Largest Nordic Private Equity Fund in History
White & Case advises Nordic Capital as it raises €4.3 billion for private equity fund
London, New York, Stockholm,
November 26, 2008 ... Global law firm White & Case LLP has advised Nordic Capital, a Swedish headquartered buyout firm, on the structuring, establishment and closing of a Nordic focused private equity fund at its hard cap of €4.3 billion. The fund, which is called Nordic Capital Fund VII, is the largest Nordic fund ever raised, and exceeded its initial target by €600 million. The fundraising achieved its first closing in 10 weeks, one of the fastest closings ever achieved for a fund of this size. The fund will primarily invest in large to medium-sized companies in the Nordic region with a focus on healthcare related sectors, but has the ability to invest globally. The White & Case team led the investor negotiation process, and also advised on the co-investment and carried interest related incentive arrangements for the Nordic Capital executive team. "We are delighted to have assisted Nordic Capital in reaching their hard cap and raising the largest ever Nordic focused private equity fund in what are undoubtedly challenging market conditions," commented White & Case partner Matthew Judd. "The fundraising was a co-ordinated effort between our London, Stockholm and New York based teams. The capabilities of this international team meant that we were able to advise Nordic Capital on a structure to address the complex needs of a diverse pool of over 200 investors across Europe, the US, Asia, the Middle East and Australia." The White & Case team advising Nordic Capital on the fundraising was led by partner Matthew Judd working closely with an international team which included partners Ulf Johansson in Stockholm and Ken Raskin in New York, lead associate Anand Damodaran (London), Sonali Siriwardena and Jeremy Reynolds (London), Lars Barnheim and Anders Olsson (Stockholm), Jeremy Naylor, Jason Rothschild and Gisella Rivera (New York). White & Case has one of the leading global investment fund practices in the world. The firm has a wealth of experience in advising clients across the spectrum from leading private equity fund managers, to blue-chip financial institutions, to some of the largest fund investors, including several leading sovereign wealth funds.
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Erica Howard Media Relations Executive, White & Case 44 20 7532 2852
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