FSN Capital Partners, a leading Nordic mid market private equity investor, today announced the final closing of its latest fund, FSN Capital III, with €375 million of equity capital commitments. The fund was substantially oversubscribed.
As with prior funds, FSN Capital will seek to generate long term capital appreciation through leading control-orientated investments in companies where FSN Capital can actively drive trend shifts in EBITDA performance. The fund will make investments in Nordic companies with enterprise values ranging from €50 to €200 million.
Managing Partner Frode Strand-Nielsen commented, “The success of this fundraise is a testament to the quality of the FSN Capital investment team. We believe our distinct investment strategy provides a highly effective mechanism to transform Nordic companies into “best of breed” businesses capable of competing on the global stage. We are delighted to see a strong vote of confidence from both existing and new investors.”
The fund received commitments from investors located in the Nordics, Switzerland, Germany, the Netherlands, the United Kingdom, the United States and the Middle East. The investor base includes leading private and public pension plans, endowments and foundations, funds of funds, banks, insurance companies, family offices and private trusts.
The FSN Capital fundraising team consisted of Frode Strand-Nielsen, Henrik Lisæth and Ragnhild Skjævestad.
FSN were assisted by Park Hill Group, Clifford Chance and Bedell Cristin.