EQT Scandinavia II
Investor AB and the US-based private equity firm, AEA Investors Inc. ("AEA") have established EQT Scandinavia II, a follow-on buy-out fund to Scandinavian Equity Partners, for investments in buy-out transactions involving medium sized Northern European companies.
The new fund has received great interest from Northern European and international investors and has successfully closed with capital commitments of approximately SEK 5.7 billion.
EQT Scandinavia II will focus on investments with a transaction value of more than SEK 500 million. As with the first fund, this fund will work in close relationship with the portfolio companies' operating management and use its network, industrial expertise and capital to enhance and realise the companies' profit potential.
EQT Scandinavia ll will exercise active ownership and be the controlling shareholder in its investments to effectively capitalise on its industrial and financial competence. The board of directors of EQT Scandinavia II consists of Lars Ramqvist (Chairman), Jacob Wallenberg, Massimo Rossi, Vincent Mai, Börje Ekholm and Claus Moller. The Investment Manager is domiciled in the Netherlands.
EQT Scandinavia II is supported by a group of distinguished professionals within industry, commerce and finance. The Senior Advisers include Peter Wallenberg (Investor), Percy Barnevik (ABB), Erik Belfrage (S-E-Banken), Bo Berggren (Investor), Bengt Braun (Bonnier), Jørgen Mads Clausen (Danfoss), Claes Dahlbäck (Investor), Göran J. Ehrnrooth (Fiskars), Jens Gerhard Heiberg (Den Norske Bank), Quek Poh Huat (Temasek), Åge Korsvold (Storebrand), Jouko K. Leskinen (Sampo), Mikael Lilius (Gambro), Henning Kruse Petersen (Nykredit), Birger Riisager (FLS Industries), Anders Scharp (Investor), Björn Svedberg (Investor), Christen Sveaas (Sveaas-Gruppen) and Leif Östling (Scania).
A group of individuals connected to EQT have committed a small part of the capital.
Investor AB and AEA have, together with the leading Danish financial institution Nykredit A/S, also established a buy-out fund focused on investments in smaller Danish companies. This fund - EQT Danmark - has the same investment philosophy as EQT Scandinavia II, but will focus on investments where the transaction value is between DKK 150 million and DKK 400 million.
EQT Danmark has received capital commitments of approximately DKK 1.0 billion from the sponsors and a number of Danish investors.
Decisions regarding the fund´s investments will be made by an investment committee led by Harry Faulkner, former CEO of Alfa-Laval, as Chairman. The Investment Manager is domiciled in the Netherlands.
EQT Danmark is supported by a group of distinguished Danish industrialists, including Jørgen Mads Clausen (Danfoss), Birger Riisager (FLS Industries), Henning Kruse Petersen (Nykredit), Ole Andersen (Sabroe Refrigeration), Stig Rantzen (NTR Holding) and Preben Damgaard (Damgaard Data).
Stockholm 1 September 1998
EQT Scandinavia ll EQTDanmark
FACTS ABOUT SCANDINAVIAN EQUITY PARTNERS
Scandinavian Equity Partners has invested the majority of its capital commitments, which total SEK 2.9 billion, in the following companies: Sabroe Refrigeration A/S, Perlos Oy, Royal Scandinavia A/S, Duni AB, FlexLink AB, Struers A/S, Stjärn TVnätet AB and Ballingslöv AB. The fund will continue to exercise active ownership until its investments are divested and its board of directors, including Gösta Bystedt (Chairman), Claes Dahlbäck, Harry Faulkner and Vincent Mai, will be responsible for the funds operations.
FACTS ABOUT EQT PARTNERS
EQT Partners AB, with its Danish subsidiary EQT Partners A/S, is the investment adviser to EQT Scandinavia II, EQT Danmark and Scandinavian Equity Partners. EQT Partners AB has eight partners from Denmark, Finland and Sweden. The Managing Director is Conni Jonsson.