Norvestor announces the final close of Norvestor VIII SCSp
Norvestor is pleased to announce the final close of Norvestor VIII SCSp (“Norvestor VIII”), with EUR 800 million of committed capital from a diversified group of existing and new investors from Europe, North America and Asia.
Norvestor is one of the most experienced private equity firms in the Nordics with a 30-year history. The team, with local presence in Norway, Sweden, Finland and Denmark, will continue its successful strategy in creating Nordic Champions, teaming up with successful founders and managers.
Norvestor VIII has a strong following from existing investors and has received commitments from a broad range of long-term institutional investors, including pension funds, foundations and family offices.
“We are delighted to announce that Norvestor VIII was oversubscribed. In addition to the strong support from our existing relationships, we were able to welcome many new high-quality investors. Raising a new fund digitally has been a new experience both for us and many of the investors. We really look forward to continue strengthening our investor relationships and also be able to meet in person over the course of Norvestor VIII”, says Rebecca Farr, Head of Investor Relations at Norvestor.
“The size of Norvestor VIII and the experienced, local Nordic team enables Norvestor to continue to support Nordic buy & build with our operational oriented growth-driven strategy. Forming long-standing deep partnerships with founders and management of growth driven businesses is a cornerstone of our investment strategy acting as a responsible owner and trusted partner.”, says Lars Grinde, Managing Partner at Norvestor.
“We see ESG as a shaping force in Nordic businesses and it has become an integral part of our investment processes. In addition to ESG screening and a systematic approach to action for environmental betterment in all our portfolio companies, we increasingly see sustainability as a growth driver, often one of the most potent, and as a competitive arena to attract talent“, continues Rebecca.
Norvestor VIII has made four platform investments, PHM, SmartRetur, Pearl and Smartvatten, all resilient business services companies with true Nordic growth ambitions.
Norvestor was assisted by Credit Suisse Private Fund Group who acted as exclusive placement advisor to Norvestor VIII, and by Fried, Frank, Harris, Shriver & Jacobson, Arendt & Medernach and BA-HR, who acted as legal advisers.
For further information:
Lars Grinde, Managing Partner at Norvestor Advisory
Telephone: +47 402 11 444
Rebecca Farr, Head of Investor Relations at Norvestor Advisory
Telephone: +47 959 29 314
Norvestor is a leading private equity firm focusing on mid-market buyouts in the Nordic region with offices in Oslo, Stockholm, Helsinki, Copenhagen and Luxembourg. The team has worked together since 1991 making it one of the most experienced private equity teams in the Nordics, having executed 75 investments with more than 300 follow-on M&A transactions, in addition to executing 51 exits including 15 IPOs. The Norvestor funds seek to invest in growth companies in the Nordic mid-market that have potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries and by geographic expansion. Read more at www.norvestor.com