Equip Capital Fund I LP Closes First Fund at Hard-CapWritten by: Asante Capital | Date: 22 December 2020
London, 14th December 2020 – Leading Nordic investor Equip Capital has closed their first fund on €180m (NOK 1,900m).
The Oslo based team, led by Sverre Flåskjer, established Equip in late 2018 and have since closed six high-growth buyout transactions in the Norwegian and Swedish mid-market.
The portfolio includes Bastard Burgers, a rapidly expanding chain of fast-casual burger restaurants operating in over 30 locations across Sweden, Mimir, a leading Norwegian IT services platform focussed on SME’s and Holy Greens, a leading sustainable health food chain with outlets across Sweden and on-line. Having held a successful close near the fund target in February 2020, the team were able to attract further capital virtually through the COVID period and Fund I was oversubscribed at final close with interest in excess of the hard-cap.
Asante Capital acted as exclusive global fundraising adviser, while BAHR acted as Fund I’s legal advisers.
Equip is an Oslo-based private equity firm entirely dedicated to investing in profitable, high growth Nordic SMEs, predominantly in Norway and Sweden, with a focus on companies in the consumer, industrials and business services sectors. Equip invests between €10m and €30m of equity per deal and can bring additional co-investment via its LPs.
See www.equip.no for further details.
For further information, please contact:
Sverre Flåskjer, Managing Partner, Equip Capital – firstname.lastname@example.org
Warren Hibbert, Managing Partner, Asante Capital Group – email@example.com