We are pleased to announce that Norvestor has successfully closed it’s latest fund, Norvestor Nova I SCSp (“Nova I”) fund at EUR 500 million, exceeding the initial target of EUR 350 million in less than three months.
Nova I will continue Norvestor’s strategy of partnering with exceptional businesses across the Nordic region, focusing on tech-enabled services, business services, and scalable business models. The fund received strong support from existing institutional investors, reflecting confidence in Norvestor’s approach.
Rebecca Farr, Head of Investor Relations & Fundraising, expressed gratitude for the trust and commitment of their investors. Managing Partner, Lars Grinde highlighted Nova I as a natural extension of Norvestor’s strategy, aimed at accelerating growth in lower mid-market companies.
Norvestor is a leading private equity company focusing on mid-market buyouts in the Nordic region. The team has worked together since 1991, making it one of the most experienced private equity teams. in the Nordics, having executed 95 investments with >500 add-on acquisitions, in addition to executing 62 exits, including 16 IPOs. The Fund seeks to invest in growth companies in the Nordic mid- market that have the potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries, or by geographic expansion.
Asante Capital Group is a leading independent private equity placement and advisory group. Founded in 2010, the firm has offices in London, New York City, Hong Kong, Munich and Los Angeles. The team of over 75 professionals has advised on over $100 billion of successful private capital raisings across the globe, raising capital from North American, European, Middle East and Asia-Pacific-based investors. Asante specialises in GP advisory and fundraising support across primary, direct and secondary investments.
