Bain Capital has agreed to acquire a majority stake in Tingstad through its European Private Equity team. Financial terms were not disclosed.

The transaction strengthens Bain Capital’s footprint in the Nordics and deepens its exposure to B2B distribution. Tingstad, headquartered in Gothenburg, was founded in 1959 by the Jigberg family. The company serves hospitality, culture, facilities management, grocery, and retail clients through a fully integrated omnichannel platform.

Bain Capital will partner with owner Paul Jigberg, who will retain a minority stake. The leadership team and employees will also remain invested. As a result, the firm is positioning itself alongside management to drive the next phase of expansion.

The private equity firm brings regional and sector expertise to the deal. In the Nordics, it currently backs Eleda and Ahlstrom. In non-food consumables distribution, it owns Imperial Dade in the US. Therefore, the Tingstad investment aligns with Bain Capital’s established strategy in fragmented B2B supply chains.

“Tingstad is a standout Nordic distributor with deep category expertise and a world-class logistics model that customers rely on every day,” said Halvor Meyer Horten, Partner and Co-Head of the European Industrials vertical at Bain Capital.

Ivano Sessa, Partner and Co-Head of Europe Private Equity, added, “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.”

Bain Capital was advised by Jefferies, Danske Bank, Kirkland & Ellis, and Advokatfirman Vinge. Tingstad was advised by DNB Carnegie Investment Bank and Setterwalls Advokatbyrå.

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