence
Our team brings extensive experience in operational management, having successfully navigated complex challenges across various industries. We leverage this deep expertise to streamline processes, optimize performance, and implement strategic changes that are crucial for turning companies around.
INVESTMENT CRITERIA
We believe that the current downturn in financial markets will cause significant harm to exceptional and well-justified companies. Companies that, under different circumstances, would thrive. We want to challenge that by investing in companies:
- that are based in the Nordic region;
- that currently is undergoing financial or operational distress and are in the need to restructure its business; and
- that, through our investment and operational focus, can reach profitability within 24 months.
WHAT WE INVEST IN
Bankruptcies
We acquire bankruptcy estates of great companies with the purpose of relaunching them on a stronger platform. Our team has extensive experience from bankruptcy management and acquisitions from trustees of bankruptcies. We know the process and are ready to move fast.
Corporate Restructuring
The team behind Oryx Turnaround byWiT has been part of some of the largest restructuring processes during the past two decades. Our hands-on knowledge of the restructuring process combined with our capital injections make us an optimal partner to companies undergoing a restructuring process.
Special Situations
We specialize in turnaround management and investments. This also includes turnaround processes outside the court system (i.e. bankruptcies and formal restructuring). We inject capital and turnaround experience into companies that can be saved through out-of-court restructuring or similar processes.
Oryx Turnaround in Media
Proud Part of the byWiT Ecosystem
Oryx Turnaround byWiT Fund 1 is managed by byWiT Fund Management AB, a subsidiary of the Swedish investment company byWiT AB.
byWiT Fund Management is partnering with great investment managers to set up and manage thematic private equity and venture capital funds. byWiT Fund Management is registered by the Swedish Financial Supervisory Authority (Sw. “Finansinspektionen”).
byWiT AB is a multi-stage evergreen operational investment company for investments in digital companies with scalable B2B solutions. Founded in 2021 by five entrepreneurs and investors with senior operational experience and a track record of successful scaling and investing, byWiT has raised approximately 955 MSEK since the start. Key holdings include Proxify, Pensionera, E-Farm, Root Digital Group and byWiT Fund Management.
