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Cervantes Capital aims to be the preferred owner of choice for listed Nordic small and medium-sized companies. We are long-term, active owners of quality businesses run by skilled management teams with a high degree of alignment with shareholders.

Cervantes is an investment company with an evergreen view. We provide long-term capital and liquidity for growing companies listed on the Nordic stock exchanges. Our investment process is detailed and focused on long-term value creation. We primarily look for companies with a proven business model, a history of a strong return on invested capital, and attractive growth opportunities. We are active owners and are happy to assist our portfolio companies with hands-on support if needed.

Founded in January 2021 in Stockholm, Sweden, Cervantes identified a need for long-term capital and fundamental equity research in the listed Nordic SME space. Our managing partners have extensive experience in financial research, portfolio management, and corporate finance. Our majority shareholder is the Rosello Company, owned by Mr Martin Lorentzon, co-founder and largest shareholder to date of Spotify Technology S.A. listed on the New York Stock Exchange. 

We are a company run by a firm belief in the “people first principle”, meaning we consider the right people to be the most valuable feature when investing in a business. We look for highly aligned management teams and a board of directors with a strong sense of shareholder value. At Cervantes, we are guided by our core values of; long-term and independent thinking, attention to detail, and a humble and curious approach to what we do.


Our operations are run by the following team of professionals.

David Zaudy, Cervantes Capital.jpg
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David is a seasoned investor, who over the years, has developed a value-oriented investment style. Before founding Cervantes, David spent seven years in London, where he, amongst other things, was a partner at a global investment advisor. Previous to that, David was employed by the investment bank Pareto Securities in Stockholm, where he set up the equity research function for the real estate and construction sector and worked within corporate finance. Before joining Pareto, David worked at the investment magazine Veckans Affärer as a reporter/analyst and columnist. David has studied business administration at the Lund School of Economics and Management and is a CFA charter holder.

Simon Kjellström, Cervantes Capital.jpg
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Simon is deeply rooted in fundamental financial research and has a strong interest in entrepreneurship and business management. Before founding Cervantes, Simon spent over four years at the investment bank Carnegie, where he was an equity partner and head of credit research. Before joining Carnegie, Simon was employed by DNB Bank and Pareto Securities in Stockholm. At Pareto, Simon rose to head of equity and credit research. Simon holds an MSc in Industrial Engineering and Management from the KTH Royal Institute of Technology and has studied business administration as well as economics at Stockholm University. 



Felix has a strong interest in stocks and fundamental company research that resonates well with Cervantes’ investment strategy. As a testimony of his dedication to fundamental investing, Felix visited Berkshire Hathaway’s AGM in Omaha in 2017. Prior to joining Cervantes in May 2022, Felix worked for five years as a private equity analyst at IK Partners and, more recently, The Riverside Company. During this period, he covered the Nordic market with responsibilities primarily including deal sourcing, deal execution, and portfolio company management. Felix holds a BSc in Business and Economics from Stockholm School of Economics and has studied mathematics and philosophy at Stockholm University and Lund University, respectively.

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