Industri Kapital closes fund at E2.1bn

40 per cent of the capital raised comes from Nordic investors, another 30 per cent from the rest of Europe.

Private equity firm Industri Kapital has closed its Industri Kapital 2000 fund at E2.1bn. The fund is one of the largest ever raised in Europe. Approximately 40 per cent of the investors are from the Nordic region, 30 per cent from the rest of Europe and the remaining 30 per cent is mainly coming from US institutions.

The 2000 fund has already completed six investments in Europe; Alfa Laval (Sweden), CPS Color (Finland), Dyno Nobel (Norway), Fortex (Netherlands), Laho Equipement (France) and Nordkemi (Finland/Norway).

Björn Savén, chief executive of Industri Kapital, said: “We are very pleased with the expansion of our investor base and the confidence that institutional investors have shown in our investment strategy during a year of volatile capital markets.”

Industri Kapital Fund 2000 is the fourth raised by the firm. It will continue to implement Industri Kapital’s investment strategy of acquiring and developing medium to large sized divisions or subsidiaries of larger groups, and family businesses, as well as attractive public-to-private targets in various industries. The company will seek investment opportunities in continental Europe and plans to expand its investment teams in all offices.

Industri Kapital has more than E3bn under management in four funds.