Adelis Equity Partners has closed Adelis Equity Partners Fund I, a 420 million euros ($564 million) buyout fund focused on the Nordic lower middle market. O’Melveny & Myers represented the firm in the fundraising.
O’Melveny & Myers LLP represented Adelis Equity Partners in the closing of Adelis Equity Partners Fund I, a €420 million (US $564 million) buyout fund focused on the Nordic lower middle market.
The London-based O’Melveny team was led by partner John Daghlian and counsel Angela Yung. The team also included partner Daniel Quinn and trainee Dorota Maj. Partners Jan Birtwell and Luc Moritz, counsel Bryan Kelly, and associate Rachel Hawkins advised on tax issues.
O’Melveny’s London Private Equity group was named “Private Equity Team of the Year” by Legal Business for its work advising Coller Capital on two record-breaking secondaries deals. For three consecutive years, the London office has been recognized by the Diversity League Table for its diversity.
About O’Melveny & Myers LLP
With approximately 800 lawyers in 16 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com
The following press release was issued by Adelis Equity Partners :
Adelis Equity Partners Closes SEK 3690 million (€420 million) Maiden Fund
Stockholm, Sweden – Adelis Equity Partners Fund I, a buyout fund focused on the Nordic lower middle market, has held a final close.
Adelis Equity Partners Fund I was launched in February 2013 and closed on its hard cap of SEK 3 690m (€420m) on October 18, 2013. Investors include leading pension funds, foundations and fund-of-funds from Europe and North America.
“We are grateful for the support from our investors and excited about the investment opportunities for our maiden fund” said Jan Akesson, Co-Managing Partner
“We are also pleased that we were able to establish what we believe is the largest on-shore private equity fund operating in the Nordic Region. Adelis Equity Fund I is a standard Swedish limited liability company” said Gustav Bard, Co-Managing Partner.
Adelis received legal advise from O’Melveny & Myers and Vinge in the fundraising process. Park Hill Group was placement adviser.
Adelis Equity Partners seeks to acquire majority interests in businesses with enterprise values between €20 million and €200 million located in the Nordic Region. The firm is based in Stockholm, Sweden but also has a Copenhagen office.
For further information, please contact
Gustav Bard, Co-Managing Partner, Adelis Equity Partners, +46 8 525 200 02
Adalbjörn Stefansson, Investor Relations, +46 8 525 200 04