Toby Mitchenall
The Nordic mid-market firm led by ex-IK man Harald Mix has closed its third fund on target at €2bn despite 'turbulent' fundraising markets. About 95 percent of the commitments came from previous Altor investors including Harvard and Swedish insurance Group Länsförsäkringar.
The emerging markets specialist has executed another African PIPE deal, this time taking part of Tunisia’s largest listed company.
The UK-listed private equity firm has drawn on talent from the European Bank for Reconstruction and Development to staff its Central and Eastern Europe team.
The lower mid-market firm has sold German automotive and aerospace engineering consultant, IndustrieHansa, for an undisclosed sum, just two years after acquiring it. The buyer was Findos Investor, a fund backed exclusively by German family-owned companies.
The UAE-based buyout group has appointed industrialist Farrukh Abbas to head the firm’s developing Pakistan operations. Abbas will be charged with managing Abraaj’s three portfolio investments in the fast-growing economy as well as sourcing new opportunities.
The European mid-market firm has turned its attention to Central and Eastern Europe with the secondary buyout of a Polish manufacturer of rail freight buffers from Advent. The region is becoming a private equity hotspot, but IK will be proceeding with care.
The Norwegian private equity firm has exceeded its original target of €225m for Norvestor V after seven months of marketing.
Warsaw-based Enterprise Investors has taken a 60 percent stake in Polish bathroom retailer and wholesaler Wema in a deal that values the company at €77m. The acquisition follows figures last week showing that the flow of capital into emerging markets private equity is rapidly accelerating.
Having originally set out to raise €10m by the end of the year from both institutions and individuals, InReturn Capital is upping its target in response to strong demand.
Following the completion of its 19th acquisition this year, the mid-market specialist is lining up the launch of its fourth European fund.