Finnish private equity group Intera Partners has closed its latest fund, Intera Fund III with capital commitments of EUR250 million.
Intera Partners had strong support from its existing investors and a select number of new investors to reach the Fund’s target size of EUR250 million. The Fund received commitments from a well-balanced mix of leading European institutions, including pension funds, fund of funds and family offices.
Tuomas Lang, Chairman of Intera Partners, says: “We are excited by the positive response that the Fund has received and are very grateful for the support and trust we have been granted by our investors. The Finnish lower mid-market remains an attractive investment space with excellent opportunities for Intera’s approach to value creation built on origination of proprietary deal flow and portfolio company growth.”
Jokke Paananen, Chief Executive Officer of Intera Partners, says: “We are very pleased to begin the next chapter in our story. Intera was established in 2007 with a vision to create an active and determined Finnish private equity firm with a team combining locality and international experience. Intera Fund III will continue the successful investment strategy of its predecessor funds.”
The Fund will target mainly Finnish companies in the EUR20-80 million enterprise value range that possess substantial growth potential in their domestic markets and/or potential to expand internationally. Intera also selectively targets Swedish companies of similar size and growth potential in cases where there is a strategic Finnish angle to the investment.
Intera Partners would like to thank the existing investors for their strong support and is grateful for the vote of confidence from its new investors.
MVision Private Equity Advisers acted as strategic fundraising adviser. Borenius Attorneys Ltd acted as legal counsel.
