Private Equity Firms investing in the Nordic region

by Anna Strumillo

  • 29 Sep 2010
  • PE

Preqin’s extensive database shows that there are 88 private equity fund managers that target investments exclusively in the Nordic region. Of this number, 38% are based in Sweden, 24% in Finland, 20% in Denmark and 18% in Norway.

Preqin research also shows that the estimated dry powder available to these firms is approximately USD 8.3 billion and the total funds raised in the past 10 years amount to approximately USD 21.4 billion.

Of the firms focused solely on the Nordic region, Sweden-based Altor Equity Partners has raised the most capital over the last 10 years, attracting an aggregate EUR 3.8 billion (USD 4.9 billion) in investor commitments. The firm primarily seeks investments in Nordic companies with revenues between EUR 50 million and EUR 500 million, as well as strong market positions and stable cash flows. Altor actively seeks to build and develop businesses in partnership with the incumbent owners.

Another firm, Oslo-based Herkules Capital (previously known as Ferd Equity Partners), primarily targets companies in Norway. It invests in established companies with positive cash flow, growth potential and strong management teams willing to co-invest. Its current and previous investments include retail companies and suppliers to the oil and gas industry.  The firm raised three buyout funds between 2004 and 2008 and raised an aggregate NOK 12.2 billion (USD 2 billion).

Denmark-based LD Equity focuses on buyout, turnaround and growth capital investments in small and mid-sized companies in Denmark.  The firm targets investment in manufacturing, trade and services industries and considers both minority and controlling interest investments. It has an estimated USD 242 million available in dry powder.

For more information on private equity fund managers globally please see Preqin's Fund Manager Profiles product.

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