Mimir Closed its First Private Equity fund, Oversubscribed
MIMIR today has closed its first Private Equity fund. The Fund was oversubscribed and the fund raise was executed in record time. Investors in the fund include NAXS AB (publ) which is listed on the Stockholm Stock Exchange (Bloomberg, NAXS:SS), other European institutions and large corp.
Erik Bork, Jeff Bork, Joakim Notö and Henry Selenius, the Managing Partners of MIMIR, said “For a long time there has been a clear demand and gap in Europe for a mid-market focused special situations investor with an operations focus. We are proud and grateful for the interest and support received from prestigious investors across Europe”. The team continues “We believe the interest in our firm is driven by our focus on making hands-on change from within the companies we own – a highly unusual strategy in European private equity”. MIMIR will be controlled by the Managing Partners, leading an experienced wider team of professionals, all with the shared vision of contributing to an improved world around us. MIMIR will focus on acquiring and developing companies with Sales between EUR 30 million and EUR 2 billion. MIMIR has already started its work, currently engaging in due diligence of a range of companies across the Nordics, continental Europe and North America.
Source: Mimir press release