LEO Foundation

The LEO Foundation is one of Denmark’s largest enterprise foundations and the majority owner of LEO Pharma. The Foundation’s main objective is to ensure the company’s long-term development and success as a global leader in dermatology, delivering outstanding results.


In addition to its ownership role, the LEO Foundation is one of the largest private funders of independent skin research at universities and hospitals worldwide. The Foundation provides philanthropic grants to support research that pioneers new discoveries and transforms our understanding of the skin and its diseases. Over the years, the LEO Foundation has awarded more than DKK 1.8 billion to independent research.

Nordic Capital

Nordic Capital has been a co-owner of LEO Pharma since 2021. It is a leading international private equity investor and sub-sector specialist, dedicated to building stronger, more sustainable businesses through operational improvement and transformative long-term growth in partnership with management teams. Nordic Capital is also one of the most active and experienced healthcare investors globally, backing companies across the sector with strong potential to grow, expand into new markets, and deliver industry-leading innovation and differentiated value propositions.