Armada closes Armada Fund V at €210 million to invest in debt and equity in Northern European growth companies

Armada is pleased to announce that it has held final closing of Armada Fund V. The Fund invests in growing and profitable businesses in Northern Europe and acts as financing partner to company owners and financial sponsors.

The Fund received commitments from a diverse base of European institutional investors, including private and public pension funds, insurance companies, fund-of-funds, government agencies and institutions. The fund size exceeded its original target size.

The Fund makes tailor-made debt and equity investments of EUR 5-30 million in small and medium sized businesses. It has already made seven initial investments, with strong early performance.

The Fund’s investment team builds on a track-record and experience of investing EUR 230 million in 25 buyout and growth financing transactions since 2008, having fully realised 13 investments that have generated a gross IRR of 26.7% and an investment multiple of 2.14x.

Elm Capital and Borenius advised Armada on the fundraising.

Armada Credit Partners

Founded in 2000, Armada Credit Partners is a growth oriented private debt and equity investor investing in Northern European small and medium sized businesses. Armada is based in Stockholm and Helsinki and promotes responsible investment and governance practises.

Contacts

Ilkka Santti tel. +358 40 700 2876 at Armada Credit Partners, Helsinki
Jan Wiklund tel. +46 70 551 4054 at Armada Credit Partners, Stockholm