Asset Management
What's New In Investments, Funds? – FSN Capital Confluence, LGT Capital Partners
The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
FSN Capital Confluence, a €588 million ($642 million) fund – overseen by north European business FSN Capital Partners – has bought two portfolio firms from FSN Capital V. Switzerland’s LGT Capital Partners is lead investor.
The fund – a “continuation fund” – was set up to buy portfolio
companies from other funds, accelerating these firms’ growth and
M&A opportunities.
The FSN fund was “significantly oversubscribed” and attracted
leading institutional investors, including endowments, pension
funds and asset managers from around the world. AltamarCAM
Partners and Cubera served as co-underwriters, FSN said in a
statement.
The two companies in FSN Capital Confluence are:
Nordlo – a Nordic managed IT service provider, established
through a proprietary three-way merger facilitated by FSN Capital
V in 2018. The company has since completed a total of 15
strategic add-ons.
Saferoad – one of the largest providers of road safety and
infrastructure solutions in Europe. FSN Capital V invested in the
Saferoad Group in 2018, splitting the company into Saferoad and
ViaCon.
LGT Capital Partners, which specialises in alternative investing,
has more than $100 billion in assets under management and more
than 700 institutional clients in 44 countries.
Set up in 1999, FSN Capital Partners is a northern European
private equity firm and investment advisor to the FSN Capital
Funds. FSN Capital Partners has a team of more than 90
professionals based in Oslo, Stockholm, Copenhagen and Munich.
The FSN Capital Funds have more than €4 billion ($4.36 billion)
under management.
