Oslo-based private equity firm Longship has closed its second fund at the hard cap of NOK1.7bn (€160m). The vehicle is slightly larger than the firm’s maiden fund, reported to have raised €133m in 2016.
The firm, a lower mid-market buyout specialist, now manages NOK3.1 billion (€300m) in aggregated capital. Its typical transaction value ranges between NOK 100-500 million (€10-50m).
The firm’s main focus is small and medium-sized Norwegian companies with sales of NOK 150 million to NOK 1 billion (€15m to €100m) and a clear potential for growth in revenue and earnings.
Among its main investment areas are technology, sustainability, leisure and lifestyle as well as welfare. The first fund consists of eight portfolio companies, including the tech company Sensio and the fish farming supplier Nofitech. It has not made any exit yet.
Longship was set up in 2015 by a team of senior partners – Kai Jordahl, Hans Tindlund, and Espen Stenumgård – from buyout group CapMan in Norway.
Source: Private Equity News
Can’t stop reading? Read more
US private equity exits gain momentum for a second year as firms race to offload ageing assets
US private equity exits gain momentum for a second year as firms race to offload ageing assets US...
Thoma Bravo leads new growth chapter for Azul with majority acquisition
Thoma Bravo leads new growth chapter for Azul with majority acquisition Thoma Bravo has closed its...
Blackstone weighs renewed sale of Canary Wharf’s Cargo building as market outlook improves
Blackstone weighs renewed sale of Canary Wharf’s Cargo building as market outlook improves...