MVI Advisors AB (“MVI”) has reached a final closing on its second private equity fund, MVI Fund II AB (the “Fund” or “Fund II”) with commitments of SEK 1.1 billion, exceeding its target of SEK 1 billion. MVI’s previous fund, MVI Fund I AB (“Fund I”), had commitments of SEK 478 million. The Fund, led by Stefan Karlsson and Daniel Nilsson, is pursuing the successful strategy implemented by MVI since 2011 of completing buyout investments in high-quality, small companies in the Nordic region, with a particular focus on Sweden.
The focus of Fund II is control positions in companies that take advantage of sustainable industry trends, have solid fundamentals, show potential for strong organic growth, and lend themselves to buy-and-build strategies. Stefan Karlsson, Partner at MVI comments:
"We are delighted to reach a final close on Fund II of SEK 1.1 billion, an amount significantly larger than our previous fund. It will be used to create the next generation of market-leading Nordic companies. We are grateful to our existing investors for their continued support, and welcome on board our new investors. Our first four investments in the Fund are performing well and we are now focused on a strong pipeline of opportunities."
Elm Capital acted as the global placement agent for the Fund.