The Industri Kapital 2000 Fund closes at EUR 2.1 billion
Industri Kapital, one of the leading European private equity firms, announces the closing of the Industri Kapital 2000 Fund with commitments of EUR 2.1 billion.
The capital raised by Industri Kapital from European investors is one of the largest amounts ever raised by any private equity fund in Europe. Among the institutional investors, approximately 40% originate from the Nordic region, 30% from the rest of Europe and the remaining 30% from the rest of the world, mainly the United States.
“We are very pleased with the expansion of our investor base and the confidence that the institutional investors have shown in our investment strategy during a year of volatile capital markets”, comments Björn Savén, Chief Executive of Industri Kapital.
This fourth fund raised by Industri Kapital was closed in November 2000. The Fund will continue to implement Industri Kapital’s focused and disciplined 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 Industri Kapital 2000 Fund has already completed six investments in Europe; Alfa Laval (Sweden), CPS Color (Finland), Dyno Nobel (Norway), Fortex (the Netherlands), Laho Equipement (France) and Nordkemi (Finland/Norway).
Industri Kapital will continue to pursue its expansion programme and actively seek investment opportunities in continental Europe. As a consequence Industri Kapital is strengthening its investment teams in all offices.
For further information please contact:
Björn Savén, Chief Executive, Industri Kapital, +46 8 678 95 00