Nordic market bolstered by strong exits

One in 10 respondents even anticipate returns in excess of 25%. This optimism was no doubt strengthened by a string of lucrative exits being recorded in the first months of 2012. CVC notably sold Ahlsell to Cinven and GS Capital in a €1.8bn secondary buyout. Meanwhile Nordic Capital's LPs reaped further rewards from Nycomed when remaining subsidiary Fougera was sold to Switzerland's Novartis for a hefty $1.5bn, bringing the total price tag of Nycomed to €10.7bn.

Unsurprisingly, Nordic GPs will try and leverage those impressive results ahead of what is shaping up to be a busy fundraising season: 70% of respondents intend to raise another fund targeting Nordic countries in the next 12-24 months.

Although activity in the Nordic region is some way off the highs seen in the first half of last year, it is still up on the second half of 2011 – and a majority of respondents expect dealflow to increase over the next 12 months. This buoyant mood stems in part from the confidence in the region's ability to dodge the storm brewing on the rest of the continent: 69% of respondents believe the current macroeconomic conditions are the key differentiating element between the Nordic private equity market and other European countries.

To view the commented survey results in full, download the Nordic Survey 2012 here.

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

• Topics
• Nordics
• Industry
• Norway
• Sweden
• Denmark
• Finland