Nordic unquote" July/August 2011

Viktor Lundvall
18 July 2011

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Just a few months after closing what many call Europe’s most impressive fund of the year, Montagu is waving goodbye to two directors, unquote” has learned from sources close to the fund.

Peter Dahlberg, a director in Montagu's Stockholm office, and Nico Helling, a director in the German team, were asked to leave by Montagu recently and are on gardening leave until November. Investors were sent a letter in June. As of now, the two are not believed to be joining other buyout houses.

Crucially, only Helling was a "key man" and is one of several, therefore the €2.5bn fund's longevity is not in doubt. Montagu's 2005 fund stands at a 20% premium to cost, and the firm's long-term IRR for earlier funds is 22-23% net.

Montagu would not comment on the departures.

In the July/August edition of Nordic unquote":

Is pharma losing out on venture funding?

Secondary buyouts on the rise

Management due diligence: Power to the people

Corporate buyers: stealing the deal

Download the latest digital edition of Nordic unquote" now!