KKR opens office in Stockholm to step up Nordic activity

The office is the GP's ninth in EMEA, in addition to Paris, Frankfurt, Madrid, Dublin, Luxembourg, London, Dubai and Riyadh. 

The Nordic office will represent all of KKR's different strategies, including private equity, infrastructure, technology and healthcare growth, impact, real estate, and credit. 

Hans Arstad, director at KKR, told Unquote: "Opening an office in Stockholm was a natural step in our European strategy. We're trying to combine our global team and global expertise with local connectivity, which is also why we have offices in Frankfurt, Luxembourg, Madrid, Paris and Dublin. We first invested in the Nordic region in 2005, and, since then, we've invested €5bn across 22 transactions in the region. So, with that track record and good returns, we felt this is a good step to enable us to do more investments out here."

He added that the Nordic region had come very far in terms of ESG compared to many other regions, and that this was "going to present many opportunities for us".

Arstad will lead the Stockholm office, and will focus on investments in private equity, while managing director Carl Lithander will be responsible for fundraising efforts in the region. Arstad said the team will be small at first, but the GP had ambition to grow it. "In 18-24 months from now, we will have a relatively sizable team up here, similar to what we have in the other larger European cities."

KKR's recent investments in the Nordic countries include Söderberg & Partners, Sector Alarm, Wolt, Nordic Bioscience, Caruna, Avida and a residential real estate joint venture in Denmark.

Unquote reported last month that the GP had registered its sixth European upper-mid-market vehicle, KKR European Fund VI. It's previous fund, the KKR European Fund V, closed in November 2019 on €5.8bn, and was 41% deployed as of December 2020, according to Unquote Data.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• GPs
• Nordics
• KKR
• Sweden
• Norway
• Finland
• Denmark