The Finnish private equity firm MB Funds has raised 260 million euros for its latest equity fund. MB Equity Fund IV follows in the footsteps of MB Funds’ earlier strategy and focuses on management buy-outs, privatisation and outsourcing projects.
MB Equity Fund IV is a Finnish private equity fund with investors comprising Finnish institutions. The fund’s investors are mainly MB’s existing investors or otherwise well-established partners of the organisation – mostly pension institutions and other insurance companies. The fundraising process was unusually fast and the fund was oversubscribed by existing investors alone.
The new fund follows in the footsteps of MB Funds’ earlier investment strategy. The fund targets established businesses that show potential for growth and ability to participate in consolidation processes both in Finland and abroad.
”We focus on developing and growing the businesses. On average, enterprises owned by MB Funds have seen their sales and staff doubling during our ownership. Working in close partnership with the management is another cornerstone in the way we operate”, says Juhani Suomela, Managing Partner at MB Funds.
MB Funds’ earlier investments include Inspecta, Panda, A-Inspection, Medivire Työterveyspalvelut, Suomen Gallup and Engel, amongst others. The current portfolio companies consist of Forchem, a producer of specialty chemicals; Norpe, a manufacturer of refrigerated display cabinets for the retail sector; and Medivire Hoiva, a leading care service provider.
For more information, please contact:
Managing Partner, MB Funds
+358 9 1310 1302 / +358 400 308 190