The companies being transferred into the new vehicle include Babyshop, Europe’s largest multi-channel children’s clothing and products retailer; BEWiSynbra Group, a leading producer of sustainable packaging and insulation; Marine Jet Power, a leading global provider of waterjet propulsion systems; and MatHem, Sweden’s largest online grocery store.
Verdane Capital VII is a top-quartile fund in its vintage and one of the top five performers in Europe from 2009, according to Preqin. Successful exits from the fund, prior to the establishment of Verdane Capital 2019, include EasyPark, Scanacon, Codenomicon and CRF Health.
Verdane Capital 2019 is backed by Adams Street Partners as the lead buyer, Flexstone Partners, LGT Capital Partners and existing Verdane Capital VII investors.
In a move to change the industry standard on GP-led processes, Verdane opened up the process to other private equity managers and made clear that it also would accept bids where a new GP would manage the portfolio going forward.
Verdane was advised by Rede Partners LLP, a leading independent fundraising and secondaries adviser to the private equity industry.
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
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