Ratos AB (publ) Class B Shares represent ownership in Ratos AB (publ), a Swedish investment company founded in 1934 and headquartered in Stockholm. As a private equity firm, it specializes in buyouts, turnarounds, add-on acquisitions, and middle-market transactions, focusing on unlisted medium-sized companies primarily in the Nordic region, including Sweden, Finland, Denmark, and Norway. The company avoids investments in early-stage ventures, arms, pornography, or environmentally harmful businesses, targeting equity investments between SEK 250 million and SEK 5,000 million, with sales from SEK 300 million to SEK 5,000 million and EBITDA exceeding SEK 50 million. Ratos operates across industry, construction and services, consumer, and technology sectors, with a significant emphasis on infrastructure maintenance for railways, roads, energy, and critical buildings like hospitals and schools, mainly generating revenue from Norway and Sweden. It typically holds minority or majority stakes of at least 20%, often securing board seats, with investment horizons of five to ten years. Employing around 10,900 people through its portfolio, Ratos plays a key role in developing sustainable Nordic businesses within diversified financials and industrials markets.