Litorina Kapital III holds a first close at SEK 843m.
The Swedish private equity firm Litorina Kapital today announced the first close of its new fund, Litorina Kapital III, with capital commitments of SEK 843m (€92m).
First close investors into Fund III include Third Swedish National Pension Fund, The EIF, Access Capital Partners and Scandinavian Private Equity Partners.
The new fund will continue the successful strategy of investing in Swedish businesses in market leading positions with a potential for further expansion and will target companies with an enterprise value of SEK 100-500m (€11-55m).
Since 1998, Litorina Kapital has invested approximately SEK 1,000m (€109m) in a total of 22 companies. The current portfolio consists of 11 companies with a combined turnover in excess of SEK 3bn.
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