Adelis Equity Partners, a Nordic firm founded by former Triton executive Jan Åkesson and former 3i executive Gustav Bard, has held a first close on approximately SEK 2 billion (€230 million; $303 million), PEI has learned.
The firm was established last November, according to Åkesson's and Bard‘s pages on professional networking site LinkedIn. It is understood to be targeting around SEK 3 billion and is expected to hold a final close before the end of the year.
Adelis did not respond to a request for comment.
It is unclear when Adelis officially launched the fund but the firm’s head of investor relations, Adalbjörn Stefansson, has been with Adelis since its inception last November, according to his LinkedIn page.
Before co-founding Adelis, Åkesson was an executive at Triton Advisors in Stockholm for 11 years. He was also chief executive officer of Triton Advisors Nordic between February 2001 and October 2010.
Prior to co-founding Adelis, Bard spent more than a decade at 3i Group. He was a managing director at 3i Nordic from April 2004 until November 2011, prior to which he was a managing director at 3i Sweden, according to his LinkedIn page.
Stefansson also has a background in the buyout industry, having previously been head of private equity at Länsförsäkringar, a Swedish insurer. He later became head of buyout fund investments at Skandia Life, a Swedish life insurer, where he was responsible for the buyout programme, before setting up his own consultancy group.
At Skandia, Stefansson worked on several private equity related projects, including Skandia Life's acquisition of Skandia Nordic, a £2 billion transaction, and the post-merger integration planning for Skandia Life Asset Management, according to his LinkedIn Page.