Nordic Capital has announced the establishment of Nordic Capital Fund VII, which will focus on long-term value growth and value creation, with EUR4.3bn in total commitments, and the establ
Nordic Capital has announced the establishment of Nordic Capital Fund VII, which will focus on long-term value growth and value creation, with EUR4.3bn in total commitments, and the establishment of advisory offices in Oslo, Frankfurt and London in addition to the firm’s existing presence in Stockholm, Copenhagen and Helsinki.
Nordic Capital Fund VII will focus primarily on investments in large to medium-sized companies with strong market positions and growth potential in the Nordic region, elsewhere in Europe and selected opportunities outside Europe. The focus will remain on investments in health care as well as traditional industry and service businesses.
The fundraising received a favourable response from institutional investors worldwide, with the Nordic region representing around 15 per cent of commitments, the rest of Europe 30 per cent, the US 35 per cent and the rest of the world 20 per cent. Commitments were received both from investors in previous funds and from new investors, including public and private pension funds, insurance companies, endowments and funds offunds.
‘Nordic Capital Fund VII is honoured by the confidence and trust bestowed on it by investors, new and from prior funds, which will enable Nordic Capital to continue its focused and committed long-term investing as the fund is invested over the next three to five years,’ says investor relations director Andrew Bennett.
The fund will aim to create value in its investments through committed ownership and by targeting opportunities for new industrial combinations, strategic development, international expansion and operational improvements. Nordic Capital has already announced the acquisition from the fund of ConvaTec, SafeRoad and EDB Gruppen.
Nordic Capital private equity funds have invested in large and medium-sized companies primarily in the Nordic region since 1989. Nordic Capital Fund VII is domiciled in Jersey.
