NORWAY - Ferd Private Equity spins out

Ferd AS and Herkules are now two independent companies and Herkules will relocate from Ferd’s office to central Oslo in the next ten months. The organisation structure and its businesses will remain the same.

Ferd will not be the cornerstone investor in the GPs third fund, which is expected to be launched later this year. Ferd has corner-stoned the two previous funds. However, Ferd will continue to invest in Herkules as an LP, and the investment house and Herkules will continue to work together on the two existing funds in which Ferd has invested NOK 3.7bn. The spin-out has been on the cards for some time and was not the result of disagreements between Ferd and the management team. The choice to spin-out comes after Ferd decided to build up a broader investment house and the conclusion reached was that the private equity unit was better suited to operate independently.

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

• Topics
• Industry
• Nordics