Nordic Capital cuts LBO fund target by 25%

The fund's reduced target lies between €3-3.5bn. The GP plans to reach a first close on around 50% of the new target by the end of the year, say reports, and will begin investing before the fund closes in April.

Nordic Capital's latest fund, Nordic Capital Fund VII, closed on €4.3bn in 2009. Its most recent investment was in May 2012, when the GP acquired Danish steel contractor Bladt from Maj Invest and Industri Udvikling.

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• Topics
• Nordics
• Buyout
• Nordic Capital