Novator Partners

Novator Partners LLP is an English private corporation, specialising in telecommunications, pharmaceuticals and financial services. In addition, Novator operates a Private Equity Fund and a Credit Opportunities Fund. The company is based in London and led by Björgólfur Thor Björgólfsson from Iceland.

The owner or owners of Novator are hiding behind a web of companies which includes companies in places such as Cyprus, Cayman Islands, Delaware, Gibraltar, Tortola (British Virgin Islands), and Luxembourg.

Investigations published in Denmark suggest that the underlying companies are linked to Russian companies.

In a few years, Bjorgolfsson acquired substantial assets in Central and Southern Eastern Europe.

The communications sector acquisitions of the Icelandic businessmen included:

Financial sector acquisitions included:

Other acquisitions included:

Novator acquired a 10.4% stake in Finland's telecommunications company Elisa Oyj in 2005 through a share swap when Elisa bought the smaller operator Saunalahti, which had been mostly owned by Novator. Novator tried to revamp Elisa in December 2007, but was opposed by Finnish institutions such as Varma Mutual Pension Insurance Company. On 13 October 2008, during the Icelandic financial crisis, it was announced that Novator had sold its entire stake in Elisa to Varma for 194 million euros (US$266 million), a price of €11.20/share.

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