Polaris Private Equity, a private equity firm focused on SMEs in Denmark and Sweden has closed its third fund with €365 million in capital commitments.
The investment focus of Fund III remains on small and medium sized businesses based in Denmark
Commitments to the fund were provided by the existing Danish investor base, combined with a
significant number of new investors from Denmark, Finland, France, the U.K., the Netherlands and
Switzerland. In total, the number of investors has more than doubled, with international investors now
constituting close to 40% of the Fund.
“A closing of €365 million during one of the worst financial crises of all time indicates strong
confidence in our business model and the results that the team has accomplished. Additionally, it is
very satisfactory that the number of investors has increased and that the international investors have
acknowledged that Polaris is a serious and attractive player in the Nordic countries”, says Polaris
Chairman, Erik G. Hansen.
“Having reached more than €365 million at final close, exceeded our first and ambitious target of €350
million and our last fund size of €270 million. We have, at the same time, increased our investment
group considerably and fulfilled our goal of having a significant share of international investors. Fund
II is fully invested and only a month ago we made the first successful exit when selling Frösunda to
HgCapital. Fund III got off to a good start with the investments in Alliance+ and Pysslingen and add-
on acquisitions to these companies”, adds Polaris Managing Partner, Jan Johan Kühl.
“We will continue to focus on mid-sized companies in Denmark and Sweden. In addition to being one
of the leading players in Denmark, the transactions in recent years make Polaris one of the most active
equity funds in Sweden, and that is a strategy we intend to continue and expand through Fund III” says
Jan Johan Kühl.