Silverfleet snaps up AP6 investor for Nordics

Karl Eidem, previously a senior principal at Doughty Hanson, will co-head the Nordic region alongside Gareth Whiley.

Silverfleet Capital, a European mid-market private equity firm, has appointed Karl Eidem as co-head of the Nordic region, according to a statement from the firm.

Eidem joins from Swedish national pension fund AP6 where he was an investment director overseeing the development of an international investment programme through mid- to large-cap private equity firms and co-investments.

Prior to AP6, where he spent two years, Eidem was a senior principal at Doughty Hanson in Stockholm and London responsible for deal origination in the Nordics. He was previously a partner at Nordic investment bank ABG Sundal Collier and an investment banking director in the Nordic and industrial team at Lehman Brothers International.

Eidem will lead the firm’s investments in the region alongside current head and partner Gareth Whiley. Silverfleet has made three investments in the Nordic region since 2013. It has also completed one exit – the sale of Cimbria, a Danish-headquartered manufacturer of equipment and processing lines for seed and grain, to AGCO Corporation for around €310 million in 2016.

Neil MacDougall, managing partner at Silverfleet said in the statement that Eidem brings “valuable experience to our team and will play an important role as we continue to build up our presence in the Nordic Region”.

Silverfleet is investing its second fund, which closed above its €700 million target on €850 million in June 2015.

Silverfleet positions itself as a buy-and-build specialist, investing in businesses with enterprise values of between €75 million and €250 million, headquartered in the UK and Ireland, the DACH region, France, Benelux and the Nordics. The four sectors the firm focuses on are business and financial services, healthcare, manufacturing and retail, and leisure and consumer products.