Nordic Capital reaches €4.3bn

Stockholm-based private equity firm Nordic Capital has closed its seventh fund on €4.3bn.

Fund VII will focus on investments in large to medium-sized companies with strong market positions and growth potential in the Nordic region and Europe. The fund may also consider opportunities outside Europe and will focus mainly on investments in healthcare as traditional industry and service.

The fundraising received interest from institutional investors world-wide, with the Nordic region representing approximately 15% of commitments, the rest of Europe 30%, the US 35% and the rest of the world 20%. Commitments were received both from investors in previous funds and from selected new investors.

Commitments in Fund VII have been made available for investing during the fundraising process and three acquisitions have already been announced: ConvaTec, SafeRoad and EDB Gruppen.

With the establishment of Nordic Capital Fund VII, advisory offices have been established in Oslo, Frankfurt and London in addition to advisory offices in Stockholm, Copenhagen and Helsinki.

The Nordic region has maintained a healthy fund raising environment despite the global economic grumblings. Nordic Capital’s latest fund is more than twice the size its sixth fund which closed on €1.9bn in March 2006.