Nordic-Based Buyout Fund Managers

by Nicholas Jelfs

  • 29 Feb 2012
  • PE

Preqin’s comprehensive Fund Manager Profiles product reveals there are currently 55 fund managers based in the Nordic region which incorporate a buyout strategy into their private equity investment focus, with 17 of these firms pursuing an exclusive buyout investment strategy. Collectively, these firms have raised just over €40 billion in private equity capital over the last 10 years, and have over €13.3 billion available in estimated dry powder. The most popular fund manager location for firms who pursue a buyout strategy in the Nordic region is Sweden with 22, followed by Finland with 12 and a further 10 firms based in both Denmark and Norway.

The top five Nordic-based fund managers by aggregate capital raised over the last decade who consider a buyout strategy are EQT Partners, Nordic Capital, Altor, HitecVision and CapMan Capital Management.

EQT Partners manages a group of private equity funds with operations in Northern and Eastern Europe, Asia and the US, focusing on buyouts, growth financing, special situations and infrastructure. Its main office is in Stockholm, with additional offices in Copenhagen, Frankfurt, Helsinki, Hong Kong, London, Munich, New York, Oslo, Shanghai, Warsaw and Zurich.  The firm has raised €13.4 billion in the past decade and has an estimated €5.2 billion available in dry powder.

Established in 1989, Nordic Capital is a buyout firm which invests in the Nordic region and Europe's German-speaking countries. Its industry focus is diversified, but has a particular focus on healthcare. Nordic Capital has raised €7.7 billion in the past decade through three of its buyout funds and has just over an estimated €1 billion available in dry powder.

Altor is a private equity firm focused on investing in and developing medium-sized companies based in the Nordic region. The firm has offices in Stockholm, Oslo, Copenhagen and Helsinki and focuses on investing in a broad range of industries, and the most recent fund Altor raised was the €2 billion Altor Fund III in 2008. Overall Altor has raised €3.8bn over the last 10 years and has just over an estimated €1 billion in dry powder.

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