Sentica raises €185m for fifth buyout fund

Sentica Buyout V will follow the strategy of its predecessors, investing in companies with revenues of €10-100m across all sectors.

The fifth fund is 42% larger than its previous iteration, Sentica Buyout IV, which closed on €130m in October 2013 after a year and a half on the road.

Investors
Sentica Buyout V's LPs are 55% Finnish and 45% European, the GP said in a statement.

A large proportion of existing Sentica backers re-upped for the fifth fund, including Akina Partners, Finnish Industry Investment, Elo Mutual Pension Insurance, Ilmarinen Mutual Pension Insurance Company, Etera Mutual Pension Insurance Company and European Investment Fund. Newcomers to the firm's LP base include Access Capital Partners, Rothschild and LähiTapiola.

Investments
Sentica Buyout V will back small and medium-sized Finnish enterprises with revenues of €10-100m. Average equity tickets are assumed to be around €7-20m per portfolio company, based on the strategies of previous funds, according to unquote" data.

At the time of publication, Sentica's portfolio consisted of 15 currently held investments across its funds.

People
Sentica Partners – Mika Uotila (CEO); Liisa Harjula (investment director, head of IR).

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• Topics
• Buyout
• Nordics
• Sentica Partners
• Finland