A Swedish-Norwegian AB and AS-based private equity fund-in-a-fund, which in a private equity context is considered a small depositer, has just completed a first round with a total equity capital of approximately SEK 500 million, of which SEK 350 million originate from Swedish depositors and the remaining capital from Norwegians. Behind the fund – Global Private Equity 2006 – stands Acta Asset Management and First Securities. The fund's equity capital topped with loans will initially be invested based on agreements with Auda Global Partners LP, but direct investments will also be made, corresponding to a maximum of 15-30% of the fund's equity capital. Future draw-downs and direct investments will be financed through a mix a (newly generated) private equity and loan financing. Geographically, Global Private Equity 2006 will focus on the USA as well was northern and eastern Europe. The shares will not be listed, but AAM will assist during second-hand sales under certain conditions.
From Vinge, the Stock and Corporate group (Rikard Stenberg, Dain Nevonen) and the Tax Group (Mattias Schömer, Maria Doser) assisted in the transaction, which was completed in close cooperation with AAM and First Securities as well as with the Norwegian legal advice firm of Schjödt.
