Adelis Equity Partners Closes SEK 3690 million (€420 million) Maiden Fund
Stockholm, Sweden – Adelis Equity Partners Fund I, a buyout fund focused on the Nordic lower middle market, has held a final close.
Adelis Equity Partners Fund I was launched in February 2013 and closed on its hard cap of SEK 3 690m (€420m) on October 18, 2013. Investors include leading pension funds, foundations and fund-of-funds from Europe and North America.
“We are grateful for the support from our investors and excited about the investment opportunities for our maiden fund” said Jan Akesson, Co-Managing Partner
“We are also pleased that we were able to establish what we believe is the largest on-shore private equity fund operating in the Nordic Region. Adelis Equity Fund I is a standard Swedish limited liability company” said Gustav Bard, Co-Managing Partner.
Adelis received legal advise from O’Melveny Myers and Vinge in the fundraising process. Park Hill Group was placement adviser.
Adelis Equity Partners seeks to acquire majority interests in businesses with enterprise values between €20 million and €200 million located in the Nordic Region. The firm is based in Stockholm, Sweden but also has a Copenhagen office.
For further information, please contact
Gustav Bard, Co-Managing Partner, Adelis Equity Partners, +46 8 525 200 02
Adalbjörn Stefansson, Investor Relations, +46 8 525 200 04