Last word

  • Ahlsell announced the appointment of Rolf Borjesson as chairman of the board. Owned by a private equity consortium comprising Cinven and Goldman SachsCapital Partners, Alhsell is one of the Nordic region’s leading building materials distribution companies. In addition to being non-executive chairman of Rexam, the global consumer packaging company, Borjesson is also a non-executive director of Avery Dennison, one of the world’s largest pulp and paper companies, based in Stockholm, Sweden.
  • FSN Capital held the final close of its fund FSN Capital II on January 30, with total commitments of €151m. The fund is structured as a 10-year Jersey-based limited partnership. The investors are comprised of the Norwegian LP establishment with investors such as Argentum, KLP, Nordea, DnB NOR, Storebrand, Hoegh Capital Partners, as well as the larger corporate pension funds. International investors such as Lombard Odier Darier Hentsch, Landsbanki Islands, KF and FIH Ervervsbank are also represented.The fund will invest in medium sized industrial, consumer goods and services companies with an enterprise value of between €50m and €150m. Primary geographic focus is Norway, with secondary focus on Sweden and Denmark.
  • American Capital Strategies, a buyout and mezzanine fund manager, has merged three of its radiation measurement portfolio companies to create Mirion Technologies. ACS bought Global Dosimetry Solutions for US$49m in 2003 and in 2004 bought US-based peer Imaging and Sensing Technology for US$45m and then France-based SynOdys Group for US$79m. Tom Logan, the chief executive of Global Dosimetry, will lead the combined company. Ira Wagner, chief operating officer of ACS, said that the merger of three highly profitable leaders in the radiation measurement and protection industry creates a dominant global player with leading positions in the nuclear power instrumentation, civil and military defence, and health physics markets.