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| Jersey Attracts Nordic Investment Fund |
by Phillip Morton, Investors Offshore.com
Tuesday, January 17, 2012
Leading offshore law firm Mourant Ozannes has advised on the establishment
of a new private equity fund focusing on Nordic business investments.
Led by partner Ben Robins, and assisted by associate Kirsten Faichnie, the firm
advised on the Jersey legal aspects of establishing the new fund, Accent Equity
2012, which is managed by a Jersey general partner and is advised by Swedish
advisor, Accent Equity Partners AB. The fund raised SEK3.33bn (USD480m) at its
initial closing in December 2011.
The objective of the fund is to make private equity or equity-related investments
in mid-market buyouts of companies in Nordic countries, with a particular focus
on Sweden.
Commenting, Robins said: "In an era in which global regulatory initiatives
are causing sophisticated investors to re-assess the jurisdictions in which
they wish to have their funds managed, it is very encouraging that the management
of funds of this calibre continues to find its way to Jersey. This demonstrates
the high regard in which Jersey’s regulatory infrastructure is held on the international
stage and the confidence that sophisticated investors have in Jersey as a centre
for the servicing of alternative funds."
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