Nordic group Polaris completed final closing of its third fund, Polaris Private Equity III, at €365m.
The investment focus is on small and medium sized businesses based in Denmark and Sweden. Polaris will continue to invest in companies with development potential and a turnover of, typically, €25–200m.
Commitments were provided by existing Danish investors, and new backers from Denmark, Finland, France, the U.K., the Netherlands and Switzerland. international investors now constituting close to 40% of the fund.
Polaris Private Equity III already invested Alliance+ and Pysslingen.