Accent Equity buys Swedish healthcare asset

Accent Equity Partners, the Nordic midmarket investor created by the merger of NOrdico and Euroventures, has invested E11m in Cefar, a developer of Electrotherapy treatments.

(www.PrivateEquityCentral.net) Swedish private equity firm Accent Equity Partners made its first investment in Swedish healthcare group Cefar for SKr100m (E11m) in cash and shares, according to news reports.

Accent will hold a 55 per cent stake in Cefar, which develops electrotherapy treatments for injured muscles in the sports and medical arena. The firm plans to expand the company into the U.S. and look for acquisitions in Europe, reports said. Last year, Cefar had revenues of SKr125m.

Accent is currently raising Accent Equity 2003, a fund geared toward mid-market buyouts and growth capital segments in the Nordic region with a target of between E200m and E300m. Funding for Cefar comes from E100m already available for investments after a first round of fundraising in August.

Accent Equity Partners, formed from the merger of private equity houses Nordico and Euroventures, currently manages SKr2.5bn (E278m) in assets. The firm tends to invest in more traditional industrial and service sectors, with equity investments in the range of E5m to E50m.