After less than three months on the road, Altor, a Nordic private equity firm, has raised the amount of €2 billion for its fourth buyout fund.

Most of the capital was raised from Altor’s existing LPs and only “a select few” new investors were invited, said the firm.

Nordic investors provided 20 per cent of total commitments with the rest coming from the US, Europe, Middle East and Asia.

Altor targets companies with revenues of between €50m and €500m. The new fund will back privately-owned companies and make minority investments in publicly traded companies and distressed debt.

Altor partner Harald Mix said, “During the past year Altor has successfully realized four investments, including OW Bunker, Max Matthissen, Eurocater and Byggmax. The returns have been very strong, equally important all these companies have found new owners who will be able to further develop these businesses in the future.

Source: AltAssets

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Nordic Private Equity, Altor, Nordic Buyout Fund, US, Europe, Middle East, Asia, Harald Mix, OW Bunker, Max Matthissen, Eurocater, Byggmax.

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The venture capital investment arm of Google Inc. and provides seed, venture, and growth stage funding to technology companies Google Ventures, is planning to open a London office.

Its founding partners will be investors Peter Read and Tom Hulme, policy wonk Rohan Silva, product and marketing executive Eze Vidra and one other as-yet unidentified woman, Breitbart London has learned. Sources say Silva has been telling “anyone who would listen” about the imminent launch.

Multiple sources have confirmed that Read, an angel investor in dozens of companies and one of the heavyweights of the British startup investment ecosystem, was Google’s number one choice for the firm. A source at Google says he has, after a period of uncertainty, decided to take the job, though he may not have physically signed his contract yet.

Source: Breitbart News

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Google Inc., Seed Funding, Venture Funding, Growth Stage Funding, Technology Companies, Google Ventures, London, UK, Peter Read, Tom Hulme, Rohan Silva, Eze Vidra, Breitbart London, Britain, British Startup, Startup.

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Sequoia Capital Backs Australia’s LIFX with $12M

July 1, 2014

Sequoia Capital, an American venture capital firm located in Menlo Park, California, invested the amount of $12 million in Melbourne-based “smartbulb’ startup LIFX. The multi-colour LED ‘smartbulbs’ are controlled wirelessly through an iOS and Android app. The app acts as a remote through which scenes can be saved, colours can be altered and dimness can […]

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Private Equity Firms’ Record Values of Flotations and Debt Issuance in Europe during First-Half 2014

June 30, 2014

Despite a poor performance by some of the newly listed companies, private equity firms have this year carried out record values of flotations and debt issuance in Europe during first-half 2014. Initial public offerings priced from January 1 to June 26 were worth $26.5 billion. This was up from $5.7 billion in the same period […]

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Private Equity Firms Happy with GoPro’s Market Listing

June 27, 2014

No one was happier than the private equity firms that got to cash in into the GoPro Inc.’s initial public offering deal. This year’s IPO boom has helped to propel the stock market, boost economic confidence and beef up the returns of millions of 401(k) retirement accounts. But perhaps more than anything, it’s been a […]

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Private Equity Targets Kirkland’s Inc.

June 26, 2014

Following to private equity industry sources, a United States retail chain that sells home decor, specializing in furnishings, accessories and gifts Kirkland’s Inc. is on private equity target. The arts and crafts purveyor, with more than $80 million in cash on its balance sheet and no debt, would be an ideal leveraged buyout candidate. And […]

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American Fast-Food Chain Del Taco Up for Sale

June 25, 2014

Following to source, Del Taco, an American fast-food restaurant chain which specializes in American-style Mexican cuisine, is in the early stages of exploring a sale that could fetch more than $500 million. Founded in 1964, Lake Forest, California-based Del Taco owns and operates 546 restaurants in 17 U.S. states. The majority of them are in […]

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Carlyle Lifts $1B for 2nd Fund Aiming Financial Companies

June 24, 2014

The Carlyle Group, an American-based global asset management firm, specializing in private equity, announced it has closed Carlyle Global Financial Services Partners II, a $1 billion buyout fund. While a few smaller private equity firms also run funds dedicated just to financial companies, Carlyle is the only one among the major buyout firms to do […]

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Brazil’s Private Equity Patria Raises $1.4B from Investors

June 23, 2014

According to a filing with the Securities and Exchange Commission, Patria Investimentos, the Brazilian private equity manager that is partially owned by Blackstone Group, has raised the amount of $1.4 billion from investors. That puts Patria about 94% of the way to the fund’s target. Private Equity News reported in February the firm aimed to […]

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Bain Capital Ventures Raises $850M in Two Months

June 20, 2014

The Boston-based venture capital affiliate of Bain Capital, Bain Capital Ventures, has raised the amount of $850 million in only two months for its latest two funds. The firm began fundraising for its $650 million BCV 2014 investment vehicle and a $200 million coinvestment fund on April 2 and had wrapped up financing for the […]

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