Nordic Capital’s €1.2 Billion Closing of Evolution Fund

Carey Olsen, working alongside Kirkland & Ellis and Arendt & Medernach, advised European private equity firm Nordic Capital on the €1.2 billion final closing of its first Evolution Fund.
Launched in April, 2021, and raised in only three months, the Evolution Fund was substantially oversubscribed and significantly exceeded its fundraising target. 

Focusing on control buyouts, it will target equity investments across Northern Europe of between €35 million and €150 million, and closely replicate Nordic Capital’s established and successful strategy focusing on non-cyclical growth opportunities within the healthcare, technology & payments and financial services sectors. 

The Evolution Fund will also continue Nordic Capital’s strong environmental, social, and governance (ESG) focus, where Nordic Capital has received the highest ESG rating from the United Nations’ Principles for Responsible Investment.

The Carey Olsen team was led by partner Daniel O’Connor (Picture), assisted by counsel Andrea Steel, senior associates Arindam Madhuryya and Mark Slater and associate Jennifer Liss.

 
Involved fees earner: Jennifer Liss – Carey Olsen; Arindam Madhuryya – Carey Olsen; Daniel O’Connor – Carey Olsen; Mark Slater – Carey Olsen; Andrea Steel – Carey Olsen; Law Firms: Carey Olsen; Clients: Nordic Capital Limited;

Author: Giulia Di Palma