Company announcement no 3 2012/13
Copenhagen 28 March 2012
Investment commitment to Norvestor VI
Scandinavian Private Equity A/S (SPEAS) has made an investment commitment of NOK
80m to the private equity fund Norvestor VI.
Norvestor is a Norwegian private equity company with a single office in Oslo.
Since 1993 Norvestor has invested approximately NOK 3 billion in 46 companies,
of which 36 companies have been exited.
Norvestor VI's investments will - in line with the previous Norvestor funds -
focus on controlling interests in small and medium-sized companies with a
significant potential for growth. Typically, Norvestor will invest in the range
of NOK 100m-500m in each company, and geographically the fund will focus mainly
on Norway.
Including Norvestor VI, SPEAS has made investment commitments to nine selected
private equity funds, which SPEAS considers to be among the top funds within
their segments: EQT V, EQT VI, IK 2007, IK VII, Apax Europe VII, Litorina III,
Litorina IV, Herkules III, and Norvestor VI.
SPEAS's uncalled investment commitments to private equity funds total DKK 444m
(based on the latest interim report), which the funds may invest in new
companies over the next years. Investments in private equity funds including the
uncalled investment commitments total DKK 1,175m, equal to 127% of equity, which
stood at DKK 922m at 31 October 2011.
More information on Norvestor is available on the fund's website,
www.norvestor.no.
For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30
[HUG#1597661]
