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NAXS — Capital/Financing Update 2011
Apr 20, 2011
3178_rns_2011-04-20_b33d85dc-2241-4733-bd57-3489ea3b1ff2.pdf
Capital/Financing Update
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Stockholm, April 20, 2011
PRESS RELEASE
This press release may not be published in or distributed to the United States, Canada, Japan or Switzerland or any other country where announcement, publication or distribution requires measures in addition to those prescribed according to Swedish law or conflicts with applicable regulations.
NAXS makes a EUR 7,25 million commitment to Intera Fund II
NAXS Nordic Access Buyout AB ("NAXS") has made a EUR 7,25 million commitment to Intera Fund II KY.
Intera Fund II KY, which is the second fund raised by Inter Partners, held its first and final close today at EUR 200 million. Investors in the Fund include leading Nordic and European institutional investors, such as Keva and the State Pension Fund in Finland, Sjätte AP-fonden in Sweden, LGT Capital Partners in Switzerland and SL Capital Partners in the UK.
The Fund will invest primarily in Finnish companies that possess substantial growth potential in their domestic market or potential to expand abroad. From its first fund, Intera Fund I established in 2007, Intera has successfully invested in seven companies, among others Consti, Orthex and Trafotek.
This is the seventh commitment for NAXS, which since its IPO in May 2007 has built a diversified portfolio of seven buyout funds, six managers and an exposure to more than sixty portfolio companies in a variety of sectors. Four of NAXS' portfolio companies have already been exited.
This press release and further information is available on the Company's website: www.naxs.se.
NAXS Nordic Access Buyout Fund AB (publ), Reg. No. 556712-2972 Grev Turegatan 10, 114 46 Stockholm Telephone: + 46 (0)8-611 33 25, E-mail: [email protected] www.naxs.se
Contact information Jeff Bork, CEO Telephone: +46 761-000 000
NAXS operates as a private equity fund-of-funds with investments in buyout funds with a Nordic focus. The objective is to make the Nordic private equity market accessible for a broader circle of investors, while offering liquidity through the listing of the Company's shares on the NASDAQ OMX Stockholm Exchange.