Polaris Private Equity holds $352 mln first close on Fund IV

Polaris Private Equity has held a first close on DKK 2.2 billion ($352 million) on its fourth fund, which is targeting DKK 3 billion. Polaris Private Equity IV was activated on Jan. 1, 2015. The fund will be used to invest in lower middle market Danish or Swedish companies through operational improvements, consolidations and pan-Nordic and international expansion.

Press Release

Polaris Private Equity (“Polaris”), the leading Danish/Swedish lower mid-market private equity investor, is pleased to announce that it has successfully completed a first closing of its fourth private equity fund – Polaris Private Equity IV – at DKK 2.2 billion (€300 million).

The fund, which has a target size of DKK 3.0 billion, became operational as of 1 January 2015, simultaneous with the expiry of the investment period of the predecessor fund, Polaris Private Equity III. The new fund’s strategy is entirely consistent with that of its predecessor fund and seeks to build value in lower mid-market Danish or Swedish companies through major operational improvements and professionalization, extensive consolidation programmes and pan-Nordic and international expansion.

Jan Johan Kühl, Managing Partner at Polaris, commented:

“We are pleased to have held a quick and strong first close for our latest fund, bringing us a very significant way towards our final target of DKK 3 billion. We deliver strong returns to our investors, founded upon our philosophy of investing at disciplined valuations and using a well defined, proven value creation model that combines extensive buy-and-build execution, hands-on operational impact and organizational development, all supported by the ‘Polaris Excellence Model’. The support we have seen for this fund is a testimony to our approach and performance, and we look forward to working with our LPs for many years to come.”