References/21 Jun 2021
Borenius advised Intera Partners on the formation of Intera Fund IV which raised EUR 335 million in its first and final closing
We advised Intera Partners on the formation of its fourth buyout fund, Intera Fund IV. A three-month-fundraise led to a first and final closing at the hard cap of €335 million of capital commitments, above the targeted €300 million. The fund is Intera’s largest to date.
Intera is a Finnish mid-market private equity firm focused on creating value by acceleration of growth and internationalisation. Intera’s recent transactions include the IPOs of Sitowise and Kreate and the sale of Rototec, and the investments in Galena Pharma and Midagon.
The new fund will focus on Finnish investments within service sectors where Intera has built domain expertise. In addition to commitments from Intera’s existing investors, the fund raised substantial commitments from new European investors. The investor base includes public pension funds, government agencies, wealth managers, and family offices within the Nordics, France and DACH.