“We are pleased to announce that Verdane VIII has secured 2bn in commitments. The fund will be invested in Nordic companies with international growth potential active in IT, energy and advanced industry”, says Lars B. Thoresen, Managing Partner at Verdane Capital Advisors.
Ten new investors have invested in the fund which is the largest Verdane fund ever. More than half of the fund’s capital comes from investors outside the Nordics.
“Verdane funds hold a unique position in the Nordic market because they invest in unlisted portfolios – which the response to the latest fund clearly demonstrates. We are happy about the confidence these new and old investors have shown”, adds Lars B. Thoresen.
Among the investors who back the fund are Swedish Pension fund AP3, the European Investment Fund, French insurance company CNP, as well as Finnish Industry Investment, and some significant US institutional investors.
Verdane VIII has already invested in sixteen companies through three different portfolios in Sweden and Norway. The companies are active in e-commerce, energy and IT.
“We are searching for further investment opportunities within these sectors, and within technology driven industry. The fund offers liquidity to sellers in a time efficient way, and has the flexibility to buy a complete portfolio, parts of a portfolio or just a single shareholding. The companies can benefit from our experience and knowledge. We already see a lot of interest from potential sellers, but would also be happy to discuss new opportunities”, says Bjarne Lie, Managing Partner at Verdane Capital Advisors.
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
Follow Verdane on LinkedIn
Press Contact
Verdane Press Office
press@verdane.com
+46 76 27 28 100
