Norvestor closes oversubscribed flagship fund at EUR 2 billion hard cap

Norvestor has held the final close of Norvestor X at its EUR 2 billion hard cap, surpassing its EUR 1.8 billion target just three months after launch. The fund will continue the firm's long-standing mid-market buyout strategy across the Nordics, backing resilient growth companies and supporting management teams in building leading regional champions through operational improvement, acquisitions, and expansion.

Norvestor is pleased to announce the close of Norvestor X SCSp (“Fund X” or “the Fund”) oversubscribed at its hard cap of EUR 2 billion, exceeding its EUR 1.8 billion target, three months after launch.

With more than three decades of experience in the Nordic region, Fund X continues Norvestor’s successful strategy of partnering with exceptional businesses and supporting them in becoming regional champions. The Fund will maintain Norvestor’s focus on resilient, growing companies across the mid-market, backing businesses that are well-positioned to capitalize on regional advantages and trends. To date, Norvestor has completed 101 platform investments and more than 750 add-on acquisitions.

The Fund received exceptional support both from both existing and new institutional investors, reflecting continued conviction in Norvestor’s strategy, team and value-creation capabilities. Participating investors include a broad range of long-term global institutional investors, including endowments, foundations, government agencies, insurance companies, pension funds, and family offices.

The close of Norvestor X comes during a period of high activity: in the last twelve months, funds advised by Norvestor have completed seven platform investments, 148 add-on acquisitions, and eight divestments, reinforcing the position as a leading investor in the region and a good partner for management teams, founders and owners of businesses ready for their next phase of growth.

“We are delighted to announce the first and final close of Norvestor X at its EUR 2 billion hard cap, three months after launch. In a challenging fundraising environment, we are very happy to see over 100% re-up rate from existing investors and are grateful for the trust and continued commitment of our long-standing relationships. In addition, we are pleased to welcome a number of new partners to the Norvestor funds family. We look forward to deepening these partnerships over the coming years”, says Rebecca Farr, Head of Investor Relations & Fundraising.

Lars Grinde, Managing Partner, adds “Fund X continues Norvestor’s longstanding strategy, focusing on backing outstanding management teams to build leading regional champions. With Fund X, we are well-positioned to support entrepreneurs and management teams in accelerating growth, driving operational improvement, and delivering sustainable, long-term value creation.”

Asante Capital Group acted as placement agent, while Fried, Frank, Harris, Shriver & Jacobson, Thommessen and Arendt & Medernach acted as legal advisers.

For further information:

Lars Grinde, Managing Partner at Norvestor Advisory
Email: lars.grinde@norvestor.com

Rebecca Farr, Head of Investor Relations & Fundraising at Norvestor Advisory
Email: rebecca.farr@norvestor.com

Norvestor Advisory is a leading private equity company focusing on mid-market buyouts. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 101 investments with more than 750 add-on acquisitions, in addition to executing 68 exits, including 16 IPOs. The Norvestor funds seek to invest in growth companies that have the potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries or by geographic expansion.

LikeDiscussion

Discussion

You are commenting on Norvestor closes oversubscribed flagship fund at EUR 2 billion hard cap

You must be logged in to add a comment

There are no comments

Be the first to add to the discussion

Fund manager

Norvestor Advisory

Oslo, Norway

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.

buyoutprivate equity