Company announcement no 7 2010/11
Copenhagen, 29 October 2010
Investment Commitment to Litorina IV
Scandinavian Private Equity A/S (SPEAS) has made an investment commitment of SEK
46,250,000 to the private equity fund Litorina IV.
Litorina is a Swedish private equity firm domiciled in Stockholm. Since 1998,
Litorina has invested in 31 companies, and its current portfolio comprises 13
companies with a combined turnover exceeding SEK 5 billion.
Litorina IV seeks - like the previous Litorina fund, Litorina III - majority
control in small and mid-sized businesses with a strong market position. The
fund's geographical focus is primarily Sweden and the fund anticipates making
equity investments in the range of SEK 200-1,000m per portfolio company (excl
debt).
SPEAS' uncalled investment commitment to private equity funds amounts to DKK
406m (as per the latest interim report), which the private equity funds may
invest in new companies in the next few years. Investments in private equity
including the overcommitment option, amounts to DKK 943m, which equals 116% of
equity, which stood at DKK 810m as per 31 July 2010.
Including Litorina IV, SPEAS has made investment commitments to six selected
private equity funds which SPEAS considers to be among the top funds within
their segments: EQT V, IK 2007, Litorina III, Litorina IV, Apax Europe VII and
Herkules III.
The commitment to Litorina IV reflects the fact that SPEAS, due to its
investment strategy and co-operation with the management company, Scandinavian
Private Equity Partners A/S, is recognised as an attractive partner by private
equity funds.
For more information on Litorina, please refer to their website,
http://www.litorina.se.
For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30
[HUG#1457142]
