Nordic Capital, a Swedish buyout firm specializing in Scandinavian and German-speaking countries, is asking for as much as six more months to complete capital raising as it seeks to gather 3 billion ($3.9 billion) euros for its latest fund, according to a letter to clients.
Nordic Capital, a Swedish buyout firm specializing in Scandinavian and German-speaking countries, raised about 1.7 billion euros ($2.2 billion) in the first close of its latest fund, said two people briefed on the matter.
NC Advisory AB, the adviser to Nordic Capital’s funds, won an appeal against a previous court ruling granting the Swedish Tax Agency the right to demand 702 million kronor ($108 million) in retroactive tax payments.
Nordic Capital, a private-equity firm that invests in Northern Europe, is offering a 1.5 percent management fee for a buyout fund that seeks to raise 4 billion euros ($5.3 billion), according to a person briefed on the fundraising.
Nordic Capital, a Swedish private- equity firm, told investors it will seek 25 percent less than the 4 billion euros ($5.2 billion) it initially targeted for its latest buyout fund, two people with knowledge of the talks said.
Private equity companies say a decision by the Swedish Tax Agency to more than double duties on their carried interest will jeopardize Sweden’s status as an investment haven and could force advisory firms to fold.