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Laxman Pai, Opalesque Asia: The private equity investor Nordic Capital has created a new fund for mid-sized companies worth €1.2 billion ($1.4bn), including GP commitment of 6.8%, in just three months.
The Evolution Fund was substantially oversubscribed at its hard cap and significantly exceeded its target, said a press release from the private equity fund that focuses on investments primarily in Northern Europe.
"With the Evolution Fund, Nordic Capital will build on its long and successful investment experience in the mid-market, applying its value creation model to a broader size range of mid-market companies in its selected sectors and geographies, leveraging its expertise and extensive expert networks," said the release.
Focusing on control buyouts, the new Fund will target equity investments across Northern Europe of between EUR 35 million and EUR 150 million in mid-market companies with an EV of EUR 50 million to EUR 300 million.
It will closely replicate Nordic Capital's strategy focusing on non-cyclical growth opportunities within the Healthcare, Technology & Payments, and Financial Services sectors.
The Evolution Fund will also continue Nordic Capital's strong ESG focus, where Nordic Capital has received the highest ESG rating from the UNPRI, the release added.
The new Fund is advised by a team, led by Joakim Lundvall, Partner, Nordic Capital Advisors, and comprises a mix of experienced investment professionals from Nordic Capital Advisors and s...................... To view our full article Click here
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