Procuritas announces the final closing of Procuritas Capital Investors IV (PCI IV), at EUR 139 million
Press Release, Guernsey
Procuritas Capital Investors IV GP Ltd. (PCI IV GP) announced the final closing of the fourth Procuritas fund – PCI IV – at EUR 139 million. The fund is advised by Procuritas AB and Procuritas Partners GmbH. PCI IV is supported by both existing and new investors including Argentum, Verizon, Adveq, Morgan Stanley, and F&C as the largest investors.
The fund will invest using the same strategy as the previous Procuritas’ funds i.e. focusing on mid-market Nordic investment opportunities where active ownership can accelerate volume and margin growth and develop good companies into leaders of their markets.
“It is a testament to the strength of the team and strategy that so many leading investors have given Procuritas their vote of confidence in these difficult market conditions” said Mikael Ahlström, Founding Partner and Chairman of Procuritas AB.
“The current economic climate is providing a strong flow of investment opportunities where Procuritas’ proven capabilities in supporting organic and acquisition growth, operational rationalising and restructuring can benefit their transition into leaders in their fields” said Erik Fougner, Board member of PCI IV GP and Managing Partner.
About Procuritas
PCI IV is a private equity fund focusing on mid-sized companies in the Nordic region. It has so far made two investments: Däckia Holding AB, a leading provider of tires and as well, tire changing and tire storage services to private and corporate customers in Sweden. The Däckia chain consists of 57 fully owned and 50 partner operated service stations throughout Sweden. Olivia Holding AB, a leading provider of assistance services to the disabled throughout Sweden and elderly care services in the Stockholm region.
Procuritas is a Scandinavian private equity house specialized in initiating, structuring and financing buy-outs. Founded in 1986, the company was the pioneer in introducing the concept of management buy-outs in the Nordic region. Procuritas advised funds have made 26 investments to date. In addition to the companies above the active portfolio includes KGH, North Trade and Ariterm.
For further information, please contact:
Mikael Ahlström, Procuritas AB, tel +46 8 506 143 00
Erik Fougner, Procuritas Partners GmbH, tel +46 702 66 31 11