Odin Equity Partners, a Danish buyout firm, has restructured its two funds and raised additional capital, with investors led by Access Capital Partners buying stakes in the transaction, Secondaries Investor reports.
Portfolio companies from both funds were transferred to newly created vehicles, additional working capital was provided for existing companies and for investing in new small and medium-size Danish companies, and some terms of the funds were reset.
The consortium of new and existing investors that backed the two new funds was led by Access Capital Partners and also included Idinvest Partners, Altamar Capital Partners, Danish pension provider PenSam, BNP Paribas Private Equity and SCPP, a Monaco-based family office. Existing investors who decided to roll over from Odin II to BWB II include Horsley Bridge Partners, European Investment Fund, Industriens Pension, Euro Private Equity and Coeli Asset Management.
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