Focused investment
As of June 2010, Procuritas has led, or co-led or advised 29 buyouts in the Nordic region with a combined consideration over SEK 12 billion.
Focus is on mid-sized companies in the Nordic region with strong position in their respective markets and a potential for accelerated growth and operational improvements. With the support of specific industrial competence recruited from its wide network of advisors, Procuritas has helped create solid platforms for value creation.
There are currently nine investments in the portfolios of Procuritas advised funds. Twenty companies have been fully divested, either to industrial buyers, other private equity firms or through an IPO. Fully divested companies have provided exceptional returns of over 100% in gross IRR since inception and over four times invested capital.
View a video featuring Espen Langeland, Investment Director, Argentum, who talks about selecting the best performing private equity funds. Transcript
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Hello,
My name is Espen Langeland, and I am heading Argentum´s primary fund investments.
Argentum has some 800 million Euros under management, and manages private equity investments on behalf of the Norwegian Government. We specialize in selecting the best performing private equity funds. You could say that we are a “specialist on specialists”.
It is difficult to find the best funds. Our work involves identifying the funds we believe are the most capable of selecting the best projects and can add value to a company as an owner. Ultimately, we want to select the funds that can deliver the highest possible return on investments.
Good funds are able to create value by being active owners. By the means of capital, experience and networks, they are able to find, develop and exit the best businesses. When evaluating a private equity fund such as Procuritas, we look for the right team to execute this job. We carefully review the team, the fund strategy and whether the concept has an edge compared to other relevant funds in the market. We also review the manager’s track record and history of adding value to its businesses and, consequently, returning value to investors. As a long term partner, Argentum will continue to support those managers that deliver returns according to plan and expectations.
When it comes to Procuritas, we particularly value the team’s long experience, solid position in the midcap market and successful track record of building strong and profitable companies in the Nordic region.