Norvestor: Nova I Fund Exceeds Target, Closes at EUR 500m
Funding | Mar 26, 2025 | Norvestor
Norvestor, a private equity firm with over three decades of experience in the Nordic region, has announced the closing of its new fund, Nova I, at a hard cap of EUR 500 million, significantly exceeding its initial target of EUR 350 million. The fund, which closed only three months after its launch, aims to invest in the lower end of the mid-market in the Nordic region, focusing on companies in Technology Services, Business Software, and Scalable Business Models. The strong commitment from Norvestor's existing institutional investors underscores their confidence in the firm's strategy and track record of value creation. This success follows the earlier closing of Norvestor IX at EUR 1.5 billion, again demonstrating strong investor re-engagement. Asante Capital Group acted as the global placement agent, while law firms Fried, Frank, Harris, Shriver & Jacobson and BAHR provided legal advice. With this new fund, Norvestor is set to enhance its partnership with Nordic entrepreneurs, enabling them to drive profitable growth and efficiencies within their respective industries.
Sectors
- Private Equity
- Finance and Investments
- Technology
Geography
- Nordic Region – The focus of Norvestor's investment strategy and target companies predominantly lies within the Nordic region, leveraging the firm's extensive experience in this geography.
- Europe – The fund received substantial backing from European investors, highlighting the geographic reach and influence within the continent.
Industry
- Private Equity – The article primarily discusses the activities of Norvestor, a private equity firm, detailing the closing of a new fund and its investment focus.
- Finance and Investments – The article highlights Norvestor's successful fundraising efforts for Nova I, focusing on strategic investment opportunities in the Nordic mid-market.
- Technology – One focus of Norvestor's Nova I fund is on companies within Technology Services, indicating an industry-specific strategic interest.
Financials
- EUR 500 million – The amount at which Norvestor closed its Nova I fund, exceeding the initial target of EUR 350 million.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Norvestor | Private Equity Firm | Company | A leading private equity firm focused on mid-market buyouts in the Nordic region, managing the Nova I fund. |
| Norvestor Nova I SCSp | Target Company | Company | The newly established fund by Norvestor focused on investment in the Nordic mid-market. |
| Asante Capital Group | Global Placement Agent | Company | Acted as the global placement agent for Norvestor's Nova I fundraising. |
| Fried, Frank, Harris, Shriver & Jacobson | Legal Advisor | Company | Provided legal advisory services for the establishment of Norvestor's Nova I fund. |
| BAHR | Legal Advisor | Company | Provided legal advisory services for Norvestor's Nova I fund. |