Fagerberg & Dellby debut fund holds first close

01 July 2008

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Fund

Fagerberg & Dellby, a new Swedish buyout firm, has held a first close of its debut fund, Fagerberg & Dellby Fond I AB, on SEK 320m. The fund employs a lifespan of 10 years with a two-year extension, and its hard-cap is set to SEK 600m. Terms and conditions have not been disclosed. Vinge acted as the legal adviser to the fund.

Investors

The fundraising process started during the fall of 2007 and some 20 investors have participated in the first closing of the vehicle. Among them are institutional investors SEB Foundation, Boninvest, Einar Mattsson and Hannells Industrier.

Investments

The new fund will focus on acquiring family-owned businesses facing generation shifts. It is expected that six out of 10 family-owned businesses in Sweden will change ownership during the next decade. Target companies will have an enterprise value of SEK 200-600m with further growth potential.

People

The new private equity firm is founded by Christina Fagerberg and Ulrika Dellby. Fagerberg has spent the past six years at Industri Kapital and before that she worked at Goldman Sachs. Dellby was a former partner at Boston Consulting Group (BCG). The two founding partners have also created a Family Business Advisory Board comprising family business entrepreneurs that will be involved in the development of the portfolio companies. Members of the advisory board are: Ulf Spendrup; Charlotte Bohman Almryd, who formerly worked for Fanerkompaniet; Lars Fredriksson of Intellecta; and Erik Nordquist, among others. The fund's investment committee also includes Christian Salamon, who previously managed the Swedish investment team at Industri Kapital; Eirik Winter of Citigroup; Matts Ekman of Ekman & Co, who previously worked for Vattenfall and Electrolux; Mikael Lonn, a former owner and CEO of M&M Medical; and Monica Caneman, who formerly worked for SEB.

Name: Fagerberg & Dellby Fond I AB

Close: SEK 320m

Hard-cap: SEK 600m

Contact: Christina Fagerberg, Ulrika Dellby

Address: Fagerberg & Dellby, Box 7719, 103 95 Stockholm, Sweden

Tel: +46 73 718 11 18

Fax: +46 8 566 133 47

Advisers

Vinge (Legal).