Adelis Equity Partners, a Stockholm, Sweden-based nordic lower mid market private equity firm, closed its second fund, at €600m.
Launched in March 2017, Adelis Equity Partners Fund II closed on June 9, 2017 with backers including pension funds, foundations and fund-of-funds from Europe and North America. Adelis’ employees have committed to invest €30 million.
Led by Jan Akesson, Gustav Bard, Steffen Thomsen, Erik Hallert, Rasmus Molander, and Joel Russ, Adelis II will continue its predecessor fund’s strategy of acquiring majority interests in Nordic companies with Enterprise Values between €20m and €200m.
Adelis Equity Partners Fund I closed on SEK 3.7 billion in October of 2013 and has so far invested in twelve companies in Sweden, Denmark and Finland. These portfolio companies have in turn made more than 20 add-on acquisitions.