Litorina Kapital III holds final close, oversubscribed at SEK 1.38bn
Litorina Kapital today announced the final close of Litorina Kapital III at SEK 1.38bn (EUR 150m). Established in 1998, Litorina Kapital is a private equity firm that focuses on acquiring and industrially developing small to mid-sized Swedish companies.
Investors into the Fund include fund-of-funds, pension funds, and family offices from Europe and the US.
“We are delighted with the ongoing support we have received from our existing investors and with the high calibre of new investors who have committed to the fund,” commented Harold Kaiser, Managing Partner at Litorina. “Following our first close we encountered significant interest from high profile LPs, which resulted in an oversubscribed final closing.”
Litorina Kapital is one of the few private equity firms focusing on buying and industrially developing smaller companies in Sweden. This focus is proving very successful, as evidenced by the recent sale of Q-MATIC to Altor for a return of more than 9 times the original investment.
Litorina Kapital III will continue this successful strategy and has already made three investments: Pahléns, a leading Nordic supplier of high quality swimming pool products; Securia Systems, a personal insurance and protection company; and EuroFlorist, Europe’s leading flower delivery service provider.
“Our investment process has always been very selective with a large emphasis on pro active deal sourcing. I am very pleased to see that several of the potential deals we have been working on now are materialising,” added Kaiser.
Since 1998, Litorina Kapital has invested more than SEK 1,200m (€130m) in a total of 27 companies. The current portfolio consists of 11 companies with a combined turnover in excess of SEK 3bn.
Matrix Private Funds Group acted as placement agent.
For further information, please contact:
Managing Partner, Litorina Kapital
Tel: +46 708 543 800