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Scandinavian-Based Private Equity Firms

by Siobhan Brewster

  • 07 Jul 2010
  • PE

In the last 10 years private equity firms headquartered in Scandinavia have raised close to $44.9 billion in aggregate capital. Swedish private equity firms have contributed 54% of this total, the most of any country in the region. The second-largest contributor is Norway, with Norwegian-based firms accounting for 18% of the total. Danish and Finnish headquartered firms each raised 14% and 13% of the region’s total respectively.

Of all fund types, venture is the most utilized by Scandinavian private equity firms, with 80 venture funds raised by firms based in the region since 2005. Scandinavia has also seen 30 of its fund managers raise 45 buyout funds since 2005.

EQT Partners is one of the largest private equity firms based in Sweden, having raised more than $12 billion in the last decade.  The Stockholm-based firm makes investments across several industry sectors including consumer products, distribution, financial services and healthcare. Helsinki-based firm, CapMan Capital Management, closed its first late stage fund in 2008 and has raised more than $2.6 billion over the past decade from a variety of venture, balanced, mezzanine and buyout funds.

There are seven other firms based in the region that have raised more than $1 billion since 2000. Sweden’s Altor Equity Partners has raised over $4.9 billion during the last decade and as a firm they traditionally invest in the mid-market segment of the Nordic region. The Norwegian Herkules Capital are an Oslo-headquartered firm that most recently closed the Herkules Private Equity Fund III fund on NOK 6 billion in 2008. Herkules Capital has raised just under $2 billion over the last decade.

For more information on private equity fund managers on a global basis, please see Preqin's Fund Manager Profiles.

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