Industri Kapital, a Stockholm-headquartered private equity firm, has held a final close of its sixth fund, the
Limited partners in the fund comprise both existing and new investors, including endowment and pension funds, insurance companies and funds of funds located in the UK, Continental Europe, Scandinavia and North America.
LPs identified by Industri Kapital were Pantheon Ventures, Standard Life, HarbourVest, bcIMC, Skandia, SVG, Partners Group, Varma, Metlife, NYSTRS, Tapiola, AIG and Länsförsäkringar.
The new vehicle will follow Industri Kapital’s strategy of investing in medium-sized companies in the Nordic region and Continental Europe, in particular the Benelux region, Denmark, Finland, Germany, Norway and Sweden.
Over the last 12 months, Industri Kapital has made four investments including
Most recently, Industri Kapital bought German weighing and automation equipment manufacturer
During the same period, the firm has also completed 10 realisations generating about €1.8bn for investors, including DYWIDAG-Systems International, a German supplier of post-tensioning and geotechnical systems, sold to CVC Capital Partners; CEVA Santé Animale, a French veterinary laboratory; Finland’s Eltel Networks; and Prevesta, a Swedish producer of prefabricated houses comprising the brands Myresjöhus and SmalandsVillan.